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Home My WebLink About0927 20 Thet Mortgagor wdl not permit sny otner I~eM to be hled aga~r.~t the sa~d premise~ snd il ~ny such I~ens sre t~ted. whether p~rsmount or wbor• ~t:na~e ro th~s mortgeqe. MortgaQor w~ll have or c~use to As had sa:d i~sns d~scharQed ~mmad~suty 21 Monpagee shall have ths r~pht to charye Mortgapor s auount w~th Mortyagea lor the ~nterest snd ~rmc~pal psyab?tl as prov~ded ~n che pr;;:;:+~~ry ~~~-~e as such becomes dus ~n accordanctl theraw~th 22 If the Niortga9se requssts. Mor~pagor ha~sby covenants and agrees thet Mortgaqor w~lt turmsh ths Mortyagee annuafly Irom the dau ol tA~s ~„ortgags ~nstrument, unlsss some other dat~ is aprssd to between the psrt~o~ in wnt~ng. a cert~l~~d aud~ted t~nsnc+al statement ol the Mort9agor and snnuN ; omptete opereung statements o1 Mortflaflor If ths Monqepor's i~scal or ceiendar yssr shsll not co~nad~ w~ch tM date here~n spsat~sd. then t~e dat~ nrh~ch ~he Mortgaflee sneli spec~fy sha11 be controll~np Mortgapor shall supply MortOsfles w~th such other tin~nu~l statements ss Mdrtqagee msy irom uma to bm~ ~eUuest 23 It ~s agreed that noth~ng nere+n co~ts~~ed nor eny transsct~on related th~rsto shafl be construed or so operats as to reqwrs the Mortqafla to pay :~~terest st a rate greater than at ~s now lawful ~n such case to coniract for. or to m~ks anY paYment a to do any act contrary to law. that if any clauN9 or ~~~o~vs~ons here~n conta~ned operate or waulC prospectrvely operate to ~nvabdsts th~s Mortgape or sa~d Note whols or ~n pan. then. such clausos and ;~~ov~s~ons oniy shall be neld for naught as though not ~eran conts~ned and the ~ems~ndar ot 1Ms Monq~aye s~all rema~n opersuvs and ~n fuu forc~ er?d ~H~Ct. 24 11 a!I or any part of ~he mortgaqed property aha1l be damaged or taken through condemnet~On (whicA term when used m th~s mortflape sha11 ~n- ~:ude any damage or tak~ng by any governmental authonty. and any trensler Cy pnvate sale m heu iheteo(1. erther tamporar~ly or permanently. tha entue ~n- ~~ebtedness secured hereby shatl at the opt~on ol the Mortflagas. become ~mmed~ately due and payable The Mortyagee sha~l be enhtled to all compensatwn _~~vards. and othar payments or ral~el theretor and ~s ~ersby authonzed. at ~ts option. to commence. eppear ~n and prosecute. in it~ own ot the mortpapa's ~~me any act~on or procaed~ng relnt~ng to any condemnat~on. and to settie or comprom~se any cia~m ~n co~necaon therew~th All such comp~nsot~on. ~wa~ds. damafles. cla~ms. r~ghts oi act~on and procsads and the r~flht thereto are hereby asa~pned by the Mortgagor to the Mort9aqee. who. aher dfduct~n~ therehpm all ~ts expenses ~ncwd~ng a[tome~~s lees. may rsleass any moneys so recerved by rt wrthout aHecang the hen ol th~s mortyaye o~ may apply th~ same +n wch ma~ner as Me Mortyagee sh~tl dsterm~ne. to ths reduct~on of the wms sacured hereby. and to any prepayment charpe hore~n prov~dsd. ~nd any ;>aiance o! suCh moneya then rema~~~ng shall be pa~d to the Mortyagor The MortgagOr agrees to execute such further ass+gnments o( sny Compensat~Onf, .~.•.ards damages. cla~ms raghts uf act~on and proceeds as the Mortgagee may requ~re 25 Th~s mortgage shall be construed as a»cur~ty agreement under the ftor~ds Urnform Commarc~ai Code 26 O?her provisions This mortgage secures a line of credi[ to Thomas Jacobson in the A W V 4 tl L O 1 i C ~ l/ V V • V V• Ttiis is a Second Mortgage. subject and inferio; to tha[ certain First Mortgage in favor of Citizen's Federal, recorded . in Official Records Book 20 , page 20 , of the Public Records of St. Lucie County Florida. Any default under terms of Che First Mortgage or the note secured thereby shall constitute a default of this Mortgage. The Mortgag~e herein shall have the right, at ~ts option, to cvre any default in such mortgage and note by the payment of any sums required by them and, in the event of such payments, the total of al; such ~ amounts together with the interest thereon a[ the highest lawful :ate i shall be secured by this mortgage. j ~either the Mortgagor nor any other owner of the property encumbered ` by this mortgaRe may acce~,t modification~ of or future advances under ~ the prior mortgage and any such moditications shall constitute a ~ default under che terms thereof. ~ i ~ F 3g ! B ! ~ I ~ li ~ ~ I 4 ~ i { i t E ~ ~ ~ ~ a~ 599 ~r~ 927 -obo eca ie,ae~ 3 ~ r ~ t ~ ~ ' . r ~ .r~°'~~. ~.`sv~ ~ -._..e. . ~ . r~__..~~~¢~-r- ~ ~~Y'x:.~~ ~ .-z3: