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Home My WebLink About0726 20. • That Mortgagor will not perm~t S~y other Gens to be filed ege~nsl the said premises and it eny suCh Uens are tiled, whether paremount or subor- ~t~nate to th~s mortgage. Mortyaqor vr~11 have a cause to be had said liens discharged immed~atey. 21. MortQapee shall have the right to cherfle Mortqagors account with Murtpapeefor the iMerost and prmclpal payable as provided ~n the promissory note as such becomes due in aCCOrdance therewith. 22. If the Mortqapee reque9ls, Mortyaflor Aereby Covenants and aflraea lhat Morlgagor will lurnish the Mortpapee annuatly trom the date of the mortpaye Instrument, unleas some othar date ia aflreed to between the paAies in wriUny, s cert~fied audited tinanciai statament of the Mortya9o~ and annual complete operatinq atatements of MoNpapor. H the Mortpaflors fiscal or calendar year shall not coincide with the date hereln specified, then the date which tt~e Mortpaflee shall apecify shell be controlliny. Mort9aflor shall supply MoRqa9eewith such othsr financial atatemants as Mortyaflee may from time to time request. 23. It is agreed that noth~nq herein contained nor any transaction related thereto 8ha11 be conslrued or so opetate as to require the Mortpaflot to pay ~nterest at a rate preater than it is now lawful in suC~ case to contraCt for, or to make any payment or to do any act Contrary to law: that if any Clauseb a provisiona herein contained operate or would prospectively opetate to invalidate this Mortpepe or said Note in whole or in paA, then sucA clauses and provis+ons ony shall be held for nauflht, as thou9h not herein contained and the remainder of thia Mortyaye ahaH remain operative and in f ull force a~d eff ect 24. If all or any paR of the mortflaged property shall be damafled a taken tArouph Condemnation (wAich term whan used in thia mortqafle ahall in- clude any damaqe or takir?p by any povernmental authOrity, and eny fra~ater by privats 3ale i~ lieu tAereoQ, either femporarily or permanently, the eMire in- dabtedness secured hereby ahatl, at the option ot tha Mortflayee. become immediatey due and payable~ The MoAqaqee ahall be entitled to all compe~sation awards, and other paymenta or relief theretor and ia hereDy authoraed, at ita option, to comrttenC0. BPPe~r in and proseCUte, in its own Ot the Morlqepors name, any action or p?oceedinQ relatinp to any condemnatio~ and to aettle or Compromise any claim in cOnnection therewith. All auch compensatbn, awards, damayes, claims, riflhta of action and p~oceeds and the riyht Ihereto are hereby aasipned by the MoAQago~ to the Mortflayee, who, atter deductinfl therefrom all its expensea, includiny attomeys fees, may release any monba so reCeived by it without aHecting the lien ol this mortgege or may apply the same in such manner as t~e Mort~apee shBll determine, to the reduction d the sums secured hereby, and to any prepaymen! tharye herein provided and any batance of such monies then remaininy shatl be paid to the MohQa9or. The Mort~aflor aqrees to execute such f urthar assiynmenta of any compensations, awards, damages, c~aims, riyhts of action and proceeds as the MoRflaqee may requira 25. In the event this mortga9e ia junior and inferior io any other mortqage and/or lien on the above-described real property, and this mortgage is given with full knowledge ol such superior mortpage and/or lien, ihat said superior mortqaye and/or lien will be paid by MonQByor in accordance with lhe terms and cond+tions thereof without regard to any grace period as contained therein and (ailure to make said payment will constitute an automatic detault in this moA- gage and the whole oi said prinCipal sum secured hereby shall immediately become due and payable at the option ot the Mortgagee. Additionaly, the defauH in tha performante of any of the terms, provisions, covenants, or agreementa co~tained in any superior mortgage and/or lien, or ihe commencement of any action to foreclose any said superior mortgage and/w lien, shall constitute an automatic default in this mort~age and the wAole ot said principal sum secured hereby shall immediately become due and payable at the option of the Mortgagee. 26. This mortgage shall be construed as a security agreement under the Flonda Uniform Commerc~at Code. 27. Other provisions: IN WITNcSS WHEREOF, the Mortgagor has executed these presents under seal the day and year I~rst above written. I / ~ CUSTOM HOMES OF PORT ST: UCIE, INC. ~Sea~) - Borrower ~ ' ` ~~~t.t,~ ~ BY ~ (Seaq ~ ~eonard y, President sorrower INOIVIDUAL ACKNOWLEDGEM ~ ~ STATE OF 1 ~ : ss , couNnr oF ? ~ The foregoing instrument was acknowledged bebre me th~s day ot . I ~ ~ 9 , by and ~ ' ~!y Commission expires~ ~ NOTARY PUBUC ~ . ~ CORPORATE ACKNOWLEDGEMENT ~ FLORIDA STATE OF 1 ~ : ss COUNTY OF ~ cl \~.~~cs~ ) The foregoing instrument was acknowlec~ged before me this ` day of J~~Y . E 90 , by LEONARD KALEKY and . ~ € ~ . •esGectively ~ _ < -,~~Fesident and Secretary of ~ ,,,,,.3, ~•.:.~l~r:,, CUSTOM HOMES OF: ~c~~ LUG?r~, .INC. FLORIDA ~ ~~'i~~! 'a!~,:,_ . a corporahon. on behalf r' ~~1~* = ~'.f"t ~ S ~e - ~ et sald corporatioR: ~ • ' . ~n. ~ ~ : r,c • ~ ~ 4~ - ~ ~ ~ 'F~ ~ ~ ~ ~ t ~ 3 t~• ( E h1y Commission exp'?res' ' „ ~ tF~. : , :3 ' 4~. • ',+,y NOTARY PUB IC . - ~~f` ` 3 0 R ~ . 8001IU~~ PA~t" ~ - . - ~ 'F~~ ~