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Home My WebLink About0422 ~ i 20 That Mortgagor w~ll not perm~1 any other I~ens co Ge (~led aga~nst the sa~d prem~aes and ~I any such i~ans are f~led. whether paramount or subor- ,s nate to th~s mortgage. Mortgegor w~ll have or cause to be had aaid I~ens discharged ~mmeci~ately. 2 T Mortgagee shall hsve the nght to charge Mortgagor's account with Mortgagee for the ~nterest and pnnc~pal payable as prov~cfed ~n the promissory no~e as such becomes due in accordance therew~th 22 I( the Mortgagee req~ests. Mortgagor Aereby covenants and agrees thet Mongagor will furnish the Mortgagee annually trom the dste o( this mortgage mstrumenl. unless some other date ~s agreed to between the parties in wnhng. a cartified audited financial statement of the Mortgagor and annual con,plete oparaung statements of Mongagor It the Mortgagor's fiual or calerxfar yesr shall not comc~de wrth the date herein~specihed. then the date which c~e Mortgagee shall sp~c~(y shall be controtling Mortgagor shali supply Mortgagee w~th such othe~ i~nanaal statements as Mdrtgagee may (rom time to time reauest 23 It is agreed that nothing herein conta~ned nor any trensaction relsted thereto shall be tonstrued or so operate es to reQu+re the Mortgegor to pay ,r,terest at a rate greater than ~t ~s now lawful ~n such case to controct for, or to make any payment a co do any act contrary• to law: that ii any clauses or prov~s~ons herein conta~ned operate or would prospect~vely operate to ~nval~dste this Morigaga or sald Note in whole or in part, then, such clauses snd prov~s~ons only shetl he held for neught. as though not herein conta~ned. end ihe remamder ot th~s Mortgage shall rema~n opereuve and in full IorCe and eMeCt. 24 If all or any part of the mortgaged property shall be damaged or take~ thruugh condemnation (wh~ch term when used m this mortgsge shall ~n- c~ude any damage or taking by any governmental authonty. and any transfer by prrvate sala m tieu thereof). e~iher temporarily o~ permanently, the entirs in- debtedness secured hereby shall at the opt~on ol the Mortgagee. become immed~ately due and payabfe. The Mnrtgagea shall be ent~tled to al{ compensation awards, and other payments or reliet therefor and ~s hereby authon2ed, at its option, to commence. appear in and prosecute. in its own or the mortya~or's , name. any attion or proceedmg relaimg to any condemnation. and to aettis or comprom~se any claim in connection therewrth. AN such comp~nsation. a~vards, damages. cla~r~s. r~ghts of act~on and proceeds and the right thereto ara hereby assigned by the Mongagor to the Mortgsgae. who. aher deductinfl thzretrom all its expenses. ~ncluding attorney's !ees. may release any monays so received by it without affecting the I~en ot this mortgage or may apply tM sa me ~n such manner as the Mortgagee shall determine. to the reduction ot the sums secured hereby. end to any prepayment che?ge herein provided. and sny balance of such moneys then remairnng shall be pa~d to the Mo?tgegor. The Mortgagor agrees to execute such f~rther assignments of any compensations. a~~ards, damages. claims. nghts of action and proceeds as the Mortgagee may require 25 Th~s mortgage shaU be construed as a secunty agreement under the Florida Unlform Commercial ~ode 26 Other provisions il ~ ~ P F k s s r E ~ ~ 6 ~ ~ ~ ~ ~ ~ ~ ti ~ ~ ~ ~ ~ ~ F060 1 L 804 (6/88) ~ 3 eoo~ fi7~ P~~E 422 - -w~ _ ~