HomeMy WebLinkAbout0874 20 That Mortgage will not permit any otMr liens to be ailed against tM said premises end it any such liens are flied, whether paramount or subor
~I~nate to this mortgage. Mortgagor will haw a cease to be had qid liens discharged immedlatshr.
21. Mortgagee atoll haw tM right to charge Mortgagor i account with Mortgagee for the interest and principal payable as provided in the prorr:lssory
note as such becomes due in eccordanq therewith.
22. If the Mortgages requests. Mortgagor hereby covenants end agrees That Mortgage will furnish the Mortgsgse annually from the date of this
~'igaga instrument. unieu some other date is agreed to between late panic in writing, ~pO{~~~hnancai statement of the Mortgagor end annual
complete operating statements of Mortgage. It tM Mortgagor s fiscal or ealender year shall not coincide with the date herein specified. then the date which
tho Mortgages shall specify shall be controlling. Mortgagor shall wpply Mortgages with such other financial statements ss Mortgages may from time to time
request. ,
23. It is agreed that nothing herein contained nor any transaction related thereto shall be construed or so operate as to require the Mortgagor to pay
interest at a rate greeter than it is now lawful in such case to contract for. or to make any payment Or to d0 any act contrary to law: that ii any clauses o?
c~rov~sions herein contained operate or woukf prospectively operate to invalidate this Mortgage or said Note in whole a in pan. then. wch clauses and
provisions only shall be held for naught. as though not herein contained, and t11e remainder of this Mortgage shall remain operative and in full force and effect.
24. It all or any, part of the mortgaged property shall bs damaged or taken through condemnation (which term when used in this mortgsgs shall in-
clude any damage or felting by any govsmmental authority. and any transfer by private sale in lieu thsreo8. either temporarily or permanently. the entire in-
debtedness secured hereby shall at the option of file Mortgages. bsoonle immediately due and payable. Ths Mortgagee shall be entitled to all compensation
awards, and other payments or relief thsnfa and is hereby authorized. at its option. to commsnq, sppsar 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 wch compensation.
awards, damages. claims. tights of action end proceeds end the right thereto are hereby assigned by the Mortgagor to the Mortgages. who. aher deducting
tnerefrom all its expenses, including attomsy's fees. may release arty moneys so received by it without affecting the lien of this mortgage or may apply the
same In such manner as the Mortgages shall determine, to the reduction of tM sums secured hereby, and to any prepayment charge herein provided, and any
tlalance of such moneys than remaining shall bs paid to the Mortgagor. Ths Mortgagor agrees to execute such further assignments of any compensations.
awards, damages. claims. rights of action and proceeds as the Mongsgee may require-
25. This mortgage shall bs construed as a security agreement under the Florida Uniform Commercial Code.
26 Other provisions.
IN WTIi~SS LdiERDOF, the ~brtgagor has executed these presents trader seal the day and year
first abovle written.
1HIS IS A BAI~A~I M?RLC;~
Sighed, Sealed and Delivered in the CIZ'f~lS ANY Il~IC
presence f:
. By
~ C.
/y~ ~ / ident
Attest:. zr F~fi;:r"
~q/~~1~~~~y/~~~~ ~-1111111111/,
6~~~s~T;o ~~Y
d.'.O r
. M = V ~ .w~~ Q ~`K i
STATE OF FiARIDA ) ? v's''~..;.'-. 0¢~,;~
? {
GOtJNIY OF ST. IiJCIE) ~~'s A ,
~ _
I ~~E~BY ~Y that on this day personally appeared before me, an officer duly
authorized to ac~ninister oaths and take acla~owledgements, AZF.X~I~R C. POLITIS and BY1t~I
iCARSON, Presidazt aid Secretary, respectively, of CUS'iCM CTTRiIS SAIFS OCII~ANY, I~iC. , ro ,
~ me kcY~wrt to be the persons described in and who executed the foregoing instrutllent , and they
s ac:lmaaledged before the that they executed the same.
1
IN WTII~.SS WE~tDOF, I have heretnto set my hand and affixed my official seal at
Fort Pierce, said qty aid State, this ~y'~ -
day of tuber, 1980. ,,,~I.u,.j,
'
! to of Florida at f ~ `
~ ~ ~ h
~ .~l Gotlmission 13cpires : b'-l~i~:
' Not Pttbbc State of Rtxida at Large ` i7` ~ ~ `
=hy t:owRlistion Expires Narth 25. 1454 F11.E0 ANC AC -',.p~~1.A, ~ r~'/~-~ <<~"'~~'~.::
i _ ~ -
t~ •,~J°~
Cl ~ -
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tai.: ~ ~C V: ii ~1t _ ~Y. ~ t
7H13 INaTQUMENT PREPARED BY
CHARLES R. P. BROWN 3
o oox ,.,9 - - B~ a~~342 874
.