HomeMy WebLinkAbout046720. Th~t Mort~a~a will not pKmit anq otha INns to b~ 6Nd a~inat tM said pnmis~s and it ami such li~~s ~n (iled, whetMr~pa~smount a suba-
e~nate to tAis matya~s. Mott~a~w will haw or cauN to b~ had said liau dischupsd imm~diably.
21. Mortys~ shall h~w tM ripht to charp~ Monppa's ~ccount with Mat~s~ for ths i~terest ~nd pnncipal payabh ss providsd i~ cM p~omissory
note as wch Mcwn~s dw in ~ccordanw th~nwith.
22. It ths Mortw~ requ~sts, Mort9a~ Mnb~r oov~nants ~nd wrNS th~t Mon~po~ will tu~n~sh tM Matpa~s annually trom tM date of this
mortga~s instnime~t, unless ton~ othK dst~ is a~~sd to bstwssn tM partiq in writin~. a csrtified ~udit~d financial st~t~msnt ot tM Mortyapa sod annual
complete opsatin~ stattms~ts of Mortp~por. lt tM Mortppor s 6scal o- cal~nd~- ys~r shall not Coincid~ with tM date hersin ,~psci6ed. thsn tM daa which
~he MortQa~ps shNl sp~ciiy shall bs oontrolpnp, Mottpa~w shall wpph- Mwtp~p~ with wch otMr 6nseciN statsmsnts ~s Mortgapss may trom tirn~ to time
request. .
23. It is apre~d tMt nothinp Mnin oont~in~d rar any uansaction rNated thsr~to shall bs construsd or w ope~ats as to ~squire ths Monopa to p~y
~ncerest at s rate grosts~ than it a now lawiul i~ wch cas~ to oontrsct ta. or to malu any piymsnt a to do any act contary to law: that if any clausss or
Rrov~sions herein contained operats o~ would ptwpsctivel~r opsqt~ to invaliaats this Mortas~t or said Note in whols o~ i~ pan, then, wM clausss snd
provis~s only shsll bs held for nsu9ht as Mou~h not hsrsin oontai~sd, and th~ nmair~r of this Mortpaps shall romsi~ opsratiw and in full fotcs and eNect.
24. Ii all or any pan of tM mort~~~d prop~rty shNl b~ d~mapsd a tNcen tluoupN caKlsmnation (which term whsn used m this mortpa9e shall in-
ciude any dama~s or qkinp by any ~ovwnn~ul authority. ~nd sny uansh~ by private sals in lisu thsreof). eitM- tsmporarily or psrmsnently. ths entiro in-
debtedness secured hsrsby shall ~t tM option oi ths Mort~pN. b~oortN immsdiately dw ~nd psyable. Ths Mat~s~s shsll bs entitled to all oompsnsation
awards, snd other piymenri o- roli~f tMnta a~d is hK~by authoriz~d. at iri option. to oommence. appsar in ~nd prosscuts. in ia own or ths matgagor's
name. any action or proceedinp rolatap to ~mr corwlemnation. ~nd to s~ttN a compromise arW daim in connsction tMrowith. All wch oompensetion.
awards. damagss. claims, ri~hts oi actioo ~nd p~oceecN and ths ri~ht th~nto an hsrsby sssig~sd by tM Mwtgagor to ths Mortgagss, who. after dsducting
cherefrom all ia sxpsnsss. includinp sttom~y's h~s. maY nlsase any ma»ys ao rocsived by it without aHsctiop ths lisn ot this mortga~s a msy apply ths
same in such manns- as ths Mat9a~ shsll detsrmins. to ths ~eduction ot tM wms secursd hersby. snd to any p~spayment char9s herein providsd. and any
baiance of such moneys then remsining shall be psid to ths Mongapa. Ths Mongagcx agrees to execute wcA turther assignments of any compensations.
awards. damages._claims. ri~hts ot action and procseds as ths Mortgagss may requirs.
25. This mortgage shall bs construsd as a security agreemsnt unds- the Flo-ida Unitorm Commerc~al Code.
26 OtAer provisions:
O
~0`~~347 PacE 466
_ _ _ _~.~
:~ P = - ;~
~~~~ ~~ ~~~~ _ - ~ ~~~_~y -