HomeMy WebLinkAbout210320. That Monga~w w~ll not psrmit any otMr li~ns to b~ ~~~sd sea~nst the a~d prsm~ses and ~t any such I~ens ~re I~led. whether parsmount or suba
d~nate t0 th~s mo~tpa~. Mort~ago- w~ll h~w or cws~ to b~ had sa~d I~ens d~scAs-psd ~mmed~a~aly
21. Mat~af~ee shall havs tM nqht to chatas Monpa~o- i ~ccount with Mortpa9ss for the intersst ancf pnncipal payable as prov~dsd ~n the prom~ssory
no~e as such bscomes dw in accwd~nce thsnwrth.
22. It ths Mort~apss rsquests. Mortpa~o- hersby oovs~snts ~nd ag~ess tAat Mongagor w~ll turn~sh the Monflsflse annually from ths dats ot tMs
mortgeg~ ~nitrum~nt. u~less soms othsr dats is aaNd to Detwsen tM pa~tiss m writm~. s cen~fisd aud~tsd h~anc+sl statsmsnt oi tM Mortgsgor and annual
complete opsatinq stateme~ts of Mortps9or, li the MortQa~oi s fiscat a cNendar year shall not coinude w+th tM dats hers~n specibed, then ths dats which
ine Mongagee shs11 spscify sha11 bs controllinp. MatQa9a ~hNl wpply MortQapse vmth such oths- bnanc~al sutsment~ as Mortgs9es may from tims tu time
~ByuBSt.
23. It is ag~ssd that nothing herei~ containsd rwr any transsct~on rslsted thereto shall be construed or so operate as to -squira the MortgsQo- to pay
~ncerest at a rats greater than it is now lawful in such cass to contract fa, or to maks any psyment or to do any act co~trary to law: ihat if any clauses a
Urov~s~ons herein contained operate a would p-ospectively operats to invalldate this Mongaga or said Note ~~ whole a in pan, then. such clauses snd
p~ov~sions only sha~~ pe hsW (or na~~ght. ss thou9h not hsrs~n contsined, snd tM rsma~nder ot this Mongags shall remain ope-ative and in tull torce snd eNsct.
~ 24. 1f all or any paA ot ths mortg~ysd property shall bs damaQed w tsksn through condemnation (wh~ch term when used in this mortgags shstl in-
c.ude any dams~e w takin9 by aM/ govsrnmental euthority, and any tranafer by pnvate aals ~n t~eu thereot-, either temporanly w permanantly. the sntire in-
debtedness seCUrad hereby shall at the option of ths MortQagse, bxome immsd~atsly due and psyable. Ths Mongages shall be ent~tled to sll oomps~sation
awards. and other psymeots or roliei thersfor and is Mrsby autlwnzsd. at its option. to commence. appear in and prosecuts. in its own or the mortgagor's
name. any action or procsading rstatinq to any condsmnation, and to ssitk w comprom~ss any cla~m in connection therewith. All such compensation.
awards. damages, claims. nghts of actio~ and procseds and ths right thereto sra hereby ass~gnsd by the Mortgago- to the Mortgagee, who, aher deduct~~p
cneretrom all its expenses. including sttw-~sy's fess. may releass eny moneys so ~ece~ved by ~t without affecting the lien ot th~s mortgage or may spply ths
sa me ~n suth manner as the Mortgages shall dets~mins, to ths rsduction ot ths sums secured hereby, and to eny prepayment charge he~em provided. end sny
bafance ot such moneys ihen remsining shsll be paid to the Mortgagw. The Mongaga agrees to execute wch turther ass~gnments ot any compensations,
dwards. damages. cla~ms. rights ot action and proceeds as ths Mongagee may reqwre
25 This mortgage shat~ be construsd as a sscurity agreement under the flonda Umform Commercial Code
26 Othet provisions:
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