HomeMy WebLinkAbout0975 20. That Matpapo? will not p~mnit anY oth~r li~ns to ~ 61~d panst tM sa~d phmis~s and '+f snY such 1i~ns sa i~Nd. wMtt+K paramount a wba•
d~nan co this mortpap~. Mortppor wili Mw a c~us~ to b~ had s~id li~ discha~psd fmm~di~ufy.
21. Mortpa~ shalt hsw tM ri~ht to chup~ MortQpor's aecount with Matpsp« for th~ int~nst and principal paYobN u Pn?vid~d in tM promissory
nots ss such bacomss dw in accordano~ th~nwith.
22. If tM Mortqa~ nqwats. Mortpa~or Mnb~? covM~nts ~nd p?s~s tMt MortpaQa will furnish tM MatQapN ~nnually hom tM dat~ d thit
mort~s~s instrumont. unbss som~ otl~ dat~ a ~~Nd to b~twa~n tM psni~s i~ wntinp. ~ c~rtiCNd iuditsd financial stst~mMt oi ths Monppor ~nd snnual
compiste operatiny ststertronts ot Mort~por. lt tM Mort~por's 6scs1 or cal~ndu y~u ~N not coincid~ with tM dat~ Mnin rp~cAied, tMn tM dsn which
ths Mortgspss shall apsciry shall b~ conuollinp. Mortge~or sha~~ wpPh? Monpapss with wch oth~r finsncial sUtsmMn as Mortp~~ msy trom tim~ to tirn~
request. -
23. It is ayrsed that nothinp hKein cont~in~d rror ~ny tranqction relatsd thsreto shsll bs construsd a so oPsnte as to rsquire ths Mortyspa to pay
mtereat at a~acs grsatsr than it is now lawful in such cass to contact tor. or to maks eny paym~nt or to do any sct contrsry to liw; thst it e~y clauses w
provisions here+n containsd operats a would pro~psctivsly opsr~t~ to invNidate this MortpaQs a said Nots in whots or in pan. ths~. such ctsusss and
prcvisiens onty shsll be hsld for nau~ht. ~s thouph not Mroin cont~in~d. and tM remsindsr ot thia Mortpape shall rsmain ope~ativs and in full fonoe and et(ect.
24. It sN or any psrt of ths mortya~d propKty shatl b~ damaQsd or qksn throuph corxiemnstion (wh~ch tsrm wher~ ussd in this mortsap~ shall in-
clude any damsgs o? ukiny by sny ~owmmsnul ~uthority. and any transhr bY p+ivets ak ~n liau tt?ereotl. aitha~ tempo~anly or psrmsnsntly. the enti%+n-
dabtednsss sacursd hsreby sl+alt at ths optio~ of tM Mort~apN. b~cams immediately due and p~yeW~. Ths Mort~a~ss shall bs entitlsd to sll comps~sation
awacds, and other paYmenn o~ rolisl thsrefor snd is hsrsby authoritad. ~t its aption. co commsncs. appear in and prosecuts, in its ovm or ths mortqa~or's
nams. any action or procssdinp rNetiny to sny condsmnstia~, end to ssttle or compromise a~y claim in Connectio~ iherewith. A11 such comPsr~sacion•
awards, dsmages, claims. nghts oi action and proc~sds and ths right tMnto ars hereby assiqnsd by ths Mo~tgaga to ths MonDaqse. who. afts? dsductinp
therafrom all its exps~ses, inctud'+rp attomsy's (ess. mey rolsass sny mon~ys so rocsived by it without affsctiny ths lisr of Mis mortgaps a may spply ths
same ~n such mannsr es tM Matgagss shall detsrmins. to the rsduction oi ths sums secured hersby. and to sny prepsyment charge hersin providsd. and sml
balanca of wch moneys then remainin~ shsll De paid to tM Mortgspor. Ths Mortgagor agrees to execute such furthe~ assignments of sny compensations.
awards, damages. claims, rights of action a~d proceeds as tha Mangagee msy require.
25. This mortgage shall be construed as a security sgroement under the Florida Unltorm Commerciel Code.
26. Other provisions:
None
~
~
~
i
~
@
f
i
~
~
s
8
~
~
~k
1
'
E
f '
Lt
1 ~f1~! f1"~ ~
a00K eh~ll P1rE J 1•J
C 3 _
~