HomeMy WebLinkAbout2932 20 That Mortyag~r will not perm~i e~y other he~~s to be hled egainst ihe Sa~Q premises and d eny such liens are hied, wh8iher pa~eR~uun! or SuDOr-
~~,i.nate ~o tn~s mortya9e, Mortgago? wdl have or'cause to be had sa~d hens tl~schar9etl ~mmed~ately
2 7 i;w iyayec ai~aii i~ava ii~a ~~ya~i iu ci~a~ye~ irion9ayor s acc~un? wnn iMOnfla9ee tor tne ~nteresl ana pnnapai payeble as prowdetl ~n Ihe prom~ssory
r~ote a5 such beCOmes due ~n aCCO?dante tAerew~th.
?2 1! the Mortpaqee reQuests, MwtQayor Aereby covenants and aprees tAat Mortpapor w~ll turn~sh the Mort{}sflse annually from tne date ot the
moriQa9e instrument, unle88 some other date is eyread to Detween the part~es m writinp, aCerl~fied audded hnanc~al statement ol the Mort9aflor and annua~
com~,lote operaanq statementa ol Mort~aga. N the MortQapora f~sCat or calendar year ahall not coinc~de with the date hs~sin specif~ed, then the date wh~ch
tRe Mortpa4ee shal~ ~pecify ahall be controUmp Aclort9aqor aAali supply Mortpsqee witA auch other hnanc~al atatements ss Mortqaqee may trom time to Ume
requeat.
23. It is agreed tAat nothing herein conta~reed nor any fransaciwn related thereto sh~ll be Construed or so opareta as to requ~re t~e Mortyaflor to p8y
~~terest at a rate greater than ~t ~s now lawful in such case to contract for, or to meke any payment or to do any aCt COntrary to law; that ~f any Cleuse$ or
prov~swna here~n co~lained operate or woutd prospectrvely operate to ~nval~date this Mortflaqe or sa~d Note in wAole or in p~rt, t~en such clauses and
~~ows~o~a ony snau be he~d tor nauqht, as tAouyh not herein contained, and the ramainder of tAis Mortyaqe ahall rema~n operative and in fu11 force and eifect
24. If ali or any psrt ot the moApaped property shell be damafled o~ taken lh?ou~h condemnatwn ~which lerm w~sn ussd in thie, moAyafle ahall 1n-
ciude any damafle or tak~np by any povernmental author~ty, and any transfer by private aale in I~eu thereo~, e~ther temporany or permaneMy, tAe ent~re in-
debtedness sec+,red hereby shall, at the oDtwn o! the MoAflaqee. become immediatey due and payaDle. The MoAyaqee aMll be entitled to all compensatwr~
awards, and ot~er paymenta or relisf therefor and is hereby authonzed et ~ta option, to commence, appear in and prosecuta in its own or the Mortpa9ors
~ame, any att~On or proCeedinfl rel8ting to any ~ondemnation, and to settle ot Gompromise any claim in oonneCtion tAerevwth. All such compensation,
awards, dama9es, cla~ma, r~yhts of action and proceeda and the rqht thereto are hereby aasipned by the Mortfl~por to the Mort~pee, who, after dcductinfl
tner@trom all 1ts expenaes, Includin~ attomeya fees, may releaae any moniea ao received by it without aHectinq the lisn d this mortpa9e or may appty the
same in such manner as the Mortpaflee sAail determine, to ihe raduction oi the aums secured hereby, and to a~y prepayment Cha~ye here+n prov~ded, and any
baiance of such mon~ea then remain~ng shall be paid to fhe Mortqayor. The Mort~ayor aflrees to execute such further asspnments of any compenaationa
awards, damapes, claims, nphts of 8ctian and proceeds as the Mortfla~ee msy require.
, 25. In the event this mortyaye is junior and infenor to any other mortpape end/or lien o~ the above-described rsal p?operty, and Ih~s mortpage ~s qiven
w~th full knowledge of auch auperwr mortyaye and/or l~en, that ae~d superia mortpafle and/or lien will be pa~d by MortyeqM in accordance with the terms and
Condrtions therR~f w~thtiut ~t~erd fo 8~y graCe pi+?~L+~ HS [i+!1!3!^8~ Shr'~9lR L'!!~!8t!~re tc r.:akE sai~;.a~r.:sr.! u::t i;,:~siitu:s a~ su.o.~asiC dBSuuii+i'i tii~S iil3(i-
gage and the whole ot said princ~pai sum secured hereby shall immed~atey become due and payable at the option ot the Mort9apee. Addit?onaly, lhe de(ault
m the parformanCe Of any of ihe terms, provis~ons. Covena~ts, or agreemBMS tontained m any supenw mortgage and/or lien, or tAe Commencement ot eny
action toforeclose a~y said s~peria mortgage and/or lien, shallconstitute an automatic detault ~n th~s mortqage and the whole ot sa~d princ~paf sum secured
hareDy shall ~mmediately become due and payabla at the o~t~on of the Mortgagee.
26. Th~s mortgafle shall be construed as a secur~ty agreement under the Ftonda Undorm Commeraal Code.
27. Other prov~S~onS:
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! IN WITNESS WHEREOF. the Mortgagor has executed these presents under seal the day an~ year tust above wntten
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j TRACY D. S~ EE ~ Borrower
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~ Borrower
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~ INQIVIDUAL ACKNOWLEDGEMENT
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! : ~ATE OF FLORIDA
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E ~",our~7v oF ST. LiTCIE ~
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f The forego~ng instrument was acknowledged before me th~s _31St _ day or JANUARY
k 9fl TRA('V Tl CTFF1 F o...or~i.,,i ..,7..1 ? -
-S _ - ~y - o.~.,~~ and
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' NOTAR~ PL'Bl IC. S t A t E Ot ~1.`~~r~ ~71 dRG~ ` "
~ Comm~ss~on exp~res !:Y COti~,r~~~~G't f Jf I? E` ~A'~. ~S. 19g~ ~;~~r~-~341C_Q~_
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~ BGNCED THR.i AuFr~7:s nu7r~er ahoKtA~9E NOTAFY PUB~IC ° s~'~;•~ ~.Yj~s
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~ COAPORATE ACKNOWtE[)GEMENT ' ' ~
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~ ~J N TY OF _ - . ~ =
The forego~ng Ins!!ument was acknowle~+ged before me thls _ day of ,
~ .by - and - ~
sc~eelively - Ptas~dent and _ Secretary o!
~ a corporaUOn. on behalt
sa~d corporet+on
!ry Comm~sa~on expues:
NOTARY PUBUC
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