HomeMy WebLinkAbout2372 PROVIDED ALWAYS, that if said Mortgaqor, its successors,
legal representatives or assigns shall pay unto the said Mortgagee,
its legal representatives or assigns, the certain promissory note,
a true copy of which is attached as Exhibit "A" hereto, and shall
perform, comply with and abide by each and every the stipulations,
agreements, conditions and covenants of said promissory note and
of this deed, then this deed and the estate hereby created shall
cease and be null and void.
AND the said Mortgagor, for itself and its successors,
legal representatives and assigns, hereby covenant and agree:
l. To pay all and singular the principal and interest and
other sums of money payable by virtue of said promissory note and
this deed, or either, promptly on the days respectively the same
severally become due. -
2. To pay all and singular the taxes, assessments, levies,
liabilities, obligations, and encumbrances of every nature on said
described property, each and every, and if the same be not promptly
paid the said Mortgagee, its successors, legal representatives or
assigns, may at any time pay the same without waiving or affecting
the option to foreclose or any right hereunder, and every payment
so made shall bear interest from the date thereof at the rate of -
9 per cent, per annum.
3. To pay all and singular the costs, charges and expenses,
including lawyer's fees, reasonably incurred or paid at any time by
Mortgagee, its legal representatives or assigns, because of the
failure on the part of the said Mortgagor, its successors, legal
representatives or assigns, to perform, comply with and abide by
each and every the stipulations, agreements, conditions and covenants
of said promissory note and this deed, or either, and every such
payment shall bear interest from the date of said payment at the rate
of 9 per cent, per annum.
4. To permit, commit or suffer no waste, impairment or ~
i deterioration of said property or any part thereof. ;
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~ 5. Mortgagor covenants and agrees for so long as all, or
~ any part of the indebtedness secured hereby remains unpaid to preserve, ~
~ maintain and care for the existing producing citrus groves upon the '
; above described premises, such care and maintenance to include culti-
` vating, spraying, dusting, pruning, fertilizing, watering, protection -
~ against damage by frost and fire, marketing of crops and replanting
~ of trees when needed, all to be done in a husband-like manner and
~ in accordance with approved methods of grove culture, and agree
not to top-work said groves without the written consent of the
holder of this mortgage, provided further that upon the failure
of the Mortgagor to fully comply with any or all provisions of
the above covenants, the holder of the indebtedness secured hereby, ;
~ in addition to all its other rights and remedies for breach of #
~ covenants in this mortgage contained, and in addition to its
~ right, hereby expressly given, to declare a default upon the breach :
~ of any such covenant, may, at its option, take such action as it ,
deems necessary to preserve, maintain and care for the premises '
~ and said holder of such indebtedness is hereby given full rights
of ingress and egress to the premises securing this loan in order
to preserve, maintain and care for such premises for so long as
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SFIUTTS 6 BOWEN, ATTORNEYS-AT-UW, MIAMI, FLORIQA
$ (305) 359~6300
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