HomeMy WebLinkAbout1618 20. That Mortgages will not permit any other hens to ba filed against the said promises and if any such hens ais bled. whether paramount o? subor
:f~nare to this mortgage. Mortgages wilt haw or cause to be had said Irons discharged immediaaly.
21 Mortgagee shall haw tM right to cMrge Mortgagor s account with Mortgages for tM interest and principal payable as provided in the promissory
~wte as such becomes due in accordance tMrowith.
22 If the Mortgagee requests. Mortgages hereby eovanants and agrees that Mortgagor will furnish the Mortgages annually Irom the date of this
mortgage instrument. unless some other date is agreed to between tM parties in writing. a certified audited financial statement of the Mortgagor and annual
. omplete operating statements of Mortgagor. If the Mortgagors fiscal or calendar year shall not coincide with the d#te herein ripscified, then the date which '
the fLiortgagse shalt specify shall be controlling. Mortgages shell supply Mortgages with wch otMr fiMncial statements as Mortgagee may from time to time t
equest
23 It rs agreed that nothing herein contained nor any transaction related thereto shall ba construed or so operate ss to require the Mortgagor to pay
interest at a rate greater than it is now lawful in wch case to contract for. o? to make any payment or to do any act contrary to law: that if any clauses or
v~ov+s+ons herein contained operate or would prospsctiwy operate to invalidate this Mortgage or said Nots in whole or in pert. then. such clauses end
c,r~v+s+ons only shall be held for naught. es though not herein contained, and the remainder of.this Mortgage shall remain operative and in full force and effect.
24 If all a any part of the mortgaged property shall bs damaged or taken through condemnation lwhich term when used rn this mortgage shall in-
c I;,de any damage or felting by any gowrnmsnUl authority. and any transfer by private sale in fieu tMreof). either temporarily or permanently. the enLre in-
debeednsss secured hereby shaft at tM option of the Mortgagee. become immediately due and payable. The Mortgagee shall be entitled to all compensation
awards. and other payments or relief thsrofor and is hereby authorized. at its option. to commence, appear in and prosecute. in its own or the mortgagor's
same. any aetwn or proceeding relatirp to any eatdemnation. and to settle or compromise any claim in connection therewith. Alt such compensation.
awards. damages. claims. rights of action and proceeds and the right thereto are hereby assigned by the Mortgagor to the Mortgagee, who. after deducting
therefrom all its expenses, iriduding attorney's fees. may rebass any moneys so received by it without aNecting the lien of this mortgage or may apply the
same +n wch manner as the Mortgages shall determine. to tlis reduction of the sums secured hereby. and to any prepayment charge herein provided. and any
^a;ance of such moneys then remaining shall be 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 regwre.
25 This mortgage shall be construed as a security agreement under the Florida 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 th presence of: ON MORTGAGE
d-7u.~ /~~l.c- c~ (SEAL)
NO BRODER
' CL ~ / ' SEAL
j ~ )
JOAN H. BRODER
(SEAL)
N T. MOOSE
1960_ AUG 12 A~ i0~ OS
FItE~~Oqq~~~ItOppR~~EC~~OitDED
S RQaERCP9ITRAS~~
CLERK CIRCUIT CQU t
STATE OF FLORIDA ) RFCOttO VERlfIED_.___~_
) 495911
CAUNTY OF ST. LUCIE )
a
I HEREBY CERTIFY that on this day personally appeared before me, an officer
duly authorized to administer oaths and take acknowledgments, NORMAN BRODER and JOAN H.
BRODER, his wife and JGHN T. MOOSE, to me known to be the persons described in and who 1
i
executed the foregoing instrument and they acknowledged before me that they executed
the satoe .
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official Seal
at Fort Pierce, said County and State, this d of August, 1980.
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t~
Notary Public Z.; . ' p;
State of Florida at~ ~ ~
Notary Huf1.u. State of f?rrid t ge ,
Pit Commission Expires : mc:s,ian E+i~~re: Aiarcit 25. 1984 : ~ ,
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