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Home My WebLink About0988 20 Tha~ Mortgagor wdl not perm~~ sny other I~ens to be Ided egs~nst the sa~d prem~ses snd any such hens sre hled whetner pgramouM o~ subor ",ie to ~h~s,mortpage. Mortgegor w~lf have or causs to bs ~sd sa~d I~ens d~scharQed ~mmed~ately 11 Mortgagee shall have the nght to charge Mortgagor s~ccount w~th Moripsgee for the ~nle~est snd pi~iic~yui yeyabM as prowAed ~n the prom~ssory noie as such becomas due ~n accordsnce Iherow~th 22 It the Mo~tgagea rdques~s. Mortgagor hereby cove~ants and sgrees that Mortgsgor w~11 furn~sh the Mortgagee annually irom ~he date of th~s „o~tgage ~nstrument. unless some othsr dats ~s agroed to bstwsen the part~ss ~o wnung. a ceruf~ed aud~ted financ~el statement of the Mortgagor anrl annual rompiete operaung statements of Mortgagor If the Mortgagor's (~scsl or talendar year shall not canc~de w~th the date here~n speafied, then the daca wh~ch ~r~e Mortgayee sha11 spec~fy shall be controll~ng Mortgagor shall supply Mortgayee wilh such other t~nancial statements as Mortgagee may fron, time to t~me request 23 It ~s agreed thet noth~ng here~n conta~ned no? any trensact~on ~e~.:ac :`acato shall be construed or so operate as to requ~~e the Mortgspor to psy :n?erest ai a rate greater than rt ~s ~ow lawful ~n such case to contract (or, or to meke any payment w to do sny sct contrary to law. thst ~f sny clauses or o~ov~s~ons here~n conta~ned operate or would prospecuvely oper~te to mvsl~dste tA~s Mortyage or sa~d Note ~n whole or ~n pan. then. such clauses end ,,rov~s~ons only shal! be held lor naught. as though not hsram conta~~ed. and the rema~nder of th~s Mortgsge s~a11 rema~n operat~ve and ~n fuil torce a~d aHsct 24 If all or any part of the mongagsd propsrty shall be damaged or teken through zondemnauon (wh~ch term when used ~n th~s mongage shall ~n- clude any damage o~ tek~ng by any gover~msntal suthor~ty. and any transfsr by pr~vate sale in lisu thareof). a~ther temporar~ty or permsnently. ~ne ent~re ~n- debtedness secured hereby shall at the option oi the Mortpapee. bscome ~mmediatsly due and payable The Mortgagee shall be ent~tled to all compensat~on awards. and other payments or rslisf therefor and is hersby authon2sd, at its option. to commsncs. appear ~n and prosecute. ~n ~ts own or the mortgagor's name. any action or proceedmg rolatin~ to any condemnsnon. and to sattle or compromise any cla~m in connect~o~ therow~th AI~ such campensetwn. awards. damages. cls~ms. nghts of action ar?d proceeds and ths nght th~reto are hersby assiyned by ths Mortqa~or to the Mortgagse. who. aftE• deduct~np cnereirom all ~ts expenses. ~nclud~ng attornsy's fses. may rsleass any moneys so rece~vsd by it w~thout aHect~ng the I~e~ of th~s mortgsge or may apply the ~ame ~n such manner as tM Mortgagse shalt dsterm~ne. to the reduct~on o( the wms secured hereby. snd to any prepsyment charge hsre~n prov~ded. and sny balance o( such moneys then remam~ng shall be pa~d to the Mortgagor TM Mortgagor agrees to exacute wch funher ass~r? ments ot any compenssuons. awards. damages. cla~ms. nghts o( act~on and proceeds as the Mortgagee msy reqwre. 25 Th~s mortgage shall be construed es s setunty agreement under the Flor~ds Un~form Commerc~al Code 2s Other prov~s~ons III the event this mortgage is junior 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 will be paid by mortgagor in accordance with the terms a:.u conditions thereof without regard to any grace period as contained tilerein 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 becuW~ 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 rhe commencement of any action to foreclose any said superior mortgage and/or lien, shall constitut an automatic default in this mortgage and the whole of said principal sum secured hereby shall i~mediately become due and payable at the option of the mortgagee. IN WITNESS WHEREOF, the Mortgaqo~ has executed thesa presents under sea! the day snd year first above written. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR TFiE BALANCE ~S,~~ se ~,d del'vered in the presence of:DUE UPON MATURITY IS $ 15,500.00, TOGETHER WITH ACCRUED INTEREST, I- t1NY; ~ ALL ~DVANC~NTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. d _ ISeal) - Te y E. Hougen bler e••-•~W~~ - - ~ - ` y' _ I'I / E~Kat~ie S. Hou endobler R:.'-~,w"' ~ • INDIVIDUAL ACKNOWLEDGEMENT ` STATE OF ~ORIDA ~ r ~ : ss ` COUNTY OF ST. LUCIE ~ ~ ~ The foregoing instrument was acknowiedoed before me this 3rd day of , tg 85 , by_ _~errv E. HouQendobler and ~~i.fa • . ~ , p ~ ~ My Commi~iqlf'ex ires: ,~S ` ~ L.~.c~' r;: `f ~ f ' f~ NOTARY P BU ~ d ~ : / ~J~J' ` . , . - 1 ..J _ • CORPORATE ACKNOWLEOGEMfNT ~ ' ~ _ ` ~ . ~t, . :i . j1i,~lFt+j~j.R~' "F.;r~ i~ l: j STAT~ CfF ~ , . - . . r • ~ j~ . u ' ~ y•~ . ; : , , + ~ COUNTY OF ~ ` ` 1 ~ ~ . - - ~ The foregoing instrument was acknowledged before me this osy ot , ~ ~ 19 , by snd _ , ~ ~ ~ rrspectively President and Seaetary of . ~ , a oorporation, on behalf ~ ot said corporation. My Commission expires: ` '-~~'~'K 47~. ~acE ~ NOTARY PUBLIC ~ 3 a~`'~.'- . - T3r`t~ ~ `p.-SeT~,^`'E ..,..,r^F c1vyC :~f'k}.f "~:Y ~ ^ _ ~ _