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20. That Mortgagor wiN not permit nay other liana to ba 6kid apairat tM said premises and ii any wch liana aro filed. whether paramount or wbor•
donate to this mortgage. Mortgagor wiN haw a cauaa to be had said Karts disdtarged immediately.
21. Mortgagee shah haw tM right to charge Mortgagor's account wilt Mortgagee for tM interest and principal payable as provided in the promissory
note as such bacorttas dun h aocordsnoti tltarowiM.
22. li tM Mortgsgaa requasta. Mortgagor hereby covenana and agrees that Mortgagor will famish tM Mortgagee annually from rite data of this
mortgage instnrmertt. unlgs soma other data b ageded t0 batweNt tM parties in writirp. a certified audited trnanaai statement of the Mortgagor and annual
complete operating statements of Mortgagor. Ii tM Mortgage's fain or calartda? year shsN not coincide with tM date henwt specified. then the daa which
the Mortgagee shah specify shah ba oontroNing. Mortgagor shah supply Mortgagee with such other financial stabmants ss M
ortgapee may iron time to time
request.
23. !t is agreed that nothing heroin oontairtad nor any tnrtsactiort related theroto shah be coravued or so operate as ro require tM Mortgagor to pay
~rsterest et a rate greater than it is now lawful in wch core to contract for. or to male any payment a to do arty act contrary to Isw: that N any clauses or
provisions herein oontairtsd operate a would prospectively opante to irnalidate this Mortgage or said Note in whole a in pert. then. such cleaves and
provisions only shah be held for natigltt. ss though not herein oontaMed. end tM remainder of thq Mortgage shall remain opsrotiw and in full force and effect.
24. If aN or arty pair of tM mortgaged property sMN be damaged or taken through corxNmrtatiort (which term when used in this mortgage shah in- _
elude any damage or taking by any gowrnrriantal authority. and any tramier by private sale in lieu theroofi. either temporarily or parntanently. the entiro in-
debtedness aecurod hereby thaU at tM option of tM Mortgaged. become immediately dw and payabN. TM Mortppw shah be entitled ro sN compensation
awards. and other payments or relief theroMr and is hereby authorised. at its option. to oomntertce• appear in and prosecute. in its own or the mortgsgoi s
name. any action or procee~ng relating to any oondernnation, and to settN or compromiaa any claim in corwtactiort tltsrewith. /1N such colripsngtion.
awards. damages. claims, righp of action and proceeds and the right thsroto ero hereby asserted by tM Mortgagor to the Mortgagee. who. after deducting
therefrom all its expenses. irtdtrdirq attomey'e fees. may release arty moneys so rocsiwd by it vrithout aHsctirtp the Ilan of this mortgage or may apply the
same in such manner as tM Mortgagee shah determine. to the roduction of the wms sscurod hereby. std to arty prepayment cltargs herein provided. and any
traiance of such moneys then romainirtp shall be paid to the Mortgagor. The Mortgagor agrees to execute such further assignments of any compensations.
awards. damages, claims, rights of action artd proceeds as the Mortgages may rsquiro.
25. This mortgage shall bs coratrued as a security agreement under the Florida Unitomn Commercial Code.
IN WITNESS-WHEREOF, the Mortgagor has executed these. presents under seal the
day and year first above written. •
t?ftiiu'~ t
Signed, sealed and delivered in the THIS IS A BALLOON MORT ~ ~ ~ ~
pre en a of : ~ • ....;~~s
• JACOBSON-REA, I a Flo ! ` r a =~"s_
oc-; i
n..:
~ , rY -
..c.••
- ~ c~-i /lrhtllllUp`t
Attest ~~.~Q.o~~
J R. ILEA, Secretary
STATE OF FLORIDA )
i.-
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, DONALD E. JACOBSON
and J~iN R. REA, President and Secretary respectively of JACOBSON - REA,-INC., a
Florida corporation, to tree known to be the persons described in and who executed
the foregoing instrument and they acknowledged before me that they executed the
M same. _
j IN WITNESS WHEREOF, I have hereunto set my red and affixed my of f it`~~„
at Fort Pierce, said County and State, this 2~~-day f May, 1980. ~~.~``~"t
~j','~
f _ - ' -aR~ t~~
of ry Public, State of t4 _ ~
M i i es • ~+r!? r"~c. State of Florida at d ;.b•`0° ~ ~a`~~
I y Comm ss on Expir MD Co.oessioa Eupires March 25, 1984 i~ '
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Received C)- d in PaYmeM Of T~ S~f~l •u ~ Y~l~.
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Dus Oh Class "C" irturtOibN PersoMl ~06,p~ RA5
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3 6~' 331 ~~E2778