HomeMy WebLinkAbout0359 17. All amounts that may hereafter be awarded for condemna-
tion of, and wa~te and tortious in3ury to, any of the property
hereby encumbered are hereby assigried and shall be payable unto
Mortgagee for application, atter payment therefrom of attorney's
fees and expenses incurred by Mortgagor and by Mortgagee in
connection therewith, on such part of the indebtedness secured
hereby as Mortgagee may deteraaine, with no duty on Mortgagee to
collect same.
- 18. Mortgagor agrees as a condition hereof if a sale or con-
veyance of all or part of the mortgaged premises or a transfer of
an interest in the Mortgagor partnership shall be made to a party
who is not a member o~ the partnership or who is not a memt~er of
the O.R. Minton, Sr. family without the written consent of the
lawful holder of this Mortgage. oi if such title or interest of
the Morfgagor is involuntarily conveyed or transferred as a re-
sult of foreclosure of a 3unior lien or is required under court
order or decree as a result.of litigation (conveyanca or transfer
of title or interest resulting from death of M~ortgagor or any one
~ of the members of the Mortgagor partnership is excepted), without
~ the written consent of the lawful holder of this Mortgage, then .
and in either of said events, and at the option of said holder, all
~ sums of money secured hereby shall become due and papable and ~in
default imnediately and concurrently with such conveyance or trans-
fer as above set forth, whether-the same are so due and payable
and in default by specific terms hereof or not. -
19. Mortgagee agrees in the event in any qear 50'X. oi more
of the citrus fruit crop growing on ~the above-described property
is lost then in that event, onlq accrued interest will be due and ~
payable during that year and the term of the mortgage shall be
extended for an additional year ta allow for the payment of the
principal.
IN WITNESS WHEREOF, the said M~ortgagor has executed this
Mortgage vander seal on the day and year herein first abo~te written.
Signed, sealed ~nd delivered
in the presence of: TRIPLE M GROVES, a General
I - n ~ - Partnership
,
f +
~ ~ By ' (SEAI')
. . nton, nag ng artner
STATE OF FLORIDA -
. .
COUNTY OF /~f'
Before me personally appeared 0. R. MINTON, Managing Partn+er
of TRIPLE M GROVES, a General Partnership, to me well known and ~
known to me to be the individual described in and who executed
the foregoing instrument, and acknowledged before me that he exe-
cuted-the same on behalf of TRIPLE M GROVES, a General Pa-rtner-
ship, and he was duly authorized by said Partnership to execute
said instrument as the free act and deed of said Partnership.
WITNESS my hand and official seal this ~ day of
. ~-v ~ , A. D. 1977. .
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