HomeMy WebLinkAbout0619 The cxeccise of thr at,ove righu shall i~~ no manner aHect~ ~npair. rdtrict. delay or retard the mo~tgagee's
right to toreclwe thia nio~t~age in care o( cie(auit. -
14. Thc mortgage and the note secured hereby shall be govaaed and oonstrued aooorditf~ to thc lawa o( the
State ot Florida at the date ot executioa.
!S. The vrord "mortgagor" and the laagua8e of thL instrument shall~ wherc there is more than one mort-
~agor~ be oonatrued as plural~ and all the oovenaab. agrecmenb and other pc~o ' ~~aet~, t~~shall be
!oint and eeveral: the wocd "mortgagee" shall ba oauwed aa induding aay ~p~l,~1_. , er oC thA~~wl~t eecured
w " or snd ee•~ shall be ooaatrued aa mdu the hcirs, executors,
dereby;and both the ords m tgagor mortQa~
administrators~ sucoeesors and aai~as ot e~ach. ,
16. Ia ths event ths awrt~gor should convsy the prsaioes de~cribed
h~r~in or any part thersot,.prior to the puya~eat in tull o~ said aote,
or an~ rene~al or e:tonsion thereol, the legal holder oi eaid note aay -
•t its option either ~orth~ith or •t any tia~ prior to payseat in tull
o~ a~id note, dsciare i~ediatoly due and pa~ble thirt~-live (S6~i) per
centu~ ot the v~npaid bslance o! s~?id note.
1T. Tt~ie aartgsQe has been esscated in t~o caunterparts and esch
o! snch connterparts ohall, !or all purposes, be ctieearsd an originai and
sll euch couaterp~rte shsll toaethsr coaotitnts but ons and the ea~e
inetru~ant.
18. The aortgag~ors, tor the~eselves, their heirs, ezecutors, ad~ini-
etrators and assigns covensnt ~1th the sortaagee, its euccesaors aad
assiQno, that ~?t all tiae• during the continuaace o! this aortgage,
they will p~y intersl~t on thst certain. tirst aortgage indebtedness to ~
Ths Travelers Inaursnce Co~ny oi H~rtlord, Connecticut, evidenced by
~ j'~~~ ~y ~t~~ ~f g~+~ A~*±~~+~a~ !~_+_~»asnd ,t+~d I~~1~ P~~~~~ ~~601~~(~00~00)
snd secured by a Firet Ibrtgage in li~ce ena, such bearing date oi J~nnsry
10, 1968, and said liortgnge being recor~d in O. Book 1855, page 1881,
Pnblic Records o! P~la Beach County, l~lorida, snd 3n Q. B. BooY 170, page
?4~, Pnblic Bscords o! St. Lucie County, Florida, and to wbich the
pre~iees herein describsd sre eub~ect; snd •ill pay the personal debt
thereby secured and will periora all ot~er covensnta and conditions con-
taiaed in esid Firet llortgage. It ie hereby e~cpreeely agread that •ny
delsult.in the perlor~aac~ oi tLe teras snd coven~wts ot either tbe ss~id
above re~erred to First lbrtgag~s or thie aortgag~e shsll conetitnte a
da~ault in both, and the aaid aortgagee, its snaceeeors, or asei~as ~ay
elect, ~ithout notice, that wlwie o! the principsl ena oecured by osid
sortgsges together with the intereet tLereon ehall beca~e due snd p~yable
~orthnith, and a4y enlorce gaysent o~ ill sw~s due nader the tera~ ot
either or both oi ssid fortgag~ss by loreclosure or otherwise.
19. Tl~t aortgagors ehall st sll tisee r~ork, prune, cultivste, lerti-
li~e, spray, duet, aare ior and a~?intsin in a husb~ndlil~e sgnner sccord-
ing to the aost ~pproved aethode~a~ anltw~e sll of th~e grove and orchsrd
trees no~ ,on s~id ~reaises or lferealter planted thereon, ~?nd shall protect
said gro~ea and orchards againa~ lo~s or da~?ge by lire by a~kinQ and asin-
' tainin~ proper lire breal~e in and sronnd said groves snd orchards in a
good and ~orl~snlike aanner, sad in the event thst the aortgsaor shsll
detanlt in th~ perlor~snce of any ot~the~pro~isions oi thie parags~ph the.
aortgag~ee aay, withont aotice or d~e~nd isl~ ior and obtsin the appoint~ent
` oi a rec~iver !or the protection snd aanageaent o! eaid security or aay
reaed~ euch de~snlt', arir~ csrry ont and perior~a all ot the obligstions o!
the aurtg~gor hereunder at the coet and ezpense ot t~s ~ortgsgor and pay
the cost thersol, wtd the aortga~or hereD~ a~reee ~ediitely to repay to
the aortgagee oa d~utnd any svus so psid, ~rith interest thereon tro~ the
respective dates ot euch payaents st tbe ss~e rate as specified in the
note aecnred liereby on the principai thereoi slter deianlt snd ~tnrity,
aad all suae paid by the aartgagee ~itb intereet ahsll bs • part oi the
inctisbtedneea sscured tiereby and in deisnit oi iafediate repsyaent thereof
by tL~e aortgsg~or the nhold iadebtedaeee secured hereb~ shsll st the option
of the aortgagee beco~e dne snd payable iorth~ith ~ithout notice. ?he
~ortgagee ahall be per~itted to enter upon and inspect eaid preaieos at all
ressonable tiaee.
~0. ,It ia nnderstood aad s~greed that lbrtgagore shall tnrnish to
lbrtgagee euch linancial etstearents as liortgsgee ~y require, but such
reqnests ehsll be liaited to one etate~ent each yesr.
In Witness Whereof, the mortgagor has duly signed~ sealed and e~cecuted this instrument in the presence
of the subecribing witaesees. the day and year first aforesaid. ~
Signed. aealed and delivered in the presence ot: ST$AZZULI+A ~R "OQ,~,~ . XI~t4.
BY' - ~ .
. •
. ~ :v.- ~ -
- ~~r (L.S.)
~,J ettest. ' =
' ~nrer (L.S.)
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~ , ~ : (L.S.)
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