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The taortgagor certifies that the above described property is citrus and and is not
his ho>westead, his residet,ce being at: Route S, Box t Florida'
sa s, a a • • sa s
TO HAVE AND TO HOLD, the said property, togethec and sirtgulu the rights, member. henditaments.and -
appurtenances thereunto belonging of in any wine a per ' ' to second party. iu wcaaors and assigns, in fee dmple
forever; and first rtyy hereby binds himself (itset , ha (its heirs, executors, administntdr, wooestor and assigns. to
warrant and foreverwdefend said property unto sewn party, iu successor and assigns, from and against fast posy, the heir,
executor, administrators, successor and assigns of fast party and all other. persons whomsoever Iavrfully chinning or to claim
the same or any part thereof. - - - .~-`.,r i`"
' -
PROYLDED ALWAYS, NEYERTHEI.ESS, and it is the true intent and rntaning of the parties to jhese presents, that
if fast posy shall pay, or cause to be paid, unto second party, its wecesson or as:igru the total btednes: eeeund hereby,
whether evidenced by note lust above described, future advs?noe notes, or otherwise, with interost tlreroon.ss aforesaid. and
shalt perform all terms, conditions, and covenants according to the true interns of said note, wy pthgr iristruatent hereinafter
referred to, and this mortgage and an othec in:trununt secucing note first above described oT other instriunent evide
indebtedness of fast party to second party. and Damply with aq the pwvaioru of the Fans Credit Act of 1971 and
amendments thereto. and with the regulatioru issued and that maybe issued by the Farm Credit Admini:tntioa, ail of which
ace hereby made a part hereof, then this mortgage shat{ cease, determine, and be utterly null and wid; otherwise it :,hall -
remain mfull force and effeM.
FOR THE CONSIDERATION AFORESAID, fast party covenants as follows: .
l . First poly is lawfully seized of said property in fee simple cad has a perfect right to convey same; then an no
encumbrances a lien: whatsoever on said property except tl>is mortgage.
- '7: This mortgage-shall also secure any future advances made by second party. at its option, to fast poly, or one or
more or all of them, as may be made during the time authorized by law for such advance, PROVIDED THAT THE
MAXIMUM AMOUNT SECURED HEREBY SHALL NOT AT ANY ONE TIME EXCEED THB PRINCIPAL SUM OF
S 1, 650, 000.00 plus interest thereon, and any disbursements made for the payment of taxes, levies or inwrance on the
property covered by the Lien of this mortgage, with interest on such disbursements. In the event of sudr advance, the amount
thereof shall be added to the mortgage debt.
3. It k further understood and agreed by all parties hereto that the executioa by fast party and the aceeptanoe by
I second poly of any notes, renewal notes or other instruments, or the agreement by second poly to any reanrortizations,
extensions, deferments or other rarrangements ss contemplated herein shall not be construed as payment of any
I indebtedness hereby segued, (whether or not, among other changes in terms, the interest me or ntts remain the :arue
and/or time for payment is thereby extended or lessened), and shall not discharge the lien of this mortgage Vvttidi is to remain
~ in full force and effect until the total indebtedness accrued herby has been paid in full. All notes or other instrument:
j contemplated herein shall remain uncancelled and in possession of second pariy,its suoas:on and assigns. until the total
indebtedness herby secured is paid in full.
f~ 4. First party will insure and keep insured u may be required by second party from time to time all groves and
orclurds now on said property or that any lrareafter be thereon against loss or damage by foe, wrindstorm, hail. froat, freeze,
and/oc other casualty, and all buildinga now on said property, and all buildings which may hereafter be erected thereon,
4 against loss or damage by fue, hail, windstorm, and/or otteer cawatty, in such form, such amounts. and in such company or
~ oompsnres as shall be satisfactory to second party, the loss, if any. to be p~ayabk to second party as its interest may appear at
the time of the loss. First party will deliver to second party the policy or policies of insurance with mortgagee louse attached
~i thereto satisfactory to second party, and will promptly pay. when due all premiums for such iruutanoe. if any grove of
orchud shall be destroyed or damaged by fin, windstorm, hail, frost, freeze, and/or other asualty. the amount received in
1 settlement of the loss or damage may be applied at the option of second party on wch part of the indebtedness second by
this instrument ss second party may in its sole discretion determine. ff any building on :aid property sa insured shall be
destroyed or damaged, the amount noeiv+ed in settlement of the loss ~ dan>sge may be applied at the option of fast party to
i; the reconstruction or repair of the buildings sD destroyed or damaged, wbject to the regutatioas issued or that may be issued
under the Farm Credit Act of 1971 or acts amendatory thereof or wpplementa! tt~eto; any portion of the proceeds rat so
ii used shall be applied on the debt hereby secured in wch manner as noond party, in its sole discretion, may determine.
I j! S. First PAY WY. when due and payable, all taxes, assessments and other dangles that may be levied or
is assessed against said property, and all judgments and all other amounts that may be or become a lien thereon.
6. First party will keep in good order and condition, preserve, and repair, rebuild and restore all temoes, buildings,
groves, orchuds, fences, fixtures,, shrubbery and other imprpvements, of every kind and nature, now cNr said land and
hereafter erected or placed thetevn that may 6e destroyed or darrraged by fax, windstorm or othersvi:e, and will not pernut
the change, injury or removal thereof, will not commit or permit waste on said land, and well rat, except with the written
consent_ of second party, cut, use or remove, or permit the cutting, use or removal of, any timber or trees on said land fa
sawmill, turpentine or other uses or;purposes, except for fuewood and other ordinary farm purposes. Fiat party will also
preserve and keep in good order and condition all tree: and timbe: Hour and herdafter Bowing upon the said property, and
will at all times protect the trees and timber against loo or damage by fire, all to the satisfaction of the seoorbd posy.
7. First party will at all times properly fertilize, cultivate, cue for, and maintain in a productive condition all the
grove and orchard trees now on said property or hereafter planted thereon, and will protect the groves and ordiards against
loss or darrnge by foe by making and maintaining proper fuebnaks on and around said property, and by keeping
undergrowth cut, to the satisfaction of second party and second poly is hereby authorized a~ empowered to have appnitals
of said property made by a Land Bank appraiser, or by others, at such times as second party, in its sole discretion, may desire.
The cost of such appraisals shall be paid by fast party immediately upon presentation of an itemized statement thereof and
shall be secured by this instrument.
8. Tune » of the essence of above recited note, this instrument and of any other instrument evidencing
indebtedness secwed herby. U fast party fad: to comply with any covenant, condition oragreement is this instrument, or is
said note, or in any reamortiution, renewal, deferment, extension agreement or other instrument evidenang. any
indebtedness secured hereby, second party may, at its option, exercau any one or more of the following rights, power,
privileges and remedies:
ji
(a) Perform any one or more of the covenants of fast party in this instrument, in above Hated note, or in any
other inswment evidencing any indebtedness secuued hereby, and all sums advanced by second poly in doing so
I' dell be due and payable by first party
to second party imnKdiately without notice, and shall be secured by this
Ii instrumknt, and droll bee interest from the date of advance by second party at the highest me provided in any rate
or otter ir?strument secured hereby.
(b) Declare all amounts se<aired by this instrument irnnvediately due and payable without noticx.
(c) Proceed immediately to foredoae this mortga®a, and pursue wch other remedies as may be authorized by law.
is .
9. As further security for the payment of the note herein descn'bed and any other instrument evidencing
indebtedness secured hereby and for the performance of all the terms. condition:. and covenants of said rota, said other
~ instruments and of this mortgage, fast party hereby transfer, sssigm, aid set: over to second party all of the crops sawn or
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