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20. Th~t Mortppor W~M not permk any othK N~M to be H~d ~~aInat tIN ~aW pt~misas snd H any ~uCh Ileni aro Nkd whsther paramount a subor~
dl~ste to tha mo?t~~, Morip~qor will htw a caus~ to be h~d ~id 11sna di~oha~psd Imm~di~tey.
21. Mortsap~e dh~N haw ths t to char~ Mat~s9or's ~ooount with MortQape~ lor th~ Intsrest ~nd p~incipal psyabls ~s provW~d In ths promkaory
nots u wch becomes due in ncs thsrewlth.
22. if ths Mat9aqea ~sque~l~, Mat~a~o~ heroby covsnants ~nd~pnea thtt Morty~ or wlll furnish the Monpayea annualy f~om ths dato of the
matW9sinstrumsnRunNa~omsothard~tei~sproedtobstweenthep~nlainwrNin~,~c:~rt~ted~udit~dflnancivatatsmsntotth~MoR9a~ and~nnus!
th~sMort~ qessh~ll
~specmyihi/bic~oM
ollnpn.MoKq~qo~shallou~ppyMort~~yeaw tt
hi~uchothe
~Ilnanclansta ements~Mo~p~qesdmaytromtl~metatims
roque~t ~
23. It Is aqroed ihat nothtn~ heroln contsined ~or any tr~nsactbn rNated iheroto shall bs con~t?ued or so operate a~ to requtro the Mortqa or to pay
intsroat at a rate preatsr than It b now lawful In ~uch case to contnct for, or to maks a~y pe~ym~nt a io do ~ny sct controry to lavr th~t N any c~uses or
ptovi~bns herotn oontalned aperete a wouid pro~pecth?eN opsrate to invalidete thls Mortqt~e or a~ld Nots In whole a In paii. t~on such cwuaes and
provitiona ony shall bs held tor nau9hl, as thouyh not hereln contalnsd, and the rem~Indsr ot thls Mortqa9s ahall remain opersthrs and in fuil force and ettsct
24. If all or any p~n of the mon~s~ed property shaff bo dam~qed or taksn throu~h condemnailon (which term when used !n thta monQape ahall in~
dude any dama~e or iakirqby any qovernmental autho?Ity, and eny transtsr byprivate apFe In Ileu thersoq. eithsr temporerily o~ permansnty, !he entirs Irr
dsbted~ess aecursd hersby sfiall, at the optbn oi ths Mon~a a, b~come imMedlaiehr due and payaWe~ The Mortpaqea shall be entftled to cll oompensattot~,
~wa~, and othe~ p~ymenta ar reNSf theroior and ~s ~orei~y
s~utnorited, ai Ifit Opil0~1. TO Cp1n11~OnCe, ippO~r in an~ ~oseci~ie. i~ n°3 in~?"ii v: i~S ~~siga~'s
nam~, any ~ction or procesdinp ~elattr~q to a~ry oondemnatbn. and to settls or comprombe any claim In oonnectbn therawith All such compensation.
awarde, d~ clalms~ Nqhts of actbn s~d procsads end ths ripht therotolue hsrOby asiq~ed by th11 Mo~tpapor to ths Mort~sqes, whq after deduCtlnQ :
thsrslrom ~I~xpsnsaa. U~cludinp attome~a fsss, may rolease ~ny monles so tsceNsd by it without atfectlnp the Nsn ol this mort~~ or may ~ the
same In such mannsr as the Mortqaqss shali dat~nnln0. to the rsduction ot tM sums securod hereby, a~x1 to any propayment charqs here n provided~ e any
balancs of such monies theo remainln~ ehall bs paid to the Mort~ cr. Ths Monqs~o~ sgrees to execute such (u~ther assipnmanta of any compenaationr~
aw~Ms, dama~es, claima, rlphts of actlon and proceeds as the Mo~tgagee may requira
25. in the evs~t thb mo?t~aye la junic~r and Inferior to any othsr mortpe~e and/or Hen on the above-deschbed real propsrty, and this mortpa~e is piven
with full knowled~e of such superb? mortpaqe and/or Nen, that sald supeNo?mort a~e and/or Ibn wfll be paid by Mortpaqor in aocordanoswith tf~etem~a and
oondftions thereof vrithout repaM to any qrace perfod as contelned thereln and ta~lure to mske said payment wlll constttute an automatic defeuR In thia mqrt-
qs~s andthewholeots~ldprincipafsumsecuredherebya~allimmediateybecomedueandpay~bleattheoptlonoftheMort~aqee.Addkionally,thsdsfault
M ths psrformance oi any of the terms, provisions, covenanta, or aq~eements contained (n any superior morlqa~e end/or Ilen, or the commenCement of any
actbn to toredose any se?id supsrio? mort9a~e and/or Iten, shall constttute an automatic cletault in thla mort~age and the whole of said princtpal sum secured
hereby shatl immedtately become due and payable at fhe option of the Mortgaqee.
28. Thla mortQa9e shall be conatrued es a securiry a9~eement under_the Florida Unfiorm Commerciel Code.
27. Other provisbns: .
IN WiTNESS WHEREOF, ihe Mortgagor has executed these presents unde~ seal the day and year iirat above w?itten.
tsean
• ~
~Paul K. Grabiak eorrower
~ - ~VEk:(~P~X.~ cs~n
~ aura B. Grab ak Borrower
INDIVIDUAL ACKNOWLEDGEMENT
STATE OF ~•ORIDA ~
:ss
couNN oF ~ ST. LUCIE ti
~ ~ ;
The~Y (nQ tnstrument was acknowisdged betore me thts 30th dey of June ,
~•:4~} ~ f. .
;
19 8Z P~UL~~ GRABIAK and ~V~ B• G~~~ his wife
zs , j,; ~
i~~.. ~"F r~. ~
MyG,pmq?~aaion exp~~:~, ,'~NpTApY ppBLit STATE QF FLOAIOA MM
. f~; ~ //v/(
,;~.,~i~,~~ ..f:' ~ COMISSIOM EXP dOLY 28,t991 NOTARY PUBUC
~ 4y ~•~pIpEO 1HRU GEBERAI IMS. 1iND.
~
~ CORPORATE ACKNOWLEDCiEMEHT
~ 835231
STATE OF ~
~ 88 '87 -9 A 8 :35
couNnroF ~
The toreyoing inatrument waa ecknowledged betore me this day oi FILEi~ ~•~i~'• ' ~
OOUGLAS J J'?~~ ~~;~_ERK
~ St. lUC1E f Y. z~_ ,
' 19 • bY and
raapectively President and Secretary of
, e corporation, on behaM ~
of saW corporation.
Nly Commission expirea: '
NOTARY PUBLIC
3 a~ ~9 ~ ~4~
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