HomeMy WebLinkAbout2339 20 That Mortgagor w+N not perm~t any other I~ens to be h~ed aga~nst the sa~d prem~ses and d any such liens are liled, whether pa~amuunt or subor-
d,nAte to th~s mortgage, Morlgagor w~tf have or cause to be had sa~d I~ens d~scha~ged immed~ately.
21. Mortgagee shaVf hava the r~ghl to charge Mortgagors account w~th Mortyagee tor the interest and pr~nc~pal payable as prowded ~n the prom~ssory
note as such becomes due ~n acco?dance therew~th.
22. If the Mortgaaee requests, Mortgaqor hereby covenanis and agrees that Mortqayor w~ll iurnish tAe Mortqapee annuatly trom the date of the
mortgage instrument, unless aome other dete is agre9d to Detween the parties in writinq, a certified auditad financial statement of the Mortgagor and annual
complete operat~ng statements ot Mohgagot. lf the Mortgagors iixal or calandar yeer aAall not coincide with tAe date he~ein apecified, then the date which
the Mo~tgaqee shall specily shall De controllin9. Mortgaflor shall supply Mortqapee with such othe~ fi~s~c~at statemen~s as Morlyagee may from time tot~me
requeat.
23. It ~s agraed that nothing herein contained nor any transeCtion related thereto Shatl be construed or go op8rete as to require the Mo~tgagor to RaY
~nte?est at a rate greater than it +s naw lawtuf in such case to contract for, or to make any payment or to do any act contrary to law: that it any clauses or
prov~sions here~n contalned operate or would prospectively operate to invalidate this Mortpa~e or said Note irt whole or in part, then such clauses and
prov~sions ony sha11 be hetdlor naught, es though not herein contained, and the remainderof this Mortyage sha~l remain operative and in tullforce and elfect.
24. 11 a!1 or any part of the mortflaged property shall be damaqed or taken throuqh condemnation (which term when uaed in this mortgage shall in-
clude any damage or takinQ by any qover~mental authority, and any transter by private sale in iieu t~ereon, either temporarily or permanently, the entire in-
deDtedness secured hereby shall, at the option of the Mortpagee, become immediatey due and payable. The Mortpapee shall be entitled to alt compensation.
a•Nards, and olher payments or retiel therefor and is hereby aulAorized at its option, to commence, appear in and prosecute, in its own or the Mortgagors
nama, any actfon or proceeding relating to any condemnation, and to settle or compromise any claim in connection therewith JUI such compensalbn.
awards, demages, claims, rights of actton and procaeda end the ripht thereto aro heraby assiQned bs~ !he R!o~~E~ar !c+lhsc ?~?r?e :.e~, s?;n ~E;°; ;;~~uc::;,y
:?5 ;~o~, i~~c~u~~~~y aiiu~ney a iees, mey reieaae any monies so received by it without aHecting the lien oi this mortgaQe or may apply the
same in sucA manner aa the Mortqaqee 3ha11 determine, to the reduction of the sums secured hereby, and to any prepayment char9e herein provided and any
balanCe of suCh moniea then remaininy shall be paid to tAe Mortgaqor. The Mortyagor agreas to execute such fuAher assiqnmenta of any compensations,
awards, damages, claims, rights of action and proceeds as the MortgaQee may require.
25. In thS event this mortqefle is junior and inlerior to any othe~ mortgage end/of lien on 1he abov~desc?ibed real property, and this mortgage is given
w~th full knowledge of such superior mortgage and/or lien, that said superior mortqafle andlor lien will be paid by Morlgagor in atcordance with !he terms and
con~itions thereof without regard to a~y grace period as contained lherein and failure to make said payment witl constitulean automatic defautt in this moR-
gage and the wAOte of said principal sum secured hereby shall immediatey become due and payabte at the option of the Mortgagee. Additionalty, the detault
in t~e perforaeance of any o1 the terms, provisions, covenants, Or agreements contained in any superlor mortgage and/or lien, or the commencement of any
action toforeclose any said superior mortgage and/or I~e~, shatl constitute an automatic default;n th~s rtorSgage and the whote ot said princ~pal sum secured
neTeby shall immediately become due and payable at the opt~on of the Mortgagee.
26. Thls mortgage shall be construed as a secunty agreement under the Flonda Umform Commerc~al Code.
27. Other provisions:
IN WITNESS WHEREOF, the Mortgagor has executed these presents under seal the day and year f~rst above wr~tten.
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~ , . ~ \ • , ' ~ ~ .'c _ r f . / [ :~7" • f _ .
- (Seaq
, ~ ~ MAURICE D. SNYDER ~ eorrower
~r ~ ~ (Seal)
8orrawer
INDIYIDUAI ACKNOWLEDGEMENT
~ ~ ; ~7E OF FLORIDA ~
~ ss
~ ,oun,rv oF ST. LUCIE ~
~ The foregoing instrument was acknowledged bebre me th~s ____26th _ day ef JANUARY ~
~ _ 90 by MAURICE D. SNYDER, married and
~ ' ` • ~
~ vommission ezpues: \ _ . \ `\j-:
. . ~ ~ ~ ~ -
NOTARY PUBLIC ~
~ . , / '
~ , , •
' CORPOpATE ACK810WlEDGEMEI~T 'r ~ '
' . ~:•:e`~~ ~-f[~`
,'a7E OF ~ hOTA;tr PcF t ~c . S I A r F OF cL"P~nA IT I AROI ; r,•~.: . ~ '
ss ti'1'CG!~F~~c::[~.x~i:E'JA!i.2S.'S93 ~ •
.
BOKDED 7NR.1 A~EflT.S Hu7ARY BRCKERAOE '
;U"~TY OF ~ • • • • .
' ,
' The foregoing instrument was acknowledged before me this day of ,
• bY ~ and
::ect~vely President and Secretary of
_ . a corporat~on, on behalf
: ;a:d corporal~on.
`!y CommiSSiOn expires:
tVOTARY PUBLIC
~oo~ 675 Pa~f 2339 3
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