HomeMy WebLinkAbout0938 _ -.-~-~_r - ( r - ^ _ -
20 That Mo~tgs~ w~ll no) ps?m~t any otMr I:sns to be f~1ed sga~nst the sa~d prem~sss srxf ~1 ~ny such INn~ ar~ I~I~d, wMtF?~r ps~~mount a wba-
~~~~~~+~n to t~~.s matqsge. Mortgepw w~ll haw or caus~ to b~ had ss~d hens d~u~srflect imm~d~ately.
21 Mortgagss shall have ths r~yht to cMrps Monyaflnr's sccount w~th Mortpaflss for the ~ntersst ~nd p.~nc?pal paYable ~s prov~dM ~n th~ prom~sawy
~ti~~~e as such bscome! dus in sccordance tMr~w~th.
22 11 ths Mortflaqss rsquests. MortyaQor Mrsby covenants snd spress that Mortqapw w~ll fur~nh tM Mortpaw~ Mnually hom tM dat~ d tf?~s
morigage ~nstrumsnt, unless some othK dat~ ~s a~eed to b~tvwen the part~~s m wnUny, a c~rtrt~sd ~udrt~d financ~d =taum~nt of tM Mo~t~Qa ~nd annual
con,u~ets operat+ng statsmsnts of Ma;papor. If tM Monp~por's t~scil a ulsndu year shall not cancaN vinth tM dat~ h~r~in sp~afNd, tlwn tM dat~ which
tne Mortgagee slull spsclfy sha11 bs cantrollinQ. Mongpor shall wpply Mongaflse anth such otMr hnanasl stat~msnn ~s Mort9a~ may hom tirr» to tim~
request
23. It ~s agrssd that noth~n~ h~ro~n contamed na sny trsns~ct?on relatsd tAersto shall bs construed w so op~rat~ ~s to ?pu1r~ tA~ Mort~apoc to p~y
:;~cerest at a rats preate~ than it is now lawful ~n such cess to contrsct for. c» to make any payment a to do sny ~ct contrsry to law: YMt if ~ny clauNS a
prov~s~ons herein conta~nad opsrat~ a would prosp~ct~wly op~r~ts to invel~date th~s Mortpafls a said Nots in whoN a in part, tt»n. wch cl~wp and
pruv~StOrls only shall be hsld for nauqht. as chouph rat I~sin conuin~d. and th~ rema~nd~r of chis Mwtga~ sha11 nma~n op~.~tiv~ and in full foro~ ~nd ~tact.
2s. I( all or any psrt ot tAs mortQa~d prop~rty shall be damapad or t~ken thraeph condsmnat~a? (which tsrm wMn ua~d ~ this mortpp~ shaU ie~-
c~ude any damags or takinq by any 9ov~mm~ntal authonty. ~nd any tr~nst~r by privu~ sals m liw th~no~, ~itMr t~mpor~rily or pKman~ntly, th~ K?tin in-
debtedness sscured hersby shall at tM option oi tM Mwt9a~se, becom~ immediatey due snd payabl~. TM Monpa~ shall b~ ~ntitNd to aN oomp~ns~tion
awards. and otMr payms~n ar nlHf tharator and is Mreby authoru~d. et ics option. to comrrunu, app~ar in ~nd pros~wt~, in its own or t~ matpapa's
n~ma. sny sction o~ proc~sdinp rslatinp to •ny condsmnation. and to settl~ a compromis~ ~ny claim in conn~ction tMrowiM. Aq wch compMSatia?.
awards. dsmpes. claims. ~9hts of actwn and procssda ~nd tM riQht tMrato ars hersby ass~qned by tM Mortya9a to th~ iNort~apsa, who, ahK d~ductinp
cne~etrom ail in expensss, includirp attornsy's ts~s, m~y nlsass any mon~ys so ret~ivsd by it without aH~ctinp tM I~tn oi this mat{is~ or rnay appty th~
sa ma in wch manner as tM Mortpaps~ iAall d~t~rmin~. to tM nduction ot tM wms s~curod Mnby, and to ~ny pr~psyms~t c~a~ Mnin prarid~d, and any
ba~ance of wch mo~sys thsn rsmsining sha8 bs psid to ths Mortpsqa. Ths Monpagor a~rees to ~xswt~ wch furth~r aui9nrt~ts of any comp~nsatans.
awards. damsges. claims. nghts ot action and prxseds as tAe Mcrtyagse may rsquirs.
25 This mortgage she!t bs construed e= ~ security agrsetnent unde~ the Floride Uniform Commerc~al Code.
26 Other provis~ons
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