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20 Tt?a1 Matyayw vwN ~ot pNm~l N?y otMr !~s to W IiNO aQ~~nit tM sa~d pr~n'?~s~s and ~1 ~ny such t~?s are f~hd whetr~er p~:amount or su~w ,
,t~~,xte to IMS mwlSia~. Morlp~po~ vwN Mw a uus~ to 0~ had s~d INns dscha~p~d ~mm~atNy
2 t Matgag~~ shali h~v~ tAs r~pn~ to ch~rp~ Mortpapor s sccoun~ w~th Mo~tpapee fa tM mter~s! s~+d p~~nupal payable as p~ov~ded tne D~om~ssorY
no~n as sucA acomes dw ~n ~ctwdanc~ tM~~wUh
22 11 tM Matys~ ~dqu~sts. Mwt~Qa MrsOy cov~~ants and aaess th~t MwtQapor w~ll (u~msA ~he Mwtgagee a~nua~~y from the da~e uf th~s
i ~nortgags ~nstrumenl. unNss som~ otMr dat~ is aprs~d to b~twNn th~ p~rt~~s ~n wr~anp. s cen~f~sd aud~ted f~nanual ststemen~ ot the Mortgagor an.t annual
,:nmplete ops~ating st~t~m~nts o! Mortpagw If tM MortQa~a's hsc~l w cNendar ys~r shall not ca~c~ds w~th tM date hsre~n spec~f~ad. the~ the daie wh~ch
~r~e Mongsgss shau sp~c~h shsu bs contro~~mg Mortyapor sMll wpply Mortpa~ w~th such otMr 6nsnc~sl statemems as Mongagee may from ame to ame
r equest
~ 23 It ~s agrsed thst nothmy hsran conta~nsd no~ any tr~nsactwn relsted thsreto shaU bs construsd a so oper~te as to requ~re tne Mongaqo? to psY ~
I ~~?erest st a r~ts greats~ than ~t ~s now lawful m such csse to contr~ct fw, w to make sny p~yment a to do a~y act contrary to law. that ~f any clausss a ~
~ ':zveS!~Jl1S (1ele~l~ COrfIQ:!!?d L`FQt!!!~ L'! SS~`~•!Q ~!lCSpQClrvOly O(!G'3!@ LLT srtYg#tdits thti IV10f!g8~j£ S$:t! ~:02E tn t~:ltp:$ 8t sn part. thsn. such c~auses and -
E ~~ov~s~o~s anly shall be held tw naught. ss though not hKS~n conu~nsd. and the ~ema~nder ot th~s Monyape shaU roma~n operat~ve and ~n fuU torca snd eHect
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~ 24. If all w any pa?t ot ths mo?tga~sd ptopsrty sh~ll bs dam~gsd or t~ken throu~h condemnat~on (wh~ch term when used ~n th~s mwtgage shall ~n-
ciude sny damsgs a taking by sny governmsnal authonty, end any transis~ by pr~vste sale m lieu thereoQ. erther temporardy or permanendy tne eMue in-
deb~edneu sscu~ed hersby shall st ths opt~on oi ths Mwtpsyes. becoms immed~ateiy due and paysbie. Ths Mongagee sha11 be ent~tled to all compensat~on
awards. snd othe? paymsnts or rol~et tMrofor and is hersby author~zed, at ~ts option. to commence. ~ppesr m and prosecute. ~n us own w the mongagor's
name. eny aCtion w proCSSdmg rsletin~ to sny condsmnatwn. a~d to ssttls or tompromiss sny cia~m ~n connecbon therewrth AI~ such campensac~o~.
awards. damsges. cla~ms. nghts of act~on end proceeds and ths n~ht thereto are hereby sssi~ned by the Mongago? to the Mortgagee. who. afre~ deduct~ng '
rnereirom sll fts expenses. mcluding attornsy's tsss. may rslease amr mon~ys so rece~vsd by it wfthout aHect~ng the I~an ot th~s mongage or may apply ehe
same m such msnne~ as the Mortgagss~ahall determ~ne. to ths rsductan oi ths wms sscured hereby, and to any prepayme~t chsrge here~n prov~ded. snd any
balance oi such moneys then remaming shall be pa~d to the Mortgagor. The Mengagw agrees to execute wch further ass~~~ ments ot any compensations.
awards. damages. claims. nghts of ect~on and proceeds ss the Mortgagee may ~eqwre:
25 This mortgage shall be construsd as a secunty agreemant under the Ftonda Un~torm Commerual Code
26 bther provisions. ~
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; IN WITNESS WHEREOF, the Mortgagor has execuLed these presents under seal the day and year first above written.
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Signed, sealed and delivered in the presence of:
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` _ ISeall
~ i Donald E. Roo t e.•..,w.~
- lSeall
f1~. ~,'N!t
INDIVIDUAL ACKNOWLEDGEMENT
STATE OF Florida )
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COUNTY OF St. Lucie )
The foregoing instrument was xknowledged before me this 26th day of Sn~temher ,
19 83 ,by Donald E. Root, an unmarried adult and ' .
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My Commission expires: _ F•~~.,T .
NOTAR P BLIC ••''M
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CORPORATE ACKNO'W~EDGEMENT : ;w~~ ; ~ ; : ~:r
. ~ y i i C. I~< L'
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STATE OF 1 =-."i ~;L'" 1}, a. yti
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COUNTY OF ) 4
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The foregoing instrument was acknowledged before me this day of ,
19 , by ~d ,
respectivety President and Secxetary of
, a oorporstion, on behalf
of said corporation. _ .
My Commission expires: 413 pA~r V
NOTARY PUBLIC
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