HomeMy WebLinkAbout0759 20. That Mortgages will not permit any other liens to be fiNd agaimt the said premises and if any such liens ate filed. whether paramount a subor
d~nete to this mortgage. Mortgagor will haw Or cause t0 be had said liens discharged immediately. t
21. Mortgagee shall haw tM right to charge Mortgagor's account with Mortgagee for tM interest and principal payable as provided in the promissory 4
note as such becomes dw in accOManq therewith.
22. If tM Mortgagee requpte, Mortgagor hereby covenants and agrees that Mortgagor will tumish the Mortgagee annually tram tM date of this
mortgage ir?suument, tutleaa come othN date is agreed to between tM parties in writing, a certified audited finanaal sUtement of the Mortgagor and annual
complete operating statement of Mortgagor. If tM Mortgagor's fiscal or calendar year shall not coincide with tM date heroin specified, then tM date which
the Mortgagee shah speaty shsN be controlUrtg. Mortgagor than supply Mortgagee with such other financial statements as Mortgagee may hom time to time
request.
23. It is agreed that nothing herein contained nor any tromaction elated theroto shall be caatrwd or so operate as to require the Mortgagor to pay
interest at a rate greater tMn it is now lawful in each case to contract for, or to make any payment or to do any act contrary to law: that ii any clauses a
prov~siOrls herein containers Operate Or would prwpectiwty operate t0 invalidate this Mortgage Or said Note ift whON Or in part. then. such clauses and
provisions only shall be held for naught, q though not herein contained. and the remainder of this Mortgage shall romain operotiw and in full /OrCe and effect.
24. It all or any part of the mortgaged property shall be damaged or taken through condemnation (which term when used in this mortgage shall in-
crude any damage a taking by any gowrrtnrtengl authority, and am/ transfer by prorate saN in lieu thsroofl. eitMr temporarily a permanently. the entiro in- !
debtedness secured hereby shall at the option of the Mortgagee. become immediately due and payable. The Mortgages shall bs entitled to all compensation
awards. and other payments or relict therota and is hereby authorized, at its option. to commence. appear in and prosecute. in its own or tM mortgagors ~
name. any action or proceeding relating to any condemnation. and to Ntth or compromise any claim in connection therewith. All such r~mpsnsation,
awards, damages. claims, ruts of action and proceeds and the right theroto aro hereby assigned by tM Mortgagor to the Mortgagee. who. after deducting
theretrom all its expenses, including attorney's toss, may reNase any moneys so roceivsd by it without affecting the lien of this mortgage or may apply the
same in such manner ss the MortgagM shall determine. to the reduction of tIN sums secured hereby. and to any prepayment charge herein provided, and any
halance of such moneys then remaining shall be paid to the Mortgago?. The Mortgagor agrees to execute such further assignments of any compensattoes.
awards. damages, claims, tights of action and proceeds es the Mortgagee may require.
25. This mortgage shall be construed as a security agroement under the Florida Uniform Commercial Code.
26. Other provisions.
_ f
P
i
I ~
i
f
ff
!I
` - ,
E
• :
e
i
• _
ql
i
F
'c
i
e
1 ;t
1
~ "338 ?57
3
i
c
` a