HomeMy WebLinkAbout0605 20. That Mortgagor will not permit any other liens to be 6ted against tM said promise and if any such liens are filed, whstMr paramount or wba-
dinate to this mortgage, Mortgages will hew Or-cause t0 M had said liens discharged immediately.
21. Mortgagee :hall haw the right to charge Mortgagor's account with Mortgagee for tM interest end principal payable as provided in the promissory
note as such becomes dw in accordanq therewith.
22. If the Mortgagee requests. Mortgages Mreby covenants and agrees that Mortgagor will famish the Mortgages annually from the date of this
mortgage instrument, unless some other date is agreed to between the parties in writing..a certified audited financial statement of the Mortgagor and annual
cort,plets opsreting statements of Mortgagor. If the Mortgagor's 6scel or calendar year shall not coincide with tM date Mrsin ,ipscified, then the date which
the Mortgages shall specify shall be tontrollirtg. Mortgagor shall wpply Mortgagee with such other financial statements as Martgegse may from time to time
r9quest.
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23. It is agreed that nothing herein contained nor arty transaction related thsroto shall bs construed a so opsrots as to require the Mortgages to pay
interest at a rote greater than it is now lawful in wch case to contract ia. w to make any payment or to do any act contrary to law: that if any clauses or
Provisions herein contained operate or would prospectively operate to invalidate this Mortgt;gs a said Note in whole a in part, then, such clauses and
Provisions only shall be held forn#ught. as though not herein contained. and the remainder of this Mortgage shall remain operative and in full force end effect.
24. If all a any part of the mortgaged property shall bs damaged or taken through condemnation (which term when used in this mortgage shall in-
ctude any damage Or taking by any govsmmental authority. end any transfer by private :.N in lieu thereof). either temporarily or permanently. the entire in-
debtedness securod hereby shall at the option of the Mortgagee. become immediately due and payable. Ths Mortgages shall bs entitled to ell compensation
awards. end other payments or rolief therefor and is hereby authorised. at its option, to commence. appear in and prosecute, in its own or the mortgagor's
name. any action or proceeding relating to any catdsmnationr end to settle or cortipromiss any claim in connection therewith. All wch compensation.
awards, damages. claims. ?ights of action and proceeds end tM right thsroto aro hereby assigned by the Mortgagor to the Mortgagee. who, aher deducting
therefrom all its expenses, including ettomey's fees. may release 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 sscurod hereby. and to any prepayment charge heroin provided. and any
baiar•.ce of such moneys then remaining shall bs paid to the Mortgagor. The Mortgagor agrees to execute such further assignments of any compensations.
swards. damages, claims. rights of action and proceeds as the Mortgagee may require. I
25. This mortgage shall be construed as a security agreement under the Florida Uniform Commercial Code.
26. Other provisions: -
IN WITNESS WHEREOF, the *~(ortgagor has executed these presents
under seal the day and year first shove written.
Signed, sealed and delivered THIS IS A BALLOON MORTGAGE
in the pr epee of . .
~ (SEAL)
R I
~'d .~C~ ~ (SEAL)
STATE OF.FLORIDA )
- ~
COUNTY nF ST. LUCiE )
I HEREBY CERTIFY that on this day. personally appeared before i
me, an officer duly authorized to administer oaths and take acknowledgements
ROBERT A. ALLAN and PHYLLIS C. ALLAN, his wife, to me known to be the
person described in and who executed the foregoing instrument anc~ they
acknowledged before ~me.that they executed the same..
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal at Fort Pierce, said County and testa, this Z~~.day ~f
October, 1980. -
i -
N arY u C ? ~
ti ~ - ~ ' f '
S ate of Florid • '~d ~
My Commission Expires : ~ s?~ ~ • .
~b~~S~ ~
Iletull Pe6ic. Stale of Norida at la[~e -
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Itr Cosnaiistisoa Exptres IIA~nIt I5, i9~1 ~ - :
~.rtd~d .rSrr Iran irr Mw~rt~ bC. A ~"rf~~~'J
~9E0 OCT 21 AO SVC' 1.,.:r.;:~...
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ftLEC RHC f~fGili~itep .
ST. LUCIE COUN t Y. H A.
ROGER POITR.IS
i - CLERK ClfiClflt COtSRT~ ,
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. 504105
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