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Home My WebLink About0948 Thst QAwtqapor wfN not p~~mit.~y ans~ u•m io o. riNd jQalnst th~ safd pnmis~s and N am? such Uen~ an flNd. wheth~r panmoun! ar subw- dinat~ to thls mort~p~,l~Aort9por wM~ h~w o~ cauN to be had ub Ilrns dhdtia~ped Imm~diat~ly. 21. Mort~ sh~N haw tM nol~t to charq~ Mortp~po~e aooount with MortpaQs~ tcr the fnlKe~t and princ~sl paY~We aa ~ovid~d In the promiswry ~ote a such b~cbm~s du~ ~n aooot&no~ th~rswith . ~t4.. M~ Mo ~W N wmi ahe d~ate b aq~id io a~etw: n ine aK ~eea~inMq, a~~ t~iea iuan`sd rinuh ?~clMaiia~`tsmiM a ihe Mf atq•~~h~e d.d •n uh~ th~ M~OrtpwN sthall t~spsCify iha~I bs conl~rolllnp tMort~ Il eupply~ Mort9a~sewlth wch oths~r fi~ a~l tatoments u M p~ig~ may romm tams toian~e roqusst 33. tt b a~raed thal nothln~ hsrein contetnsd ~a any tnnsactlon nlatsd thereto ahall bs conetrued or so opente as to requfro ths Monps~or to p~y Interost at ~ ale proater than it is now Iawiui In such caes to contnct for, or to make any paymenl ot to do eny sct contnry to lAw; thal if any clausss or pro~vNbns heroln oontsinsd opents a woutd prospe~tNey ope~ate to InvaUdate Ihia Mc~tpaye or said Note in whoFs or In part, then such clauses and provisbns ony al?all bs held for naupht, at thou~h not hersin conteinsd, and tho rem4inderof this Matqaqe shell ramain operatNe and In ful! fon:e ~nd etiect 24. If all or any p~rt of Ihe mort~aped propsrty shdl be dame~ed or take~ th~ouph condemnation (whtch tem~ when used In this moR9a9s eh~ll in~ duds a~y damape or takin~!~y any qo~rernment~l auihoiKy. and sny transtar by p?ivste aale In lieu thereof~, elther temporeriy or permaneoty. the entirs In~ debtedness aecured hersby sf?~II. ~t the optbn ot the Monpsyee, become immedletely due snd payabla Ths M~t~aqee shatl bs eotNbd to all oompenaatlo~ awards~ and oihsr psymenta a ~eliaf therefor snd is hereDy authot~ed at fts optlon, to commence, appesr In and prosecute. In fts own or the Mo~tpapors nsme, any actlon a proceedlnq reldinp to any oondemnatio~ and to settle or compromise any cfaim in oonnection lhsrswith. All such compsnsatbn, awards, damapse~ clalms, riqhts of actbn and pror.eeds and ths rlQht thereto ars hersby assb~ed by ths MortQaqor to the Mat~apee. who. atter deductlnq therehom ~It tts exparqss, indudlnq attomsys tss0. maY re~ease a~Y ~Nea so receNed by it without ~ffecttnq the tien of this mortps~e or may apply the same in auch manner as ths MatQs~es sh~ll detemnine, to the reduction of the sums aecurod hereby, a~d to any prepayme~t charpe he?ein provWed. end eny balincs of such monles then ramatninp shall be pf~W to ihe Mortqa~a. The Mortgaqor e9rees to execute such funhsr asst~nmsnts of eny compensetlons, awaM~, dema~es, clelma, ~iqhts of actton and proceeda as the Ma?tyapee mey requtrs. ~ 26. in the eve~t this mortpape Is Iunior and interior to any other mortqape and/or lien on the above~described real property, and this mort9ays ts given wftA futl kno~rled~e ai auch superbr mort~a~e and/or ifen, that said aupe~ior mortflaye and/or llen will be peld by Mort~aflo~ in aocordance wfth the tsrms and aondillona thereof without repard to any p~ace period as contatoed therein and taflu~e to make said payment wlll conatitute an automstic detault in this mart- ~a~ and thswhole ot safd principai aum aecu~ed hareby ahall immedtatey become due and payable at the option of the Mortqa~ee. Additbnaly, the deiauR M t e pertotmance of arry oi the terme, provistons, covenants, or a~reements contained in any superior mon~aye and/or lien, or the COmmencement of any action to forddose any sald superior raortpafle a~d/or IMn, shall constitute an automatic default in this mortgaye end the whole of aaid principal sum aecured hs~eby ahall Immediatety become due and payable at the optlon oi ihe Mortqa9ea 28. This mortqa~e shall be conatn~ed as a secu~ity agreement under ihe Flo~ida Uniform Commerciat Code. 27. Other provisbns: ~~4295 ~ '87 tl~Y 15 A10:21 - FILED ~~,a~.i~ aOUGIn ~ f ~ ~ : FRr? ST. LUC~t_ Cc;~~t~:'~. F,_. IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year (irst above written. ~ . (Seaq il Franc sc , Jr. Bor~ower /yl `i~1.~CJW~/~ ' tSeaq Delayn M. Francisc Borrower I ~ INDlVIDUAI ACKNOWLEDOEMENT . - 3TATE OF ~ORIDA ~ COUN ' ~ r ST.~" L~CiE ~ ~ . T1~j~ ;-r y~r.. V. r ~ . The• f4reyoin~'' in3t . t. was acknowledyed before me thts day oi . _ -.~i . t?. - -"~IIL ~CISCO, JR. en~ DELAYNE M. FRANCI C0, his wffe t 9 •1sy . ' ~ ~ 1 : ' : My mf~on expirea: ~~~Y :PUBLIC STATE ~f FLQRIDA ' /3 K'~CGFNlISSION EXP. JULY 28*1987 ~~~r~~ BQf~p~QE;TNRU GERERAC IMS. UN~. NOTARY PUBLIC . - - ~ ~i;,:.. . - CORPORATE ACKNOWLED~iEMENT .:F. . 3TATE OF ~ :ss COUNTY OF ? • The foregoing inatrument was acknorrledged before me this day of . ~g by and • reapectively President and Secretary of , a corporatlan, on behaN oi ssld corporation. _ I AAy Commissbn axpkea ~ NOTARY PUBLIC 3 • e .q F 3i': `h`-, .