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20. Th~t Mort~syor MrlN t~ot pOtmlt ~ny other Nsr~s to bs Nkdspalnat ihs ssW promises and M any auch flene ~ro filed, whethsr paremount or subor• '
dinate to thls mort~aas, Mort~spor wUl have or cauee to bs had s~{d Ikns dbcha~ Immedl~tey.
21. Moripapee shaN have tho t to chupe Matpapore scccuni vrith Mortpayee tor the intsrast a~d princ~pal psyabls as provlded In tha promissory
note as such bocomes due M a therowfth pa
22. If the Mort~aqse ~eques~, Mort~a~or he~eby co~?enants sndsg ress that Mortpayor wlll turnlsh ths Mo~t~a~ee annualy hom the'date of the
mo~tqaqs inatrumenl, unkas wme othordate ts ~qreed to batwe~n tha par!!es ln w~ttMq, A certlfied audtted finsnclal at~t~ment oi ths Mort~a~or and tnnusl
compiete opb~siin~ aiaiamenl~ ot ~;:..i;~~. It th~ Mortpapors ilacal or qlsndar ye~r shall not cotnddswNh tM date hsroU specNled, thsn tha date wl~lch
~~L9~qaa ana~~ spiwiir:~
~ei~ b~3 t;ontrotNn9. Mon~ayorshatl wpply MoKflaQ~with wch atAer Nnanclaf st~temente as MortQapee maytrwn tlme tofime
23. It b ay~ssd that nothir~ Mrein contalnad na any i~naactbn relsted thsreto ahail ~~nstrued or so ope~te as to repulro ths Matpa or to pay
interost st ~ r~ts proater tAan It ia now tawtul In such caa~ to contract fo~~ a to make an~ ypayment or to do ~ny ict contrary to Isw, that N eny c~usss or
. proviabna hen?In oontalned opsrats or would prospectlvsly oparets to inv~Ndate thls Mortpags o~ sald Nots In whole or ln p~rt. thsn su~d? clsuaes and
prnvisbns ony shall bs held fo~ nauqh~ ~s thou~h nol hsrotn contal~sd, ~nd the ~emainde?of lhis Matppe shall remsin operatlve and in fuli f on~ and affect
24. If a~l or any part ot ihe n~ortyapsd propsrty shall ba dama~ed or taken th~ou~h ca?demnalton (which term when uaed In ihls mort9a9e ahatl in-
dude any de~me~e or takinpby a~y qoveromeMSl ~uthority, and any transfer by p~iveta ule In Iteu thareoi),,elther temporadry or psrmane~ty, tho enti~e in~
debtsdness sscured hersby shalt, at ths optlon of ths Mort become immsdtatay dus and p~yaWs~ Ths Mortgs~ee
sMll bs entitled to all ocmpensatlQn. -
awsMs~ and oths~ payments or ~epaf thsrefor and b hs~ autho~iteQ at !ts optbn, to commonce, appsar ln and prosecute. In its own ot ths Mortpapo~'s ~
name, any ectlon or proceedin~ relatirp to amr oondemnatto~, and to settie or compromtss ttny chim in oonnectbn therewith A!1 such compensatbn. ,
awa?~de~ dan+spea~ c~ims, riphts ot sctbn an~~d~~ocesds and ths ripht theroto us he~eby e~sstpned by ihs MortQsqor to the MorfqaQee, wha, after deductinq fi
thereircro s!! its sxperxi~es, including ~tto a feei, m~y releaee any moniss ao rocsivsd by it withoui aKsctMp the Hsn oI this mortqe~e or m~y appfy the
sama in such mannersa the Martqppae shaH de#ermMe, to ihs ~ecluction d the aums secured hereby, and to amr prepaymsnt charpe harein provWed and any
balanca of such monies Men romeinlrf~ shdl ba pald to the Mortpaqor. Ths Mortqpor aqrees to execute such fuRhsr asa{pnments ot a~y compensations,
awards, damspes, clalms, Hphts ot aCtian ~nd ptxeeds ae the Mat~ayee may ~equire.
E
25. In the event this mortpa~s b junlor a~d Inferior to any other mortpa~e andJor ften on ihe ebove~dssc~ibed real prope~ty, and thts mortfla~e ta;!Yen ~
wtthfullknowled~eofauchsupsrtormortpapsand/orUsn,thrtaafdsuperiormo?t~g eand/o?IlenwiilbepaidbyMortpagorinaocordaocewrihthetenrisand
cond~lons thereof vrlthout ~spard to any pnce period:s contetead therein and failure to make satd payment wlil conatitute an automatic defautt in this mort- ' ~
~a~e andthewholooisatdprinclpelsumsecurodhe~ebyahallimmediatelybecomeduea~dpsyabbatihecptlonoltheMortpapse.Additio~aly,thadefault
fn the performance ot a??y of the termt~ ptovisiont, covenanta, or ay~eements t:onteined In any supeNor mort~e?~e andlor lien, or the commencement of any ~
actbn to foredosa any 3ald superior matgeqe and/orlbn, shaii constitute an automatic dsfauft in thla maKgaye and the wholeof said principal sum sscured ~
hereby shal! immedlataly becOme dua and peyable at the option of the Mortgaqee.
26. This mortgape shatl be conatrued aa a sacurity aQreement under the Ftorida Unllam Commarciai Code.
2T. Othe~ proviabns:
IN WITNES3 WHEREOF, the Matgaga has executed these p~esents under seal de and year first above written.
~
~
(Seaq
~ ~ ohA D. $rogan Borrower
~
. Q• (Seaq
' ~ Barbara A. Brogan eorrower
~
~ INDIVIDUAI ACKNOWLED~iEMENT ~V rT2,~s
' '87 FES t 1
. A11 ~OS
( STATE OF FLORIDA ~ f` .
( COUNT~r OF ST. LUCIE ~ sg . S~i r~
U~L r~ J~~;1 y~~" UE~
~ l~ ~,;~?~~t.,-E,?K
The foregoing inatrument was acknowledged befote me this Sth ~ay a~ Ft. ~
19 R7 , by .iohn D_ flrnggn _ en ,
-.j-~.:,,~. t. ~ . .
(
, My Commission expires: /O1Altr ?CN.iC S1ATt OF Fl9RIDA
~ ~ COIp1ItlIOi EX?. APR 14,19{8
E ~OI~ED tMIW ~tMt11Al INS. tl~D. R UBLiC
~ ~ ` ;'l.'j: f
CQRPORATE ACKN DliEMENT . ~ ' ` .
~ `4ti~~•~'~_'
STATE OF ? i ~%(j~ . . :
: ss I:3t.. ; • `
,P'~,.i.. fSI', ' I~`
COUNTY OF 1 j • 44~ 4 i• 'I'
• : r~°',° -.pi.. : , - / . ~ -
The foregoing instrument was acknowledged before me this day of _ _...;Z~` ~ •
i' .
19 by and
.
respectiveiy Preaident and Secretary of
. e Corporation, on behati
i d said corporatlon.
~
~ My Commission exptres:
' ~ ~ ~ ~ ~ ~ ~ ~ 3 NOTARY PUBIIC
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