HomeMy WebLinkAbout0936 ?Q The1 A1or~gayo~ wd1 not ps~m~1 sny olher i~sns ~o be 1~Ied apa~nst ~he saed p~sm~tes snd any such hens are hled wneu~er ~~drdmOUnt Or wbor
~c,~~,~~r 1o th~s morlgege Mortgspor wdl A~vs o+ uuse to bs hsd Sa~d I~e~s d~sth~rpsd ~mmed~slely
? 1 Mortpagee sna11 have the r~ght to chsrge MortQagor s accuun~ w~th Mortpagae for the ~nterest snd pr~nc~psl payabie as prov~ded ~n the prum~ssory
~~uie as such becomes Aue ~n sccordancs tAerow~th
22 11 the Mortgagee rdquests. MortgaQor here0y covsnsnts and aprees thst Mortgagor w~~l furrnsh the Rlortgagee annuai~y Irom the da~e ul ~n~s
nor~gaga ~nstrument. unless some other date ~s agrsed to bstween the p~rLSS ~n wr~U~g. a certd~ed aud~ted hnanc~al statement of the Mo; tgagor anA an~uai
;i~mplele operehng stetemenis of Mortgago~ 11 tha MortgEgor's hsui or c~lend~~ yaar shsll not comc~da wrth the date herem speuhed. tnen ihe dace wh~ch
t~~e NS~rtgagee shall spec~fy shell be controll~ng Mo~tgagor shsll supply Mortg,pee wrth such other t~nancial statements as Mortgagee may from lime to time
~P.qu9SI
23 It ~s agreed f~at noth~ng here~n coniamed nor any trsnsact~o~ related thereto shall be construed or so operate as to requ~re the iNortgagor to pay
~nierest at a rate greater than ~t ~s now lawful ~n such case to eontrect for. or to make any payment or to dc any act conlrsry to law. that any clauses or
;,rov~s~ons here~n conta~nad operate or would prospecuvsly operste to mval~date th~s Mortgsge or sa~d Note ~n whole or ~n part. then. such clauses and
prov~s~ons only shatl be held ior naught. as though not here~n contemed, and Ihe remainde? of this Mortgage shall rema~n operat~va and ~n full torce and eHect
24 If all or any part of tha mortgaged property shall be damaged o~ tsken ih~ough condamnation Iwhich term when used in this mortgage shali ~n-
clude any damage o~ taking by any governmentat authonty. and arty tranafer by p~~vate sale ~n lieu t~araofl, e~ther temporar~ly or permanently tne e~t~re ~n-
debeednass secured hareby shsll at the opt~on ot the Mortpsgea. become ~mmed~ately due and payable The Mortgagee shall be entitled to all compensation
a+vards. and other payments or rel~ef theretor and is hereby suthonzed. at its opt~on, to commence. appear ~n e~d prosecute. in its own o? tAe mortgago?'s
name. any action or proceading ralat~ng to any condemnat~on, and to settie or comprom~se any cl~~m m connection therawrth AI~ such c~rnpensat~on.
awards. damages. cla~ms. r~ghts o( act~on snd proceeds and the nght thersto ars hereby sss~pned by tM Mortgagor to the Mortgagee. who. afte~ deduct~ng
there~rom all its expenses. includ~ng attorney's fses. may releass any moneys so recerved by ~t without eHecting the lian o1 this mortgage or may apply the
same ~n such mannar a5 the Mor[gagee shall determ~~e. to the reduCt~on of the sums secured hareby. and to eny prepayment cherge here~n prov~ded. and any
balance o( such moneys then rema~rnng shal~ be pe~d to the Mortgagor. The MOrtgagor egrees to ezecute such further assi~r ments of any compensations.
avvards. damages. cla~ms. nghts of action and proceeds as ihe Mortgagee may requ~re
25 This mortgage shall be construed as a sacur~ty agreement under the Flonda Uniiorm Commer~~al Code
2s ocne~ provisions In the event this mortgage is ~::nior and inferior to any other mortgage and/or
lien on the above-described real property, and this mortgage is given with full knowledge of such
superior mortgage and/or lien, that said superior mortgage and/or lien wi13 be paid by mortgagor
in accordance with the terms and conditions thereof without regard to any grace period as contained
therein and failure to timely make any payment due thereunder will constitute an automatic default
in this mortgage and the whole of said principal sum secured hereby shall immediately become due
and payable at the option of the mortgagee. Additionally, the default in the performance of any of
the terms, provisions, covenants, or agreements contained in any superior mortgage and/or lien,
or the co~enc~ment of any action to foreclose any said superior mortgage and/os lien, shall
censititute an automatic default in this mortgage and the whole of said principal sum secured here-
b}• shall immediately become due and payable at the option of the mortgagee.
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above written.
Signed, sealed and delivered in the presence of:
' ! ` v _ lSeal?
~ - -
. James D. w'ilson 8
' ~ -
; ~I J.~ ,L~
C~-~=C~~~ _ - ~ ISE:aII
~ ~ A:.
i ! ~
~ IN UAL ACKNOWLEDGEMENT
~
~
STATE OF ~.OR7DA )
~ : ss
~ COUNTY OF S'r _ T.i1r.IF )
The foregoing instrument was acknowiedged before me this ~ day of ~ctober ,
~ v,
~g 84 ,by`' ' Jam~s D. Wilson, a sin~le adult x~ .
. . .
~Ay Commission expicas` _ 1 ~ ~
, ~ rr~.~ti~-
~ , - NO ARY PUBLIC ~
~
r
j tv.'.-• :
~ - ` ~
~ CORPORA7E ACKPlOWLEDGEMENT ~`r - ' ~~-,'~%~5
~
~ STATE OF 1 ~
~ : ss
COUNTY OF 1 ~
I
~
~ The foregoing instrument was acknowledged before me this day of , j
E
~ 19 , by and - '
~
~
~ respectively President and Secretary of
~ , s oorporation, on behalf
~
~ of said corporatian.
;
{ My Commission expires: '
~
aQ{DI( 445 pA~E NOTARY PUBLIC ~
3
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