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HomeMy WebLinkAbout0923 . , . • • ~0. That Mat9apor wlll not p~?mN any other N~~ io be JiNd ~qalnst Ihs a~ld p~~+nbe~ ~~d ff~ny such Ibna a~e (iled, whethe~ paramount.or subor dinats to thh mort~a~ Mortppor wi11 haw or caua to be had sald ifans dsscharpsd Immedialsy. ~ 1. Mwtaagss ih+N Mv~ fh~ ht to char~e Mortpapors axount wlth Mort~aQee for the Iniereat and principal payabls as provitfsd in the prombaory nots as sue:h becomes dua tn ~oc~o~ncs thorswith ZZ. M the Matqa~e requests, Mort~or hsrsby covsnanta ands~ ~ees th~t Mort~a or will fumish ths Mort~a~ee annualy hom the d~te ot the mort9aqe Inatrument~ un{es~e some other date upratd to between lhe psnles In writlnq, ~ c~n~ed audHsd 1{nanclal statsmsnt of ths Mort~aaa and annuat oomplets op~railn stat ments oi Mortq~qa. fl the MottQapors Hecat or ql~nda~ year shall not co~nclds with the dats hstein apsdf isd, then tha date whkh !he Mortp~pes ah~l apscNy sha11 bs conirofNn¢ Mortya~or ahAll supply Mort~pee wlth wCh olhsr f inanclai statements es Mortpe9ee may from ttme to tlme feQueet . 23. It 13 s~resd thst oothinp heretn Containad na ~ny traneaction relatsd ihereto ahall be conatrued or so operate sa to tequire the MoriqaQor to p~y in snat ~t ~ rats yreatet ihan it Is now lawtul t~ such case to cor~trect ta, or to make any payment a to do any sct contrary to law; thet H any cleuses or ° pr~bna herein ow~tained operete or would prospsclNely operate to ImreNdate thls Mo~t9ase or said Note In whote or ln psrt, then such cfaua~es and provla0ons ony shall bs htld ior nauqht, es thau~h not harein contatned. and the rematnde~ot thta Mon~aye shaN ~emsln aperatNe a~d inlull toros and sNect 24. If all or ~ny paK of ths mo~t~s~ed property shall be damayed or taken throuyh condemnation (wh(ch term when used in this matqspe sheil tn~ duda any damage or tekinQby anY goverrtmentet! auiho~tty, a~d any iransle~ by ate aale in Ueu thereoQ, eithsr tempora~ity or perma~enty, the antire irr debtednsss secured hereby sf~all. st the optbn of the Monp yas, bscome imm~ey due and peyabla The Mortya9ss ~hall be entflled toall oompenaatbr~ ~ awarde~ and other paymants or ~elief therefor and ia horsby authotised at its option, to commsnce, appear In end proaacule, in ita ow~ or tAe Mortpspor's nama any action or prooeedir?~ rolatirp to eny oondemnation. and to settlo or cotnpromis0 any claim In connectlon the~ewith. JUi such compensedbn, awe~rds, dsmwea, ciaima, rfphte of actton and p~eeds and ihe rlpht thereto are hereby assfpned by tha Mo~tyeQor to the Mortya~ee, who, afterdeducttnq ~ thereirom atl its sxpensea, IndudinQ attorrtey~ tes~ may roleaas sny monies so roceMSd by ft without aNectin9 ths Iien of this mort9a~e or may eppy ths same in auch man~s~ ea the Mortqa~ee shall determine, to the reduction ot the sums secu~ed hereby, and to eny prepayment charqe herein provided and any b~lance ol such moniea then romstntnp shatt be patd to the Mortpaqor. The MortQsqw aqrses to sxecute such tuAher asslpnments of any compensatbns, awaMe, demayes, claims„ ri~hta Of ectlon and proceeda es the Mottga9ee may requi~e. ~ 28. In the event this matflaQe Ia junior and Interior to any other mortpa~e and/or lien on the above-described real property, and this mort~efle is ~iven with fuil knowledye of such superior monpage and/o~ pen, that sald supertor mortyaQe anc!/or tien will be pald by MortQa~or in socordancewtth the temns and oonditions therootwithout rey~ird to anygrace period as contalned the~ein and failure to make aeid payment will constitute an automaNc default tn this mqrt- Qape and the whole ot said p?incipal sum secured hereby ahall Immediatey become due and payabla at the option of the Mortgaflee. Additionaly, the defsult M the pe~tom~anca of any of tha tem?a~ provisiona, covenanta, or syreements conisined ~n any superlor mort9aye and/or ~len, or the commencement o1 any action to toreclose any setd auperior mortQage and/or lien. ahall constitute an automaC~c defauft in thia mortgafle and the whole of said p~incipal aum secured hereby ahall Immediately become due end payable at the optlon of 1he Mortpagee. - 28. This mortgage ahall be construed as a security agreement under the FloMda Unitorm Commercial Code. 27. Other provisbns: • IN WITIVESS WHEREOF, the Mortgagor has executed these presents under seal the day and year tirst above written. ~ ` (Sea9 ac zemore Borrower _~d.(.~'.~~1~/)C~ `7C.h(APilL~ ` ~~a~ r ey tem ~ 13 .5~ Borrower INDIVIDUAL ACKNOWIEDGEMENT ' v ` FILEO - ; - - OOUGL ~ ~ ~ ' - . sT LUC~E_ ;_f~n STATE ~O F F~CS R J(~/A~_1 . ~ COUN1Y~pF"'': , i.~a' : ss ~~88 . . tZj'_`""^ ' ~ ~ • :4~''•-'•• i• -:~~•t«~oiii~.,tr~tric~~it was acknowledged before me tnis °2 day o~ Apri! , , . , ~ yY ~ . : .r ~9,~ C~.~~+c~~}izemore and _ Shiriey Sizemore, his wife ~ , „ ~-5-: `iC~ : r~ ~'``~s •~~?i:j,~ P118~Tr ~ift'C C: F~OR.TbA MY:Ci~?~Rls~te~l~s: ~-c.;^r; itr,. .'~jLY 26,19~7 ~ Sc~ - ~Ii~G//V/( -r .•\r:C,',t ~~•i;ia:~ Si F:.i~. _ It:S. ~%?~J. NOTARY~ :v~ .~-'_tf-.-~,_ . . ~ ~ ~•.•'r ' CORPORIITE ACKNOWLEDCiEMEN7 ; t•• STATE OF ~ ' ' - :ss _ couNnroF ~ I The foregoing instrument was acknowledged before me this day oI , 19 bY and , reapectively PreaidE~nt and Secretary of , a corporetion, on behaM a said co?vo?ation. . My Commisaion expires: ~ NOTAiiY PUBLiC ' . 3 . ' ~ : _ _ ~ : a- ~ ~ ~ ~ - - ~ ~ _ , 4 a~ ~ ~f. . . . . _ . .