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?0. That Mort~aqor wIM not psrmlt ~ny dh~ Nan~ to b~ fil~d apalnat th~ suld pn+nl~ee ~nd N any iuch 1{s~~ sre Nlsd, wh~th~~ puamou~t o? ~ubor
di~at~ to tha mortp~pa Mortppor wll! h~w or cau~s to b~ had uW iisns discharpe~f imm~diatey.
~ 1. Matp~Qes sh~q haw 1M~t to chsrps Mortpayo~s ac~oount vW1h Mortpepee ta Ihe Intsreat ~~d princlpal payabb ss providsd In the p~omiseory
note a ~uch b~comes dus l~ acoo nc~ the?ewith.
Z2. N ths MaRQ~~e ~eqwltts, Mortpa~or hersby covenants a~d~ ress tMt MortQ~9or wlll fumbh ths Mortpaqse ~nnu~liy irom ihe d~te of the
mo~tqsqs Instrument,unkss~omeoth~rd~iaba~reedtobetwsentt~ep~Rliainwriik?p,~ce?tlpedaudH~dllninclalat~ten~ontoithsMortpa~o~ ~nd~nnual
complete opsratln~ ttatement~ W Mortqs~or If the MoApaqoi'a ftscal o~ cakndu yeu shall not oolncl~iwRh ths dats henin ~uscMled, then 1he datowh~h
ths Marl;_~ sM11 apecity ~hU1 tis controlNnp. MoRqaqor shsll suppy Monq~yee with wch otMr Nnanclal statementa ss Mort~yes may from time to tlms
rsquaat
23. It te aproed tMt nothinq ~leretn cont~lned nor a~y t~ar~sacibn rslalsd ihereto sM~ll bs consirusd or so oper~ts ~s to requlre the MO~t9s~ar to pay
intsrest at a rate qroater than It is now tewful ln such cess to cont?act fw, or to maks ~ny payment a to do ~ny ~ct contn~ry to law; that N any clawes o~ -
provislona heroln contalned opente or would prodpe~,~tivey operats to tnvatidate this Mort~pa~e or aald fVote in whole or t~ pn?t then such clauasa and a
{xovisiona ony sha11 bs heid ior n~upht~ ~s thou~h not harsin contat~ed, and the ~ematnder oi 1f~is Mon~ape ahall remsln operetNe and in iull force end etf ec~
24. If alt or ~ny peirt of the mort~aysd property ahall be damaQed or taken ihrouph condemnatlon (whlch tenn wl?en used In thls mortpaye shall.iM
dude emr damape o~ tak~ by sny qovernmantal euthority, and any tranafsr by privste sale te Iku theroofl. aither tsmporerity or perme~enty, ths entire In~
dsbtsdness securod hers~b~r afull, ~t the o~lo~ ot the Mort bscame Immedlatey due and peiyable~ The Mo?tpipss shsll bs sntltled to all oompsn~tbr~
aw~~ and olher ~ymen~s a reNef theretor and la he author~ed,, at Its option, to canmenca appear In and prosscutq 1~ its own or ihs Matp~po a ~
nam0. ~ny actlon or proceedlop rslatinp to any oondemn~tion„ end to settte or Compromise any Cla(m tn oonnecNon thsrewith. Atl such compRnaetbr~
` awards, damaqea. clatm~ riphta oi actbn and proc~eds and !he Hpht thsroto are hereby ~ssbned by the Mcxtppcu to ths Matppee, who, aftsr dsductinp
Msrotrom al~ h~ sxpensea, Uclud~nq aitomeys ts~, may role~ss any monles w rocstvsd by ~t w~thaut ~tfecttrp the uen ot ihis mort~epe or n=ay apply the -
s~ime in such mannsr as the Matqepse ahaN detdrmins, to tAs roducifon of the sums secu~sd hsreoy, and to ar~y ~aymsnt cbarps herein provided end am?
bslanes of sucfi monies then romalninp shall bs pald to the Mongaqor. Ths iNort~apor ~rees to sxecute auch turther asslpnmsnts of any onmpensatbns,
~warda, dams~~, claims, ~t~hts of aetion and proceeds as the Mo~tqayee may raqutra ~
26. In the svs~t thla mortpaqe b Junior and Inferior to any other mo~tpa~e and/or Iten on tha above~deac~ibed ~sal propsrty, and thfa mort aqe ia qiven
wtth full knovrledQe al such auperb~ mortq~ye a~nl/o~ tten, tt~at aaid auperJor mortqaQe andlw Uen w111 be psid by Mort~sflor M eocordancs wNh t~ tenns and ~
condRio~s thereof without ~e~ard to any q~ace pe~iod aa contalned therein and tailure to make said payment wlll constitute an automstic default in ihis mQrt•
9a~e and thewhole ot said pHnclpal sum aecured hereby ahatl immedtatey become due and payable at the optlon of the MortqaQee. Addltlona!!y, the default
M!ha pe~forrnance ot any of the tsrms, provisions, covanants, o~ a~reementa contained Io any supertor mortgs~e and/or Ilen, or the commencement c~# any
actbn to foredose any setd auperior mortpaye and/or lien, shall constitute an automatic defauk in this mort9age anc! the whole oi said pri~cipal sum secured
hereby ahali immediatety become due end Rayable at the optlon of the Mortgapee.
28. Thta mortga9e ahell be construed as a securiy agreement u~der the Florida UnNorm Commercial Code.
2T. Other provisbns: -
!N WITNESS WHEREOF, the Mortgagor has executed these presenta under sesl the day and year tirat above written.
~
~ . ~s88n
Derrell L. Abercro bie. eorrower
~ /~J~'~~}~I2_ ' (Sea~
oAnn Abercrombie eorrower
INDlVIDUAL ACKNOWLEDtiEMENt
sTnT~ oF . • ~FLORiDA ~
: ss
COUfiTY OF ST.-`LUCIE ~
f.' ~ . ; .
The ior,e~l~q~~ J~1Nment was acknowledged before me this UC day of ,
• ` 4 r, .
t9~ by L L. ABERCROMBIE aRd _ JO ANN ABERCROMBIE. his wife
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MyCOmmibSiC~~¢~fAS: pptpqY pUBllt STIITE Oc fLCR1~7A ~jyJ~ r~~~J/y~
• '=t~~ ' MY CGRNiS510N ExP JULY 28,1491 ~~.3[.L=_ C-~~'!"" -
BO1iGfD 1HRti GEAERaI IKS. USD. NOTARY PUBIiC ~
CORPORATE ACKNOWLEO(iEMENT
STATE OF t 8~~~ I
: ss I
COUNTY OF l I
The fore~oing inatrument was acknowledged before me this day of _ ~ A 8%~7 , I
19 bY and _ ~~~1tCTT~i17,~,,,'~~ ~;,~*TiTj,~--.-,
reapectivety Preaident and OQUG~ t~' y; i':. • C~~
. Secr~~~ e~~ ~
, a corporation, on behaM
, .
of said corporation. .
Nly Commiasion exp{res: ~ .
'
NOTARY PUBLlC
I . 3 800K t~i~7 PACE ~747
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