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20 That Mortgagoi wdl nUt permil any other I~ens to be Ided against Ihe sa~d premises and d any such liens are hlsd, whether pararr~uunt or suhor- ~
r*~ate to th~s mortgage. Mortyagur w~ll have or cause to te ~ad sa~d liens d~schaiged ~mmed~ately
2 t. Mortgagee snail have the r~ght to Charge Mortgagors accounl w~th Mortgages lor the ~nterest and pnnapal payable as provided ~n the prom~ssory
r,ate as such becomes due in accordance therewlth.
22. It the MoAgayee requests, Mortga9or hereby cove~ants and aqrees that Mortpagor w~li turnish the Mortgaflee annualy from the date of the
;r,ortgage ~nslrument, unless some olher date is egreed to between the paRies m wtiting, a certihed aud~ted tinanci8l statement of the Mortgagor and annual
complete operating statements of Mortge~or. If the Mortgaqor'S f~sCal or caiender year shall not coincide with the date herein specilled, then the date wh~ch
tne MoRgaqee shall epecify shall be cOntrollinfl. Mortgaqor shall supply Mortgs9eewith such other tinenCial stetements as Mortgagee mey f~om time to t~me
rPnu[ist
23. It is agreed that noth~ng herein conta~ned nor any transaction related thereto shall be construed or so operate as to requ~re the Mortgagor to pay ~
,nterest at a rate greater tnan ~t ~s now lawful in sueh case to contract br, or to make any payment or to do any act contrary to law: that it eny clauses or
p: o:.s:~ns l:e:e:n cczfained opesafe ~~~!d ~rospect~vely eperate to i~vaiidate this Mnrtoege or said Note in whole or in part, then such clauses and
prov~sions ony shell be held tor naught, as though not herein tontalned, and ihe remainder of this Mortqage shall remain operative and in f ult force and effect
24. If a~l ar any part ot the mortyaged property shafl be damaged or laker? throuph co~demnat~on (which term when uaed in this mongage shall in-
c!ude any damage or takinfl by any governmental authority, an~ any transter by privale sale in lieu thereo~, either temporerily or permanenty, the entire in-
debtedness secured hereby shall, at lhe option ot the Mortgaqee. become immediately due and payable. The Mortgagee shall be entitled to all compensat~on.
awa~ds, and other payments or relief therefor and is hereby authonzed at its option, to commence, appear in and p?osecute, in its own or the Mortgagors
~amw, any a~t,~sn cx gr~~wding relating to a~v condemnation. and to aettle or Compromise any claim in connection therewith. All auch compensation,
~wa!da, darnages, c!aim~, r~ghts of action and proceeds and the right thereto are hereby assigned Dy the Mortyaflor to the Mortqaqee, who, after deducting ~
?herefrom el! ~ts expenses, includinq ettomeya fees, mey release any rttonies So reteived by it without eHeCtin~ the lien ot this mOrtgage or may apply the ~
same ~n such manner ss the MoAp89ee sh811 d8termine, to the reduCtion o( the sums seCUred hereby, and to any prepaymenf charye herein prov~ded, and any
balance of suc~ monies then remaininy shall be paid to the triortgayor. The Mortyagor agrees to execute such further asspnmenta of any compensations,
awards, damages, claims, rights of action and proceeds as ihe Morigaflee may require.
25. In the event this moripape is junior and inferior to any other mortgage and/or lien on the above-described real property, and this mortgage is given
w+th fuil knowledge of such superior mortgage and/or Ilen, that said superior mortgaqe and/or lien will be paid by Mortgagor in accordancewith tAe tetms and
conditions thereof w~thout regard to any grace period as cOntained therein and tailure to make said payment will constitute an autornatic default in this mort-
gage and the wholeof said principal sum secured hereby shall immed~atey become due and payable at the option of the Mortgagee. Additionally. the default
~n the pertormance of a~y of the terms, provisiens, covenanls, or agreements contained ~n any superior mortgage and/or lien, or the commencement of any
act+on to foreclose any said superior mortgage and/or I~en, shall constitute an automat~c default ~n th~s mortgage and the whole oi sa~d principal sum secured
r.~reby shall ~mmed~ately become due and payable at the opt~on of the Mortgagee.
26. This mortgage shall be construed as a secunty agreement under the Flonda Umform Commerc~al Code
27. Other provisions:
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IN WlTNESS WHEREOF. the Mortgagur has execuled these presents under seal the day 2nd year f~rst above wntten ~
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~1- i - - ~~diC • ~t~~"'/~ (Seaq <
David K. Pollard Borrower ~
- ISeaq
II - - - eorrower
' '90 FEB -1 P 2 :45
k INOIVIUUAL ACKNOWLEDGEMENT I a~ z 911 ~
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i F l.: ...'ll ~ „.~.1, JF._ . ~
j DQUG! ; -'F~Gh ~
' ~ ";N(1. • ~
~ 5'aTE oF FLORIDA ~ '
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~ ;.r~~~rY oF ST. LUCIE ~ j
~ The foregomg instrument was acknowledged before me ih~s ___23rd day ot January .
t by David K. Pollard _ and _ _ ' ~ ~
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C~mmisslon expires '7 ' _ - ` '
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NO ARY UBLI ~ A~~ A
~ ~ ta~ f~.acS~ 7~ t~? - ~
~ CORPORATE ACKNOWLEDGEklENT D~'~fl~j~~~~ ,
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$ : :;?E G1F i '
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7he foregoing instrument was acknowlec~ged betore me this day of _ .
~ _ , by _ _ and - •
-pechveiy President and _ Secretary of
_ . a corporahon. on behal}
~ -
' ~a~d corporalion
`.'y ~ommission expires:
~ NOTARY PUBLIC
~ ~a~K675 P;~EZf5Q 3
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