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Ibis mortgage is made, lioweret, subject to the folbwing covenants, conditioat and agreements:
FIRST: That the mortgagor hereby agrees and covenants to pay the interest and principal hereby secured promptly
when due and if default be made. is way pout thereof, or in the paymrnt of any other monies hereby secured. then the
same shall, without demand if aortgagee shall elect, bemaie due and payable at Dace wad the mortgage may be foralosed
in the magnet provided by law.
SEfAND: That the awrtgagor agrees bo pay u the same become due wad payabk all taxes, assessrnerits, wad other
charges imposed by hw (irxludiag ditch, canal, reservoir, or other water charges, taxes, or assesstrients) upon said
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soured hereby, provided that should the amounts paid for the mortgagee under this ~aragcaph Eor such tames, assessments
' wad other charges together with the interest on the indebtedness exceed the highest interest me permitted by law on the
indebtedness then owing, mortgagor shall not be liabk to pay any_of such excess over the highest lawful nte. In the went
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 way lien thereon or dnaging in any way the existing laws for the taxation of mortgages or debts secured by mort-
gage for state or kcal Jpacpoaa or the manner of the collation of any such taxes, so u to affect this mortgage. the holder of
this moctga~e wad of die debt ~rhich it secures, shalt have the right to give six (6) months' written notice to the Darner of said
land regw the payment of the satire indebtedness secured hereby, and it is hereby agreed that if such notice be given the
said lad ~getileiaess shall become due, and collectible at the expiration of said six (6) months.
THIRD: That the mortgagor a to pay all other debts that ue wow or may become liens u~oii or durges against
said premises, and not to pernut any lien of any kind to ucrue 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 uid
premises Inaior hereto unless 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 payment thereof and the benefits of the secunty afforded
hereby mad, without consent of such person and without any obligation to give notice of any kind thereto, be extended,
reextended, ucelerated, susprnded and refunded on any ternu whatsoever without in any manner affecting the priority
of the lien hereby created u security for the payment of the indebtedness secured hereby or any obligation substituted
therefor or issued to refund same.
FOURTH: That the mortgagor agrees to keep said premises and improvements thereon in good rnndition and repair
and not to commit or suffer waste thereof; M operate all lands, whether improved pastures, orchards, gruing, timber, or
aoP (ands, in a good wad husbandmanlike manner in accordance with acceQted principles of sound agricultural and forestry
pncticts; to take aU reasonabk preautions to control wind and water erosion: to fertilize improved pastures, if any, where
necessary to maintain a good stand of dtsirabk grasses; to protect orchards and timber, if any, by reasonable precautions
against loss or damage by fire including the maintenance of appropriate fire br+~ks: and neither to remove nor permit the -
~ removal of way timber, buildings, oil, gas, mineral, stone, rock, clay. fertiliur, gravel or top soil without the prior written
( consent of the mortgagee. The mortgagee shall have the right to inspect the mortgaged property at such reasonable times
and intervals u the mortgagee may desire, to determine the mortgagor's compliance with the covenants rnntained in any
clause of this mortgage.
FIFTH: That the mortgagor agrees to procure, maintain and deliver, premiums paid, to the mortgagee policies of
insurance against such hazuds on the buildings now or hereafter located on said premises u the mortgagee may from time
to time require, in such companies and in such amount and form and with such loss payable clauses u shall be satisfu-
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Ito the mortgagee. The mortgagee is authorized to auign and deliver said policies to any purchaser of this mortgage or
pr~isu at arty fo:-eck~re sale. In event of loss the rrwrtgagce :s expressly authorizcci and cm-
pow to settle or compromise claims under said policies, and the proceeds from uid policies u well u any other policies
procured by the mortgagor shall be d~to the mortgagee who at its sole discretion may apply same or any part thereof on
aaount of the indebtedness secured herebtr whether or not then due and payable, or may apply the same or any pzrt thereof
towuds the alteration, reconstnxtion or repair of said buildings, either to the portion damaged or any other portion thereof,
or release same to the mortgagor. Such application or release shall not cure or waive any default or notice of default here-
under or invalidate way act done pursuant to such notice.
~ SIXTH: lbat 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 usessment imposed by law upon said premises or any
part theregf, 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
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 uid premises for any
taxes or assessments (irregularities in the kvy or imposition of any tax or usessment being expressly waived), or redeem
s froru the sak of uid premises resulting from the enforcement of any such lien. claim or charge, or expend such sums u
E may be necessary to correct the failure of the mortgagor to comply with the provisions of said puagraph 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 sauced 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 witlwut notice.
SEVFNI'I~f: 1?iat 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 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 love been -
reduced to =.....p„pp........., then, at the option of the mortgagee, the entire said indebtedness shall bonnie due and payable.
EIGHTH: That the mortgagor agrees to pay on demuid 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 tick and tick
polices and searching the raords for the purposes of such litigation, shall bear interest at the same rate u specified in the