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payment of the Note is sold, assigned, transferred,
alienated, mortgaged or otherwise .hypothecated, with or
without consideration, or the undersigned's title or
interest therein is divested, whether voluntarily or
involuntarily, or the undersigned enters into a lease on
_ any of the property subject to the mortgages or deeds of
t-rust securing the Note, except that such right of ~
acceleration shall not exist with respect to sales,
transfers or hypothecating of property not prohibited by
the Purchase Agreement.
20. That if, during the existence of this -
Mortgage, Mortgagor or any subsequent owner or owners of 1
the property affected by this Mortgage or any part thereof
or any interest therein is denied or estoppel from
receiving irrigation water for use upon said property or
any part thereof, Mortgagee shall have the right, at its
option, to declare all sums secured hereby immediately due
and payable.
21. This Mortgage applies to, inures to- the
benefit of, and binds all parties hereto and their
successors and assigns. .The term "Mortgagee" shall mean
the owner and holder, including pledgees, of the Note
secured hereby, whether or not named as Mortgagee herein.
22. If any provision hereof should be held
unenforceable or void, then such provision shall be deemed
separable from the remaining provisions and shall in no -
way affect the validity of this Mortgage.
23. That the right to plead any and all statutes
of limitations as a defense to any demand secured by this -
Mortgage is hereby waived to the full extent permissible
by law, and to the full extent permissible by law
Mortgagor hereby waives any and all rights and remedies
~ relative to homesteads, exemptions, marshalling of liens
and assets and redemptions. ~
24. That Mortgagee shall be subrog ated for
further security to the lien, although released of record,
of any and all encumbrances paid out of the proceeds of
the loan._secured by this Mortgage. 1
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granted to Mortgagee in respect to any part of d
property which under Florida laws might n r hereafter
be construed or considered as persona- oprty, and, with
respect to any such personal pro y construed or
considered to be personalty fixtures, this Mortgage
shall constitute a Secu Agreement under the provision -
of the Florida Uni Commercial Code, Chapter 679,
Florida Statu The term "Mortgagor" shall also mean ~
"Debtor" the term "Mortgagee" shall also mean "Secured
Part erever the context of this Mortgage so requires
26. That upon request of Mortgagee from time to
time Mortgagor will execute, acknowledge and deliver all
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