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'Ibis mortgage is made, however. subject to the following covrnants, conditions and agretmrnts:
FIRST: 'T'hat the mortgagor hereby agrees and covnnants to pay the interest and principal hereby secured promptly 3
when due and if default be made in any part thereof, or in the payment of any other montes hereby secured, thrn the i
sane shall, without demand if mortgagee shall elect, become due and payable at once and the mortgage may be foreclosed
in the manner provided by law.
SECOND: That the mortgagor agrees to pay u the same become due and payable all taxes, assessmrnts, and other ~
clurga imposed by law (including ditch, canal, reservoir, or other water charges, taxes, oc assessments) upon said i
premtses or any. pact thereof including the mortgagee's interest therein and upon this mortgage or the note or indebtedness 1
secured hereby, provtded that should the amounts paid for the mortgagee under this paragraph for such taxes. assesur~ents
and other charges together with the interest on the indebtedness exceed the highest interest rate pettnitted by law on the
indebtedness thrn owing, mortgagor shall not be liable to pay any of such excess over the highest lawful rate. In the event
of the passage, after the date hereof, of any law by the State of Florida, deducting from the value of land for the purpose ;
of taxation any lirn thereon or chapgtng in any way the existing laws for the taxation of mortgages or debts secured by mort- i
gage for state or local purposes, or the manner of the collection of any such taxes, so as to affect this mortgage, the holder of
this modgage and of the ed
bt which it secures, shall have the right to give six (6) months' writtrn notice to the owner of said ;
land requiring the paymrnt of the rntirr indebtedness xrured hereby, and it is hereby agreed that if such notice be given the
said indebtedness shall become due, and collectible at the expiration of said six (6) months.
THIRD: That the mortgagor agrees to pay all other debts that are now or may become liens upon or charges against
said premises, and not to permit any lien of any kind to accrue and remain on said premises, or the improvements thereon,
which might take precedence over the lien of this mortgage. The mortgagor further agrees not to create any lirn on said
premises junior hereto unleu the person entitled to the benefits thereof shall have agreed that the time for the payment of
the indebtedness hereby secured and the manner and amount of paytnent thereof and the brnefits of the security afforded
hereby may, without consent of such person and without any obligation to give notice of any kind thereto, be extended,
reextrnded, accelerated, suspended and refunded on any temu whatsoever without in any manner affecting the priority 3
of the lirn hereby crated u security for the payment of the indebtedneu secured hereby or any obligation substituted
therefor or issued to refund same. -
FOURTH: That the mortgagor agrees to keep said premises and improvemrnts thereon in good condition and repair
and not to commit or suffer route thereof; to operate all lands, whether improved pastures, orchards, grazing, timber, or
crop lands, in a good and husbandmanlike manner in accordance with acceQted principles of sound agricultural and forestry
f practices; to take all reasonable precautions to control wind and water erosion: to fertJ~u improved putures, if any, where
necesury to maintain a good stand of desirable grasses; to protect orchards and timber, if any, by reasonable precautions
'i against loss or damage by fire including the maintenance of appropriate fire breaks; and neither to remove nor permit the
removal of any timber, Iwildings, oil, gu, mineral, stone, rock, clay, fertilizer, gravel or top soil without the prior writtrn s
consrnt of the mortgagee. The mortgagee shall have the right to inspect the mortgaged property at such reasonable t+mes
and intervals u the mortgagee may desire, to determine the mortgagor's compliance with the covenants contained in any
clause of this mortgage.
F1FPH: That the mortgagor agrees to procure, maintain and deliver, premiums paid, to the mortgagee policies of
~ insurance against such hazards on the buildings now or hereafter located on said premises as the mortgagee may from time
{ to time require, in such companies and in such amount and form and with such loss payable clauses as shall be satisfac-
t tory to the modgagee. The mortgagee is authorized to assign and deliver said policies to any purchaser of this mortgage or
to the purchaser of uid premises at any foralosure sale. In event of loss the mortgagee is expressly authorized and em-
powered to settle or compromise claims under said policies, and the proceeds from said policies u well u any other policies
procured by the mortgagor shall be aid to the mortgagee who at its sole discretion may apply same or any part thereof on ;
account of the indebtedness secured hereby whether or not then due and payable, or may apply the same or any part thereof
towards the alteration, reconstruction or repair of said buildings, either t~ the portion damaged or any other portion thereof,
or release same to the mortgagor. Such application or release shill not cure or wane any default or notice of default here-
under or invalidate any act done pursuant to such notice.
SIXTH: That in the event the mortgagor shall fail to procure, maintain and deliver the insurance policies, premiums ~
prepaid, or to pay, u the same become due and payable, any tax or assessment imposed by law upon said premises or any
part thereof, or the note, or indebtedness secured hereby, or to pay any lien, claim or charge against such premises which
~ might take precedence over the lien of this mortgage or to comply with the provisions of paragraph Fourth hereof, the
t mortgagee may, without notice or demand, insure any of the buildings and pay the cost of such insurance and pay any of
said taxes, assessments, liens, claims and charges. or any part thereof, or redeem from the sale of said premises for any
taxes or usessrnents (irregularities in the levy or imposition of any tax or assessment being expressly waived), or redeem
from the sale of said premises resulting from the enforcement of any such lien. claim or charge, or expend such sums u
may be necrssarv to correct the failure of the mortgagor to comply with the provisions of said paragraph Fourth, and the
mortgagor hereby agrees immediately to repay to the mortgagee, without notice or demand. any sums so laid with interest
thereon at the same rate u specified in the note secured hereby on the principal thereof after default and maturity, and all
sums paid by the mortgagee with interest shall become a part of the indebtedness secured hereby, and in default of
! immediate repayment thereof by the mortgagor the whole indebtedness secured hereby shall at the option of the mortgagee
~ become due and payable forthwith without notice. _
SEVENTH: That in the event the mortgagor sells or conveys said premises, or any portion thereof, or, if the
mortgagor is a corporation, sells, trades or disposes of more than ....49.......aJo of its corporate stock to persons other than
the present owners, their heirs and qualified directors prior to the time the indebtedness secured hereby shall have been
reduced to :.0..00..... at the option of the mortgagee, the entire said indebtedness shall become due and payable.
EIGHTH: That the mortgagor agrees to pay on demand all expenses and attorneys' fees incurred by the mortgagee by
reason of litigation or legal proceedings in which the mortgagee is made a party to protect the lien of this mortgage and
all moneys so paid by the mortgagee, including any expense incurred in procuring or continuing abstracts of title and title
policies and searching the records for the purposes of such litigation, shall bar interest at the same ratwe~u~speci~ied in the f