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expressly subject and subordinate to any carp security interest
or crop mortgage encumbering crops which come into existence prior
to the institution of a suit or action in a court of canpetent €
jurisdiction for foreclosure of this mortgage. Any such crop security
interest or crop mortgage shalt not, however, be a security interest.
grior to this 3ortgage on an~r.crop coming int7 existence subsequent
to the institution of said- suit ox action. "Cane into existence"
and "caning into existence" shall,. for the purpose of this mortgage,
mean bloom in the cas® of erops~frwn perennial plantings and orchards,
acid shall mean glanting in the case of crops from annual or-more
frequent plantings. Nothing herein contained, however, shall oper-
ate to subordinate the lien of this mortgage as affecting trees or
-other perennial plants but shall se ogerate-as to-the crops harvested.
*..herefrom. _ -
TO RAVE AND TO HOLD the above granted and described premises
untc+ Mortgagee, its successors and assigns. forever.
Mortgagor hereby covenants that Mortgagor is indefeasibly - ~
seized of the Mortgaged Prewises~ in fee simple;` that Mortgagor is -
in actual possession thereof-and has full-power and lawful right to
convey the same in fee simple as aforesaid; that it shall be lawful
for Mortgagee at all times to peaceably and quietly enter upon,
hold, occupy and Enjoy all of-the Mortgaged Premises; that'the
Mortgaged Premises- are free fran all-encumbrances except as aforesaid; ,
that Mortgagor will make such further assurance to prove Mortgagor's
fee siunple title as-may be reasonably required and that Mortgagor will -
and shall fully warrant and defend the title to the same unto Mortgagee
against the lawf/11 claims and demands of all persons whensoever;
PROVZUED,-ALWAYS, that these presents are upon the express con-
dition that if Mortgagor shall pay-unto M.~rtgagee the sums of .money
as provided in~the promissory notes aforesaid and any extensions or
renewals thereof and in~erest thereon, at ,the time and in the manner
therein provided, whether in due course or under any covenants or
stipulations herein contained, and shall pay-all other indebtedness
or liabilities secured hereby. and shall-well and truly keep, perform and
cenply with all the covenants,- agreements. and stipulations. herein
contained, then the estate hereby granted, bargained, sold and-conveyed
shall-cease and determine;. otherwise these presents-shall be and remain
in full force and effect.
~ - And Mortgagor hereby covenants and agrees joir_tly ~
` - to and wi 2h !~ortgagee as follows :
- -1. To pay all and singular the principal and interest and
the various and sundry sums of money payable by virtue-of said -
promissory notes and this mortgage, each and every promptly on
the days respectively the same severally become due. - -
2. To pay all and singular the taxes and assessments at any
time imposed, levied or assessed on the Mortgaged Premises or the
indebtedness secured hereby, or the Mortgagee's interest in the ~
Mortgaged Premises before they-become delinquent. Tax receipts shall
be placed in the hands of the Mortgagee within ten (10) days after
payment. - - -
3. To keep the Mortgaged Premises other.tha» land continuously
insured against loss by fire and such other hazards as may from
time to time be requested by Mort3agee.in companies and in amounts
in each company as may be approved by and be acceptable to Mortgagee;
all insurance policies shall contain the usual standard mortgagee
clause making the loss payable, without contribution, to Mortgagee
as its interest may appear, and shall be delivered promptly to and
held by Mortgagee.. Not less-than ten days in a3vance of the expir~-
tion of each policy,, i:o: defiiver to Mortgagee a renewal thereof , ~
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FEE, KOBL~GARD 8c TEEL.. P. A. _ -
- - ATTORNEYS AT uw
PosT oRFrcE sox ~ooo
1~ORT PIERCE. FLOkIDA ii~6~ 9~~~
Tctcplw>sG 1!061 ~Idt-00f.0