HomeMy WebLinkAbout0947 20. i~a! Matpapa wIN nol p~rmil any dher Mens lo M tilsdp dn~t lh~ ~afd pt~mb~~ ~nd q~ny ~uch Ilens ~re IINd~ wA~t~~r pa~~mounl a a~bor-
dlnN~ lo lhh matQ~q0. Mal9aqa wlll h~rs or cau~~ to b~ ~~d ~a1d Il~ns dischup~d imm~diat~y.
21. MorlQ~p~~ ~h~p h~v~ !h~ r~h I lo ch~~ps Matppor~ ~coou~l vrilh Marlp~p.~ lo~ lh~ Ml~retl uW ~inclpsl pay~ble ~s p~ovldtd M tt~e p~omkwr~?
~ot~ ~a such Mc<+m~~ du~ In ~ccordanc~ Ih~rw~lth.
22. 11 lM Mortp~pe~ r~u~sts, Matp~po~ ~~rsby cov~n~nl~ a~d~Q rtes iMt Mo~tqa9or will furnlah 1ha MatQap~~ ~nnu~ly Irom th~ aal~ ol lh~
mon sp~ t~st~umtnt, unl~~i ~om~ olha~ dal~ 1~ ~prsed lo bNwe~~ ti~~ paAlis Mw~i11nQ, ~ certltl~d ~udit~d i~nonclal ~t~1~m~nt ot Ih~ MoApa~ ~~d ~n~u~l
comp9lst. op~~~lln~ ~t~t~m~nl~ ol Mortp~qa. li Ihe Mal~apa'~ Iitcal ot qkndu y~u shall ~ol colnctd~wiih t~e d~t~ henln speGf{td th~n Iha dat~which
the Matp~ps~ ~hdl aprcity ah~ti be conlrolNnQ. Morl9ayor eMU suppy Mo~tQaQse w11h wch olhsr 11n~nc1~1 ~tNemanl~ u Mal~a~~~ may lrom tlms to tlme
n~wsl
?3. It h~Q?~ed lAal nolhlnp hersln conlalned ~or ~ny Innsaclbn ~elal~d IA~r~lo ~h~ll be consl~ued a~ ~o oper~t~ as to requk~ Ih~ Mortpspor lo pay
k~lensl ~1 ~ rat~ pr~~ls~ Ihan Il b oow lawlul M such case to contncl lor, or lo make ~ny paYm~~l or to do ~ny act cor~trtry lo yw; thd N any claut~~ or
provlsbnt M~~In cont~lned opente a wouM praspeclNsly opsr~ls to Irnflidals thb Morlpaps o~ ssid Note in whol~ or In par~ lA~n such clws~s ~r?a 3.
provbbnsa?ysh~IlMhNdlorn~u9hl.eslhouphnolherel~ecomet~sc~~ndlhanmalndsroilhlsMo~t9a;;eshallrem~InopeniNssndlnftiNtv~sndelf~cl ~
24. 11 ~11 or ~ny p~A ol lhs mal~~ysd p~operly ~h~ll be damapsd or leksn tArou9h condemn~tlon (whkh I~rm when used 1~ lhls ma1~~q~ th~N fn~ ~
cluds ~ny dam~~+e a(~Idnp by s~y povernmsnl~l aullw~ity, and ~ny lnnslsr byprN~te sala in tku ths~eo~tiellhe~ tempon~ily or pe~mansnly.lM ~n11n in~
de btedn~as ~scu~fd h~reby shel~ at !he oQtbn ol !hs MatpaQo0. become immedlatsly du~ and ~y~ble. The Mortqs~ae stwll be entif kd lo oompentalio~
aw~rds~ ~nd olhe~ p~ymenl~ or ~aNol lherek: ~~d Is he~eby ~ulhal~ed ~~s opllQ~ to comMence~ ~pps~rl~r and posscula in tt~ own or th~ Morf~a~o~'a
~nY ~c11on or prceeedin9 ~elatinq ta ~ny condemnatb~ a~d to settle or r.omp~omlas any cUilm In oonnsctlon lhsrewllh All such compensatloe~
:w~: ds, dam~pst, c41ms~ riphls ot ~cllon a~d ptocesds ~nd ths riphl lhereto aro hsreby assip~ed by Ihs MoNq~pa to Ihs Morl~~9s~. wlwr sit~~ d~duc~lnq
lherelr;xn sll ita axpenses~ Includi~ allornays laes. may retsase ony monle~ so ~ecehred by It wftt?out efteciirp the Hsn d Ihb mo~tp~s a m~y appty the
~~ms In ~uch nunn~r u the Mort~apes ahaN delermina lo Ihe ~eduction oi lhs sumt secured hereby. snd lo any prepsyment chs~ps here n p~ovW~ s~d am
balancs ol ~uch monks Men remalnln ahall be pald to the Mwlpa9or• The inioA~aqor s9roes lo executs such tuNhe, suipnments ot ~nYeomp~~ta!lon~
awa?ds. damsp~s, elalmt~ riphis ol ~ct~ ~nd prxesds as tDe Matysqee may ?equl~a '
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25. In the evenl lhl~ mwl~aye Is ~unlor p~d Inlerlor to any olher morl~apa anci/or tle~ an the sbove-desc.~ibed ~eal proparly, ~nd ihis mortpaQe Is ~Nsn
wlth fuN knowledqs ot ~uch eaperta mwlpBQa and/or Iisn~, that ~ald superlor morlpaqe and/or Ilenwiil be paidt~y Mohqapor In accordancswHh the Isrm~ ~nd
condt)bnt Ihs?eol wilhout ~e~perd Io ~ny yrece perlod es conlalned therain and lallu~e to make tald paymen! wib conaliiute automat~ d~lault In Ihls ma~t• '
yageLnd ths whole ol sstd p~inctpal sum secured hereby shsll immediatey becoms due snd paysble e! Ihe oplion ol Ihe Mortqa~es.Addlibndly. ihs del~uil
In the psrlorm~nce ol a~y o) lhs lerma provislons. covenants, ot ~qreemenls conleMed In any supe~lor morlyafla and/o~ Nen~ or Ihe cbmmencem~ent o1 any
acllon to laeclose ~ny sald superlor malpaye and/or Ile~. ehell consitiule sn automallc def~uli In thla morl~aQeand Ihewholeoi seid princtpsl sum sscu~sd
hereby ahall lmmedlalely become due and payable al lhe opllon ol lhe Moriqayee. -
28. Thta mortqepe shall be constnied es a security aQreemen! under the Fiorid~ Unflorm CommerCial Code.
27. Othe~ p~ovlslons: -
IN WITNESS WHEREOF. Ihe Morigagcr has execuled Ihess praaenta under aeal Ihe day end year lirsl above wrillen.
_ ~,l ~ G:-.~~ ~
~ (Seaq
` Johz K. Quillen eor~owar
• ( -~..u,a
,~cs~a. GJYI ~,,~(sf%v..~ (Seaq
' Christine Quillen eorrowsr
. (NDIVIDUAI ACKNOWLED(iEMENT
SUTE OF FLORI~A ~
:5~
couNnroF ST. LUCIE ~
Ths loreyoin9 Instrument was acknowledged belore me this 30 day ol March ~
19 $7 by 30H~v K. QUILLEY and • CHRISTINE M. QUIiLEti, his wife .
I
My Commissbn axplres: ~4T S:Y F93! 1: r~-•~~
nr c~,:!_c;.:- - . . . lo- ? - ~'F' .
89;i~~ is,:s: i-t,-:',L NO ARY UBIIC • • .
~ ~ COR~RAtE ACKNOWLED~iEMENT ` ~ . _ . , . • ~
. '
STATE OF l ~
:as ~
CrJUNTY OF 1
Ths loreyoinp Inslrument was ecknowledfled balore me Ihie day o( ,
18 - - by and
~
re~pecfivsly ~ Prealdent a~d 5ecrolary ol t`
t
. a ~ corponlion, on behatt
ol s~Md corporalbn.
~ My Commlubn sxp~es: '
~ ~0 5 3 7 P~0 9 4~ ~OTAHY PU6LIC ~
' 3
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