HomeMy WebLinkAbout0041 14. If the i~uluhtalnc~a.r xeoura~l hrmby i~ nurr ur herc~?tler fuHhur ~~ureJ by.eha~tel enurtg~w~ ~cuourity intemstx. pkKf~us.
a?ntrscta of~u nrsnty, s,~,ignmenta uf Ic~. or o1h~t wwuriliEr. ur it the ~n?ww hc~n?by enoum~?rn~i ow~+i~te ut more tiuu~
uae parocd, :liort~geu may st ~Es optinn ext?au~t s~y une or more ut wid ~ourit+ee and wcurity hee~wtndar. or ruoh pa?raelx
at the socun~y hereunder~ oilher ooa~u~n~~tly or independea?lr~ ~nd in auch order s~ it trwy det~rmine.
Ib. Upoarequeat d Mat~~g~or. l~tart~~ee m~y. ~t iM ~ole optwu. trum time to time befoh tup payment d aU indsbted-
aess eeoured beroby. m~lce furtb~ advaaoer to Murf~qo~: pe'uvided. how~sr~r. that the Wtat ~inoiP~l ~eoured~y aud ramain-
ing nnpiwl. indudu~ao,y suoh ~dvi?nees. a6all not ~t aqq time asoeed t6a~~ prinap~l ~um ~eoured Aeroby. ~Cort~or xh~ll
exeouce and deliver to MO~1~~~ • note sviden~~ e~oh ~wwd e~ery suoh further adnwes ~rluoh Mort~asee m~,y make. suoh
DOtB SO ~ p~yib~0 011 M be[W~e 41a1111~t' O~ t~ :r~dstarlnar~ ~ennwl hwhv and tn iru~tfNA ~YC11 taM1~ Y Mo[LB~~ al1v~
e o6
e~equire. Mort~or sh~ll pa,y all aueb turtbe~ ~dvwoe~ wiW intere~t~ wd the sama wd e~o6 nota evidooang the wma ~h~U
be seourod hecebY. !W W"ovisions of this morlia~te el~all~apP~y to e~o6 hut~het advwoe us ~sll ~ W ap o ht er indebtednen
seoured 6areby. Nothing herein coutained. lavrever. shaU Li it the amawL seeared b7 tAis mort~a~e d suoh aaaount is
inare~eed b advaaoes made by Mort~a`ee. a~ harein d~e~vhere provided tor b proteoc the ~sourity. The ~rocd "Mort~aso~"
as ured iu ~ p~gr~p4, iaotndes ~ woeee~or ia owner~hip o[ tbe premiws. ' .
18. No dalRy by Mor~~ in exe~wising ~ny right or remedy hereunder. or otherwise at[orded by law. ,~ll opersW~f~i ~ •
~raivet thee+eot orpreolude t~he exeroiso t6areot dunng tbe eorttinw?noe ot w~r datwlt 6ereunder. No wa~ver by M~rtga~ee
of any.dd~?ult shW oonaiilute a wraiver ot or eonsent to su ueot del~elts. No hilure ot Mortg~ee to ezereibe sny optton
herein gi~en to aooele~ste m+?lwitq d ths debt berebp aeo~. no forbenr~aoe by Mortgages beture or atLer tbe eseceue ot
suoh optaon a~d no withdnw~al or ~?b~ndonment ot foreoloaure prooeedinQs by Mor~aeee ahall be Wcen ar ouarLrued sa
~vsiver ot its tight b eseroise suoh opLion w to acoelervte the au?turity of the deb~ heceby .eoured b~ ra.eon ot sny p.s~. ~
preaent or inturs defsult on the psrt of Mo~tgagor ~ad. in libe ru~?nncr. the proourement of inauraaoe or the pay ment ot Rs~~ee
or o~b~ li~ss ar chsrges b~. Mastgasee stull aot bc teken or oonatrued ae ~~raiver ot ita right to ~?ooe~eeate the maturiEy ot
the debt here6y aeoured.
17. WitLout alEectu~ ths lisbllitp of M r or any othet~p~n (exeept 4ny per~on expreesl~ reMtaeci in wriiinS) !or ~ j '
p~ywent of ~~y indebtedness aecnra! hereby or or performance soy obli~?tion ountsined herein. snd witlwut atieoting the
rigbts ot 1ltortgagee ~vith respeo0 to aoy seourity not expressly releaeed in wnting. Mon$agee m.y. wt iu?y time and trum time
to time, eiLber before or Jter tbe msturi~y ot s~d note. snd w~itbout notice or oonec~nt:
Relesee wy peegon liable for pspment ot sll or sny part at t6e indobtednesa or f~ performance ot sny obligatiwn. •
(b) Dlake any agreement exteadinQ the time ur otherw~ise altorin(~ the terrns a[ga
pment o[ all or sny part.of the
indebtednees, or mo~ityin~ or wsiving any obligi?tion. or subordinst~a~. modif}'uyt or otherwise dealing w~th the
lien or o6~rge hereof. -
(o) Sxeroiee or retn~in trom exeroiains or v~~ive u~y right Mortgagee may tu~ve.
(d) Aoeept addition~l seeurity ot sny lcind.
(e) ~
i~ or olhenviae deal w+iW~bqy property. e~ewl or peryonal. securin~ the indebtedness, including all ar any psrt
Pi'~P~Y ~+~8~ Y
the hdd~aC~ terv~ 4en~o~e~aunb~rw~~ and Mortgag~ee purswnt to this mottg~ge shall be superior to ehe tiQhte d
19. Mortgagor heeeby waires ~tl ei~ht d homaste~d ezemption in the property subjeot W this mort;age.
20. Paregraph (a)(1) of the "Together rrith" clause is hereby modified to the
extent that;the Kortgagnr doee hereby mortgage, transfer~ eet over, aeeign aad
pledge unto the Kortgagee all citrue crope norr ~ aad hereafter gro~ring on eafd
pre~isse, Hsreby- ezpresa3,~ &'~~~8 ~~~~~6 emto the Mc~rtgag~ee s fi.r~t
prior lien thereon, aad eecurity intereet therein, ho~aever, such lien and secur3ty
intereet shall be an~d ie hereb~r ezpresely made sub~ect aad subordinate to at~y crop
~ mortgag~e securing a loan made by a reco~nized Produation Credit Aeaociation,
National B~k or State Bank covering a aitrue arop rrhich comes into exiatenae by
bloom prior to forecloeure eale or otL~r acquiaition of the premises by the Mort-
~ gagee imder thia Mortgage aad Seov~rity AgTeemant.
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E 21. A:d the said I~o,rtgagor f~u~t~er coven#~nt~ and agreea for so long as all, or
~ a~y part of the i~deb~ediases ~eoured hereby remains wlpaid to preaerve, maintain
j ar~d care for the citrus ~coves ~}pon the ~bove-deearibed premisee, euch care ar~d
~ maintenanae to include;cultivating, epr~}ring, dusting, pruning, fertilizing,
watering, protection .againet .rlaio$ge b~r froat aad fire, marketing of crope ar~d
replsnting of treee ~ien needed~~~ ~J.]...t.o be done in a huebar~d-like mannAr aryd in
accordance rrith approved methode of grove culture, aad agree not to topxork eafd
groveg i~rithout the r~itten causeat Of the holder of this Mortgag~e, provided fl~r-
thei that upon the faflure of the Mortgagor to fl.illy complyr with aay or all pro-
visione of the~above'oovenente, the holder of the i~xiebtednees eecured hereby,
in addition to all ite other ri~te arid remedies for breach af covenante in thie
Mortgage contained, aud in addition to ite ri~t, hereby eapreeely given, to
dealare a default upon the breach of ar~y suoh covenant, m~y, at ite option, take
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