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Home My WebLink About0813 . I 2C ~Tpat Mo~tgagor w~f1 not perm~t any ot~er hens to be f~1ed aga~nst the sa~d premises and d any such I~ens are I~led, whether paramount or subor- n~r9te to th~~ mortgage, Mprigagor wdl have or cause to be Aad sa~d hens tl~sc'haiged ~mmed~ately - 21. Mortgagee shall have Ihe r~ghl lo charge Mortgagors accounl w~lh Morigagee for the irtterest and pnnc~pal payable as prov~ded ~n the prom~ssory nate as such becomes due in accordance t~erewith 22. 11 (h~ Mortgaflee requests, Mohgapor hereby covenanis and aprees that Mortflagor will turnish the Alortqapee annualy from the date of the rnortfl~ge instrument, unleas some other date is apreed lo between the paAies in writinp, acert~fled eudited financiat statement of the Mortgagor and annual corrtplete operat~ng statements o) Mortyaqor. If the Mortpaflors fiscal or calender year shall not coincide with the date herein specilied then the date which ~ne Mortflagee shall apecity shall be controlli~q. Mortgagor shall supply Mortqayeewith such other financial statements es Mortflagee mey from time to lime request. ~ 23. It ~s agreed that nothmg herem conta~ned nor any transaction related thereto shall be ConStruFd or so operate as to require the Mortgagor to pay j ~nterest at a rate greater than il is now lawtul in such Case to ContreCt fOr, or to make any payment or to do any eCt COntrary to 18w: that if eny CleuseS o~ prov~sion~ here~n conta~ned operate or woulr! Drospectively operate to mvalidate this Mortflafle or said Note i~ whole or in part, then such ctauses and prov~sionsonlyshallbeheldtorneught,asthoughnothereincontained,andlheremainderotthisMortflageshallremainoperativeendinfullforceandeffeCt. ~ 24. It all or any part ot ths mortgaged properiy shall be damBQed or taken thrOUgh condemnation ~which term when uaed in this morigafle $hall in- I ciude any damage or takinfl by any Qovernmental authonty, and any transfer by private sale m 6eu thereo~, eithe? temporarily or permaneMly, the entire irn ~ Gebtedness secured hereby Shall, at the option of the MoAgagee, become immediately due and payable. The MoAgagee shall be entitied to all compensation, awards, and other payments or relief therefor and is Aereby authonzed at its option, to commence, appe8~ in and ptoseCUte, in its own or the Mortgago~s ~ name, any action a proCeeding relating to any condemnation, and to settle or Compromise any claim in connection therewith_ A!I such compensation, ~ awards, damages, claims, nghts ol action and proCeeds and the riqht Ihereto are hereby assigned by tAe Mortgaqor to the Mortyayee, who, after deducting ! therefrom all iis expenses, includinp ettorneya fees, may release any monies so received by it without aHectinp the lien of this mortgage or may apply the same in such menner as the MoNpayee shell determine, to the reduCtion ol the sums seCUred hereby, and to any prepayment charge herein provided, and any ; balance of such monies then remaininy shall be paid to ihe Hlortgagor. The Mortgagor agrees to execute such fuAher assignments of any compensations, awards, demages, cla~ms, nghts of actiori and proceeds as the Mortyayee may require. 25. In the event this mortqeqe is junior and ~nferior to any other mortgege aRd/or 11en on the above-described real property, end this mortgage is given ' w~th tull knowledge of such superior mortgage and/or lien. that said superior mortgaye and/or lien will be paid by Mortgagor in accordancewith the termsand conditians ihereot wlthout regard to anygrace period as contained therein and failure to make said payment will constitute an automatic default in this mort- gage and the whole of said principal sum secured hereby shall immediately become due and payable at the option of the Mortgagee. Additionally, the default ~n the psrformanCe of any af the terms, provis~ons. Covenanls, or agreements contained in any super~or mortgage and/or lien, or the Commencement of any action b toreclose any said superior mortgage and/or I~en, shal! constitute an automaUC default ~n th~s mortgage and the whole ot sa~d prin~ipal sum secured ' nereby shall immed~ately become due and payable at the ophon of the Mortgagee. 26. This mortgage shall be construed as a secunty agreement under the Flonda Unrform Commerclal Code. ' 27. Other proviS~onS: ' '90 JAN 29 P 3 :40 ~ ' 1022092 ~ Fllcl: ^'+L~ ~E10~- DOUGI A ~ ~lXUN : . , S1 ~U,;1= ''"'1NI ~ IN WITNESS WNEREOF, the Mortgagor has executad these presents under seal the day and year hrst above wr~tten ~ , , ~ - ISeap i , - _ My o Ja es Pigg Borrower , 4 ~ ~ ~ ~Seaq ~ ` , ~ . ~ ~ Maria Piggo sorrower ~ \ i ~ ; ~ _~iNDtVIDUAL ~?CKNOWLEDGEMENT I ~ i E ' ~l ; ; ~H ^rri~,,~.. ` . ~ v v~. ' ~ ;'ATE OF Florida ~ ~ . i i ~t s ~y, Lz ; O i ` St. Lucie ~ SS ~t 9 ~ : i ~ - ~urvrv oF ' . ~ E : O ( ,C7 s Y s The (oregoing instrument was acknowledged betore me th~s 1_9th_ ~ay Q~ Janu8iy:5r~,~•." ; .S ~v : ~ , '~p'`~' ~ ~ 90 , by Myron James Piggott and Maria Piggott ~ ) SZ ~ . ~ 3~-~~~ ~3 ~ - , ; Commiss~on exphes ` , ; `,c ~ ~ NOT P L C ~ . ~ , ~ CORPOFiATE ACKNOWLEDGEMENT % i a F T h~ 1~ O r ~ ~~~i ~ SS '_~UNTY OF _ ~ The foregoi~g instrument was ackncwledged before me this day of , _ . by and . I ~ _~~actrvely Pres~dent and Secretary of _ ~ ' - - - - - . a _ corporahon. on behalf ' ~ ; ~ sa~d corporation ~'y Comm~ssion expires: tvOTARY PUBLIC Z e g~oK 675 r~~~E 8~.3 eTr . _ . _a~ , 'y~ . . . . ?s~ ~ ~.Q.~. -ya i_YS~ ~t~4-~~~`~S~~~f.~~..2 "-^~.~+~~+S~Ca. .