HomeMy WebLinkAbout0993 2U Tha~ Mortgago~ will nW pernut eny othar I~ens to bs Ided aea~nsl Ihe ss~d prem~ses and il any suth I~ens are ~~~ed wneN~er Naramuunt a~ Subo~
~~~aie ~o th~s mortpade. Mor~gago. w~11 hnvs or ceuss to Ds had sa~d hens d~scha~g,ed ~mmed~ately
71 Mur~ga~ee shall have ~he r~ght to c?~arge Mortga~o~ s eccount wrtf~ Mortpayee ~or tha n>~erest and pr,nc~pai paysb~p as prov~de0 ~n ~~e prum~ssOty
+u~tn ns such becomes due in accordence therewith
22 11 the Mortgagee rdquests Mortgapor hsreby covertants and agrees thst Mortgapo? w~11 fumreh the Mortgagee annuany Irom the da~e ot ~h~s
r,;oriyage mstrumem. untess some other date ~s agreed to between the parUes in wnUny, a te~Uhed aud~ted hnancial statement o~ the Mortgagw a~~~t annuai
~ o~~,ple~e operat~ng slatements ot Mortgagor If ths Mortga9or's hscsl or celend~r year shail noi co~nc~de w~~h tne da~e here~n spec~hed rhen the date wh~ch
!+~e Mortgagee shall specJy shall pe controlbng Mortpegor sha~~ suppiy Mortgsgee wrth suCh other fmancial stalemenlc as Mortgagee may (rom t~me to hme
~ equesl
?3 It ~s agreed that nothing here~n conta~ned nor any transacuon related thereto shsll be construed oi so operste as to requ~re the Mortgagor to pay
~~~ierest at a rata greatar than ~t ~s now law(ui m such casa to contract for. o~ to make sny paymant or to do any aCt contrsry to ~aw that ~t any ctauses ~r
G>~ov~s~ons herein conta~ned operete or would prospetuvely opsrate to mvel~date th~s Morigege or be~d Note m whole or in part. Ihen. such tlauses and
,,ro~~s~ons only shall be held for naught. as though not here~n contunsd, and the remamder of th~s Mortgage shetl rema~n operauve and 1n tutl torce and eHect
24 If all or any part of the mortgaeed property shall De demaged or tsken through condemnai~on Iwh~ch term whe~ used ~n th~s mortgaqe shau ~n
ci~de any damage or takmg by any gover~mentel euthonty. and any transfs? by pnvate sale m t~eu thereo0, e~the~ temporardy or permanently trie ent~re m
c;ebie~nesa secured hereby shall at the opaon ot the Mortgayee. become ~mmed~ately due and payable The Mortgagee shs11 be ent~tted to all compensat~on
a~vards. and other payments or ~e1~ef therefor and ~s hereby authonzed. st ns optio~, to tommence. appesr in and prosecute. rn ~ts own o. che mongagor s
name. any act~on or proceecl~~g relat~ng to any condemnat~on. and to ssttie or comprom~se sny cia~m ~n connecuon therew~th AI~ such :^r•~pensat~on
awards. damages. cla~ms. r~ghis of ect~on end proceeds and ths r~ght thereto ars hereby sss~gned by the Mongagor to the Mongagee. wRo. af~r:~ deducung
snerrirom all rts expenses. ~ntludmg attorney"s tees. msy retease any mo~eys so rece+ved by ~t w~ihout afferung the ~~en ot ih,s mortgage or may apply ene
same +n such manne? as the Mortgagee Shall determinp, to the reduCt~on of the sum5 SeCUrpd hereby. end to any prepayment char~e here~n prpvided. and any
t~a,ance of SuCh mongys then reme~n~ng shell be paid to ihe Mortgegor The MOrtgagOr agrees to execute such (urther ass~~r ments of any compensat+ons.
awards. damages. cta~ms. nghts o( acuon and proceeds as the Mo?igagee may ?equ~?e
25 Th~s mortgage shali be construed as a secunty agreement under the ftor~de Un~/orm Commerc~al Code
26 Other prov~sions
SEE ADDENDUM, ASSIGNMENT OF RENTS
IN WITiVESS WHEREOF, the Mortgagw has executed ihese prese~u under seal the day a~d year first above written.
S~gned, sealed and delivered in the presence of:
/ . ~ ~1' l/' •
--~~I~ - lSPal!
, e . ,w.,
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~____~s ~c~;!~ _ _ . - ~s~-~+j
. " : A't
! INDtVtDUAL ACKNOWLEDG A!T
STATE O~ V ~RIDA ~
: ss
COUNTY OF LUCIE ~
. ,
~ foregoing~~instrument was acknowledged before me this 211C~ day of ~'faY
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i9 ;~bl• ' ~,03EPfi A. I?tOS'I', JR. g,d JAttiICE T10ST his wife
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M~ Q+lriimiscion expiies: - ~ ~
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- . r ~ ' NO BLI
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GORPORATE ACKNOWLEDGEMENT
STATE OF )
_ ss
COUNTY OF _ )
The foregoing instrument was acknowledged before me this day of ,
19 , by and - - - •
respect+vely _ President and Seaetary of
. e corporation, on behalf
of sa+d corporaUon.
`J1y Co~nmission expires: aODK P~~~
_
NOTARY PUBUC
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