HomeMy WebLinkAbout124520. That Mortqa9w will not psrmit an~ otMr lisru to b~ filsd ayainat ths said prem~s~s and ~f any such I~ens era 61ed. whethe~ paramou~~ or subw
d~nate to this matgays. Mortppa will haw or cause to b~ Aed ss~d I~ns discMrpsd immed~atsly.
21. MortQsqss ahall haw th~ n9ht to chu~ Mortga~oi s sccount with Mort~a~ss for ths Mta~sst and pnncipal payabte as prowded in the prom~ssory
noce as wch becomes dus in accadsna tM-swith.
22. It ths Mort~agss -pussts. MoKya~ hsnby covM~nts and a~ees tAat Mortpa~ will furnish the Mortgagee annually trom the date ol ihis
mortgags insuument, unlsss some otMr dat~ is aprs~d to bstw~sr- ths paniss in writin~. a csnii~ed euditsd 6nancisl ststemeot of the Mongago~ and annual
complate ops~ating statsmsnri oi Mortpa~a. li tM Mo~t~a~oi ~ fiscel or calendar yesr sha11 not coincide with ths date hsrsin .psc~fied. then the dats which
tne Mortpa9ee shall spscifr shaN b~ controllin~. Mortp~po~ shall wpply Mat~a~ss with wcA otl~ 6~sr+c~al statements as Mongsgee msy f~om time to time
request.
23. It is sgresd that nothinp haein contained nor eny transsctwn rel~ted thsreto shall bs construsd or so operata as to reqw~e the Mongsgor to pay
~ncerest at a~ats greatsr than it is now lawful in wch csss to contract fa. or to msks any payme~t w to do any act cqntrary to law: that it any clauses a
prov~s~o~s herem contained ops~ats or would prospsctively opsrate to invslidate this Mortgege a said Note m whole or in part. then. such ctauses and
prov+s~ons only shall bs Mld lot naught. as thou9h not M~sin oontained. and ths remainder oi thls Mortgage shall remain operative and ~n full torce and eHect.
24. It sll or sM- part oi ths mortgaped propsrty shall be dsmagsd or tsken through condemnation (which term when used in this mo-tgage shall in-
ciude any damags w taking by an~ 9ovsmmsntN authaity. snd any t~anstsr by p-ivate sale m I~eu thereo(-. either temporanly or permanently. the entire ~n-
debtedness secured hereby shsll at ths option of ths Mortpa9ss. bscome immsdiately due and payable. The Mongagee shall be entitled to all compensation
awards. and other payments o- relisi thsrsfor ~nd is hereb~r authorized. at its option. to commencs. appear ~n and prosecute. in its own or the mortgagor's
name, eny aCtiOf1 O~ p~OCeeding rslating to arry condsmn~tion. and to settle or compromiss amr claim in connection therewith. AII such compensation. ~
awards. damages. claims. rights ot action a~d p~ocssds and ths right thsroto are haraby ass~gned by the Mortgagor to the Mongagea. who. after deducting
tnere(rom all its expenses. including attomey's tees. may rslsase any moneys so received by it vinthout affecting the lien ot this mortgage or may apply the
same m wch manner as the Mortgages shall dstsrmins. to ths rsduction ot ths sums secured hereby. and to any prepayment charge herein provided. and any
balance of such moneys then remaining shall bs paid to ths Mortgagw• The Mortgagor agrees to execute wch furthe~ assignments ot any compensations.
aw-ards. damages. cla~ms, rigAts of action and p~oceeds as tha Mongagee may requ~re.
25. This mortgage shall be construed ss a sscuriry sgreement unde~ the Flonda Umtorm Commerc~al Code
26. Other provisions:
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and
~•ear first above written.
Signed, Sealed and Delivered in the
presence of:
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STATE OF FLORIDA )
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COUIVTY OF ST. LUCIE )
THIS IS A BALLOON MORTGAGE
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"`-~`~ ~-{SEAL)
J I. MINIX f
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MA~ILYN MII~'~C /
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I HEREBY CERTIFY that on this day personally appeared before me, an officer duly
<~uthorized to administer oaths and take acknowledgements, JAMES I. MINIX and MARILYN J. MINIX,
nis wife, to me known to be the persons described in and vho 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 officia2 seal at Fort
~'ierce, said County and State, this ~~ day of January, 1981. -~. _.
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:•iy Commission Expires: ~~~,A~~,~ V ~~~~/~~y
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~ .r+1g ~NSTRUMENT PR[PAR`-~ BY
GHAi2LE5 R. P• G'i C'iWPI
= o. eox 1~19 - 301 s. c•t~~ sT.
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Notary Public _~ ~",~~ ~,p~ :,~: c~ ~:;~~,
State of Florida at Larg~ ~~ y;.~,-~ =~??'' ~
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BALLOON MORTGAGE