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20. Thai Mortpspor w~N nol p~~mit u~y olher N~ns to M Itt~d~palnN the ~aW pnmNp ~nd N~ny such Iten~ arv Nled, wheth~~ paremount or ~ubor
dinah to thb mortp~Q~, Martpapa wlll hav~ a caus~ to b~ h~d sald INr?s dbch~rp~d imm~dl~l~y.
21. Matp~y~ss ah~H hsv~ ih~ Npht to Ch~rps Mortqapa'~ ~ccount wrth MoR~aQ~a tor the intenst and pHnclpal psrebN ~a qrovlded I~ the proml~sory
nole as such b~eomas due i~ ~ccordsnce th~t~wltA.
mort~a~s initr~iimMent,aunwkus~oumiothsf
~tsi~~9 ~iedtob~twaenthspda~tlea~lnw~tin~ace~n~iledaudl edfln~ancl~lil~tNnentoitheMf~ th• d.a~a h~
oompkt~ op~ntt~n~ ttat~m~nis of Mart~~. N fA~ Monp~~a N~cal acabndar y~sr aMll ~ot colncld~ wNh tha dats heraln tpeclfisd, th~n ths datswhich
tM M ongaps~ sha11 sp~cly MdI b~ controlllnp. MoRqa~or ahail suppy l:ity!Mpee wllh auch other 1lnanctal atstements as Mo?tpaqee may from tlms to tims
roquea4
23. it is aproed that nothtnp herein contained ~or any t~ansactlon related thereto shall be conetrued or so opente as to ~equ~re the Mortss or to pay
interest at ~ ate ~n~tet tlun It Is now Iswlu! tn auch cass to coni~a~t for, or to mske any payment o~ to do eny act contrary to IaMr; that H any ~usss a
provisbna hsretn oonhined opstats a would pro3pectNsy opsnte to tnvalidate thls Mort~s~e o~ satd Note In whole or In part, thsn such cl~uses and
provbbns ony shalt be he(dior ~auqht, ss thouph not herein contained, and the romalnderof t Is MaKflaqeahall romaln operatNeand infull force and effsc~
24. M ~II or any part ot ths matqped property shall be dameqed o~ tekan th~ou~h condemnation (whlch term whan ussd In thls mortqape sball ln~
dude am dama4s or taktrp by any povemmsntal authorify, Nnd any transter by private sate In li~u thereoq, either tempora~i1y or permanenty. the entire in~
debtedness sacursd herebyshaN. ~t the optton ot tha M,;.l~s, become Immedlatsydue and p~y4blathe aAortpapae atw1~ 6s ent~tiedto alicompsnsatio~
wvarda„ and other p~y+nsnts or reNet the~etor ~nd is heraby authorked at ita optton, to con~mencs, appear im m~d profscuta in its awn or ths MortQapors
nams. arry actton or proceedinp ~etatinp to any oondemnatbn. and to eerils or c;omptomiss any clatm In connectlon therwrit~. All such compsnsAtbr~
~wards, damepes, cbiNns~ rqhts ot actio~ and proceeds and the ripht thereto ars hsreby adsbned by ihe MortQaqor to fhe Mort~ape~ who~ stter dsductlnp
therefrom all its expsnses~ !ncludinp attomaya fee~ mey rel~aae ~ny moMes so rscehred by It wtthout aHectinq ths Iisn ot this mort~ e or may epply Ms
s~me in six:h man~sr as ths MoR~es shaq detenr~i~e, to ths roductton of ths suma securod he~eby, and to any prspayment charoe herein provided, and sny
bala~ce ot auch moctiias then ~emalnFn~ ah811 be patd to ths MoRpa~or. The Mo~tgayor sarees to execute suah tuAher aasignments of a~y compensatiom,
avrards~ dama~as, dsims, ~qhts ot action and proceeda aa the Mort~syee may require.
2b. In tAe svsnt thfs mort~ege b Junio?and tnferbr to any other mortqaqe and/or Ilen on ihe abovadescribad real property. end this moR~ e Is ~iveh
with bll knawledpe ot wch supsNor mortyaqe and/or Iten, that sald superMt monyaQe and/or lienwill be pald by Mort~a~or in accordancswith the terms and
oondftions tltereof witl~art rs~ard to anyfl~ece period as contalned ihereln and iellura to maks sa~d payment wlll constitute an automatic default in thls murt•
and ths wAole of said princfpal sum secured hereby ahall immedtatey become due a~d payable at the option of the MortQa~ee. Additlonaily. the default
M t peAormance of ~ny oi the terms, pro~vfsiona, covenants, ot aq~eements contafned !n any superlo? mort~e~e and/or pen, or the commencement of any
actbn to toredose any aaid supe~ior mortpage and/or lie~, aAell co~atitute an automai~ defeult in this moRpa~e and the whole of said p~incipal sum secured
hsreby shall Immediatsly become due and payeble at the option of the Mortya4ee.
26. This moRpage sAatl be construed as e security ag~eement under the Florida Uniform Commercial Code.
27. 01her ptovisbna
IN WITNESS WHEREOF, the Mottgagor has executed these presents under seal the dey and year tirat above writteR
~
(Sea9
George S. aines eo~rower
~
~ ^
Alice M. Haines 8orrower
INOIVIDUAL ACKNOWLEDGEMENT
STATE OF FI.ORIDA ~ .
:ss
couNnroF ST. LUCIE ~
7h~ foregoi~fl i~strument waa acknowtedged befare me this day of ,
~g~'~~ GEORGE S. IiAINES a~d ALICE M. INES, his wife
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rc~~av Fuauc s1atE cF Fco~to~?
MyComMiazbn expires: • ~r ~a,~,yisstoM cxo ,t~tr 2a,i991
- Bpk~ED THRU GLy:Ri1l INS. utD. 1~OTAFiY PUBUC
~ -
, • CORPORATE ACKNOWLEDC#EMENT
3TA7E OF ~ pa35~~4
:es
COUNTY OF ~
~ '8J J~L -9 q g :38
! The foregoinp inalrument waa acknowledged before me this day o! ,
FIL~Q t~=~~' " ;~;r,., r-
' 18 bY end ~
' S1: LUC;~ ~~::ii~;<<'; `~,=ERK
~ ~L.
~sepectNely Preaident and 3ecrelary ot
{ , e corporatlon, on behaH
f
~ ~1 satd corpoi~tton.
~
~Ay Commisalon expires: .
N TAR . PUBIiC
f 3
t g~~49 p~~~ 950
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