HomeMy WebLinkAbout0970 ~ 20. Tnal Mo~lgagor will no1 pe~mil any olhur lions lo be liled apainsl lhe s~id premises and it any such liens are liled, whelher paramounl or subor•
d~nate to Ihis moitga~o, Morlgagor will have or cause to be had said liena discharpod Immedialely.
21. Morlgagee s~alt have Ihe ~igAl lo cha~ge Morlgapors eccounl wilh Murlgagae lu~ Ihe fnterest and prlncipal payable as provided in Ihe promisaory
note as such becomes due in eccordance Ihe~ewith.
ii (ne iuiurigapee requests, fvlo~lgagor hereby covenanis end agrees ihat i~iorigagor wiii (urnish ihe i~Aorlgagee annuaiiy irom tna daie oi ine -
mortgage Inslrumenl, unless some olher date isagreedlo belween Ihe parlies Inwritinp, a cerlllied audiled lina~cial stalemeM ol Ihe MoNpapor a~d ennual
complele operalin~~ slatemenls ol Moilgagor. ll the Mortgagors fiaCal or catendar yea~ shall nol coincldewilh the dale he~ein apecilied, lhen Ihe Oatawhich
the l~lorlgagee shall specily shall be conlrolling. Morlgagor shall supply Morlpa9eewilh such olhe~ linancial slalements as Mortpagee maytrom lime lotime
request.
23. It is ayreod tl~al nolhin}~ herein conlained nor any liansaclion ~elat~d tho~elo shall be consl~ued or sa ope~ate as to ~equire Ihe Mo~tgagor lo pay
interesl at a rate flrealer Ihan il is now lawlul in such case lo conlracl lor, or to make any paymenl or to do any acl cont~ary lo law; lhal il any tlauses o~
provisions he~ein conlained operate or would prospeclively operale to invalidale Ihis Mo~tgage or said Nole in whole or in pah, Ihon such clauses and
provisions ony shall be held tor naughl, as Ihough nol hereinconlainod, and the remaindatol Ihis Morlgage shall remainoperative end inlulllorce and ellaCL
24. If all or any pah ot tAe mortgaped property shall be damaped or teken Ihrough condemnation (which le?m when used in Ihis morlgage shall in•
cludo any damage or taking by a~y governmenlal aulhorily, and any Irensler by privale sale in lieu thereoQ :ellhe~ temporarity or permanenty, lhe entire in•
debtedness secured hereby shall, a1 lhe oplion ol lhe Mohgagee, become immediateydue and payabls. The Morlgagee st~all be entitledto allcompensalion,
awards, and olher payments or reliel Iherelor and is hereby aulhorized, al ils oplion, lo commence, appear i~ and prosecute, in ils own or the Mortgagors
name, any aclion o~ proceeding relaling lo any Condemnalion, and to sellle or compromise any claim In connection Iheiewilh. All such compa~salion,
awa~US, t3amaya~, Ciauns, ud~ils ui aci~on ;~nd piocueUs anU Ihd ~iyhl lhe~elo aru hareby assigirod by Ihd Morlga~or iu ih~s Morigagtlt~, wl~o, ailai Ud~iuclu?y
therelrom all its expenses, including atlo~neys iees, may release any monies so reCeived by it wilhoul allecling Ihe lien of Ihis roorlgage or may apply the
samo in such manne~ as Ihe Mortgagee shalt delermine, lo lhe reduclion of Ihe sums secured hereby, and lo any prepaymenl charge herein provided and any
balance ol such monies lhen remainin~ shall be paid !o Ihe Morl4~agor. Thu Mortpapor a~rues lo execulu such lurlhe~ assig~mu~ta ol any compunaaliuna,
awards, da~nag~s, cla~ms, rigl~ls ol aclion and proceeds as Ihe Morlgague may requi~e.
25. In Ihe event this morlgage is juniot and inlerior loany other mortgage and/or lien on the above-described teal proparly, and Ihis motlgage is given
with lull knowtedge ot such superior mArlgageand/or lien, thal saidsuperio~ morlgage and/or lienwillbe paidby Morlgagor in accordancewil~ Ihe lerms&nd
condilions Ihereol wilhout regard lo any g~ace peiiod as conlained Iherein and lailure lo make said payme~l will conslitule an aulomatic detauU i~ Ihis mort•
gage and Ihewhote ol said principal sum secured hereby shall immediately become dueand payable al lhe option ol lhe Morlgagee. Addilionalty, lhe del:+ull
in tlie pe~formance ol any ot Ihe terms, provisions, covenanls, or agreements conlained in any superior morlgage and/or lien, or the commencemenl ol any
act~on lo lo~eclose any said superior mortgage and/or lien, shall constilute an aulomatic delault in this mortgage and Il~ewhole of said principal sum secured
hereby shall immedialely become due and payable at tlie option of Ihe MortgaUee.
26. Tliis morlyage shall bo conslrued as a secui~ly agreement~under Iha Florida Unilorm Commercial Coda.
27. Olher provisions: ~
IN WITNESS WHEREOF, Ihe Mortgaflor has executed Ihese presents under seal ihe day and year lirsl above writlen.
j' v h~~.~~ (Seaq
Karl J . evos eorrower
i
~ (Sean
Borrower
INDIVIOUAI ACKNOWLEDGEMENT •
I STATE OF FLORIDA ~
, . :ss
COUNTY OF ST . LUCIE ~ ~ •
: if.
The loregoinp instrument was acknowledqod belore mo Ihis 5th day oj Februarv ,
. . .
~ :
~s 88 by Karl J. Devos - - - -
and t • l
NOiARf PYBLIC STAtE @F FLCpIDA . ~ ' ~
My Commission expires: ~ IIY COMlIISSI0~1 ExP. IN~Y 1J,1SS0 ~
~
BO!IOE4 INAtJ CEIERAI 1~S. UN4. NO AH ~ UBUC ,
CORPORATE ACKNOWLEOGEMENT
STATE OF f
:ss
COUNTY OF _ )
The (orafloing instrument was acknowludyed before me Ihis day ol ,
19 , by and .
respeclively Presidenl and Sscrelery ot
, a corporelion, on behall
ol said corpoialion. ~ Q c~c PaG~ ~(~1Q
BOUK J J t1v
My Commission axpires:
NOUiiY PUBUC ,
3
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