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Tha~ Mw~ga~r w~ll not perm~t eny othsr i~ens to Ge hled age~nst ~h~ sa~d ~;rem~sss nr,o ~1 any such i~ens aro fded wnutne~ peramoun~ or subor
t~ th~s inurtuaNe Murlysyor w~ll have or esuse lo be Aad saia lrons d~scnarped ~mmetS~stely
~ 1 Mortpa~ee shall have t~e s+ght to ch~ige Mo~tytgur s account wuh Mor~gapse (o~ the ~ntorost snd pr~nupal payabl~ sa prov~ded ~n ~ha p~om~ssory ,
,i~ such trecomes dus ~n scCOrda~ce Iherswsth
l2 I} the Mortga~s requssts. Mortgaeor hs~sby cov~n~nts ~nd spre~s that Mortyapor w~ll fu~n~sh the Matpspes snnuslly t~om the dat• ot th~s
~~~~~~,ye,ye msirument. unisss some oths~ dats ~s ~areed to b~tw~n tM parues ~n wr~t~nq, a prUl~~d ludrt~d hnanuN statomont oi irw 'ntianpaflor and annwl
~>>Niaie operat~ng statements of Mongeqor If the Mort~s~or's hsCai pr cetendar ysar sh~li npt Co~Mide wrt1? tt?e date h~r~in spea(~sd, tMn the date wh~ch
~ r Mor~gagee shall speufy sheU be controtl~ny Mort9spor shall supply MortgapN w~th such athe? f~nancul statsments as MortQaqse mey Irom Ums to t~ma
;~~~si
23 It ~s agreed thet no~h~r~y hsrs~n co~te~ned nor sny trans~ctron relatsd tAerot~ s~~.~~ i: t.;~~f!_~~ o~ ao requ,rs the Mortp~flo. to pay
~~~est at a rate greater than rt ~s now law(ul ~n such cass to comract fo~, or to make e~y paym~nt w to do ~ny sct contr~ry to law, that ~f a~y ct~us~s w
;•u~~s~ons hereu~ contamsd opsrsts or would prospscUvsly oper~te to ~nvat~dat~ th~s Mortt~fls a s~~d Note ~n whol~ a~~ part, thsn. wch claus~s an0
~vons only sha11 be held for naught. as ihouph not h~rein tontam~d. a~d tM remainder of th~~ MortyaQ~ sh~il r~m~m op~rat~w ~nd ~n full forc~ ~nd ~N~tt
24 Ii all ot a~y part of ~ha mortgsfled property shall b~ damaeed a taksn ihrouflh cond~mnatwn (wh~ch term whe~ us~d ~n th~s mortqa~ sha11 ~n-
!~.~fa any damage or tskinp by any governmental authorrty. and iny tr~nsfer by pnvsts sale m I~u tMrsof?. ~itMr t~mpor~nty or perman~ntly. tM ~nUr~ ~n-
.:r~tedneu secur~d hereay shail ~t ths optwn ol tha Mwtp~ps~, D~coms ~mm~d~~taly du~ ~nd ~ay~bl~ TM Mortp~Qe~ shall M ~nt~tled to all comp~nsatwn
~werds and other paymants or rsl~ef ther~fo~ snd ~s hsrsby suthoniad. at rts opUOn, to comm~nc~, app~ar m and prosscut~. ~n ~q own w the mortpaQa's
~~a{~e. any acuon or p~ocssd,ny rNatinfl to any tond~mn~twn. •nd to s~ttta O~ Comprom~s~ any da~m ~n eonn~et~on th~rtw~th. All wtA comp~ns~tw~.
:;.tiards. damsQas. claimt. ~~fl~t~ of act+on ~nd proC~sds ~nd tf» npht tMr~to ~r~ h~rsby ass~pn~d by cM MonQa9o. to ih~ MonysQa. who. ~h•r deducunp
!~~e~elrOm sll ~ts expensss. ~ncludufy ~KO~rt~y'i ~Nf. m~y r~lA~i! any mOneys so r~C~wld by rt nntlwut ~N~tUnp tM Iran of tR+s mwtpaQ~ or may ipply tM
;rre ~n such manner sa tho Mon9a~ st?aii d~te~m~n~. to tM r~duct~on ot tM sums s~cund Mreby. ~nd ro~ny prepayment char~ Mr~in prov~ad. and ~ny
c,.+~a~~ce of such moneys the~ ram~~rnng ~Aail be ps~d to the MortQaQa The Mortyaflw sp~N3 to e~escute suth lurther su~pnrr?~nts of any compsnsatwns.
:=..~-ns dsmayes. da~ms. nghts ol act~on and p.oceads ~s ths Mortpa~se may rpw~s
25 Th~s mortgage shall be ca~stru~d ~s a secur~ty •gresment undsr the Flor~d~ Un~form Commerc~~l Code
26 Other provisions
This mortgage secures a line of credi[ to David Guettler in the amount
nf Fi f tuc~n Thrn~aanri iln7 1~1rS ~ 1 5~Q(~1(~l. ~ll~~ .
This is a Secomd Mor[gage. subject and inferior to that certain First Mortgage
in favor of Harbor Federal Savings and L~a^, recorded in ORB 452 paQe ?85 ~
g~tgl~xltftY o: the Public Records of St. Lucie County ,Florida.
Any default under [erms of the First Mortgage or the note secured thereby shall
constitute a default of [his Mortgage.
i The Mortgagee herein shall have the right, at its option, to cure any default
in such mortgage and note by the paymen[ of any sums required by them and, f
in the event of such payments, the tota2 of all such payments together with
in[erest thereon a[ the highest lawful rate shall be secured by this mortgage.
:tieither the Mortgagor nor any other owner of the property encumbered by this
mortgage may accept modifications of or future advances under the prior
mortgage and any such modification shall consti[ute a defau2[ urder the terms
therzof.
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aaoK 599 P~~ 923
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