HomeMy WebLinkAbout0929 ?O Thal Mortgayo~ w~ll ~iot penm! eny uthsr I~ans to te fded ageinst Ihe sa~d pramises bnd d sny SuCh I~ens arr, fiied whrl~~er ~~ararr~;,,,n~ u~ sutw•
~+.+~n tu th~s mottgaNe Mortga{}or w~ll have or ca~se to ba Aad se~d I~~ns discha~ged ~mmed~ately
2 1 Murtyayee shall nave the nght to charge Mortgayor s account w~tA Mo~tpegee tor the ~r~ter~st and pr~nc~pa~ payabie as p~ov.Aed +r. fhe ~~~umr~sO~Y
-~c,~N as sui:h Oecomes due ~n accordance therewrtA
22 If the Mortgagee rdQuests. Mortgaeor hereby covenants and aqrees tnat Mortgagor w+l! lumish tne MO~tgagee dnnually lrum fne clate o} Ih~s
~nurtyaye ~nstrument. unless some other date ~s agreed to between the peruss ~n wnt,no a cernhed audued hnanc~a~ statement of tne M~rl,yayor e~~n annual
,.,~nplete operat+~g statements of Mort~agor If Iha Mortgsgor's ~~scal or calendar yeu shall not co~nc~de wrth the date here~n specd~ed then the daie wh~ch
~t~e Mortgagee shall spec~fy shall be controll,ng Mongagor shatl supply Mortgeges wrth such other f~nenc~al statements as Mortgagee may from ~~me fo t~me
~equest
23 It ~s agreed that noth~ng here~n conts~ned nor any iransachon relsted thereto shall be conslrued or so operate as to requ~re the Mortgagar to pay
~}~erest at a rate greatar than ~t ~s ~ow lawtul ~n such case to contract for. or to mske any paymant or to do any act contrary to law. t~at any clauses or
;~ruv~s~ons he~ein Canta~ned pperate er would prospectwely operaee to ~nval~date ih~s Mo~tgage or sa~d Note ~n whole or in part then. such ciauses and
v~uv~s~ons only shall bo held for naught. as though not here~n conta~ned. and the rema~nder ol th~s Mortgaae shall rema~n ope~at~ve and m full force and eHect
24 II all or any patt uf ihe mortgeged ptOperty shell be dameged or taken through corldemnat~on (which term when used ~n this mongage shall ~n
c~ude a~y damage or tak~ng by any governrnent~i authonty, and any tra~sfer by pnvate sale ~n l~eu thereot). e~ther temporanly a pe~manenfly tne entue m-
dabtedness secured hereby sAall st the opt~on ot ths Mortpagee. Decome ~mmed~ately due and payable The Mortgages shall be ent~tled to aii componsat~on
awards. and other payments or rel+af therslor and ~s hsreby author~ieo. at ~ts opt~on. to commence, appear ~n and prosecute. ~n ~ts own or the mortgagor s
name. any act~on or procee~~ng relat+ng to sny eondemnai~on, and to settle Ur comprom,se any cla~m ~n connect~on therew~th AD such :~r••pensa~~on
awards, damsges. cla~ms. nghts of action and proceeda and ths nght thereto are hereby ass~gned by the Mortgagor to the Mortgagee. who, af~~;~ deduct~ng
!nereirom all its expenses. ~nclud~ng attorney's feas. may rslease any mo~eys so rece~ved by ~t w~thout aHect~ng tt~e I~e~ of th~s mortgage or may app~y the
sarne ~n such man~er as the Mongagee shall determ~ne. to the reduct~o~ o( tAe sums secured hereby. snd to sny prepayment charge here~n prov~ded and any
ha~ance o( Such moneys then rema~ning shall be pa~d to the Mortgagor The MOrtgegor agrees ta exetute Such (uriher ass~~r ments of any Compensat~ons.
awards damages. cla~ms. nghts af acuon and proceeds as the Mortgagee may reqwre
25 Th~s mortgage shall be construed as a secur~ty agreernent under the Flor~da Un~(orm Commer~~al Code
2S Other prov~s~ons
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fN WITNESS WHEREOF, the Mortgagor has executed these presents under sea! the day and year first above written. ~
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Sagned, sealed and ~elivered in the presence of: 1
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- - - ~ w _-^~~:~-t ~'~--v - - ( S e a ~ )
aro iams .
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~ ' DeZores Williams, his wife H ~o
lNDtViDUAL ACK(YOWLEDGEMENT
STATEOF Florida ~
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COUNTYOF St. Lucie ~
The foregoing instrument was acknow~edged before me this 2~th day of ~ " _
~9 83 ,by Caroll Wi2liams ~d Delores Williams, h~s wff'~_
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My Commission expires: " i , I~~
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OTARY PUBLtC " ~ ~
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CORPORATE ACKNOWLEDGEMENT ~ ~ ~ . .
STATE OF l ~ -
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COUNTY OF ?
The foregoing instrument was acknowled~ed before me thiz day of ,
19 , by _ _ and
respectively President and Seaetary of ,
• a corporation, on behalf
of said corporation.
~~1y Commission expires: i~~ - `
a~~ PAGF NOTARY PUBLIC
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