HomeMy WebLinkAbout0738 16. It is understood that the obligation of mortqaqor
to pay attorneys' fees incurred by mortgagee ~n the event
of foreclosure of this mortgage or collection of the promis- .
sory note secured hereby, shall include all r~asonable
attorneys' fees incurred, even though suit may not be in-
stituted, and shall specifically include, but not be limited
to, attorneys' fees incurred in any appellate proceedings.
17. Mortqagor shall continually comply with and conform
to all laws, ordinances, regulations, covenants, conditions
and restrictions affecting the premises which is to serve as
security for the aforementioned promissory note, and shall not
suffer or permit any act to be done in or upon said premises ~
in violation thereof, includinq without limitation all federal, ;
state and local water management and pollution control laws ;
and requlations affecting the premises and the operation
thereof, and all ordinances, rules and regulations of any
private, quasi-public or public drainage district or govern-
mental agency having authority to regulate the irrigation and
drainage of subject premises.
18. Mortgagor shall hold and enjoy the above premises -
until default in payment of any installments as provided in
the aforementioned promissory note or a breach of any of the
covenants or conditions of said promissory note or this mort- ,
gage; however, any agent or employee of mortgagee or any '
person designated by mortgagee may enter upon said premises
at any time for the purpose of inspecting the same or for any
other purpose desired by mortgagee.
19. If foreclosure proceedings of any second mortgage
or any junior lien of any kind should be instituted, mortgagee,
at its option, immediately or thereafter may declare this mort-
gage and the indebtedness secured hereby due and payable.
i 20. Mortgagor covenants with mortqagee that it is duly `
i qualified and is authorized to do business within the State
; of Florida and that all Florida license, franchise and income
; taxes due~and payable have been paid in full. Mortgagor further
€ covenants that for so long as all or any part of the indebtedness
, secured hereby remains unpaid it will continue to remain so
~ qualified and shall pay all Florida license, franchise and in-
~ come taxes that may become due and payable in the future. '
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~ 21. The transfer of rents, issues and profits from the
premises hereinabove made is irrevocable. However, so long
as no default exists in payment of any installments as gro-
vided in the aforementioned promissory note or of any of the
covenants and conditions of said promissory note or this
mortgage, mortgagor may collect and retain the currently
~ accruing rents, issues and profits as they accrue, but in_
no event in advance of their normal accrual date without the
~ written consent of mortgagee.
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~ 22. If mortgagor shall be adjudicated bankrupt, make a
' general assignment for the benefit of creditors or take the
~ benefit of an insolvency act, mortgagee, at its option,
~ immediately or thereafter may declare this mortgage and the {
~ indebtedness secured hereby due and payable.
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~ 23. This mortgage shall be considered a Security Agree-
~ ment under the Uniform Commercial Code of the State of Florida
as to any part of the premises subject to a security interest
~ thereunder..
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~ ST. LUCiE COU1iT'~ F~~ ` ~
ROCf A PO' ~ i~AS
COR~ YE~~ ~Ep ~OU~lC ND AND LAST PAGE OF ATTACHED SCHEDULE .
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CMAqTERED
Y. P O BOX 1270. ~ORT PIERCE. ilOR10A 33450 - TELEPNON (305) 464- 00
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