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20 That Mortgagor w~ll not permit any other l~ens to be hled aga~nst the sa~d premises and d any such t~ens are iHed, whether paramount or subor-
}i~na!e to this mortgage, Mortgago~ wdl have or cause to be had sa~d 6en5 d~scharyed immediately.
2~. l~,iortgagee snau have the r~ght to charge ~lortyagors account w~th Mortpagee for the interesl and princ~pal payeble as provided m the prom~ssory
ncte as sucn becomes due in accordance therewith.
22. If the Mortflaflee requesta, Mort~aqor he~eby covenants and a9rees tAat M~iqaflw will turnish the Moriflapee annualy from the date of ihe
mortyage instrument, unl8sa aome other date is aqreed lo between the partias in writiny, o certified audited financial staternent of the Mort9egor and annual
complate operatinq statements of Mortyaflor. If the Mortpaqors fiacal or calendar year shall not coincide wrth the date hersin apecified then the date which
t he Mortgaflee shall apeciy ahal! be controllinp. Mortfl,~flor shall aupply Mortpa~se with such other financiel ~tatemants as Mortpaqee may from time to time
request.
23. It is agreed that nothing herein contained nor any transaction related thereto ahall be tonstrued or so operate as to require the Mortqaflw to pay
~~terest at a rate yreate~ tt~an it is now lawtul in suth case to contract for, or to meke any payment or to do any act contrary to law; that if eny clauses or
prov~sions herein oonla~ned operate or would prospectively operate to invel:date thia Morl~a~e or said Note in wiwle or in paA, then such clauses and
provisions only shell be held for neught, as thouyh not hereincontained, and the remalnderof this Mort9aqe ahall remainoperative and infullforceand elfecL
24. If all or any paR of the moAqaqed property sh811 be damafled or taken throuflh condemnalion (whiCh te~m when used in thia mortgefle shall in-
clude any damage or takiny by any povernmentet authoriry, and any transfer by privste sale in lieu thereo~, e+ther temporerily or permanenty, the entire in-
debtedness secured hereby shall, at the option of the MoAQaQee, become immediatey due and payable. The MoAfle9ea sAatl be entitled to all compensatio~
awards, and other paymenta or relief therefor and is hereby authorized af its option, to commente, appear in and prosecuta, in ita own o? tAe Mortflayors
name, any action or proteedin~ relating to any condemnation, and to aattle o? compromiae any claim i~ conneCtion thsrewith. All such compensation,
awarda, damaqes, claims, rrohta of action and proCeeda and the ~i~ht Ihereto ere hereby sssi~ned by tAe Mortflayo~ to the Mortpeflee, who, etter deducting
therefrom all its expersaea, includinp ettomeys fees. may releaae any monles so received by it without aHectinfl the lis~ of thla mortyage or may apply the
same in such manner aa the Mortpapee shall determine, to t1~e reduCtion of the sums aecured hereby, and to eny prepayment Charye herein prpvided, and any ~
balance of such moniea then remaininq shall be paid to the Mortgaflor. The Mortflaflor a~rees fo execute such further aaai9nmants ol any campensations,
awards, damages, claims, nghts of aCtion and proceeds as the Mortga9ee mey require.
25. In the event thia mortqafle is iunior and inferior to any other mortgaqe and/or lien on tAe above-described real property, and this mortgage is given i
with full knowledge of such superior mortgage and/or lien, that said superior monflafle and/or lign will be paid by Mortgagor in accorddnce witA the terms and
conditions thereof without regard to any grace period as contained fherein and feilure to make said payment will constitute an automatic default in ihis mort• ~
gage and the whole of said principal sum secured hereby shall immediatey become due and payable at the option oi the Mortgagee. Additionaly, the defauit i
in the pertormance of any ot the terms, provisions, covenants, or agreemeRts Contained in any supenor mortgage and/or lie~, Or the commencement of any
action to foreclose any said suDerior mortgage and/or lien, shallconstitute an automatic de{auN ~n thls mortgage and the wholeof said principal sum secured
hereby sha11 immediately become due and payabte at the option ot the Mortgagee.
26. This mortgage shall be construed as a secunty agreement unde? the Flonda Un~torm Commerc~al Code. I
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27. Other provisions:
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II
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year (~rst above wntterl.. i'~;..(,'` ~
` -
WOMAN' S CLUB OF FORT PIBRCE,_ ~~,ID~,`
, a non-profit corporation :
` \ e ~ BY: .L[~~"~ - ' ` "X
-~---==-i'-S-` ' (&ei~
E RUTH A. SASS, PRESIDLNT ' '-~~:$o;tQv+er
~ ~ - ~ ' ` ~ ' . ~ . . ' • ~ . . •
~ ~ ~ ; ,c !~.r1 . . , - ~ ~
k t~'i ~c ~ ~ (8eaq
i ALICE BRUBAKER, TREASU~ER 8o??ower
~ _ :,1.-,t; ' , (Seal)
~ INDIVIDUAL ACKNOWLEDGEMENT " , ,
~ BETTY EMENAK, RECO~ ING Borrower
~ SECRETARY
~ ~TATE OF j
` ss
~ CvUNTY OF ~
~ The foregoing instrument was acknow~edged before me this day of ,
f
~
s • by and
~
~ `.~y Commissior. expires: •
€ NOTARY PUBLIC
~ -
E
~ CORPORATE ACKNOWLEDGEMENT
~
~ ~ AT£ OF FLORIDA ~
ss
;OUNTY OF _ST. LUCIE ~
i The toregoing instrument was acknowlec+ged before me this 26th day of J~~Y ,
, ~.j 90 bY RUTH A. SASS and ALICE BRUBAKER AND BETTY SEMENAK
f - ~
~ •~s~ect~vely Fresident and TREASURER AND RECORDING Secretary of ~
q ~Y v
k
~ WOMAN'S CLUB OF FORT PIERCE, FLQRIDA
. a _ FLORIDA . :
a non-pro corpora on . corporat~on, on behalf
~ o! sa~d corporation. ~ ~''~.:.4t' ~ ~.i~ ~ ; - .
~ . ~~.R'.~~; _ .
h.sy Commission expires ~ _ c ~ T f Of fL OR~t'A ~T 1 AR6E • ' } ` ~ Q
- ~ a, ~
• • . - . ~t:~l~~S!AN.25s 1993 :~'s~ K?'
EC':~_;, i rR;`^«:I7:S HOTARII BROKER~9E NOTARY P~ IC p .
~ • . ~
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~ooK 6 5 .
° R 7 PAGE 1366 . " ~
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