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Home My WebLink About0994 . ~ . ' 20. Thet Mo~tpspor w1N not permlt any olher Ilsns to bs Iilsd a sin~t ths sald p~smkaa and M~ny such Ilens a~e flled whethsr pa~dmounl or eubaa dln~te to thb mortp~qa Mat~Wo~ wlll havs or caute to bs hed ~ Itens dl~charaW immedWtey. . . 21. Mortpaqes shall h~vs the rloht to charqe Mortqa~ors acoount wlth Maiqspoa tor the Intersat ~nd prtnctp~?1 payable u provldsd in the prombsory nots as ~uch becomsa dus In accordtncs thar•with 2Z. N the MatQaqee rsqus~t Mort9 aqo~ hareby covenants ~nda~re~s that Alart~s~a~ wl11 fwnlsh th~ Mortpapw ~nnual hom ths date of the oomp4leti ~op~srat~ins~n~titin~isnt~ f Mortsr ~ te 11 hereM~~~s en~thl or~ca~bndu y~ea~shali nno~t c~.olncldd~s with th~e dite h~~ialR~t~p~ctfled tha~ ihs date wF?~h the M~tpaqes ahall sp~cHy tAsll br controlNnp. MoApapor slull supph? Mort~pae wlth wch other tlrunctAl tl~tem~nts ~s Mortpaqe~ m~y from time to tkns roQwst ~ 23. !t b a~roed tMt pothin~ Mrel~ cont~ined nor any tran8actbn rslated thsteto ihall be con'truad or w opsrats at to ~eqults tha Mwt~o~ to pay Mtersst at a nte pro~ter t~an it b now lawful In auch case to contnct tor, or to m~ke any paYment a to do any act contrary to II?w th~t ft ~tny clausec or provlsbns haretn oontalnsd opspts or vrould proapectNely opsrats to invaedale thb Mortpap~ or aald Not~ M whols or In pah, t~en wch clause~ and provisbns ony ahall bs held lor ~aupht, as thou9h rtot hereln conf~ined, end the rem~Mde~of th(s Monqaqe sha11 ~emain openNw ~nd tn full foro~ and aHect 24. If dl or any p~R ot ihs morlpa~ed propa~ty ahell be damaqsd or takste th~ouph condemnatton (whkh t~rm whe~ ussd fn tMs mortqs~s sh~N io- dude any dama9e or t~klnqby any Qarernmonttt autharity, and any trAnsfsr byprIv~ts sale in Ibu thsrsof), aNher tsmpondiy o?pemnu?onty. the sntire In~ dsbtedness ascursd 1»rsby aF~alt~ t,t ths optbn of the Mon bscoms Immsd~atey dus and p~yRWe~ Ths Mortq~qe~ ahall bs sntHled to dl oompsnaattoa aw~Ms~ and other paymanta or re11N the~Mo? and Is hsr ~uthwl:e4 at ita optton, to commence, rppsar in and prw~cute, in ita own a ths Mortpspo~a n~ms, any actbn or proc~sedtn~ ~etstlnQ to any oondemnstto4 and to ~ettls or oompromis~ any clslm In oonnection thKewith All such oompsnsatbn, a~wa~, damapes. claims, r{phta of sction a~d proc~~ds and tha ripht fh~reto rrs hereby usslpnsd by the MortQaqor to the MatQspee. who, sfter deductlnQ tMrehom all Ns expseess. tnctudinq ~ttomeys fs~s. may roleais a~y nwnles so rscslved by It wtthout aHectin~ the tisn of this mort s or may sppiy tha s qa~ same In wch manner at the MoRpapes shaM datermins, tothe ~eduction ot ths sums secursd hereby, and toany prsp~yment charps hsrsin provWed and any bal~nce of such monles t~sn remaintn~ shall be paid to the Mo~tqeqa. Tha Mortqapor ay~ees to execute such furths?asafpnmsnls ot any compsnsations. awerds, damapeR claMn~, rlphts of actlon srM procesds as the Mortp~ipse msy requira ~ 2b. In ths event thls mort~ape h Junlorand inlertor toany otAer mortq~pe and/or Ifen on the ~bove-dssc~ibsd real propsny, and this mort~ape Is ph+en withtuiikno~Macfgsofsuchwperlormort4apeand/orUen,thatsaldsuperlormort apeand/orlbnwfllb0p~idbyMo~tpayorlnaocord~ncewBhthstsrmaand contfRlons theroof without rsflard to any flrace pertod as contained therein and t~~lu~e tomakssald payment will oonstituta sn automat~ defauit 1~1 thia mort- pa~e and the whols of sald principal aum secured hereby ahall immadtately bacome due and payable at the optlon of the Mort4pee. Addftbnaty. tM dsf~ult in the pe~tormance of any of the term~, provisions. co~renants~ or e~resments conteined in any superior motfqeqe and/or Ilen, a the commencsment af any sction to forodoss any seld superior mq?tyaqe and/w Ilen. shall constitute en automatic default in this mort~aye and the whole ot sald principal sum aecu?ed hereby ahall immediatay become due and payable at the option of the Mortyaflea ~ 28. TAts mortpape ahall be constnied as a security agreement under the Florida Uniform Commercial Code. 27. Other proviabna 8S0'~83 OC'T -1 A8 :40 FILEO t~t~~. r::~;G~CE~1 OOUGLAS L'~XUN CL~FcK ST LUCtE CO~JHrY. FL. , ' IN WITNESS WHEREOF, the Mortgayor has executed these presente under seal the day and year first above writteR y . ; ~ ' ~~~N~~ Eu ne N. Wells a/k/a Gene . Wells ~orrower ~ ~ Q ,Se~, Brenda J. Wel s Borrower INDIVIDUAL ACKNOWLEDQEMEMT STATE OF FLORIDA ) :ss couNnroF ST. LUCIE ~ TRA'',~orepoiny lnatrument was acknowtedqed betore me this 23rd day o! September . L, J i.. ~ tg 8T~ : by ~~U6ENE N. WELLS a/k/a GENE N. WELLS a~d BRENDA J. {~IELLS, his wife My C~1~11I8slOf'f eXpif~; • ~TARY Pi~Bt?: SiAif OE il:eiCa j ~ r / r ~tQ~ :=dY CGr?I;S:!;,k Ex~ ~u:Y :2.i:41 ~ ~~~l~,~IJ~,K~/ll `/~l~ ~i~`?~V`'^~'~~ ; -'f • ?j 'BO~uE4 f!!~. GES;?Al :r'„ ~h;. NOTARYPt1BLIC • ~ ; . • ~j C~RPORATE ACKNOWLEDOEMENT . . , . t 8TATE Of.• ~ ~ . :aa COUNTY OF ~ The foreyoinq instrument waa acknowiedged before me thia day ot ~ • ~ 19 by end _ , ~ ! ; respectively President and Secretsry of ~ ~ ' ~ , a corporation, on behatf 1 d aaid corporstion. . g~oK55~ p~~ 994 MY Commiasion expirea: NOTARY PUBLIC 3 i ;