HomeMy WebLinkAbout1163 20. That Mortgagor will not permit arty other Hera to be fiNd against tM said promises and it any such liens are filed. wMther paramount a wtar•
dinate to this mortgage. Mortgagor wiN haw or cause to be had said liens discharged immediately.
21. Mortgagee shall haw tM right to char9s Mortgagor's account with Mortgagee for tM interest and principal payabN as Ixovidsd in rite promissory
note ss such beoort?es dw in accordance therowith.
22. If tM Mortgagee requests. Mortgagor hereby covenants and agrees that Mortgagor w~l furnish tM Mortgagee annually trorrt tM date W this
mortgage instrument, unless score other data is agroed to between tM parties in writing. a certified audited firtartcial statement of tM Mortgagor and sruwN
complete operating statements of Mortgagor. N tM Mortgage's fecal a calendar year shNt not coincide with the date heroin sptacified. than the data whidt
the Mortgagee shag specify shah be oontrolNrtg. Mgtgsgor shall supply Mortgagee with such other financial ststsmsrtts as Mortgages may from time to time
request. ~ -
23. It is agroed that nothing heroin oontairted rte any trortsaction related theroto shall be construed or so operate as to requiro tM Mortgagor to pay -
~ntereet st a tats groater than it is now lawful M such case to oontroct for. of to make any psyrttent or to do any act contrary to law: that if any clauses or
provisions heroin otxttairted agents or would proepectiwly operob to invalidate this Mortgage or said Nots in whole o? in part. then. such r:lataes and _
provisions only shah be held for naught. as though not httrein contained. and tM romsinder of this Mortgage shall romain operotivs and in fuN tome and effect.
24. If all or any part of tM mortgaged proprrrty shah bs damaged or taken thratgh oortdemnation (which term when used in this mortgage shall in-
clude any damage or eking by arty governmental authority. and any trortsMr b11 private ssN in lieu thsroof), eitl~sr tsmpororily or pemtansntfy. the sntiro in-
debtedness secured hereby shah at tM option of tM Mortgagee. become immediately dw and payable. The Mortgagee shah bs entitled to all oompertsation -
awsrds. end other payments or relief therofor and is hereby audtori:sd. at its option. to commence. appear in and prosecute. ut its own or tM mortgagor's
name. any action or proceeding rslatirtg to any condemnation. and to settle or compromise any claim in connection Msrowith. All such oorrtpsnsatan.
awards. damages. claims. rights of action and procNde and tM right thsroto aro heroby sssigrtsd by the Mortgagor to the Mortgagee. who. after dsductirtg
therefrom ell its expenses. irtduding attorney's fees. may release any moneys so rerxived by it without affecting the lien of the mortgage w may apply tM
same in such manner ss tM MottgagN shall determine. to tM roduction Of the wms second hsroby. end to any prepayment charge heroin provided. and any
ba?ance of such moneys then romiining shall be Wid to the Mortgagor. The Mortgagor agrees to execute wch further assignments of any compsnations.
awards. damages. Gsims. rights of action and proceeds as the Mortgages may requiro.
25.
28. Other provisions:
es: -
IAM J. WING
. _ . ul.
W. WING
~ STATE OF FLORIDA
COUNTY OF ORANGE ~ t
I HEREBY CERTIFY that on this day personally appeared before me, an officer duly
authorized to administer oaths and take acknoxledgments, WILLIAM J. WING and JANE W. WING,
ills Wife, to me knoxn to be the persons described in and xho executed the foregoing instru-
:rent and they ackno~rledged before me that they executed the s
IN WITNESS WHEREOF, I have hereunto set my hand d fi d t J
,f ` ,
~'aitland, said County and State, this 1st day of May 19 _,;,aµ~,.tt?rH~„•„~..r.•
N t t
Rt:. State ~ 'i "
'~Y 15 ~ ~ ~7 Cofn 'on 6x0~~ ~ ~
q My coffinissionopi~itostaa.,. _ .4.~
_ 110C~e~~ S
~ fti~s, ~t=
t1~EfCX t~1117ifit t ~'s•• ljl~, Q;~
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86633
4
This Insttvment pfepafed by:
JAMES P. PANICO, EsQ. +
111 S. Maitland Avenw i
Maidafld, Flpids
3
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