HomeMy WebLinkAbout0955 . ~
10. Th1~t 1~AoR~a90r wip not permlt any othsr Nen~ to be tiled~a
in~l the sRid pr•misa snd if any suc~ Ilena are flied whether par~mount or subor
dinete to thb mort~a~e. MoRQaQor wfll have a cauts to bs h~d s~k7lisM dlachuped immsdlatey.
Z t. Mort9e~se ihaN Mtve tAe ~i4ht to cl~anps Mortp~ola acoount wltA MortqaQss fa ths fnterest ~nd p~incipal payab{e r?a provW~d in the promissory
note as such becomss dus in ~oor~d~nr.s thsrewttA.
22. If the MortpsQss roqusat~ MortpWo r heroby ctaven~nts endsy reas that Mortqaqor wtli fumish the Mort~epee annualy t~om the dats of ths
moRQa~stnstrument,unkasomsolhe~datelaiqroedtobetwesnthspsnieslnwritinp,~certHisdauditedNnancl~IstetemsntottheMort~~po? andannu~!
oomptets opentinq ~t~tements of Mo~t~or. !f the MortqaQw's fl'ca! or pbndar ysar shall not coincld~wHh ths d~te hereln spscHled, then the date whlch
/hsMort~apseshallspscNyshallbecontrolNnq.MortqaqorshsllsuppyMortpayeewithsuchoths?flnanclalat~temontsaaMortyapssmeyfromttmetoNme ~
roquest
23. It Is e~roed thet nothin~ Mreln contalnsd nor any trans~ctbn ~elated thsreto shstl bs conatrusd or so opeorate ea to ~equtro the t?~to?tpapa to pay
interest at a rate proatsr than ti ta now lawtul In ~uch caao to oo~lrsCt ta, or to maka any peyment or to do ~ny act contrery to law; lhat N emr clauaea or
p~vlsbne hereln conlalned operate or would prosp~ciNely operpts to Invalldats thb Mort~ e or sald Note In whole or tn part, ihen auch Ctauass and
provtsbns ony ah~li be held to~ nau91?R as thouph not hereln cont~insd, and ihe remainder of thb Monpaqe shall remain operetive and in fuli fon;e and sffect
- 24. tf ~11 or sny part a1 the mortpaped property ahafl ba dama~sd or teken throuyh condemnetton (which te~m whert uaed !n fhfa monpa~s shall irr
dude any dsm~pe or takinp arry povernmental authority, ~nd any t~anafer by p~ivate sals in Ileu thereof), elther tsmpor~~fy or permanenty. the entire In-
debted~eas secursd heroby eN, at the optlon ol the MoR~O, bscome Immediatsiy due and pay~bla ths MoRyaqes ahatl bs sntitled to All c~ompan=etbn,
awasds. end other paymenta or ~eUaf thsrsfo~ and ts hereby euthaked at its option, to commenoe, appear in s~d prosscuta in Rs own or ths Mo~tqa~ors
name. any actlon or pro~cssdiny ~slattnp to am? condsmnetion. and to e~sttls or compromiss eny cl~im In oonnactbn therewith. All auch compsnsatb4
~waMs. damipe3, c41ms, rqhts ot action ~nd proceeds and ths~~ipht thereto ars tiereby eissipned by the Mo~t~or to the Mortpapes. whq aftsr deductin~
therehom all Itb expensss„ includinp ~ttomey4 fess. may ~eleass any mpnbs ao receNed by it without atfectin~ ths Uen of this mott~aye ot mey apply the
same tn such manne~ ss the Mortypee shdl dete?mine, to the roductlan of the aums secu~ed heroby, and to emr propayment charpe herein provided, and any
batance ot such monies then romainin~ shali be paid ta the Mo~tpaQar. The Mortg~qor eprees to executs such tu~ther asslpnmenta ot a~y companaatlons.
awards, dampes~ claima~-~hts of ucNon aod p~oceeds sa the Mort~apee may requira
2b. In !he event thls mortpaQe ts juniorand interior to any othe~ monqaqe and/o~ Iien on the abov~dssc~ibed roal property, and thia mon ape is 9iven
with full knowledqe of such supe~ior mort9aye and/or lien, that satd superior mon9afle and/or lien will be paid by Mort~aqor M aocordance wfth t~ te?me and
oondHions thereof wfthout reQard to any Qrace period as contalned thereln and tailure to make said paymsnt wfll consiitute an autom:ticdsiault tn thla mcsrt-
tn~the npertormance of enyo
ihe tenns, pr~rons~covenants, or sp
ement~s cor?~trtinid Ma~~ysu~~ moiigpe and/or leo, o he com~men
emen ol any
actior~ to ioredose any sald aupe~lor mort~aqe end/or lien, ahall Conatltute an autom~tic d~hhult in this moR~a9e and the whole of said principal aum secured
hereby shstl immediatey become due and payable at ihe option oi the Mortgsp~e.
28. This mortgafle shall be conatrued as a security agreement under the Flarida UnHorm Commercial Code.
27. Other p?ovtsions:
;
' - p3 - JJL-..~~i ~ G. li i.~ ~
r, . _ ~
IN WITNESS WH~REOF, the Mortgagor has executed these presents under aeal ihe day and ysar first above written.
` ~ ' ~ ~
(Seaq
Thomas C. Moore eorrower
`J~~L.[~pC~n ~1 -~~~Pi~t ~ a~,1~~ ~ , L ~ ocn csean
Barbara L. Moore Borrower
INDIVIOUAL ACKNOWLEC(3EMENT
STATE OF FLORIDA ~A ~
.Y'CR QQ
y~~ ~ . ~i
couNrr oF s ~L CIE
~
,~T ~!"Yorepoin~ irt~tn~ent was acknowtedged before me lhis 29 th day of June
,
. .
: = ~ ,..;~~-~~`r .
~g
5~~~,dy -C.. M00 ~nd BARBARA L. MOORE, his wife ,
.
I j, ff ` f~~~.~~ , FUBLIC S1AtE OF FlCRIOA
~ My,+Cqlmihis8b~ ¢~p~~~ - -s~ ~.C~
_:a;;!:
~ • r',; ti ~ , ; ,COMlIISS(ON EXP ,11SL~ 28,1991 .
nT~~?'~~'~ ' KDfD INRU GfMERAI IMS. UfIU, NOTARY PUBUC
, '_:t~t ,~r. `
`Y'X4
•;x , :~:r.'ty~; ~
~
"i''~ CORPORATE ACKNOWLED4E~AENT
STATE OF ~ ~ ~ ~
: $S 835236
cou~nr oF ?
The foregoing instrument was acknowledged before me this day ot ,
~ -9 . A 8 :qp ~
19_ - - by and ,
~ O
reapecthrey President and Secre ~
` CRK
_ st ~uc~r: : ` ?
, a corpora~tbrx on behaM
of sald corporaNon.
AAy Commiaabn expires: ~
NOTARY PUBLIC
gooK 5~9 PAGE 954 3