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HomeMy WebLinkAbout1000 a - 1 20. That Mortgagor will not permit any other liens to be filed again:t tM said premises and if any such liens are filed. whether paramount o? wbor• d~nace to this mortgage, Mortgages will haw or cause to be had said liens discharged immediately. t 2 t . Mortgagee shah haw tM right to charge Mortgagor's account with Mortgagee for tM interest and principal payable as provided in the promissory note as such becomes dw in accordance therewith. 22. li the Mortgagee requests. Mortgagor Mreby oownanta and agrees that Mortgagor will furnish the Mortgages annwlly hom the date of this mortgage instrument, unless some otMr date is agreed to between the parties in writing. a certified audited financial statement of the Mortgago? and annual complete operating statements of Mortgagor. If tM Mortgagor s fiscal a calendar year shall not coincidt+ with the date herein rpsci6ed. then the date which i tree Mortgagee shall specify shell tw controtHng: Mortgagor shall wpphrMortgagee with such other financial statements u Mortgages may from time to time { request. 23. It is agreed that nothing herein contained nor ar?y transaction related theeoto shell bs construed a so operate as to require the Mortgagor to pay interest at a rats greater than it is now lawful in wch case to contract for, Or to make any payment Or to d0 any act oontrsry to law: that if any clauses Or prOV~S~ons herein contained operate o? would prospectively operate to invalidate this Mortgage or said Note in whole or in part. then, such clauses and provisions only shall be hekf for naught. as though not heroin contained. end the remainder of this Mortgage shall romsin operative and in full force and effect. t 24. If all or any pert of the mortgaged property shall bs damaged a taken through condemnation (which term when used in this mortgage shall in- clude any damage Or taking by any gc+vsmmental authority. and any transfer by private sale in lieu thereof}, either temporarily or permanently. the sntiro in- debtedness secured hereby shall at the option of the Mortgagee. become immediately dw and payable. Ths Mortgagee shall bs entitled to all compensation awards. and other payments or roliei thsrofor and is hereby authorized. at its option. to commence. appear in and prosecute. in its own a the mortgagor s name. any action or proceeding relating to any condemnation. end to serile or compromise any claim in connection therewith. All wch compensation. awards. damages. daims, rights of action and proceeds and the right thereto aro hereby assigned by the Mortgagor to the Mortgages. who. skier deducting cnerefrom all its sxpsnsea. including sriornsy's fees. may rokass any moneys so received by it without affecting the lien of this mortgage or may apply the same in such manner as the Mortgagee shall determine, to the reduction of the wms secured hereby. and to any prepayment charge herein provided, and any balance of wch moneys then remaining shall be paid to the Mortgagor. The Mortgagor agrees to execute such lurther assignments of any compensations. awards. damages. claims. rights of action end proceeds as the Mortgagee may require. 25. This mortgage shall bs construed as a security agreement under the Fkxida Uniform Commercial Code. 26. Other provisions: i i ~~-z V•.t - is - x•~ Yes r c, c~ f.,;~'. n~ i R Q 8~~340 P~~.OaO 3