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20. Th~ll Mongaqor witl not p~~mit any other li~ns to be fN~d~paInst ths ~ald premises ~nd H ~ny suc1+ Ilsns us (Ilsd, whather p~ramount or aubor• ~
~nai~ to thh mort~ltQ~, Mort~aQo? wNl h~ve o? cauas to M had sald Il~ns d~sd?~rped ~mmed4tey. .
21. Mort r1~ t >
note as such b~m s du+s ~
t~,~ord~~iiae~ thers~iwith.~~~a aooount wlth Mortyspeefor the Intsrsst and principal p~ayabb aa provid~d in ths promissory ,
22. It ths Mortp~pse request~. Mwtpa or hereby covanants andap ~ees that Mort~a~or wilt fu?Msh the Mortp~~sa a~nualy hom ths date of the
matpa~e InslrumsnRunlbsssomeotnsrdata~sagreedtobeMresnlhepartfssinwriNnq,~certHiedaudftedHnancidstatsms~toltheMatqayorandannual
oomptets opsr~dn~ et~tsments of Mat~qor. lf tRe Mortqayor'a flsc~! w cebnda~ ysa? shatl noi colncide wlth ths d~te hsreln apeclfisd, then ths dete whtch }~l
ti?e MortQspes shp11 spsCiy shall bs controlUn~. Mon9eQor ahall wpply Mott~aqeewith such othe~ f inanclal statements ss Mort~e?yse mey from time to tims ~
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23. It ia ~roed ih~t nothin~ hersin contalned nor any tranaactbo rolsted theroto shali be construed or so opente ea to requtro ths Mort~agor to pay ~
~ntereat ~t e nts qreater th~n it Is now !awlu) ln such caas to contracl fa. or to m~ke eny peyment or to do any aCt contrary to law; that H eny clauses a '
prwlbbns heroln c~ontsfnsd ope~te or would prospectMey ope~ate to invalidate lhis Mortps~e or sald Note In whola o~ In part, the~ auch clauses and ~4
provfsbns ony ahalt bs held for nau~ht, aathouqh not horein contafnad a~d the ~emaMdero~ thla MoK
Qa~s ahall remaln opentive and In f ull torce and ettscl
24. H all or any pan of ths mo~tqassd p~pperty ahall De demaqed or take~ throu~h condemnetion (whlch term whbn used in this mortpaQe shal! irN ~
dude arty damapa or takinp by e~ny povemmsntel autAority, and any transter by privata sale In Ileu thareof), elther tsmpornrty or psrmanently, tha enttre In~ ~
debtedness aecursd herob~ shall~ st the option ot ths Mort~e0. bscome Immedtatey dus and paysbte. The Mat~pes shali bs entitied to all compeneatio~, ~
ewaMe, and oths~ payments or ~eNet theretor end la hereby authorizeQ at its optlort, to commence, appea~ in and prosecute~ In fts own a the Mo~tpa~ors
n~me, any acUon or proceedinp ~alatinp to any condemnatton, ~nd to ssttle or comp~omiae any clalm in oonnectlon the?ewtth. All such compehsetbn. '
awaMa~ damwea~ ctsima, rt~hts of action an~ proceeds And tho ~tpht thoreto are hsraby aasbned by the Mon~~por to the MortQa~es, who, afterdeductlnp
tAerefrom all its expenasa, includinp attomeys lees, may rolease any monks so received by it without eHectinq the lien ot thla mon~a~e or mey apply tho
same in auch manner es the Mortqeyee ahall determine, to the roductlon p1 the awpa securetf hereby, and to any prepeyment char~e here(n provided, and any
balance of such monies then remaiMng ahall be patd to the Mor!fl~a. Th9 MortpaQor eprees to execute auch tuhher ess{pomenta of any compensadons, ~
awards, damepea. clelms, n~hts of action and proceeda as the MortQa9ee may requtra •
26. In the svent this mortqpe Is Junlor and intsrlor to any other mort~a~e and/or lien on the above•deacribed real propery, and thia mort efle is ~iven
with tull knovWedp~ of such superbr mo~t~a~e and/or lien, that aald aupe~ior mortpa9e and/or lien wiil be paid by Mortga9or in aocordance wRh t~e tertrts end
Oonditions thereof without regard to any Qrace period as co~talned thereln and teilura to make seid payment wlll conatRute an automatic detault In this mart-
~a~e and the whole of said prinCipal sum secured hereby shall Immediatey become due and payable at the optior~ of the Mortgapee. Additionaly, the datault
M ti~e psrlonnance of any of the terms, provisiona, cavenants. or ayreements cor~tatned In any aupaNor mohaape and/or Iien~ or the commencement of any
aCtion to foredose a~y said auperia mortqe~e and/or Ilen, shall constitute an automatic default in this mortpa~e and the whole ot aatd principal su m secured
hereby ahall immediately become due and payable at the option oi the Maigayee.
• 28. This mortgage shalt be conatrued as a securiry agreement under the Florida Unifo~m Commercial Coife.
27. Other proviabns: •
IN WITNESS WHEREOF, the Mortgagor has executed these pre~ents under seal the day and year first above written.
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am aY -Borrower ~
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ee nn ar ~'3 ~O•~4rower
INDIVIDUAL ACKNOWLE~(iEMENT
FIL E~, t .
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ST. C(1C,F ;;C;G:, =1~-'.~:
STATE OF F LOR I DA 81 ~?~9p
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couNrr oF ~;r; R, LU C I E ~
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`;'•'~~repoii?Q ina~ii~ment was acknowledged before me this 31 St day ot March
~j ~ • . • .r ,
~g _r' -~;.;D VYiiliam F. Ward a~d Lee Ann Ward, his wife
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° MyCl~in~ro~ssicu, ~+ip~res~~ ~~LIC STATE Of FLORIOA ~J~~vn ~~?/h
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~ ' ~ ~+p M~' ~13ISSIOM EXP. JULY 28,198) ~ NOTARY PUBLIC
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:':"+j,.;,. • CORPORATE ACKNOWLED~iEMENT
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9TATE OF ; ' ?
, :ss
COUNTY OF ~ 1
The forepoing instrument was acknowledged be(ore me ihis day of ~
- bY and
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reapectively Presidant and Secretary of
, e corporation, on behaH
a said corPOration. .
N{y Commisaion expires: ~
NOTARY PUBLIC
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