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Home My WebLink About0413 20 That Mortgagor wiil not perm~t any other I~ens to be filed tegainst the said prem~ses and ~t any such liens are filed, wAether paramount or subor- a~nate to th~s mo~tgage, Mortgagor w~il have or cause to be had sa~d liens O~scharged cmmed~ately 21. Mortgagee shatl have the rigM to cha+ge Mortgagor's account w~th Mortgagee fo~ the inle?est and pnncipal pay8ble as prowdecl ~n the prom~ssOry note as such becomes due m aCCOrdance therewith. 22. If the Mortgapee r@quests, Mortgayo~ hereby covenants and a9rees ~hat Mo?iqagor wdl furn~sh ihe Mortpapee annually from the date of the mortflage ~nstrument, unless some othgr date is agreed to Detween the pehies in writ~np, ecertified audited (inancial statement of the MoRgagor and annual complete operating stetements of Mo?tyaflor. lf the Mortqaflors fiscal or celendar year ahail not coincide with the date herein specified, then the date which ihe Mortgayee shall apeCity shall be conirollinq. Mortflagor shall suppty Martgaqee with such other P~nancial statements as Mongagee mey from time to lime requeat. 23. It is agreed that nothing here~n contained nor any transact~on related thereto shalt be construed or so operate es to require the Mortgagor to pay ~nterest at a rate greater than it is now lawtul in suth case to contract for, or to make any payment or to do any act contrary to lew; that if any clauses or provisions herein coMained aperate or would prospectively operafe to invalidate this Mortqaye or said Note in whole or in part, then such clauses and prov~sions ony shall be held for naught, as thouyh not herein contained, and the remainderot this Mortgage shall remain operativa end in full force and effect. 24. If all or any paA ot the mortyaged property shall be damaged or taken throuflh condemnation (which term when uaed in this mortgege shall in- dude any damage or tekiny by any povernmentat authority, and any transfer by privete sale in iieu thereo~, erther temporarity or parmenenty, the enlire in- debtedness se~:ured hereby shall, at the option ol the Mortyagee, becortte immediately due and payable. The MoAyagee shall be ent~tled to all compensation. awards, and other payments or reliet therefo? and is Aereby authonted at its Option, to commence, appear in and prosecute, in its own ot the Mortgagors name, any action or proceeding relating to any condemnation, and to settle or Compromise any claim in connection therewith. All such compensation. awards, damages, claims, r?ghts of action and proceeds and the riQht thereto are hereDy assgned by the Mortgagor to the Mortyaqee, who, afte~ deductin~ theretrom all its expenses, includinq attorneys fees, may releaae sny monies so received by it without atfectinfl the lien of this mortgege or may eppiy the same in such manner aa the Mortflayee shall determine, to the reduction of the sums sacured hereby, and to any prepayment char~e herein provided, and any balance of such moniea then remaining sAall be paid to the Mortgagor. The Mortflagor aflrees to execute such turlher assiynments ot any compensal~ons, awards, damages, claims, r~ghts of action and proceeds as ihe Mortgaflee may re4uire. 25. In the event this mort9aqe ia junior and inferior fo any other mortgape and/or lien on the above-described real property, and this mortyage is grven with full knowleclge of such supe~ior moAgage artd/or lien, that said superior mortgaqe and/or lien will be paid by Mortgaflor in accordence with the terms and con~itions thereof without regard to any grace period as contained therein and (ailure to make said payment will constitute an automatic default in this mort- gage and the whole ot said principal sum secured hereby shall immediatey become due and payable at the option ot the Mortgagee. Additionally, the defeult ,n the performance of eny of the terms, provisions. Covenants, o~ agre8ments tonteined in any superior mortgage and/or lisn, or the Commencement ot eny action to foreclose any said superior morigage and/or I~en, shall constitute an automatiC detault in this mortgage and the whole ot said princ~pal sum secured hareby shail immediately becosne due and payable at the option ol the Mortgagee. 26. This mortgage shall be construed as a secunty agreement under Ihe Ftonda Umform Commerc~al Code. 27. Other provisions: IN WITNE55 WHEREOF, the Mortgagor has executed these presents under seai the day ~nd year l~rst above wntten. v ~ ~ r/C.~--~ _ Custom H (Sea~) Flo~ids Corp. eorrower j - - ~Seap ` BY: Leonard ky Borrower I ~ INDIVIDUAL ACKNOWLEDGE I k SrATE OF / ~ ~ 5 ss R CvUNTY OF ~ The foreg~mq +nstrument was acknowledged before me th~s day of , s ~ ' ~ by and @ ~ `.".y Commiss~on expires: ~ NOTARY PUBUC f ~ CORPORATE ACKNOWLEDGEMENT STHTE OF ~ ~C+L ) F f \ . SS ~ '.'OUNTY OF ~ \v~ ) `i ~ The foregoing instrument was acknowlec+ged before me this . day of January . ,.3 90 by Custom Homes of Pt. St. Lucie Inc. and 4 ~<~snect~veiy Leonard Kaleky Pres~dent and ~ Secretary ot ~ ,1;~:s:u.::rt~~~j k Custom Home [if= P~. St. ~ . .,~ucie Inc. Florida ~r--~?~;z«~* ~ a co?porat~on. on behatf 1~ ~ ' ' ~ ,4 sa~d corporation. a., • ~ +":;q€; t~ ~ . ~~r~~~:c;'~t~i !-n:,: '1 t~ i '~y CUmm~ssion expires: - ~ • 5:,~ ft~~. ~ _ ,nti ~ 04~,~,?~~~ ~~i ~ . r~ t,. ,:xl;, NOTARY P• LIC rY.s.'~~.-:,.- , F~~+,,~„~~'' 3 : . ~ sooK 675 ~~~E 4~.3 ~ ~ _ ~ ~ _ ~ - - _ _ . ..x~ _