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HomeMy WebLinkAbout0951 . ~ . . . ~ . 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 . J " 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 , , , ~ $ _ ~ ~ _ _ _