HomeMy WebLinkAbout1446 20. That Mortgage will not permit ariy other Baru b ba filed against the acid premises and if any such liana aro filed. whether paramount or wbor•
dmace t0 this mortgage. Mortgagor will haw or CWN to be had Nld lieru discharged immediately.
21. Mortgagee ahaN haw tM right b charge Mortgagor's account with Mortgagee for tM interest and principal payable as provided in the promissory
note as such becomes dw M aooordanq durewith. t
22. M tM Mortgagee requests. Mortgagor hereby covenanri and agrees that Mortgagor wiU famish the Mortgagee annualb from tl+e date of this
mortgage irutrument. unless soma other dab a agreed to betvwen tM partNS in wtitmg. a certified audited finsncisl sritement of tM Mortgagor and annual
compNb operating stabntertri of Mortgagor. M tM Mortgagor's fiscal or Calendif Year shall not coincide with tM dab herein specified. then tM date which
the Mortgagee dull specify ahaN be oontrolWig. Mortgagor shall wPplY MortgagN with such otMr financial sbtemariri as Mortgagee may from time to time
request.
23. It b agreed that nothing herein contsined nor any troneactlon related theroto shall be coruuued a so operab as to roquire the Mortgagor to pay
interest at s rob grNter than it is now lawful M suds case to contract for. or to make any payment or to do sny act oontrory to law: that if any clsusN or
provisions herein contained operoti Or would proapectiwllr operob t0 invalidate this Mortgage or said Nob in whole Or in pert, then. such clauses and
provisiofle a?lt? shah be heM fOr naught es though not herein contained, and tM remainder Of this Mortgage shall romain Opewtiw and in full force and effect.
24. If all a sny part of tM mortgaged property shall be damaged a taken through oatRlerruiation lwhcch term when used in this mortgsge shay in-
clude arty damage or bking by any povernmsnW autlioriq. end any transfer by pmrate saN ~ liw thereof). either temporarily o. permanently. the sntiro in-
debtedness Nwred hereby shalt at tM option of the Mortgagee. become imrriediatNy dw and payable. The Mortgagee shall be entitled b aq oomperisation
awards. and other paymenri a relief therofor and is hereby authorised. at its option. to commence. appear in and proescub. in iri own or tM rrwrtgagor's
name. sriy action or proceeding relating to arty oorWsmnation. and to settle or oompromiN any claim in connection therwvith. All such compensation.
awards. damsgss. rdsims. righri of action and proceeds and tM right thereto sro hereby a:signed by the Mortgagor to the MortgagN, who, after dsductirp
therefrom as its expsnNS. induding attorney's fees. may release any moneys so roceived by it without affecting the lien of this mortgage or may apply the
same in such manner as the Mortpsgse dull determine, to tM roduction of the wms sscurod hereby. and to any propaynient charge heroin provided. end any
balance of wch morisys-then romaining shall be paid to the Mortgagor. TM Mortgagor agrees to azecuta wrdi further assignments of any compensations.
awards. damages. claims. righri of action and proceeds ss the Mortgagee may requiro.
25. This mortgage shall be construed as a security agreement under the Florida Uniform Commercial Code.
26. Qther provisions:
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