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Home My WebLink About0957 1 20 That Moitgagor w~ll not perm~t any other I~ens to be t~led aga~nst the sa~d prem~ses and if any such I~ens are (~ied. whethar pe+amount or subor- ~ ,i natz to this mortgage. Mortg~gor w~ll have or cause to be had sa~d I~e~s discharged ~mmed~ately 21 Mortgagee shalf have the nght to charge Mortgagor's account w~th Mortgagee for the ~nterest and pnnc~pal payable as prov~ded ~n the prom~ssory -.~ce as such becomes due ~n accordance therewrth 22 I( the hlortgagee requests. Mortgagor hereby covenants and agrees that Mortgagor wiU furrnsh the Mortgagee annuatly irom the date oi th~s n~c~rtgage ~nstrument. unless some other date is apreed to betwoen ihe parties in wnt~ng. a cert~(~ed aud~ted financial statement of the Mortgagor and ennual :~.~mplete operat~ng statements ot Mortgagor. If the Mortgagor's fiscal or calendar year shall not coinc~de with the date here~n spec~fied. then the date whi;,h . ~ne Mortgagee shall spec~iy sheli be controlii~g Mortgagor shail supply Mortgagee wrth such other fmanual statements as Mortgagee may trom lime to time ~equ8st 23 It is agreed that ~othing hete~n conteined nor any transaCt~on related thereto shall be construed or so operate as to requve the Mortgagor to pay ~~;erest at a rate greater than rt is now lawtul ~n such case ro contract for. or to make any payment or to do any act contrary to Iaw: that rf any clauses or ,~ov+s~ons here~n contained operate or would prospectrvely operate to mvahdate th~s Mortgage or sa~d Note ~n whole or ~n part. the~. such clauses and oruv~s~ons only shall be held tor naught. as though not herein contamed. and the rema~nder of th~s Mortgage shait rema~n operat~ve ano ~n (utl force and eHect. 24 If all or any part ot the mortgaged property shall be damaged or taken through condemnation (which term when used in th~s mortgage shali ~n- :Jude any damage or takmg by any governmental authonty. and any transfer by pnvate sale m lieu thereoil, erther temporanly or permanently, the enUre m- :iebtedness secured hereby shail at the opt~on of the Mortgagee. became immed~ately due and payable The Mortgagee shall be ent~tled to all compensation ,3~vards. a~d other payments or relief there(or and is hereby authonted. at ~ts option. to commence. appear in and prosecute. ~n ~ts own or the mortgagor's i ~ame. any action or proceeding relating to a~y condemnaUOn. and to settle o? comprom~se any cla~m m connecuon therew~th All such compansaUOn. , awards. damages. claims. nghts of action and proceeds and the nght thereto are hereby ass~g~ed by the Mortgagor to the Mo~tgagee. who, atter deducting t~ere(rom all its expensas. including attorney's fees. maY ~elease any moneys so recerved by +t w~thout affect~ng the hen of this mortgage or may apply the ~ ~;~me m such manner as the Mortgagee shall detArmine. to the reduct~on of th~ sums secured hereby. and to any prepayment charge here~n prov~ded. and any , ba!ance oi such moneys the~ rema~rnng shall be ~a~d to ihe Mo~tgagor The Moregagor agrees to execute such further assignments of any compensahons. ~ ~~~ards damages. cla~ms. nghts of action and proceeds as the Mortgagee may reqwre 25 This mortgage shafl be construed as a secunty agreement under the Flor~~a Un~torm Commerc~al Code 26 Other prov~sions "This mortgage is assumable only upon written consent oL Southeast Bank and the bank shall have the option at its sole discretion to increase the interest rate on the existing obligation at the time of assumption". ' ~ ~ _ ~ t 3 E ~ ~ F F ~g S ~ ~ S ~ ~ ~ ~~i ~ t ' ~ ~ ~ ~ a _ ~ ~ 4 ~ E ~ ~ ~ i ~ ~ ~ ao~K448 P~GE 9~ ~ 3 . - ~ ~ ~ ~ ~v5:~ b.. °.:tJ~" ~ n~=3'' ~::aa _ 7f-r'~ 'C~ ~~h ~