HomeMy WebLinkAbout0972 20 Tha~ Murtyayor w~U nal pe~m~! any olAer hsns Io W h~sd ~ga~~st 1M sa~d p~~m~ses and ~i any such ~~e~s +re fileA wneinrr ~,a~amou~~t or ~ubor
~~:~~,~~a tu th~a mo~lpege Mortgagor w~u ~aw o~ uuse to be h~d sa~d I~sns d~sch~rped ~mmed~slely
? 1 Mortpayee s~all Aave t~e r~ynt tu cnuge MortpsQor s accoun~ w~th Matpapee for tne ~nlerest and pr~nc~pai payaoi~ as p~ov,ord +n me pn;m,~so~y
~~o~e as suc~ becomes Aue ~n accorQence therow~Ih
22 11 ~he Mongages r,~u~sts Mortgagor hsreby covsnsnts snd ayrees thst Mortpagor w~ii turn~sh the tNortgagee annud~~Y }~um ine Aa~e uf t~~s
~»origage +nstrumen[ unlass wme othsr ds~s ~s aflreed to b~twsen tM paruss ~n wnanp. a csrt~fied sudrted hnanasl s~s[ement ot the Mor[yayo~ ann annual
cumptero operaang statsments of Mortgapa If tM Mortyaflor s I~usl or calend~r ysar shall not co~nude with tne dete herem speafied then the Aate wh~tA
~~~e Mortgsgee shall spec~fy shall be controlling Mortgagor sAall suppiy Mortgapee w~tA suc~ other f~nanc~el statemenis as Mortgagee may from t~me to t~me
request
23 It ~s agreed that noth~ng hers~n Cont~ined nor ~ny trsnsactwn related thereto shsll ba construed or so ope~ate as to requ~re the Mo?tgagor to psy
~n~erest at a rate greater than ~t ~s now lawful ~n such cass to contraet for. or to mske sny paymsnt w to do a~y act contrsry to law. [hat ~t any clauses o~
prov~s~ons hera~~ co~tamed operate or would prospsctwsly operate to ~nvsl~date th~s Mortgage or sa~d Note ~n whote or ~n part thsn such clauses and
prov~s~ons only shali be heid for naught. ss though not hsre~~ conu~ned, and the rema~nder of ih~s Mortgsge shaii rema~n operat~ve and ~n tull force and eNect
24 if all or any part of the mort9aged propsrty shall De damaged or takan through condemnation (wh~ch term when used ~n th~s mortgage shall ~n-
~iude any damage or tsk~ng by any governmental authonty. snd any transfer by pnvats sale ~n t~eu thereotl. e~ther tamporar~ly or permanemly tne ent~re m
debtedness secured hereby shall at the opt~on of the Mortpagee. become immed~stely due and payable The Mortgagee shall be ent~tted to all campensat~on
awards. and othe? paymants or rel~ef therefor and ~s hereby authon:ed, a! its opt~on. to commsnce. sppesr ~n and prosecute. ~n ~ts own or the mongago~ s
name. any act~on or proceeding relat+nfl to ~ny conCsmnat~on. and to settle or comprom~se a~y claim in connection theraw~th AI~ such ,:~r~~>ensat~on.
awards. damages. cla~ms. nghts o/ act~on and procseds and ths r~ght thereto are hereby ass~Qned by tAe Mor[gagor to the Mongagee. who af~c.~ deduc~~ng
~hereirom all its expenses. ~ncluding attorney's fees. msy release a~y moneys so recs~ved by ~t w~thout aHect~ng ~he I~en ot th~s mortgage o~ may aDD~v the
s~me ~n such manner as the Mortgagee shall determ~ne. to the reducuon o( tM sums secured hereby. snd to any prepayment charge here~n prov~ded. and any
balance ot such moneys then rema~rnng shail be pa~d to the Martgagor The Mortgagor agrees lo exeCUte SuCh further ass~rr ments of any compe~~sations.
awards. damages. cla~ms. nghis of ect~on and proceeds as the Mortgagee may requ~re
25 Th~s mortgage shall be construed as a secunty agreement under the Flor~da Un~form Commerc.~al Code
26 Other prov~s~ons
IN WITNESS WHEREOF. the Mortgagor has executed these presents under seal the day and yea~ first above writtEn.
S!qned, sealed and delivered in the prxsence of:
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i ~ ames M. Lindsey , ~ e.. "~P.
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, ~ INDiVIDUAL ACKNOWLEDGEMENT
f STATE OF Florida ~
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~ COUNTY C~F St. Lucie )
~ The foregoing instrument was acknowledged before me this 15th day of Aurnist ,
is 83 ,by James M. Lindsey and A. L' his wife .
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~ My Comrssisst'Ori ~~ua~,~; ~ , .;i
- ~ ~1`~-~-, ~cLx~~--~,
~ . _ :'J w•°'•••••., NOTARY t~18LIC ~
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y, ~ a _,y .
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~ - • ~ ~ ' ~ ' CORPORATE ACKNQWLEDGEMENT
? STi4;f~'U~.,; ' ' ~ - 1
° COUN Y• . ~ 1 ~
The foregcsing instrument was acknowledged before me this day of ,
~ 19 , bY snd .
~ respectively President and Secreiary of
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~ , s oorporation, on behalf
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of said corporation.
My Commiss~on expires: ~ P~E
NOTARY PUBLIC
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