HomeMy WebLinkAbout1413 20. That.Mortgapor will not permit any other liene to be flled sgaln8l ihe sald premise~ and il any such liena are ffled whethar paramount or aubor-
dinate to this mortflafle. Mortyapo~ wfll havs o? cauae to be had aald Iiens ducharped immediately.
21. htart~a~es shslt have ths ~ iflht ta cisary~a Mart~a~o~'s acc8~nt w{th M~rty~a~sa tor tha {ntarast ~n~ principai p~yebib ~s ~r~ivi~e~i i~~ irie prornissory
note e~ airch becomea due i~ accordance therewith
22. II tAe Mohpaqea requeata, Mortflagor he~eby covenants and a9rees thal MoMqaqor wlll furnlah ihe Mortpaflee annualy from fhe data of the
mortgaye Instrument, unless some olher dats b apreed to between Ihe partiea Inwritin~, a certNled audlted Ilnancial atatement of ths Mortyaqor andennua!
complets oparatlnp atetements of Mortpapa. If the Mat9aqora liscal dr ealendar yeu aha~l not coincida wilh the date herein apecifled, then the date which
the Moripayee shall apeciy ahall bs controHinp. Mort~apo~ shall supply Mortqaflea with such other financial stetamenta aa MortpaQee m~y Irom time to iims
requeSt
23. It is aflreed that nothiny hereln contained nor any transactlon related thereto ahall ba conatrued or ao operete aa !o requi~e the Mortqaqor to pay
Interest at a rate prealer than it ta now lawful In auch case to contract lor, or to make eny payment or ta do any act contrary ta law; that If any clevaea or
provisions herein contained operata or wouid proapactlvely operate io Invalldats this MortQeye or sald Note In whole a in part, thsn auch cl~uaea and
provisiona ony shall be held for naupht, aa thouyh not hereln contalned, and tha remainder of ihis MortpaQe shaN remaln operstive and in full force and eflect.
24. N elt or any part of the mortqa~ed property ahell be damayed or teken throuflh Condemnation (which term when used in t~la mortpape ahall In-
clude any damaqe o~ takin~ by any ~overnment~l authority, and any trana/er by prbete aata in 119u thareo}~, either tamporariy or permanently, the anUre in-
debtedneas secured hereby ahall, at lhe optbn oi tha Mortqaqee, become Immediatay due and payable. Tho Matgapee shal! be entitled to sll compenaation,
awards, and other payme~ts or reHef therelor and la hereby sulhorized at Rs oplion, to commence, appear in and prosecute, in its own or the Mortqaflota
name, any action or proceedinq relatln~ to any condsmnatlor~ and to settle a comp~omisa any clalm in cennection thsrewith. All such compenaatior~
awerds, damaflea, claims, rbAts ot action and prceeeds and the ripht thereto are hereby assi~ned tiy ths Mortya~or to the Mortpas~ee, who, sfter deductinp
;herefrom all fts expenses, Includtnp attorneys }ees, may releaae any monies ao ~eceived by It without aHectin9 tha Ilen ot this monqa~e or may epQy the
same in such manner aa the Mortpapes ahall determine, to the reduction of the suma aecured hereby, and to any prepayment charqe hereln providsd and any
baia r~ce ol such montes then remaininq ahatl be pafd to tha Mortpagor. The Mortgapor agreea to executa such tunhs~ auipnments of any companaations,
awards, damsyes, clatm~, ~hts ot actlon and prxeeds ea the Mortya~ee may require.
25. In ihe event this monpaqe la junfor and Intarior to any other mortqape and/or flen on the abov~deacribed real property, end this mortya~e is yiven
with lull knowled9e of such auperbr mortflage and/or Ilen, that aaid auperlor mottga9e end/or Ilen wlll be paid by Moriga~or in accordance with the tarma and
conditions thereol without reqard to any qrace perlod as contai~ed iherein and failure to make aaid payment wili conatitute an automatic detault in this mort•
~age and tha whote of said princ{pal aum secured hereby ahell Immediately become due and payable at tha optlon of the Mortflapee. Additionally, the detault
in the periormance ot any o( the terms, pravialons, covenanls, or eqreert~enta co~talned in any superior mortyaqe and/or Ilen, Cr the commencement ot eny
sctio~ to foreclose any said supsrior mortpafle and/or Ilen, shall constitute an automatic de(ault in thia monQa~e and the whola of said principal sum secured
nereby shell Immediately become due and payable at lhe optfon of the Mortgegee.
26. This mortgage shell be construed as a security agreement under the Florida Uniform Commercial Code.
27. Other provisions: ~ O~~~ S~
30 P 2 :Zy
~ iLt C' ?
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OQUGI d ; i"X'v'N
SL ._i;i:i~ ;''!!~?~Y.
IN WITNESS WHEREOF, ihe Mortgagor has execufed these presents under seai the day and year first above written.
THiSISABALLC?ON TGA(iEANDTHEFINALPR{NCIPALPAYMENTORTHEPRINCiPALBALANCEDUEUPONMATiJRITYISS ~~9
TOGETHER WITH RUED INTEREST~ IF AND ALL ADVANCE NTS MADE BY THE MORTLiACaEE UNDER THE TERMS OF THI
h10RT(iA(iE.
.
i
i l/ lSeaq
' ~j J y Moor Borrower
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~ ~t)'1k
! ~Seaq
` Linda Moore Borrower
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I
! INDIVIDUAI. ACKNOWLEDGEMENT
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I STATE OF FLORIDA ~ . ~.~~~?~~"'u'n:~,.
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couNnr oF ST. LUCIE ~ ; Qti~'. .~p~=.
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~ The foregoing insirument was acknowledged befiore me this h day ot Januar}F a= T,;~
~ - ~ ; . ~ _
~ ~ 9 9O _ by Jimmy Moore and Linda M +,y a~ ' ~
. . . .
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~ "r, Commission expires: • r'S~, .
t:. t c U; FLOrc~uM. ' ~~~/~i, J
~ ~ EXPIRES: NAY 23, 1933• NOTA ~
~ tir .•,;dLtC ~NOERWRtr=Q
~ CORPORATE ACKNOWLEDGEMENT
e
',TATE OF ~
:ss
C'vUNN OF ~
The foreyoing instrument was acknowledged betore me this dey ot .
, , - by ~ and
~ ,
~ -e:aectivey Presidsnt and Secretary of
~
~
~ . e Corporatlon, on behalf
~
~ ~,t said corporation.
Commission expires:
@AO~675 PA~~1413 NOTARY PUBLIC
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