HomeMy WebLinkAbout052020. That Matgapor will not psrmit eny othK I~~~s to bs idsd apamst ths sa~d prart-~ses and il any such I~e~s a~a hled. wMther paramoun~ o~ subor
~i~na~e to this matgsQs. MoRgago- will haw o~ caut~ to be hsd sa~d I~eos discharged ~mmad~atsly.
21. Mortyagss sl-all have ths ripht to chugs Mortpapai s account with Monpaflee tor the u~terest and M~nc~ps~ psYabte as prov~dea ~n the prom~ssory
r~ote as such becomes due in sccordsnc~ ihscswith.
22. If ths Mort~apee rsqus~n. Mortpa~a hsreby covenants and eg~ess thst Mon~apor w~11 furnish the Mortgs~ss snnwlly from ths date of tA~s
,no~tgsga mstrumsnt. u~lsss some othsr date is a~resd to b~twesn ihs paniss in writmQ. a csrtifisd aud~tsd bnsnc~sl satsr~snc oI the MoAgsga and annual
completa opersting statsme~ts o~ MortQa~a. It the Monpa~oi s fiscal or calendar year shall not coinc~ds with tRe date Mrsin upsc+tied. t1-en ths date which
ine Mo~tgagee shall specity shsll bs controllin~. Mwtpa9or shall supplY MoRQafles w~th wch othsr financ~sl statemsnts as Mortgsgee msy from t~me to time
request
23. It is agreed that nothiny hs~sin containsd na any tnnsaction relatsd thereto shsll be construed a so operats as to requirs ths Mortyagw to psy
~ncerest at a ~ate greater than ~t is now lawful in auch cess to cont~act.fa. o~ to make any payment a to do any act contrary to law: that if a~y ciauses or
~,~ov~s~ons herein contained operate or would prospect~vsly ops~ate to inval~dats this Mo~tgags or sa~d Note in whole a in psn. then. such clauses and
;~rov~s~o~s only shaU be hsld tor nsught. as thouqh not henin contained. and the remamder of th~s Mortgage shall remain operat~va and ~n fu0 taca and eHect.
24. If all or any pan of ths rtwrt~a9ed p~opa~tY sha~l be damagsd o- take~ through condemnstwn (wh~ch term whsn used ~n tfi~s mortgage shall m-
ciuda any damage o~ taking by sny government~l ~uthority. and sny tnnsfe- by p-ivate sale ~n I~su thereot-. either temporanly or permanently. the ent~re in-
c!abiedness secured hereby shatl at ths option of ths Mortpa9es. ~scome immed~ately due and payable. The Mortgagua shsll bs s~titled to all compensation
awards. and othe~ payments w rsliei thsrsfor and is hsrsby authorizsd. at its option. to commencs. appesr ~n and prosecute. in its own or the mortgagor's
name. any action o- prceeeding relating to any condsmnation. and to ssnle w compromise any claim i~ connection thsrew~th. AII such compensat~on.
awards. damages, claims. cights of sction aod procssds snd ths ri9ht thersto sre hareby sssigned by tha Mongsgor to the Mongagee. who. sfter deducting
cnerefrom all its expenses. including attomey's fess. msy robass any monsys so ~eceived by it w~thout aNecting the I~en of this rtwrtgage or may apply the
same in such manner as tM Mortgagee shall detsrmins, to ths reduction ot ths sums secured hereby. end to any prepaymenl charge herein provided. and any
t;a~ance o( such moneys then rema~~ing shall be paid to the Mortgagor The Mongaga agrees to execute wch further ass~gnments ot a~y compensat~o~s.
<,wards. damages. c~aims. rights oi action and proceeds as the MoRgagee may require
25 This mortgage shatl be construed as a secunry sgreement under the Flonda Um(orm Comme~ual Code
26 Other Qrov~s~ons:
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and
~~~~,r first above written.
5igned, Sealed and Delivered in the
:~resence of :
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~ ~: '~TE OF FLORIDA )
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~, ~i"~TY OF ST. LUCIE )
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Notary'Public , ~ _" ':~r ..~~~
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State of Florid~ at~ L~~e~~};~~~ '-~ •
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ST.LUCIE COl1YtY.f1 n.
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CLERK Ctk:.UlI CO . '.
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I HEREBY CERTIFY that on this day personally appeared before me, an officer duly
:~:tilorized to administer oaths and take acknowledgements, DEL STROUPE and BEVERLY 5TROUPE, his
~.:;~, to me known to be the persons described in and who executed the foregoing instrument,
:~:d they acknowledged before me that they executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my afficial seal at Fort
'_~rce, said County and State, this -" ~ day of January, 1981.
, Commission Expires:
No~Ntr i~e~~ c sT+-rE oF acx~c~ ~t u~
Mr co+r+Mnsio-~ Exri~s otr .~ n~~
~0l~ fFpJ GfNERl1l 1NS UPIOf~WRt1ERS
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THIS IS A BALI.OQN MORTGAGE
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(SEAL)
DEL STR UPE
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E~'ERLY ~KDUPE /~
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'-~t' INSTRUMFNT PP.EPARED SY
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3 F~~x~47 P~~E 5~7
BALLOOPJ MORTGAGE
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