HomeMy WebLinkAbout2327 19. ThatMortqeporwillnotpermitanyotherlfanatobehledayainattheasidpremisesa~diia~yauchiiensaroHleQwhetherparamouMOrsubordlnatetothisMoR-
yaqe. Mortyapor will hpve or cause to be had said lis~s d~scharged immediatey. This par~qraph sha11 not ~ppy to thoae mortyaqes specilically ider~t~fied Aarein es con-
st~tut+~ encumbiencas on the Mort0~9ed P~oGerty.
20. Mortflapee shall have the ripht to charqe Mortqaqofa accounl with MortQapee for lha intereat and princfpal payable aa provided in the Riverside Adventaye
Account Apreement as auch becomes due in accordance lherevritR I
21. U the MoAqaqee requests, Mortqayw heraby covenants ~nd aflrees t~at Mortp~por will fumish the Mai9aqee ~nnually from the date ol the MoAqaps instru- ~
ment, unlesa some otAer dats is aqreed to betwesn the partlsa in writinp, a finanCial st~tement ot the Irtortpaqor. M the MortQepors fiscal orcalendar year sheN rot coincids ~ ~
w; f h the date herein specitieQ then the d~te whkh tne Mor19a9ee she11 speciy shaU be controillnp. Mortflapor ahall supply Mortyaflee wfth such ot her linanclal st~temenb
as Mortqa9es may from tima to tlme requsst
22. It is sqreed that nothin9 herein contemed nor any transaction related thereto shall be construed or so operote es to requlre the Mort{~eflor to pay
interest at a rate preater than it is now lavrtul in auch case to contraCt ior, or to make any payment or to do any att Gontrary to law, that it ~ny clauses or
provisions Aerein contained operats or would proapectivey opents to inv~lidate tAb Mortpaps or said /19reement in whok or In part, ihan such clausss a~d provialons
oniy shall be held for nau9ht, as thouph no! herein contalnsd, and the remalndsr of !hb MortqaQa shall ramafn operatfve and in full force and efts~t.
23. I1 all or any psA of tl+e mortpaped property sAatl be damaQsG or taken throuqA condemnation Iwhlch term when used in thit Mortpsqe shall include any damaQe
or takinp by any povernmental authority, and any tnnsfsr by private aale in lieu tt?KeoQ, elthsr tempaariy or permansnty, ths entfrs indebiedness secured hsrsby shaH,
at the option of the Mortqapee, become immediatsy due and payabls. Ths MoRqapes shail bs entitled to dl compsn~ation, aw~rds, and other paymsnb or reliet tt+srsfor
and is hereby authorized, at tts oR+tion, to commence, appeu in ~nd prwscuts, in its own or ths Mortyapors nam0. anY ~ction or procsedirq rolatinp to any condemnatb~
a nd to ssttla a compromise any clatm i~ connection therewith A11 such compsnsatio~, aw~rds, damapss, ctalms, riqhts of actbn and prxesds and Ihe ripht thsreto us
nereby assiqned by the Mortyayor tothe MoRpapse, whq after dsductinp iherehom all its expsnsss, indudinp attomeys fass, may rslease any monbsw rsceivsd by it
- !=.Ya: ^ ~ -~r~!~Fc`^r~^ ^ rt oior~~lhyco =:rc ~~t_-:oro~lairrart _at.a!!r!alcrrr.'s.wfrtthar~ r"S~.r.'!:lc~~~ar~c =~la=:cY =:1.l~. _
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any prepaymenf charya herein provided snd any balance of such moniss then remaininy shall bs paid to the Mortqapor. Ths Mo~t~aQor aqrees to executa sucA further
assignments of ~ny compensationa, ewards, damayea, clatma, ri~hts of aCtion and prxseds aa the Mortyaqee may require.
24. In the eveM this Mortyafle is junior ~nd inferia to any other martpa9e and/or lien on fhe sbOVe desCribed real property, and this Mortflapa is given with full
knowledqe of auch auperior mavtqafle andJor lien, thaf said mortflafle ~nd/or lien will be peid by MoRgayor in accordancewith the terms andconditionsthereof without
~ eg ard to any prace period aa Containsd therein and failure to make said payable et tha option of the MtxtyaQee.IlddRionaNy, the deteult in the perlormencs ot any of the
terms, provisions, covenants, or aqreemants contained in any auperior mortyefle and/or tien, or ihe commenceme~t of sny action to forecbse any said auperior mortflaqe '
a ndior lie~, shall constituta an automatic defauft in this Mortyaye and the whole of aaid princlpal aum aecured hereby shall immediatefy become due and payable at the ~
option of the MOrtpapee. ~
25. This Mortgape shall be construed as a securiy aqreement under the Fbrida Unitorm Commarclel Code.
''90 FE8 l1~~ •ZG I
1022763 6?~ ;
" STATE ~~r-- FLC7F~3tJ~~ FlLEt: : N.i
(~C~C~~MENTARY--;" STA_MF TAX ~OUG! A`, C~?xGh ~l
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IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year first above wntten. ~
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5igned, sealed an deliv red ~
m the pre nCe of; C / ~
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Mae Bell Fussell ~ Borrower ;
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; Borrower
~
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INDIVIDUAL ACKNOWLEDGEMENT
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~ ~r,4?E OF FLORIDA ~
~ 55
E ~CUN7v oF ST. LUCIE ~
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~ The foregoing instrument was acknowledged before me this 18th day of January
i , . •
` 90 by MAE BELL FUSSELL, an unmarried adult ~ ;c~~~•~;',;;'~~'~'`
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i 'e, Commi551on 8x ires' 1':i.:F! P~cLIC TRi C= •.t 4+
~ ~dK:`.~.i.;9 E7~ Jul! 2-,:' ~ •
MY C:. ` • •
B:MJ`_7 ii~.~U GE~:'Al :k~. .
NOTARY PUBLIC
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€ CORPOHATE ACKNOWLEDGEMENT '
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~ A i E OF ? 1
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:';OJNTY OF 1
The foregoing instrument was acknowiedged before me this day of ,
~ bY and
~ ~espectivel Pres~deni and _
y Sdcretary ot
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~ - . a corporation, on behalf
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~ o? sa~d corporaUO~.
~.4y Commission expires:
NOTARY PUBLIC
~00~675 PAGE232~' 3
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