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Home My WebLink About0978 20. That Mortgayor will not permit any otf~er liens to be filed against the sa~d premises and il any such liens are tiled, whether pa~amount or subor- ~f~nate to lhls morlgage, Mortgagor will ha~e or cause to be had said liens dischargeG ~mmediately. 21. Mortgagee shall have ihe riflht to charge Mortgaflors account w~tA Mortgagae for the interest and princ~pal payable as provided in the prom~ssory ; r,ote as such becomes due in accordance therewith , 22. If the Mort9agee requesta. Mortflagor hereby covena~ts and agreea that Mortgaflw will furnish the Mortyagee annually from the date of the R~ortgage instrument, unleas some other date is agreed to between the parties in writin9, a certified audited tinancial statement of the MoRqagor and annusl t complete operatirtg statements o! Mortqagor. If the Mortgayors tiscal or catendar yeat shall not coincide with the date herein specitied, then the date which f ! he Mortgagee shall specify shall be controlling. MoRqagor shall supply Mortflagee with such other f inancial stetementa as Mortgaflee may from time to time i rgqu6SC 23. It is agreed that nothing herein Contained nor any trensaCtion related thereto shell be Construed or so operate as to require tAe Mortgagor to pay # !nizrest at e rate greater then it is now 18wful in suCh Cese to contraCt for, or to make eny payment or to do any aCt Contrary to law; thet ii any Clauses or ~ provisions herein contained operate or woutd prospectively operate to invalidate this Mortgage or said Note in whole or in peR, then such clauses and provisionsonlyshallbeheldforneught,asthoughnothereincontained,andtheremainderofthisMortgegeshallremainopetativeandinfu!}forceandeftect ~ ~ 24. If all or any part Of the mortgaged property shall be damaged or taken throuflh Condemnetion (whiCh term when used in this mOrtgage shell in- ~ clude any damage or takiny by any governmental authoriry, and any transter by private sale in lieu thereoQ, either temporarity or permanenty, the entire in- ~ ~eb:edness secured hereby sha~l, at the option of the Mortgagee, become immediately due and payable. The Mortgayae shal~ be entitled to all compensation. awards, and other payments or relief therefor and is hereby authorized at its oplion, to commence, appear in and prosecute, in its own or the Mortgago?'s ~ name, any action or prpCeeding relating to any condemnation, and to settle w compromise any claim in connection therewith. All such compensation, i awards, damages, claims, riphts of action and proceeds and the right ihereto are hereby assigned by the Mortyapor to the Mortgagee, who, after deducling # therefrom ell its expenses, inCluding attOrneys fees, may releese any monies so ~~!ceived by it without aHeCting the lien of this mOrtgage or may epply the same in such manner as the tvldrtgegee shell determine, to the reduCtiA~ of the sums seCUred hereby, and to eny prepeyment charge herein prrnided, end any batance of such monies t1~en remaining shall be paid to the Mortgagor. The Mortgago? aarees to execute such further asspnme~ts oi any compensations, u.~a:c~s, ~~:^°-oee, claims, rights ot action and proceeds as the Mortgagee may require. 25. In 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 f uil knowledge of such superior mortgage and/or lien, ti~o: said superior mortgage and/or lien will be paid by Mortgagor in accordance with the terms and ~~onditions thereof witnout regard to any grace perio~ as contained therein and failure to make said payment will constitute an automatic detault in this mort- gage and the whole of said principal sum secured hereby shall immediately become due and payabls at the option of the Mortgagee. Additionally, ihe defautt ~n the performance of any of the terms, provisions, covenant& or agreements contained in any superior mortgage and/or lien, or the ^c+mmencement of any act ion to foreclose any said superior mortgage and/or lien, shall constitute an automatic deiault iri this morigage and the whole of said principal sum secured ~ ^ereby shall immed:atety become due and payablo ai the option of the Mortgagee. l 26. This mo~:gage shall be construed as a security agreement under the Florida Uniform Commercial Code. ~ 27. Other proviSions: ~ ~ ~ $j ~ ~ IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above written. ~ ~ ,,-%~~i=-=~- ~ ~ ~ ~ (Seaq 1 O~ P..r Borrower ; , ~ ~ i ~x ~ ~~~J,~ . _ (Seaq ~ t,Y1~J Rd~7 his wife Borrower ± r INDIVIDUAL ACKNOWLE GEMENT ~ ~nTE OF Florida ~ ~ ss ~ ~;i~rv oF St. Lucie ~ ~ = ~ The foregoing instrument was acknowledged befo!e me th~s day of FP.}~2'u1L'V ~ . € . - '?_~j~_. by ( li fford Rf.~Ver and Kc3thv~yP~r~ h1S Wlfe ~ - ~ _ . " , ~ Conmission expires: ~ ~0!ARY Ci.EIIC ST„T£ FLLRiD.4 NOTARY PUBLIC , r' ' . ~ - _ : i ic5r; ; rp. ..,:!~c 6,:iE~ . ` ' • ; . .T ' ~ ~ _ ' ~ u:h= IJ.,. .;t`'~' , • . / COfiPORATE ACKNQWLEDGEMENT ~ V ~ ~ ~ ~ J~?~ ~ t~' ~ _ raT~ OF ~ ' _ ~ ~ ' p ~d = ~ " • :ss , -t`~...~ ~ ~ ; O~JNTY OF 1 , , . ` ,..••'t.- ' ~ . . ~ The foregoing insh;,ment was acknowledged before me this _ _ day oi . t = _ . by _ _ and . P ~ :pedively Presid2nt and Secretary of ~ ~ . a corporation, on behalt ~ ~ ` ~a~d Corporation. ~ ~ ~ Commissi~n expires: Q Q ~ dOOK~v~ PAGE V~~ NOTARY PUBLIC ~ 3 ~ ~ ~ - - ' - - ':'~•-c,y - 2 ~ ~ ~:1--,° >~.zr=.re ,~•n~~"=>s~.uC';- _ _ _ . . . _ _ '3;..;~*»° ' Y f