HomeMy WebLinkAbout0294 20. That Mortgagor will not permit any other hens to be tiled against the said premises and it any such bens are bled, whether paramount or subor
ci~nate to this mortgage. Mortgagor wdl have a cause to bs had said bens discharged immediately.
21. Mortgagee shall have the right to charge Mortgagor i account with Mortgagee for the Interest and principal payable as provided in the promissory
Hole as such becomes due in accordance therewith.
22. If the Mortgagee requests. Mortgagor hereby covenants and agrees that Mortgagor will furnish the Mortgagee annually from the date of this
mortgage instrument. unbas some other data is agroad to between the parties in writing. a Certified audited financial statement of the Mortgagor and annual
complete operating statements of Mortgagor. If the Mortgagor's Cscal or calendar year shall not coincide with the date herein apeci(ied. then the date which
Ina Mortgagee shall spscily shall bs controlling. Mortgagor shall wpply Mortgages with such other financial statements as Mortgages may from time to time
request.
23. It is agreed that nothing herein contained nor arty transaction related thereto shall bs construed w so operate as to require the Mortgagor to pay
~nlerest at a rate greater than it is now lawful in such case to contract fa, Or to make arty payment or to do any act contrary to law: that it any clauses or
I;rovlsions herein contained operate or would prospectively operate to invalidate this Mortgage or said Note in whole or in part, then, such clauses and
provisions only shall be held fo? naught. as though not herein contained. artd ihs remainder of this Mortgage shell remain operative and in full force and effect.
24. If all or sny part of the mortgaged property shall bs damaged or taken through condemnation (which term when used in this mortgage shall in-
clude any damage or taking by any governmental authority. and any transfer by private sale in lieu thereoQ. either temporarily or permanently, the entire in-
debtedness secured hereby shall at the option of the Mortgages, become immediatsy des and payable. Ths Mortgagee shall bs entitled to all compensation
awards, and other payments or relief therefor and is Mrsby authorized, at its option, to commence, appear in and prosecute. in its own or the mortgagor's
name. any action or proceeding relating to any condemnation, and to settle or compromise any claim in connection therewith. All such compensation.
awards, damages, claims. rights of action and proceeds and the right thereto are hereby assigned by the Mortgagor to the Mortgagee, who. aher deducting
therefrom all its expenses. including attorney's less. may roleas0 any moneys so received by it without affecting the lien of this mortgage or may apply the
same in wch manner as the Mortgagee shall determine, to the reduction of the sums secured hereby. and to sny prepayment charge herein provided, and any
balance of such moneys then remaining shall bs paid to the Mortgagor. The Mortgagor agrees to execute wch further assignments of any compensations.
awards. damages. claims. rights of action and proceeds as the Mortgagee may reglure.
25. This mortgage shall be construed as a secunty agreement under the Florida Unitorm Commercial Code.
26. Other provisions:
IH WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year
first above written.
Signed, Sealed and Delivered in the
presence of:
7
(SEAL)
OSEP BOVE
t,,, ~ - d. r D ~~jj
.d . .C~ (SEAL)
EANNE'S. BOVE
i
~ STATE OF FLORIDA )
i )
COliNTY OF ST. LUCIE)
I HEREBY CERTIFY that on this day personally appeared before me, an officer duly
authorized to administer oaths and take acknowledgements, JOSEPH P. BOVE and JEANNE S. BOVE,
~ his wife, to the known to be the persons described in and who executed the foregoing instrument,
and 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 State, this 3~A~day of October, 1980. _ ~,,:y.
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S ate of Florida at i.ei< ~ ~ _
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tlotaet? Panic, State of Florida at Large
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THIS IµgT11:1M[!R pRE'A11ED BY
r CHARLES R. P. 6ROY/N
P O DOX 14•e -'O~ r• 3
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a~~~42 P~~ 294