HomeMy WebLinkAbout0982 ; U (li,it Mur~yd~~or ~rviil not pc~rmit any uttie~ I~ens to t~u f~led aga~nst !he sa~d premiscrs and if any Such I~ons are filed whett,er ~~;~r.a~ru,~nt ur sut~Or
~t~ii.~lc 1~~ IIuS nlo~ltJ.lyO M11ort4~agor Will hBVe O~ Cdu50 t0 bU hTd Suid htrn5 d~SChTtd@d ~mmQd~alely
i ~ Murtqa<<ea shatt ha~e? the ?+pht to charg~i Mongayor's accoum w~th Mortgagee lor ihe ~merest and pr~nc~pal payabie as prQw~~P.1~ ,n the prum~ssory
~u~t~~ ,~ti such bucomos due ~n accordance therew~th
'l7 tt tt~e Mortgagee requests. Mortgaaor hereby covenams and a~reos that Mortgagor w~u (urn~sh tho Mortc~agee ~nnualty (rom the; date of th~s
nw~tyayo msuumont unless some olher dato ~s agreed lo between the parl~es ~n wr~tmp. a cert~hed audrted tmanc~al statement af the Mo~tga,yur and annual
: o~nplete operai~n,y statemo+~is o( Mortgayor 1/ tho I4lortga~or's f~scal or cato~Aa~ yPar shaN no! coinc~de w~th the date herem spec~fied then the date which
~her Mu~iqa~~ee shall specify sha11 Ue canirolhi~g hlortgagor shall supply Mortc~apee wilh such othor t~nanc~al statements aS Mortgayee may trorn t~me to time
~equi?st
23 it is aqreed that nothmg here~n r,pnta~ned nor ariy Uansaction related thereto shall be construed or so operate as tu requ~re the Morigagpr to pay
~~+terest a~ a rate grc~ater than ~t ~s now lawtul m such case ro contract (nr, or to make any payment or to du any act contrary to law. that ~1 any clauses or
;~ruv~s~uns ,~ere~n conta~ned upe~ate or would prospacnvely operate to mvahdate th~s Mortgage or sa~d Note ~n whole or ~n par? then. such clauses and
~~rpvisions unly shall bo hald far naughL as though not herQin contamed. and Ihe remamder of Ih~s Mortgage shalt rema~n operatrve and i~i (ull force and eHect
24 If alt or a~y part ot thu mortgaged propsrty shall be eiamaged or taken through condemnat~on (whrch term when used ~n this mortgage shall !n•
~-iude any damage or tak+ng by any governmenta! author~ty. and any Irans(er by pr~vate sale ~n heu thereotl. e~thor temporardy or permanently ihe entue m•
de~tedness secured hereby shall at the opt+on of the Mortgagee. become ~mmed~atety due a~d payable The Mortgagee shall be enUtied to all compensaUOn
awards and other payments or rehei therefor and ~s hereby authonzed, at rts ophon. ro commence. appear en and prosecute. ~n rts own or the mortgagor's
name. any acUan or proceedmg relabng to any condemnaUOn. and to 5ettle o~ comprom~se any tla~m in connecuon the~ewuh All Such compensahon.
awards damages cla~ms. nghts of action and proceeds and the nght thereto are he~eby assigned by the Mortyagor to the Mortgagee. who. alter qeducnng
therelrom all its expenses ~ncludmg atromey's (ees. may r~leaso any moneys so rece~ved by ,t w~thout aifect~ng the iien o1 th~s mortgage or may app1Y the
sart~e +n such manner as ihe Mo~tgagee shall determ~ne to the reduct~on of the sums secured hereby. and to any prepayment charge here~~ prov,ded. and any
balance ot such moneys then remain~ng shall be paid to the Mortgagor The Mortyagor agrees to execute such turther ass~gnments of any compensatrons.
awards damages cfaims iights of achon and proceods as thP Mortgagee may reqwre
25 Th~s mortc~age sha!I be construed as a secunty agre~ment under the Flcnda Un~form Commerc~al Code
26 Other prov~s~ons
"This mortgage is assumable only upon written consent of the Southeast Bank,
and the Bank shall have the option at it's sole discretion to increase the
interest rate on the existing obligation at the time of assumption."
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goa~ 568 P~~E 982
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