HomeMy WebLinkAbout2476BALLOON MORTGAr,E
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20. That MonpaQor will ~-ot psrmit ~ny otMr IHns to b~ fil~d spainst tM s~id prem~ses end ~t any such Iiens ars t~led. whsther parsmount or suba
d~r,ace to th~s mon~aye. Mort~apa w~U haw a cau~ to b~ h~d said li~ns d~scha~ped immed~stsly.
21 Mort~spss sMll haw tM ri9ht to chsrps Mon~apor's account with Mortpa~s 1a the ~ntsnst and pnncipal payable ss p~owded ~n ths prom~ssory
roce as such bscomss due in accorda~ tMr~with.
22. II ths Mat~aps~ npu~sri. Mortpspa Mnby oov~nants and ~prNS that Mortpa~a will turn~sh the Mortg~pa~ e~nualty from ths date of th~s
r,~ortgags ~nstrument. unkst some otMr dab is ~preW to Mtwssn tM parti~s in writ~n9. ~ certitNd ~udited Iinancial =utsmsnt ol ths Monpa~o- and annusl
~:omplete opsrating statsments of Mortqa~. lf tl-~ Mat~~por's C~~cN or calendar ysar shNl not coincid~ with tM date M~ein ~pscifisd. thsn the dats which
~ne Mwtgagse shall spscii~r shall M controllinp. Mort~s9a shall wpply Mort~a~ with wch oth~r 6na~c~a1 statsmsnts as Monps~ss may i~om t~ms to tims
request.
23. It is a9resd that nothinp Mrsin conqined nor ~ny tn~sact~on rslstsd thereto sl»II be co~strued w so ops-ata as to roquirs the Mongagor to pay
~:~cerest at a rate greatsr than it is now Iawtut in ~uch cess to contract (a. or to meks any p~yment or to do sny act contrsry to law: that it any clauses w
c~~u~~s~ons he~ein containsd opsrate a would proapectivsly opsr~ts to invstidats ihis Mortga9e or ss~d Nots m whole a in ps-t. then, such clauses and
;,~ov~s~ons ordy shall bs held Ior nsu9At. ~s thou~h not h~~~in cont~ined. end tM rema~ncfer of thls Mongsge aha11 rema~n operat~ve and m iull torce and effect.
24. tf all o~ any part oi tM mortqap~d propsrty sha~~ bs dama~sd or taksn through condsmnation (which term when used ~n th~s mortgags shall ~n-
c!ude any damags or tskin~ by any 9owrnm~~tal suthority. and s~y trsnsisr by private sak in lieu thsreotl. either tempwanly or permanently. ths entira in-
dobtedness secured hsrsby shall at the option of tM Mwtpa~ss. becoms immsdiatsly dus ~nd payable. Ths Mortya9ss shall be snt~tled to sll compensation
awards. and other psyments or rslisf thsrstor and is Mreby authorizsd. at its option. to commsncs. sppsar in and ptosscute. in its own or ths mortgagor's
~,ame, any ection a proceeding relatin~ to s~y corxlsmn~tion. snd to settle or campromise any cla~m in connection thsrewith. All such compensation.
awards. damages, clsims. riyhts ot sction ~nd procesds and tM ri~ht iMnto are hereby sssi~ned by ths Monpaga to tM Mortgagee. who. sher deducting
cneretrom all its expensss. including snomsy's fess, msy rslsass sny monsys so received by it without sHsctiny ths I~en o( this mortgags or msy apply the
sa me ~n wch manner as the Mwtgapss shsll detsrmine. to ths rsduction ot ihs sums secured hereby. snd to any prepsyment cha~~e herein prowded. a~d any
t~aiance oi such moneys then remaining ahsll bs paid to ihs Mortgagor. The Mongagw agrees to execute wch furtMr assignments oi any compensat~ons.
~~wards. damages. cla~ms. nghts oi action and {xoceeds as the Mortgagee may ~eqwre.
25 This mwtgage shall bs construsd at a sscurity agrsement under ihe Flonda Uniform Commeraal Code.
26 Other prOViswns
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day
and year first above written. THIS IS A QALLOON MORTGAGE AND THE FINAL
PAYMENT OR THE BALANCE DUE UPON MATURITY IS
~8,923.99 TOGETHER WITH ACCRUED INSTEREST IF
Signed, sealed and delivered in ANY, AND ALL ADYANCEMENTS MAOE BY THE
the presence of• MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE.
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AUL B. HOPPER
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ANICE M. HOPPE
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SI.LUClE COUNT'f.FIF.
. aoGER ~~oitR~s
STATE OF FLORI OA ~
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CtERK CI@CUIT CCUR i ~ .
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COUNTY OF ST. LUCIE )"~"'"'~'' a" "-- _ __
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I NEREBY CERTIFY, that on this day personally appeared before me, an
officer duly authorized to administer oaths and take acknowledgements, PAUL B. HOPPER
and JANICE M. HOPPER, his wife, to me known to be the person described in and who
executed the foregoing instrument and they acknowledged before me that they executed
the sar~e.
IN NITNESS WHEREOF, I have hereunto set my han~ and affixed my
official seal at Fort Pierce, said County and State, this ~ day of March, 1981.
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NotaJ~y Publ ic ~ 1. "~~ ~ c~~`
State of Flo~~~+~t~trg~~;' ; i .
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My Comni ss ion Expi res : ~~ ~' ~nsioM ~~ ~~~ ~t ~ ' -,`~i ,.' `
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TH16 1N!'TRUMENT PREPAqEb A'I
I CHARLES R. P. BROWN
P.O. BO7( f418 301 S. 6rN ST.
F6RT PIERCE, FI.ORIDA 33450
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