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Home My WebLink About1103 'i r 20. That Mortgagor will not permit any ~r Hens to bs filed against the said premrsss and .y such Irene are bled. whether paramount or suba- d~nau to ttws mortgage. Mortgagor will Mw or cause to be had said liens drschargsd immediately. 2 t. Mongagss shall haw the right to charge Mortgagor s account with Mortgagee for the interest and principal payabHa as provided rn the promissory note as such becomes due in accordance therewith. 22. If the MortgagN regwsts. Mortgagor hereby covenants and agrees that Mortgagor will furnish the Mortgages annwlly from the date of this mortgage irtstnrmMt. unless some othN date is agreed to between tM parties in writing. a certified audited financial statement of the Mortgagor and annual complete operating statements o1.Mortgagor. 1f tM Mortgagor s fiscal or ulends? year shall not coincide with the date herein >ipscifisd. tMn tM date which the Mortgagee shall specify shall be txxitrolllrtg. Mortgagor shall wpply Mortgpes with wch otMr financial statements as Mortgages may from time to tirrta request. 23. It is agreed that nothing hstsul contained nor any transaction related thereto shall be construed or so operate ss to require the Mortgagor to pay interest at a rate greater tMn it is now lawful in such case to contract fo?. or to make any payment w to do any act contrary to Htw: that if any clauses or provisions herein contained opsgte a would prospectively operate to invalidate this Mortgage a said Note in whole or in part. then. such clauses and ~~uvrsions only shall be bald for naught. ss though not herein contained. end the remainder o! this Mortgage shall remain operative and in full force and effect. 24. If all or any part of tM mortgaged property shall be damaged or taken through condsmnatlon (which term v::cart used in this mortgage shall in- clude any damage o? taking by any governmental authority. and any transfer by p?ivate sere in iivu tMreoq. either terttporariiy or permanently. the entire in- debtedness secured hereby shall at tM option of the Mortgagee. become immediately due and payabN. Ths Mortgagee shall bt entitHid to all compensation a.vards. and ocher payments or 1'atief therefor and a hereby authori=ed• at its optior?. to comrnenca• appear in and prosecute. in its own or the mortgagor = name. any action or proceeding rslatirtg to any coridsnlriatwn, and to sstth or compromise any claim in connection therewith. All wch compensation. awards. damages. claims, rights of action and proceeds and the right ths~sto are hereby assigned by tM Mortgagor to the Mortgagee. who. after deducting therefrom all its expenses. wtchrding attomw's lees. may rsNase any moneys so received by it without affecting the lien of this mortgage or may apply the same in such manner as the Mortgagee shall determine, to the reduction of the wms severed hereby. and to any prepayment charge harem provided. and any balance of such moneys then remaining shall be paid to tfte Mortgagor. The Mortgagor agrees to execute such further assignments of any compensations.. awards. damages. claims. rights oi.action and proceeds as the Mortgagee may require. _ 25. This mortgage shall be rxuistrued as a sscunty agreement under the Florida Uniform Commercial Code aQ(X~ItiMt 7g00VJWgODCX IN WITNESS NHEREOF, the Mortgagor has executed these presents under seal the day and year first above written. Signed, sealed and delivered in the THIS IS A~BALLOON MORTGAGE presence. of: vk/ (SEAL) MICHAEL J. PICAN EAL) SAN PI - STATE OF FLORIDA COUNTY OF ST•. LUCIE ~ . I HEREBY CERTIFY, that on this day personally appeared before me, an officer duly authorized to administer oaths and.take acknowledgements, MICHAEL J. PICANO and SANDRA KAYE PICANO, his wife, to me known to be the persons described in and who- ! executed the foregoing instrument and they acknowledged before me that they executed f the same. . IN NITNESS WHEREOF, I have hereunto set my hand and affixed my official seal j at Fort Pierce, said County and State, this oZ~ day of February, 19~8,~.~_~~~..,,~; ~ , ` J Not ry Pub i - ..V ; : = State of Florida=. L-~r e ~ T; ~V10`~ ~ - r,' . My Commission Expires : ~ , h ::'-2' '••...•s'~%~. r~pTAf111 ?ttdLtC Sv?fE O~ fLt~RiQA AT 1J1RGt `~;~f,; • f _ MY COMMISSIGN Olt IftK OCT.7 tlgl - fap~Ofp Tt4Xt C;~f WS . M'~f~ . a'T14'7"l tt ~ 53 ' ~ G~ Zg r•17 rFtl•GG E'COti'NSY fl STS p011RAS _ .AOGER• Utl CtL~t~ =r ~ -T c 1.~ J ; ~ .G1.E(tK GIRC r ~T ~ ti~~C_~~h_1EhiA4+_+ . S1A. MV ~ ~J yt~,~..^_. THIS IWBTRUMfZHT PREPARED BT ~ 1 CHARLES R. P. f3ROWN - OR3~ PIGE1.1~ ~ o. a~ox tote act s. e.N sT. 3 BOOK IQR'r M[RCft. t?LORIDA 36430 nom.. nnu unnTnrrnc