HomeMy WebLinkAbout0935 10 That Mortgagw wdl nct perm~l sny otMr hens to W fded epa~nsl tM sa~d pr~mia~s and i~ iny Suth henf sie I~~eA wnetne~ pa~amu~nt o~ suQO~
~~~~~.,ie ~o ~h~s mortgags Morcgaga w,U n~vs o. cwse to bs n~d s~~d hens d~uh~r~d ~mmed~stety
71 Mo~tgagee shsll have ths n9ht lo CM~pe Mortpsgo+ s~CCOUm with Mortpapse fo~ ihe mte~est and pr~nupal payable as prov~aed ~n ~ne u~um~ssory
~~ute es such Decomes due ~n actordance Iher~w~th
22 If tt?e Mortga9se ruqussts. Mwtgaflor hersoy cov~nants a~+d aerees that Mortgago~ w~~1 furms~ the Mortgagee annua~iy from tne da~e ul th~s
~norigage ~nstrument unless soms othsr dats ~s agresd to batwssn the psrues ~n wni~ng. a cert~fied audited hnancial statement o1 t~e Mortyagor dn~i dnrlud~
~omplete operaung statemants ot Mortgspw If the Mortpaga~s /~ual a calendar year sha11 not co~nude w~th the date here~n spec~f~ed t~en the date wh~ch
it~e Matgagee shall spec~fy shall be controlliny Mort9aga sh~ll supply MoRgaQee w+th such other I~nanc~al statements as Mo~tgagee may from t,me to t~me
request
23 It ~s agreed thst noth~ng hsre~n conts~ned nor any transactw~ related thereto shall be construed or so opera~e as eo requ~re the Mortgagor to psy
~~~~erest at a rate greater than rt ~s now lawful such case to contrsct for. or to mske sny paymenc w to do a~y ac[ convary to iaw iha~ ~f any dauses or
prov~s~ons here~n co~ta~ned opsrste or would prospsctwety oper~ts to mv~t~date th~s Mortgage or sa~d Note ~n whole or ~n part. then. such clauses and
pfov~s~ons only shall be held (or naught. as though not hsrs+n contained. and the rems~nder of this Mortgage shsll rema~n operat~ve and ~n full torce and eHect
24 I( all or any part of the mortg~psd propsrty shall bs demaged or tsken through condemnsuon (wh~ch term wher. used ~n th~s mortgage shall ~n-
ciude any damsge or tak~ng try any flovsmmental authonty. and any transtsr by pnvate sate ~n I~eu thereof?. erther tempora+dy or permanently me entue ~n-
debtedness secured Mreby shall at tM opUOn ot ths Mortqa{~ee. Decom~ ~mmed~ateiy due and peyab{e The Mortgsgee shall be ent~tled to atl compensauon
awards. and other payments w rslie( thsrstor and ~s hersby author~zed. at ~ts opt~o~. to commence. appear ~n and prosecute. m~ts own or the mor2gagor's
nama. any scUO~ or proceed~ng relaUng to any condemnation. and to settle or comprom~se sny cla~m ~n connecuon therewrth AV such :~r^~nsac~on.
awards. damages. cis~ms. nghts of sctwn and proceeds snd tM npht thereto are heraby sss~yned by the Mortgsgor to the Moregagee. wno. at~F:• deducung
chereirom a11 ~ts expenses. ,ndud~ng attornsy's ises. may release eny moneys so rece~ved by ~t w~thout aHect~ng the I~en ot tA~s mortgage or may aDU~v the
same ~n wch manrter as the Mortgagee sheil determi~e. to the reduct~on of ths sums secured hereby. a~d to any prepayment charge hare~n p~ov~ded. and any
balance of such moneys ihen rema~nmg Shetl be paid to the Mortgagor The Mortgagor sgrees to executa such turther assirr ments of any compensat~ons.
awards. damages. cla~ms, nghts of achon and proceeds as the Mortgagee may requ~re
25 Th~s mortgage shall be construed as a setunty agraement under the Flonda Un~form Commerc~al Code
26 Other provisions
IN WITIVESS WHEREOF, the Mortgagor has executed these presents under seal the day a~d year first above written.
S+gned, sealed and delivered in the presence of:
.
~ .
/ ~r / ~ ' ' l
_ ISeal)
~ ' Georg alidonis e , ,,,~P.
` ` c~ _1 l.~ c-`~
, - ~SE:~~)
Debra T. Kalidonis, his
*.aife h,
'i , INDIVIDUAL ACKNOWLEDGEMENT
~
~ STATE OF Florida )
~ : u
6 COUNTYOF St. Lucie ?
~
~
~ The foregoing instrument was acknowled~ed before me this 12th day of August
F ~g 88 b~,George J. Kalidonis ~d~, Debra T. jj,alidon~s, his wife
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; :v1y Commission expires: ~ , ~ ~ / C
~ :,.;:•,~:,H,,,; . _ _ . ~ Y/ - ~ r~C _
4 ~'1 NOTA~Y_'PUBLj~
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C _ ~N~Na~~ ~r ~ ~ ,
P
~
~ ~ , _:J~ \ .
~ R~`f y•: ^ y
: ~ ; ~~7 ~ ~ : v - CORPORATE ACKNOWLEOGEMENT
~ ~~~~F~~., = ~ ; ~
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' I,~VIr~O~~~~s1~~~••
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` The foregoing instrument was acknowiedged befwe me this day of ,
i 9 , by _ ~d -
~
y respectively President and Seaetsry of
~
~ ,a
corpoeation, on behalf
of said corporation.
My Commiss~on expirer.
BOL1K ~Vt~ PdGE VV•J NOTARY PUBUC
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