HomeMy WebLinkAbout0988 2U That Mo~t,ya9or w~ll not permit any other I~ens to be hled aga~nst the sa~d prem~ses :~nd if nny such I~ens ~iie f~led whcrther ~~ar,i~ni~unt or subor
~~~~te to th~s mortyage Moitgagor will have or cause to be had sa~d hens di5chargeA ~mmed~atety
21 Murtgagee sha~l have Ihe nght to charge Mortgagor's dccount wrth Mortya,yee (or the interest and pr~nc~pal payable as {uov~ded ~~i thc, prom~ssory
~:~te as such becomes due ~n aecordance therew~th
22 If the Mortgagee requests. Mortgagor hereby covenants and agrees that Mortgayor w~ll furmsh the Morigagee annualiy from t~e date ot th~s
~uutyaye ~nstrument unless some other date ~s agreed to between the parties ~n wnung. a cerufied audrted hnanc~al statement of the Mortgayc~~ and annual
~,mplete operat~ny statements ol Mortgagor If the Mortgagor s hscal or calendar year shau not co~nc~de wrth the d3te here~n spac~hed then the date wh~ch
!he Mortgagee shall specify shall be controtl~ng Mo?tgagor shall supply Morigegee wrth such other hnanc~al statemnMS as Mortyagee may trom t~me to t~me
~.~quest
23 It is agreed that noth~ng herein contained nor any transaction related thereto shall be con~trued or so operate as to ~equ~re the Mortgayor to pay
~~~erest at a rate greater than ~t ~s now lawfui ~n such case to contract for. or to make any payment or to do any act contrary to taw. that d any ~lauses or
;~~~?visions herein contamed operate or would prospechvely operate to ~nvahdate th~s Mertgage or sa~d Note m whole or in part. then such clauses and
:~uv~s~ons only snalt he held (or naught as ihoug~ n~t here~n conta~r.ed and the rema~nder of th~s Mortgage shall rema~n operat~ve and ~n tull (orce and effect
24 I/ all or any part oi tha mortgagad property shall be damaged or taken through condemnat~on Iwh~ch te+m when used ~n th~~ mortgage shall ~n-
~ude any damage or taking by any governmental auihonty and any transfer by prrvate sa~e ~n I~eu thereofl e~ther temporar~ly or permanenNy. the ent~re ~n-
iebtedness secured hereby shali at the option oi ihe Mortgapee. become immed~atei~• due and payable The Mortga,yee shall be entnled to all compensat~on
,i,vards and other payments or re~ief therefor and is hereby authorized at rts opnon to commence appear m and prosecute in rts own or the mortgagor's
~•,~me. any acUOn or proceed~ng relat~ng to any condemnation. and to settle or comprom~se any cla~m ~n connect~on therew~th All such compensahon.
,~wards. damages. cta~ms. nghts of actwn and proceeds and the nght thereto are hereby ass~g~ed by the Mortgagor to the Mortgagee who a(ter deducung
tnPrefrom all rts expenses. including attorney~s iees. may re~ease any moneys so ~eceived by ~t wrthout aFfect~ng ihe lien o( th~s mortgaye or may apply the
ti,~~ne m such manner as the Mortgageo shali determine. to Ihe reduct~on of th^ sums secured hereby and to any prepayment charge he~ein prowded. and any
h~~iance of such moneys then rema~n~ng shall be paid to the Mo{tgagar The Mortgagor ayrees to execute such fwther ass~ynments of any compensaUOns.
,~,ards. damages. cia~ms r~ghts of act~on and proceeds as the Mortgagee may requ~re
25 This mortgage shail be cOnstrued as a Secun?y agreement under the Flonda Ur~form Commer~~al Code
26 Othpr provision5
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