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Home My WebLink About0026 , ~ . , . , , . . -1 ~ ~ ~ . _ ~ S - lbis mortgage is made,jbo~revq. sublat to the follrnving covenints. rnnditiau and agrcanents: . FIRS1': Zluc tlie moitgagor herebq agrca and covenanc: co pay the incerest ~nd princiQal heceby sauced PranPdy i w6en due aad if .defwlt be anade in aay pact theteof, or in the pzyment of u?r ~~r ' saaae shaH, ~ridwat danand if mortgagee s1uU elat, ba«ne due and pa~nble. at once aad che moctgage mar be Eoralosed e in t6e noaoner providcd by h~r. - ' SEWND: 'I7~at the moctgagot a$cca h° Pal u the same bccome due wd parabk all wca. aues~unents. and otha = chatges imposcd b~r ls~r (irxludiag d~tch, unal. resecvoir. or other ~ratec chuges. taxa. or assessments) upon said' P~~ a~M P~ ~acof including the rao~tgagee s intaat therei~ and upon this mortgage or the note oc indebtedneu savcrd hereb~, prov~ded thst sl~aild tbe itnounts pud for the mortgagce uader this ~ara8nph for wd~ taxes. sssesunrnts and ad~er chuga to~ether ~vith the_ interat on the indebtcdness acaed the highest ~nterat ateperm itted by law? on the indebbednas thep mv~ng. mortgagor shall not be liabk to pay any of such rxcas over tfie higl~est la~rful rate. In the event of tl~e passage, afta the date hereof, of any law? by the State oE Fbrida, deducting from the value of land tor the pucpose of taxuioa any liea thercou or d~aag~'ng in m' ~ray the existing laws for the.taxation of mortgages or debts secured bp moct- gage Eoc shte or locslI or the manner of the mllcction of any such taxes. so u to atfect-this mortgage. the holdec of this anatga$e aad of d~ivhich it saurcs. shall have dee right to give six (6) months' w+ritten notiee to the rnvner of said lu~d cqw t6epavaKnt of the eatin indebtednas scaued herebr, and it is heceby agreed d~t if "wch notice be g~vrn the said iad ~eb~edness shall baome due, aad coUactible at the rxpiration of said siz (6) months. - TH1RD; ~ Tl~t the moctgsgor to pay atf other debts thit are now or ma' bccome liens u~wn or durges against sard prtmises, and nat to pean~t aa~~of any kind to uccue and ranaia on uid prcmises. or the ~mprovanents thereon. wrhich mi~t take pracdencc over the liea of this mortgage. The modgagor furthec agrcrs not to create any lirn on said = ptemises ~tuuoc bexto unless tbe person entitkd to the baue6ts thereof shall have agtecd that the time for the payment of ~ d~e iadebtednas herebJ secuced and the manaer and amount ofpa ymeot thereQf and t~e bcneFits of the secunty afforded ; hereb~r ma~, without tonsent of such ~ccson u~d writhout any obli~ation to give notice of m' kind theceto. be extrnded, ~ nextende~d~ accekrat~d, wspende~ and ref~ndcd on my tem~s ~rlutsorver ~nthout in any manna alfccting the priority i of d~e liea bereb~ crated u savt~q for du pa~nent of the iodebtodaess secured hereby or any obligatim wbatituted r thecefor oc iswed to refund same. ; FpURTF~; T~at tht moctgagos agna to keep said premises and improvemrnts d~ereon ia good condido~ and repair and aot to ooa~mit oc suffa w?aste thereoE;_ bo opente all larids. ~?hether ~mprovod putures. occhuds, gcazing, timber, or crop lands. in a good and husbandmanlike manner in aaocdance ~vith uceQted principla of sound zgricultural and foratryr practias; to eake all ceasonable prenutions te contmi s~rind and wnter eros~on: to fert~l~ze improved putures, if any, where aecessac~ to miintain a good stand of desinble gnsses; to protect orcfiards and timber, if any, by rruon~le prccautions i ' against loss ot damage by fire inclndiag d~e anaintenance of aPPt°Priate brt breaks: and neither to ranove nor permit the 7 I c+unoval of any timbet, buildiags. dl, gas, minaal. stone, rock, ctay, fertiliur, gnvel or top soil withoat the prior ~vnttrn consent of the 'ihe r~wctgagee shall have the right to inspect the mortgaged propedy at such raso~sble times aud intavals u~aartgagee ma' daire. to determine the mortgagoi s compliance ~rith the covmants containcd in any i dzuse of this awctgage. FIFPH: 'l~at the moetgagor agrea to procvre, maintain and ddiver, premiums paid> to the moctgagee policia oE insnrance against such hazards on the buildmgs no~r or hereafter located on sa~d premises u the mortgagee may fcom time to time requue. in su~ companits and in wd~ amount and form and with wch loas payable claus~s u shall be utisfu- tory to the mortgaga. '11e anatgagee is authoriud to assign and deli~~er uid policia to any pucrhasec of this mortgaqe or to the~pncd~uec of said pcemisa at any focalosurc ule. In evrnt of loss the mortgagee is expcasl~ aathoriud and em- pow t~ setde or caanpmm~se claims under said poticia. and the proccrds from uid policia u w?ell u any other policia procvted bp the moctgagor shall bepaud~~o che mortgagce w?ho a~ ia sole d~screcion mar applr same oc anr p~rt chercof on aomoat of the ~ savreJ 1~errbr or not then due and pzrabk. or ma~? apply ~he same or any wrt rhenof to~rards the altmtion, romnstrnction or repair of said buildings, eith~r M the portion durtaRed or any other portion thaeof, ot telease satne to the mott~agor. Sud~ application or release shall not cure or wa~ve any default or notice of default herc- undtr or invalidate any act done pucwant M wd~ notice. ' SIXTH: TMt ia t6e evmt d~e mortgagor shall fail to procure, maintain and deli~er the inwnnce policia, pretniums pcrpaid. or to par. is the sune beca?x due andp~ yaWe, any tax or assessmrnt imposcd by law upon uid premises or any j put tl~ereof, oc the note, ur indebtedness secured hereby. or to pay any lien, claim or charAe against such prcmises ahich might bke precedaxe ova the tirn of this nnortgage. or to complr wdh the provisions of paraRraph Fonrth hereof, the 3 mo~tgagee tnav, writhout notiee or danand. insure any of the buildings and paq the cost of wch ir~.surance and pay any of taid tz~oes. assastnents. liens, claims and charga. or any part thercof, or redean from the sale of said prcmises for anr ~ ~ ~ut o[ assamxnts (irngnlaritia in the kv~ or imposition of any tax or usessment being expressly ~vaived), or rcdeem fcoa tbe sak of said pranisa raulting from the rnforcemrnt of an~r such lirn. daim or chirqe, or exprnd sach sums u ~ ~ n~r be t~ecasatv to conrct the failuce of the mortgagor to comply with the provisions of said paragraph Fourth, snd the q tnortga~or t~ ~~~a~~c~ty c~ ~r ro~~~cR1~K, ~~thout notice or de~nand. anv sums so paid ~vith interest t5eoeoo at the same nte u speci6ed in the note secured hereby on the principal thcreof after defaalt and maturitr, and all ` m~ns paid bv the mortgagte ~v~th interat shall become a p;rt of the indebtednas secured hereby, and in default of ~ immtdiate repav~t thereof b'the mortgagor the w~twk indebtedness savred here~ shall at the option of the moctgagce bavme due and payable focth.v~th ~?ithout notice. € SEVErTPH: 'l~ut in the cwrnt the mortgagor sclls or conveys said premisa. or anr portion thecrof. or. if the modgagor is a mrpontion, selis, trada or disposes of more than y6 of its corporate stock to persons other than tbe pc~esent owrners, their heirs and qiuli6ed dirators prior to the time the indebtednas sccured heceb~? shall have betn eeduoed eo = ttxa, at the option of the mortgagee, the rntire said indebtednas shall baome due and pa~able. EIGH'I7~I: 'I~at the mortgagor agrees to ~ay on demu~d all expensa and attorneys fees incuned bq the mort8a8'e~ b'1 rasoa of litigation or legal proceedings m w~hrch the mortgagee is made a pa~r to pcotat the lim of d?is mortgage and dl moneys so piid b~r the moctgagee, including anr txpmse incurred in pcocvnng or continuing abstrxts of titk and titk - policia and saKhing the tecocds fot the patposes of wd~ litigation, shall btu interest at the same rabe as spaified ie tbe 800K ~ 1 f'ACE ~ ~ _ r.:._ - -