HomeMy WebLinkAbout1579 20. That Mort~por wiM noe pKmit any otAK HN+s to 0~ fiNd ap~inst tM s~d pnmis~s and if m?y such 1~?s an fiNd. wMtMr Wnnwunt a s~~
d~nate to Mis mo~tpp~. Mort~por wiM Mv~ or caua~ to ~ Md ssid I~~t d'aclw~d i~twdiatdy-
21. Mortppw sAaN Aaw tiw ~ipAt to cAM~ IiAortppw's ~ccamt wiM Mortg~pN tor tM int~st and P~~ WY+bN as provid~d i~ tM ptomistpry
nots as aud~ b~oon~s du~ in acoord~no~ tM?woitA.
22. If ths MortQ~9N nawsts. Matp~qor Mrrby wwnants and aqrNS tMt Mort~a~or wiN funwsA t1w Matgap~~ anrw~M? hom tM d~ts W thia
matpp~ i~strum«+L u~bss sarN otMr d~t~ is aprNd to b~trw~n tM p~ti~a in wntin~. a c~rtilNd ~udit~d tw~anaal sut~m~t of tM Mo~t~~w ~nd a~wM
compl.n op.acHq sc~anwna oi Mon~a~w. tf eh~ Mortp~pa's racN a caN~d~ y~a~ sAaq not oowkid~ wiM tM d~t~ Mnin sqcit»d, tM~ tA~ dab wAicl~
Q~~1A«tp.~. snan sp~c~? sh~a e. wneralina- INatwpw sMN wpplv Matww. wiM sucn otM. fu?a~?cia~ suam«,a as INenps~. may hom am. eo eien.
23. It is prNd Mat notAinp Mr~in contsin~d nor a~?y nansactwn nlat~d th~nto sAall b~ constru~d a to op~rab as M n~uin tM to
~nren~st at e rate g~eats. Man i~ is now law~u! in such r.sss to contract for. ar to
am? psym~~?t or to do any act oontary to I~w: YMt it a~y ctw~
pr
orov+sions Mrs'.~ oont~ir»d opaat~ w would prosp~ceiwly opK~t~ eo irwalidat~ tAa
p~ovisions only slwU ~ Mld fo~ nau t. ~s t ~WN or s~id Not~ in w~wh or a~ p~tt, tMn. a~ch c1suN~ s~d
1wu9A oot Mhi~ cont~in~d. ~nd tM nmsindsr ot this Mutpp~ sMY nm~i~ o~at~w ~nd i~ tuq iau ~nd ~fhct.
24. Ii sll cx any part of tM mwtpap~d p~opKty shall b~ damaQ~d or tNc~n tArou~A cond~mnation (wAicA tKm wMn us~d i~ this mo~t~a ~ in-
clude sny damaps or takiny by any qpwrnrttenal auMaity. and any tra~sfs~ Dy privat~ saN in liw tMnotl. NtM~ t~mponnN a pKman~nNy. th~ Mti~s i~.
dabtsdness ascurod hsreby sh,eN at the option of tM MortOp~~, b~cwr?~ imm~d~ately dw and payabl~. TM Mon9apN shall b~ ~nt+tl~d to aH oomp~ntation
aw~rds. and otMr psyments or rol~ef tMntor and is Mr~by wthorird, at its optwn. to commMC~. ~pp~ar in and pros~cut~. in ~ts own a tM matp~qo~'t
name. any action w procesd~ng rslat~np to any cond~moation. ~nd to s~ttl~ w compromis~ eny claim in aonn~ctio~ tNnwitA. All sucA comp~~qation.
awards, damagss, cla~ms. rphn oi act~on ~nd proc~eds and tM ripl+t th~nto u~ h*hby sssiQr?~d by tM Mort~9tx to tM MortgpH, who, ah~r daduetinp
ct~eretrom all its expsnses. including aaorney's ises, may nl~u~ sny mon~ys so ncsived by it without athctinp tM I~~n oi thi: mortpaq~ or may spply tM
same m sucA ma~nsr aa ths Mortgsgse shall detsrmirw. to tM nduct~on of tM wma s~curad hsrtby. and to any prpaymsnt thar~s h~r~in providsd. u~d any
balance oi such moneys thsn rems~rnng shsl! bs paid to ths Mort~a~or. Ths MonQaQa aQrsss to exscuts such furtMr assiflnments of any compensation~.
awards, dsmages. cla~ms. rights oi sctron and proceeds as tAs MongagN msy rsquire.
25 This mortgage shnll be construed as s securrty sgresment undar the Florida Uniform Commarc~al Code
26 Other provisions
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~ sooK 675 P~~E~579
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