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20 That Matgpa w01 not psrm~t ~ny othK INns to D~ hNd ap~u?st tM ~a~d pr~rtus~s ~nd ~f any such I~~ns an f~IM, wheihe~ psramounl w subw-
;~~na~e ~o ih~s matga~. Matpa9o? vwll Mw a caus~ to b~ had s~M I~ns d~scMr~d ~mm~d~atNy.
21 Matgagss shall have ths nyht to cMrge Matp~~a's ~ccount w~th Mo+tpa~ Iw tM ~nt~rest snd pnnc~psl psyabM as prov~ded ~n th~ promissory
~~oce as such bscomss dus m accordanc~ tMrew~th.
22 II ths Mortgagee ruquests. Mort9aya h~~s~y covsnants ~~d a~NS that Mort~apor wdl turn~sh ths Matga9ee snnuslly Irom the date ol Ih~s
mortgsgs ~nstrument. unl~ss some otha dat~ ~s a~s~d to b~twNn th~ panas in writ~np. a c~nilwd aud~ted hnanc~al st~tement oi tM Mortgapa anrf annual
complets ops~aang slatements ol Mortppa. 11 ths Mortppa i fiscal o~ csl~rtdar y~a~ shall not car+c~dt wnth eM date Mnln spec~frsd, then tM dste wh~ch
cne Mor~gagse shsll spsc~h shall bs controll~rp. Mort~po~ sMll suppty Mortpapss anth such othe~ 1?nsnc~sl st~tsmsnts ~s Mortgapee may trom t~ms to t~me
requeSt
23 It ~s a9rsed that noth~np hsrsin rnnumsd na am tr~nsacteon nlatsd thereto shsll b~ constrwd a so operate as to requ~re th~ Mon~aQw to pay
~n~arest at s r~te g~estsr th~n it is now lawful m such cas~ to ca+tract fo~, or to make ~nY paym~nt a to do any act contrary to Isw. that ~I any clauses or
prov~i~Ons her6~n co~tained Op!?ats w wOUld prOSpsCtiWly Op~qts to imalidate this Mortp~ w sa?d Not~ ~n whols a ~n part, thsn. wch cl~usss and
prov~swns only sha11 bs hsld io~ nau~ht. ~s chouph not h~rsin contsined. and the nmai~dsr ol this Mortp~9s sMll rema~~ ope~stivs and in full force snd eMect.
24. If all or s~y part of the mat~p~d 1uoWrt1? sh~U be dam+~sd or taken throu9h con~Nmnstion Iwh~ch tsim wht~ used m th~s mwtyage shsll ~n-
ciude any dsmags o~ taking by any ~ovKnm~ntal authonty. ~nd aMr aanster by pnvata sak i~ li~u tMroofl. either temponriH w permanenthr. tne ent?re m-
debtednsss sscursd hsreby s1?sll at th~ option of tha Monpap~e. bscoms imm~di~tely dus ar.d p~y~ble. TAs Mort~syss sh~ll be en~itlsd to all wmpsnssuon
awards, snd otAsr psyments or rolief tMnia ~nd is Mnby wthori:sd. at its option. to comm~nce. apps~r in and prosecute. in its own or ths mort~syw's
name. any action a procssdin~ relatin~ to any condsmnetio~?. and to Nttt~ or compromis~ any cl~im in conMCt~on tM~ev~ntA. AI! wch campensatan.
awards, damspss. claims. n~hts oi action ~od procNds and tM ri~ht th~hto ah Mreby assi~rnd by th~ Mort~aqo? to ths Mott~sqss. who. ahe~ deduct~n~
thereirom sll its expensss. ~ncludinp attornsy's fe~s. may nlsass any moneys so ?~c~ived by it without aBecting tM I~e~ oi th~s mort~a~s or may apply ths
same in such manner as ths Mott~a~s sAall dstsrmins, to tM reduction oi tM wms secured hersby, ~nd to any prepayment char~e hsrein providsd. snd any
balance ot s~ech monsys thsn romamirq shsll bs psid to ths Morty~~or. Ths Mony~ya apress to executs such furthe~ assi~ msnts of sn~ compensstwns.
awards, damages. clsims, righta ot act~on and p?ocseds as tM Mort~spse may requ~ro.
25. Tfus mortgags shall bs construsd ss a sscurity agre~msnt und~r ths Florida Urnform Commer~ial Code_
26. Other provis~ons:
IN WITNESS WHEREOF, the Mort~agor has executed these presenu unde~ seal the day and year first above written.
Signed, sealed and delivered in the prosenoe of:
HIS ( ~ ) MARR . (Seal)
~ t
~ Arthur Hamm 8•p~^We~
~+yt-~~ (Sea11
~ Ivory A mm R„~•.~w'"
I INDIVIDUAL ACKNOWIEDGEMENT
~
~ STATE OF ~ORIDA ~
u
~ GOUNTY OF ST. LUCIE ~
The foregoing instrume~t was acknowledged before me this 12th dq of June ,
tg 84 , by ~ Arthur Hamm ~d Ivo Hamm his wife ,
My Commission expires:
~ ~ . ' NOTARY PUBLI
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~`.'~'?'Gl~' CORPORATE ACKNOWLE~GEMENT
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~ : / ; •~f . . . '~i~ •trumsnt wss acknowled~ed befon me this day of .
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~ respectively President and Ssa~tary of
, • aorporation, on bshalf
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My Commiuion exqres:
9~7K 435 PAGE t~7U V NOTARY PUBUC
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