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HomeMy WebLinkAbout1737 a ~ . - _ _'t _ - _ 20. TMt Mortgagor will rwt permit any other liens to be filed against tM said prem~sp and if sny such liens are tiled. whether paranwunt or subor• dinate to this mortgage. Mortgagor will haw or cause to be had said liens discharged immediately. 21. Mortgagee shall haw tM right to charge Mortgagor's account with Mortgagee for tM intsrpt and principal payable as provided in the promissory note p e1ICh becomes dW In accordance therowith. 22. If tM Mortgage fequpri. Mortgagor hereby oownanri and agree that Mortgagor will famish tM Mortgsge annually from the date of this mortgage instrument. unless some other date b agreed to between tM partip in writing. a certified audited financial sritsmsnt of the Mortgagor and annwl complete operating statsmsnri of Mortgagor, If tM Mortgagor's fiscal or cahridar yer shall not coincide with tM date herein specified. then tM date which the Mortgsge ahaN specify shall be controlNng. Mortgagor shall supply Mortgage wiM such other financial ststemsnri p Mortgage may from time to time request. 23. ~ It is sgred that nothing herein oonriinsd nor any transaction related thereto shall be oonstnrsd a so operate ss to require the Mortgagor to pay interest at a rats greater than it Is now lawful in wch case to contrsct for, or to make any payment or to do any act contrary to law: thst if any clause or provisions herein contained operate or would prospsctiwly operate to invalidate this Mortgage a said Note in whole a in part. then, wch clause and Provisions only shall bs held for naught, p though not heroin oonriirisd, and the remainder of this Mortgage shall remain operotiw and in full force and effect. 24. If all or any part of the mortgaged property shall be damaged a taken through condemnation (which term when used in this mortgage shall in- clude any damage or taking by any gowmmental authority. and any transfer by private sale in lieu thereofl. either temporarily or permanently. the entire in- debtedness secured hereby shall at the option of the Mortgage. become immediately due end psysble. The Mortgage shall bs entitled to all compensation awards, end other paymsnri or rNief thsrolor and a hereby authorised. of iri option. to commence, spear in and prosecute, in iri evvri or the mortgagor's name. any action or proceeding rNating to any condannation, and to pills or compromise any claim in connection therowith. All wch compensation. awards, damages. claims, righri of action and proceeds end the right theroto aro hereby assigned by the Mortgages to the Mortgage. who. ahsr deducting therefrom all iri expenses, including attorney's fee, msy roksp any moneys so received by it without affecting the lien of this mortgage or may apply the same in such manner as the Mortgage shall detsmniris. to the reduction of the sums secured hereby. end to any prepayment charge herein provided. and any balance of such moneys then remaining shall bs paid to the Mortgagor. The Mortgagor agrees to execute such further assignments of any compensations. awards. damages, claims, rights of action and proceeds as the Mortgagee may require. 25. This mortgage shall be construed ss a security agreement under the f'lorida Uniform Commercial Code. 26. Other provisions: IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above written. Signed, Sealed and Delivered in the presence of: - - B RODE ' J H. BROD R - ~ ~eut/, 0 OSE • ~ 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, NORMAN BRODER and JOAN H. BRODER, his wife, and JOHN T. MOOSE, 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 1st day of May, 1980. ~ >T- Notary Public - = ~ ~.o~ My Commission Expires: State of Florida at - 1980 ~A f -2 AN 19 - ~ _ _ ~ - . = Ni ~ ~pECi;~D "j~; CIRCUIT d-f2~- _ ~ t'~>~f4lEIIIF;C9 - T_r~ _ r ' 1-- - THtS INBTRLMCriT PREPARED BY f ~ • ` BOOK " CHARLES R. P. BROWN _ - - Y ~ c 4. SOX 1t18 301 S 5r, St - <.'+T PIE'-:_= i.L"":.= -~1??