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20. That Moitgagor will nol permit eny other l~ens to be tifed egamst Ihe aaid promises and ii any such hens aro (~~ed, whethe? pa~amount cr subcr-
d~nata to ~his mortgpge. Mortgagor w~ll heve or cauae to be hed said liens difchsrged immed~ately.
21. iNqrtdagae.shatl heve the right to charge Mortgagor's account wilh Aiortgagee for tha i~to~eat end principal payable as pro;~ided in ti'~e promissory
npte 3s such ~ecomes due in accordance therewith.
22. It the M~rtgapae requssts, Mortgagor hereby covenanta bnd agroos that Mortgagor will furnish the Mortga~ee annually lrom tha date ot thi•
mortgaga instrument. unlass some other date ia egreed to between tha parties in writing, a certified audited I~nancial statement ol the Mort~egor and ennutl
comnteta operating statements ol Mortgago~. It tha Mortgagor's fiscat or eslendar year shall not coincide with the dato h6~ein specif~ed. then the dete which
the Alortgagee shcll speci(y shatl be controlling. Mortgegar shall suppty Mortgagea with such other fi~ancial statementa as M~rtgegee mey lrom time to tima
. requost
' 23. It is agreed t~iat nothing herein conteined nor any trensection related thereto shall be construed or so operete es to require the Mortgagor to pay
intesost at a rate greater than it is now lawfu{ in such case to contrect tor. or to mske any payment or ta do any act contrary to law: that i( a~y clau~as or
p?ovisions herein contained operate or wou!d proapectively operate to invalidate this Mo~tgage o~ saicl Note in whole or i~ part, the~. such clauaes and
provisions only shall be held tor naught. as though not herein conteinsd, and the temainder of this Mortgega shall remain aperati~~u and in (ult force and eHect.
24. It all ar any part ol the mrrtga~ed property shall be damaged or taken threugh condemnation (which term when used in this mortgage shall i~-
clude any damage or taking by any govetamente! authority, a~d any t~anster by private sale in lieu thereo~l. either temporarily or pormanentty. the entire in-
debtedness secured he~eby shal! at the option of tho Mortgagee. become immediately due and payab~e. The Mortgagee shall be entitled to a~l compensetion
awards. and other payments o~ relief therelor and is herehy authorized. at its option. to commence. appear in and prosecute, in its own or the mortgagor'S
.name, any action or proceeding ~elating to a~y condamnation, and to sattle o~ compromise any claim in connection therawith. All such compensation.
awar~s. d~mages. cla~ms. ~igh!s of action and proceeds and the right thereto are hereby assigned by the Mortgagor to the Mor;gs~ee. who. aRer deductinp
ihorefrom all its expenses. includ'+ng attotney's fees. may ra~ease any moneys so received by it without affectin~ the lien of this mortgage or may apply the
same in such manner as the Mortgagee shaU determine, to ttie ~eductio~ ot th~ sums secured h6reby. and to any prepayment cfiar4a herein providad, and any
balance of such moneys then remeining shall be p~id to the Mortgagor. The hlortgagor agrees to azecute sLch (urther assignments oi any compensations.
awards, damages. claims. rights o( action and proceeds as the INortgagee may require.
25 This nortgage shall be construed as a security agreement under the F~orida Uniform Commercial Code.
26. Other provis+ons~ ' -
In witness whereof, the Mortqagor has executed these presents under seal the day and
year first above written. Signed, sealed and delivered in the presence of:
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INDIVIDUAL ACKNOWLEDGF~+IENT
STATE OF FIARIDA '
COUTNY OF ST. Lucie ~ _
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- .;.%TIji~ ~'r~ 'i,ttg instniment was acknowledged before me this 29 day of July _
. ~,g~'.,.82Yi'`'~ ~ _:;'~.lfenneth D. Burleson and 'Betty'Burleson,his wife
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My ~si~~~ ires: .
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~ ;ot~c: .C?~i%tc~T1U.~ at t~Rl..t
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~ ~ It~ M+~`f 23 i983
`fR~~sriti IN:~RWR~tft': ~ _
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' ary Public
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