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Th~t MortQpa wNl not P~+~?n ~nY a1?~ u~M to be tll~d.~0ainat tM ~ak! pnmis~s ~nd N any tuch iions u~ fll~d whNha par~mou~t a subor
dinats to this mort~q~. Mortppor wHl Mw or c~us~ to b~ hsd aid itens di~charp~d immsdiatey.
? 1. Mort~N MaN haw ths ~ipht to charps Mortqpo~~ ~cocunt witA Mortpps~ fdr the iMerest and p~incipal payabk ss provkbd in ths promis~ay
~ np« at such b~cwmes due In acoorda~w thenwith
22. If ths Mott~aps~ requyts. Mort~a00? heroby covena~ts and+~ resu ihat Mat9apo~ will tumish the MortWpss annual1y from ths date ol tbs
mort9a~alnstrumanl,u~Nassom~othsrdatels~~sedtobetwNnthepaAlaalnwritinp,ace~tlflsdaudiledttnanclalsietsmentoitheMorlQa ~ndannual
Na
oompNte opsrstt ttatcments of Mort~ayo?. M!he MoR~~pors Hscal or cabndu ysa~ sha11 ~ot colnclde with ths date herot~ specif bd, ihen hs date whkh
ops n~
tM MortQayes shall spscHy ahall bs controlNn¢ Mon~spor ahatl auppy Mortqaqee with such oths~ Itnancial statements as MonQaqes may from tims to time
roaues~ •
23. It b aproed that nothin~ hersin contalned nor aay transectton related thereto ahail bs constroed o~ ao operate as to requiro the Mortpa~ to pay
Mtersst at a rate ~reater than it is now lawful in auch csss io contract fa. or to make any payment or to do any act contrary to lavr, that H any c uses or
aov~~bnsonyan~iibene
af o~
u9ht,as~ou9hno~athere n~n~ts
nsd.s~dthe
ema ~idetofthlSMort R~eshaUre a~inopetat
eandinfulitorceandsftect
- 24. It all or any pan of the mon~aged property shall be dama~ed or taken th~ouqh condemnatio~ (wh~h term when used In thls mon9eqe ahetl irr
dude any dam~~a or takirtp by eny 9overnmental auihaity, and any t~ansfe~ by prNate sale in Iteu ihereo~, either tempora~ily or permanenty, the entirs i~r
debtedness secured hereby ahall, at the opibn o1 tha Matqaqee, become immadiatey due s~d payr~bla The MoR9egso shall be entitisd to all oompensatiw~
awards. snd other payments or reNef the~etor and ta hereby authorfzed, at its optbn, to commencs. appeer In and prosecute~ in its own or the Mortqa~ora
name. any ection or proceedlo4 relatin~ to any condem~ation, and to settle or compromlae any c1aJm in connectlon therewith At! auch compensatbn,
awards~ dampes. claims, ~qhts ot action and proceeds aad the rfght theroto a~e hereby aaaqnsd by the MoR~aqor to the Mat~ee, who, afte~ deductin9
<therohom all its expenses. ~nc~udiny attomeys fees, may release any monies so ~eceked by it without eHectin~ the Iten ot thta mortyepe o~ may sppy the
same tn such rt?anner as ths Matfla~ee shall deternnin~ to the ~eductlon of the aums secured hereby, and to a~y prepaymeM charqs hereln provided end arry
balance ot such monbs then remaininq shali be paid to the Mon~a~a. The MoKfla9or. agrees to execute such lurther assipnmenta of any compensations,
awarda, dampea~ claime~ ~hta of actlon and proceeda as tAe Mongs~ee may requira .
25. in the event thia matQa~e is lunlor and interior to any other mortga?~e ar?d/or lien on the above-descdbed real property, and this mortgafle is ~iven
withfullk~owledpeofsuchaupe brmort~afleand/orHen,thatsatdauperiormort~ayeand/orllenwillbepaidbyMort~a~orinaxordancewiththetem?sa~d
oonditlons thsreof without reflard to any ~race pe?1od es contained theretn and tailure to make s81d peyment wfil constitute an automatfc default in thls mqR-
~a~e and the whole af aald principal sum secured he~eby ahall ianmediately tfe~o~91e due and payabfe et ihe oPtion of the Mort~a~ee. Addftlonally, the defauR
in the pe~formance ot any oi the terma, provisions, covena~ts, or agreements contafned ln any auperior mongage and/or lien, or the commencement of any
actbn to forsdo+s~e a~y aatd superior mortgage and/or lien, aha
1_~ naUtute an aut9matic delauit in this mortflage and the whole of satd principal sum secured
hereby shall immediatey become due and payable at the op~TOn of the Mortgegea
28. This mortyage shall be construed as a security agreement under the Flo?ida Uniform Commercial Code.
, 27. Other provisions:
8~4292
•$7 n~Y t5 a~o :t a
FILED . . ~
DOUGI.}? "
ST. LUC1~_ . ; ~ -
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above writteR
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br(f.7~~ MX ' (Sea~
on~ ear 1 n~ sorrower
~
. ~ o.,,.~-a.w- ~ csea~
~ ar ara . ee nger Borrower
INDIVIDUAI. ACKNOWLEDtiEMENT
STATEOF FLORIDA ' )
: gs -
couNnroF S'~. LUCIE ~ -
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Tha.fotepo.in~;tna~na(nent was acknowledged betore me this ~th dey of M8Y .
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1~~ 87 .,.~y ~#ton~l ,e~rl Seelincter and Barbara S. Seelinger his wife _
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~J'' ; . '"~}Y;.PU~~'iC STATE QF fGORIDA ~ie~IZ/Yl.
My Com~11i~~ ~x
~ ,s; C ,f`1)111f~S5I0M EXP. JUIY 28,19e7 -
- - - d -?.~BQ~Dy ~~1RU GENERAL_ ~NS. UNO. NOTARY PUBUC
. . `7,_ . .r~`- rti . F. " - ~ '
, ' ~ CORPORATE ACKNOWLEDfiEMENT
~ ~ . ---r=`
STATE OF ~ ~ •
~ : ss
COUNTY OF ~ ~
The foregoing instrument was acknotivledged before me this day ot . '
- 19 by and •
respectively President and Secretary of
, e CorpOration, on behalf
of said corporation.
INy Com1nisabn ezpires:
NOTARY PUBLIC
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