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Home My WebLink About0935 20. Thet MortflaQor wlll not pe~mit any other Itens to batlled a~alnit the said prsmiaea and if eny such Ilena are Iibd, whether paramounl or aubor- dinate to this monpaps, Mort9a~or will heve or ceuae to be had sald ilens diacharped Immediatey. 21. Mortflaflee shalt have the ripht f0 charye Mortgaqora accbunt with Mo~tqsgeetor the i~tereat e~d principai payable aa provided In the prom{ssory ~ote sa auch beGOmea due fn accordance therewith. 2Z. If the Mo~tQapee requests. Mort9ayor hereby covenanta and a9rees that Monpapor wSli iurntsh the Mort~aqee annualty from the date of the . mortflage(natrument,untesssomeotherdateiaag~eedlobelweenlhepertleainwritiny,acehifiedauditedlinancialststsmentottheMoRpayorand~nnual oomplete operatin~ atatements of Monpafla. li the Monflago~'a ftscal or calendar year ahall not coincide with the date herein apecitied ihe~ the date which the Mort~ayee aha l apeclly shall be controlUn~. Mort~agor ahalt suppty Mon~aflee with such alher tlaanclal statemenla sa Mortgaflee may lrom time to tims requesl. . 23. li ia a~~eed that nothir?Q he~etn contatRed nor any transaction related thereto sha10 be co~st~ued or ao operate as to require the MortQs a to pay intereat et a rate qreater than it le now lawful i~ such case to contract for, or to make any payment or to do any ect Cont~ary to law; thet if any c~auses or provislons herein contained operafe or woutd proapectively ope~ate to InvaHdate this Mortpage or aald Note In whole or i~ pan, lhen such clauses and p~ovtsbns any shall be held f or nauflht, es thouQh nol he~ein contal~ed, and the remainder of this Mortgage shall remain operetive and In tuil f orce and eHecl 24. If ell or any part oi the mort~agad properfy ahall be damaged or taken through condemnation (which term when used in thla mon~aye a1?all in- dude any damaye o~ takin~ by eny governmental euthority, end any traosfe~ by private sale in Ileu thereoQ, either temporarily or pe~manenty, the entire in- debtedness aecured hereby shell, at the optfon of the Mortqa flee, becomelmmedtatey due and paysbla ~he Mortflaqee ahall be entitled to all oompenaatbn, awardsr and other payments or relief lherefor and ia hereby authorized, at fte option, to commence. eppear in and proaecute, in its own o~ the Mortqaqor's name, any action or proceedinp relatiny 1o any condemnation, and to seitle or comp~omfse any clalm in connection therewith All such comp~naetbn. awarda~ damagea, claima, rl~hts of action and proceeds end the ~i~ht thereto are hereby assiyned by the Morlqe~or !o the Mongagee, who, after deductiny therei~om all its expenaes, includinQ attomeys feea, may releaae any moniea so received by it without aNeCting the lien vf this moRQage or may apply the ~ame (n such manner as the Mort9agee ah811 determine, to the reduction ot the suma secured heteby, and to any prepayment charqe herei~ provided, end any balance of auch monies then remalnin~ shall be pafd to the Mongagor. The Mongaflor agrees to execute such lu~ther asslynmenta of any compensations, awards, damaqes, claims, ~ights oi action and proceeds as the Mortgagee may requlre. 25. In the event ihis mortyafle ia junlor and inferior to any other mongage and/o~ Iten on ihe above-desc~ibed real prope+ty, andlhfa moripaqelapiven withfullknowtedqeofauchsupeNormort~ageand/oilien,thstsaidsuperiormortgageandlo~lienwillbepaldbyMortgago~tnaxordancewiththetermsand oonditionsthereof wNhout regard to any grace period as contetned fheretn and failure to make said paymentwill constitute an automatic default in this mqrt- page and the whole of aaid principai sum ~ecured hereby st~alt immediately became due and payable at the option of the Mortgagee. Additionaly, the default in !he pertormance of any of the terms, provisions, covenants, or ag~eements contained in any supe~ior mongage and~o~ lien, or the commencement o( any actbn totoredose any said superior mortgage and/or lien, shallconstitute an automatic default in this mortgage and thewholeof sald prlncipalaum secured hereby shai! lmmedlately become due and Aayable at the option ot the Mortgagee. 26. Thts mortgage ahatl be construed as a security agreement under the Florida Unilorm Commercial Code. 2~. Other provisions: IN WITNESS WHEAEO~, the Mortgagor has executed thess presents under seal the day and year first above written. ' / ~ ~ ~ ~ ~ , (Seaq Gu L. Chibas eo?rower i ` (Seaq ; Deanna A. Chibas Borrower i INDIVIDUAL ACKNOWLED(iEMENT _ € a - I ; STATE OF FLORIDA ~ ~ _ :ss - couNrrOF~~ST. LUCIE , . :the~~toregoin~ instrumAnt was acknowledged betore me this day of , t9 by " a•~,~~ L: CHIBAS and DEANNA A. CHIBAS, his wife ' a~• , • H. . ' d [ i . • l~ ~ ( ~ / My Commissior, expires: ' ~~ta~`Y P°`; ~ `~t~~~.'/ L NY G~~~+iSS ~n E:i~ .1~1Y 26•1541 ~ BLA'JE9 14:nG G:~,E'~.l ':KS• ua9. NOTARY PUBLtC ~ i CORPORATE ACKNOWLED~iEMENT STAtE OF ~ :ss COUNTY OF 1 The toregoing instrument was acknowiedged before me this day of , t9 - by and 836'798 respectivefy President and •o,Sec e ary 'f P 3•~ , a f j~, F~: t~~~rporatton, on benait DOUGt_ = _ ~ ot said corporation. ST. LU'~IE My Commisa+on expires: - • NOTARY PUBLIC 3 ~M~G ~