HomeMy WebLinkAbout0934 Z0. TMt Mort9a~or wlq not p~rnnit any other Ilens ta W IINda~~inst th~ e~kf prsmisss and N any such Ils~s s~e til~d, whsthar paramount or subor
din~?te to lhls (no~tga~~, Mo?t9pa wNl haw or cause to bo had utd I~ens dlsch~rped ImmedateN. ~
21. Morty~p~s ah~ll fuive the ripht to charqe Mortqaflors account with Mort~apes for the Interest and p~incipal p~y~bb ~a provided in the promtssory
nots ss wch becomea due In ~cc~dence therowlih.
22. If the Mat9apse requsst0. Mai apor heroby covsn~nts anda~ rees that Morlgepor will furMah the Mortqepee annualy Mom tha date ot the
mo?t~~~s Instrument,uMss~eomeoihsrda~elsa9~eedtobetweentheWnlesinwrftin9,acerliHsdaudltedtlnanclalatatementofthsMortyaporandennual
complete opsratin9 statements ot Mortqa~or. li the Monya~ora flscal o~ caMnder yee~r ahall not cotncide wrih the date heretn apedlied then ths date which
ths Matp~yee shall specity ahe11 bs oontrollin fl. Mo~tpa9or shall auppy Monqayea with such other flnanclal atetements as Mo~tpapse mty from ilme to time
roquest .
23. 11 is s~roed that nothiny hereln oontalned ~or anY transaction related fhereto ahAll be construed or so operats as to requtre tha Mort~a or to pay
interest at a rate ~~eater than It ta now lawful in such caas to contrect tor, or to meke any payment or to do any act cont~ary to law; that N any ~auses ot
~o~ir~bna ony
shailbe he
d a
nau~hR ~ ou~h no~
t~
ei
cont nted, and he rema n~derof t~ s~Mo t~eye aha/ re ahn operaiw~'e
e a
in i
niace~ana
etie"cdt
24. If ail or sny part of the mo~tpayed property shall be damafled or taken throu9h condemnation (wAich term Whe~ used tn ihls mo~tqa9e shail in-
dude arry damape or tektnp by aMr ~overnmantal authority, and any transfer by ~rivate ea~e !n Ileu thereoQ, either tempora~fly or perma~enty, the entire trr
deptedness secu~ed heraby ahe~ll. at the optbn of the Mwtyayee, become Immediatsy due and payabta Ths Matga~ee shali be entftled to all compensatbn,
awat~s, and other paymants o~ relief theretor and la hereby sulhorized at its optbn, to oommence, appea~ in and prosecute, in ite own or ths Monqagor's
nama, any actlon or proceedin~ reletirp to any condemnationr and to setile or compromias any claim i~ oonneclion therewith All such compenaatb~,
awards, dameyes, clelms, ?I~hts oi action and proceeds end ti~e right thereto are hereby assipnsd by the Mort9ayor to the Mort~e~ee, who, eker deducti~q
iheref~om all fts expenses. includiny attomeys tees, may retease any mo~les ao receNed by it without aHect{n~ iha lien of thia mon~aye or may apply the
aame in such manner as ths MoRya~ee shail determine. to the reduction of the sums aecured hereby, and to any prepayment char~e herein provided, a~d sny
bslance ot such monies the~! rem~inin ahall be paid to the Mortpagor. The Mo~tpaQor ag~eea to execute such further asaqnments of any compenaatlona,
awe~ds, damages. clalms, riyhts ot ect~on and prxeeds ss the Mo~t~agee may require. ~
25. 1n the event this mort~ape ia junior and interior to emr other mortpa~a and/or Iien on ihe abov~described real property, and this mort aye is yiven
with bll knowled~e ot such superior morlgafle end/or Ilen, ihat said aupedor martflaqe and/or Itenwiil be pald by Mort~agor in sccordancewith t~eterms and
oondittons thereof without refla?d to any ~race pe?lod as contained there(n and feilure to make aaid payment wilt con8titute an automatic deisult fn this mc~rt-
qa~e a~d the whole of satd prtncipal sum aecured hereby shall immedlatey become due and payable at the option of the Mort9a9ee• Additionaly, the detauR
in the pe~farmance of any oi the tenne. P~ovialo~a, covenants, or a~reemenfs contained in any auperior mortgage and/or Ilen, or the commencement of any
action toforedose any aaid auperior matgage ancf/or lien, ahall conatitute an sutomatic defeuit Tn thia moR~a~e and the whole of aatd p~incipal aum secured
hereby shail Immediatety become due and payable at the option ot the Mortgayee.
_ 26. This mortgage shal! be conatrued as a securiry agreement under the Florida Uniform Commercial Code.
27. Other provisions: ~
• IN WITNESS WHEREOF, fhe Mortgagor has executed ihese prese~ts under seal the day and year first above written
(Seaq
' tantey ts Borrower
~ . (Seaq
eb8 Y011tS Borrower
. INDIVIDUAL ACKNOWLEDQEMENT ~87 ~~~`~.~t~',
V .58
FILEG i. ; - .
3TATEOF FLORIDA • DOUGLi,._; _ `
~:ss S~ lUCii_ ~ t:~i, . .
~ -
ST.' LUG,~E ?
couNn.r.:D
~,~r r
:~=ti`•~~,. ' ' , , •j `
`:=~~~'`ip~~oyly (R~wlnent was acknowtedged betore me this 3~St day of March ~
~ g.~ ~tanley Yonts a~a Reba Yonts, his wife
~ e ~ 1; _ '
My:~.. >~i~s~^~exp~g. ~,~`r~y:'~~~~IIC ST~TE Of ~lORIOA L~~~1?/n
•~S~ .~~4r;~s!;~,;:,~' iXP. JULY 23,i487 '
:t~ J'~- itE4A: I~i~. U!iU. NOTARY PUBUC
' , - - .'~'~`.j~'rti} Ti:IcU U~
A'. .
' ~ CORPORATE ACKNOWLEDtiEMENT
. .
,
STATE OF ~
:ss ~
COUNTY OF ~ '
The foregoin4 instrument was acknowledged betore me ihfa day of .
19 . by and ~
reapectivey President and Secretary of
, e corporatfon, on behalf
of aaid corpotaUon. ~
My Commisaion expires: 1
_ ~ _ , ~~;I . NOTARY PUBLIC
~t 3
t _ . - ~
_ . . _