HomeMy WebLinkAbout1123 Zo. TMt MortQegor will not permit any other liens to be filed against the said premises and if any such liens are filed, whether paramount or wbor•
dinate to this mortgage. Mortgagor will haw Or cause to M had said liens discharged immediately.
21 • Mortgagee sMll have tM rpht to charge Mortgagor's account with Mortgagee for tM interest end principal payable as provided in the promissory
note as such becomes dw in sccoManq therewith.
22. If the Mortgagee requests, Mortgagor hereby co+ronants and agrees that Mortgagor will famish the Mortgages annually from the date of the
mortgage instrument, unless some other date is agreed to between tM parties in writing. a certified audited financial statement of the Mortgagor and annwl
complete operating statements of Mortgagor. If tfle Mortgagor's fiscal or ealertdu year shall not coincide with the dab Mrein irpscified, them the date which
the Mortgages shall specify shall be controUinQ. Mortgagor shall supply Mortgages with wch other financial statements as Mortgagee may from rims to time
request.
23. It is agreed that nothing heroin contained nor any transaction related thereto shall bs construed or so operate as to require the Mortgagor to pay
interest at a rate groatsr than it is now lawful in wch case to contract for, or to make any payment or to do any act contrary to law: that if any clauses or
provisions heroin contained operate or woukf PrwPwUw1Y operate to invalidate this Mortgage or said Nots in whole or in part, then. such clauses and
provisions only shall bs held for naught, as though rwt herein contained, and tM remainder of this Mortgage shall remain operative and in foil force end effect.
24. Hall or any part of the mortgaged property shall bs damaged a taken through corxiemnation (which term when used in this mortgage shalt in-
clude any damage or taking by any governmental authority, and any trenster by private sak in lieu thereof!, either temporarily or permanently, the entire in-
debtedness secured hereby shall at tM optan of tM Mortgagee. become immediately due and payable. The Mortgagee shall be entitled to all oompsnsation
awards. and other payments or relief thsrofor and q hereby authorized, at its option, to commence. appear in and prosecute. in its own or the mortgagor's
name, any action or proceeding relating to arty oonrNmnation, and to setth or compromise any claim in connection therewith. All wch compensation,
awards. damages. claims, rights of action and proceeds artd the right theroto are hereby assigned by the Mortgagor to the Mortgages. who, aher deducting
therefrom ell its expanses, including attorney's fees, may rolsass any moneys so received by it without sHecting the lien of this mortgage or may apply the
same in such manner as the Mortgagee shall determine, to the ?eduction of the wms secured hereby, and to any prepayment charge herein provided, and any
balance of such moneys then remaining shall be paid to the Mortgagor. The Mortgagor agrees to execute wch further assignments of any compensations,
awards. damages. claims. rights of action and proceeds as the Mortgages may require.
25. This mortgage shall be construed as a security agreement under the Florida Uniform Commercial Code.
26. Qther provisions:
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the
day and year first above written.
Signed, Sealed and Delivered in tfie
presence of: THIS IS A BALLOON MORTGAGE
C~~~ ~
EDGAR REGISTER
NELL H. REGIST
1980 APR 29 P!: 2~ 52
f# EO AItC R£COtttit U
STROG
IffRC~~Ri?SA.
CLERK CIRCUITTC41gt
ettiaae ~~t'aicl~c_--"_
STATE OF FLORIDA )
) Q 04833
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, EDGAR C. REGISTER
and NELL H. REGISTER, 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
the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal at Fort Pierce, said County and State, this o21 day of April, 1980~~,,,,,.,...,, _
n~A -
Notary blit~? 4'•~; : -
My Commission Expires • State of Floi'3.da~ a~ tge- ~ - t
~
aloillltr ~:KI C StAtE Of KORrOA At IAK1 i•'•. ` ~ ' ~ • =t -
My eoi?~Isslow r,~11e~s oeT . ~ h!{t ` , • •
RCttrDEO ttYU GENERl11 tlrS . tJPOERIIrtI~ ' - - .
Testa INiTRUM[NT rR[?AREO BV
CHARLES R. P. BROWN
P o. sox tats _oi s. aril sT. 3 a(;;~(~ PJI6E~~ '
s=c.:, f'IF"tCf_. fLC^.:CA 3.. ~a BALLOON MORTGAGE t