The URL can be used to link to this page

Home My WebLink About0919 i , . , 20. That MoRqpor wIN not p~tmil ~~y dhsr N~~a to M tlhd ~palnst ihe ~ald pr~mtses and N a~y such Ilens a?~ ffNd wh~ths~ paramnun! or =ubor di~at~ to th~ mort~9~, Mort~or wlll haw or caut~ to M had uid II~~ ditcharyed Immedtatsy. - 21. Mort~aqss N?dl havs the ~ht to oharpe Mort~apors ~ocount vrith MohQa~es for th~ I~tereat ~nd p~inclpal payabls ss p~ovlded in the promissay ~ote aa such bscomes due in ecc~ ncs lhsrowlth 22. If ths Mat9aq~s requ~sta. Martpa~o~ heroby covsnants and~ re~s th~t Mortqa or will furnish the Mat9a9ea annually trom ths d~ts of the mwt~a~s InetrumeM.unissssom~otherd~tslsip~eedtobetwee~ihepartieslnwrftin~ scsh~fi~dauditsdfilnencislstetementoftheMo~tpa9orendannual oomplete operati~ itatamants bf Mortps~a. H the Monpapors fiscal or c~bndar year shsll t~ot coinclde wNh the date herele specifled, then ths date which - theMo~tpaflseahallspecttyshsllbscont~olHn~.Moriqa~orahallsuppyMortyapeewithsuchotherfln~ncialalatomentsaaMon9a9seroaY~romtimetotlma roques4 . 23. It Is a~rsod tlwt noihin~ he~etn contei~ed nor any t?ansaction related thereto sh~~~ be construed or io opsrste aa to ~equi~e the Mortps or to pay tntenat at ~ rats ~reate? than It Is now lewful In ~uCh case to cont?~c1 tor. or to meke any payment or to do any act contnry to law, ihat It eny c~usss or : pwvb~lo~a herein oontal~sd operete or vrouid prospscilvety operate to InvaNdate thls Mort9ape or aald Note In whote or In part, then auch clauaes and provfebns only shall be heid tor naupht, ss thou9h not herein contsined, and the rematndsrof thls Mort9a9e shell remsln operalNe an~d in tuli force and eHsct Z4. If all or any part of ths mortpsped property shall be dame~ed or tsken throu~h coodemnatlon (which terrti when used in this mortgepe ahall irr duds am? dems~e or tekinp by am 9overnmental autlwrlty, aad any tranater by prNate sale in Ibu thereoQ, elthsr tempora~ily or permanenty, the a~ti~e in~ debtedneaa secu~ed horeby ahall, at the opibn oi the Mortpapee. become immediatey due and psyabis. Tho Mat~qee ahall be e~tftled to all oompenastb~, awaMs, and other paymenta or reUef iherefor and is hereby autho~ized. at fla optb4 to comme~cs, appear In and prosecuta in ita own or the Monqa~ore name~ any sctldn or proceedin9 relatfn~ to any condamnatior?, and to aetlle a compromiss any clalm In connsctlon therewith. All such compsnsatbn, aweros, dameqes, claims~ rtqhta ot ectlo~ and proceeds and the ri0ht theroto are he~eby aaeipnsd by the Mortfla~o?to the Mort9aqee, who~, after deductin~ - therehom dl tts expenaes. includfn~ sttomeys feea, may retease any monka so received by it without aNecting ths lien of this mortgeye or may appy the seme in auch manne~ as the Mortpayee ahall detetmine, tothe reducilon of the sums secured hereby, end to any prepayment charqe herein provided and any bslance of such monies then remaininp shall be patd to the Mort~a~o?. The Mo~tqa~or eyreea to execute such turther asatpnmenta of any compenaations, ewaMs, damapes, claime, riphts of action and proceeda as the Mo~t9ayee may requlre. - - 26. In the svsnt thb mort~apa is Junior ~nd inte~lor to any other mortqa~e and/~r lien on ths above~deac~ibed resl property, and this mo~tpaye is qiven withfuliknowtedpeotauchsuperbrmort9a9eand/orlien,thatsaidauperiormortgaqeand/orllenwillbepatdbyMortga~orinaocordancewtththetertnsand conditlons theroof without ~epaM to any ~race period as contained the~et~ and tallure to meke said payment will conetitute an automatic detauH In thia mqK- qaqe and the whote of aaid pNncipal sum se~ured hereby ahall immediatey become due and peyable at the optlon of the Mo?tyagee. Additionaly, the default in the performance of any of the terms, provisions, covenants. or aqreements contatned in any auperior martga~e a~d/or Ilen, or the commencement of any actbn to foredose any said superio~ mort9age a~d/or Ilen, shall conslitute an automatic defaultin thia mo~tgage and tha whoie of said principal aum eecured • hereby sha11 immediately become due and payable at the opUon of the Mortgagee. ' 26. Thia mortgage shell be construed as a aecurity agreement under the Florida Uniform Commarcial Code. 27. Other provisions: ~ IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above written. . (Seaq Kenneth Basqu eorrower ~1.(~m , ~G~QiIv ~ tseen ,I in a ~ squez ~.3 A10:48r~oM?e~ 1 ~ INDIVIDUAL ACKNOWLE~CiEMEtdT f~~F~ f; . . ~~~Cl ~ - ` ` . sr. ~ C1 f ` . ~c r , ~1 _ R~ -•!'ti' ~ STATE OF _,F+4+Q • ? ~ - . . ';'s. :ss cou ~ •%'~r~':~•.tt1~1~,; ~ 81'~'i'986 - K~ -;.r=-----~-~- ; : E y~.~'jhe~ . j{Ot~qin~:iris~T,~as acknowledged before me ihis day of At~ri~ ; f: 7.~'s '~t?j' . t9 • :'~-f~~~eth Basquez $~d Linda Basquez, his wife . ' ' .i'` . . ~:s ~ . a . , MyCom~yf~cn ex ~^.i;=;:Y PUBIIC STATE Of FLORIOR .~~I;~n/{2 7l.JC~ ~},•t rt;!!!tFSS?0~ EXP. JU~Y 28,1987 NOTARY PUBLIC '~'r BUn;jL.~ 1N~U GEhERAL INS. UHD. . CORPORATE ACKHOWLEO~3EMENT STATE OF ~ .ss COUNTY OF ? The foregotng instrument was acknowledged before me this day ot . ~ 18 - bY end ~ ~ ~ reapecthrely President and Secretary ot , e corporation, on behalf - of said corporation. ~ - IMy Commisaion expires: NOTARY PUBLfC 3 ' ~53~- 9'l~ . . . . ~ v~~ ~ 4. i . x ~rr a . . . . . x . . . , . . _ . . . . .'G