HomeMy WebLinkAbout1726 all three mort~a~es for the enforcement thereof,
includin~ the ri~ht to foreclose the same.
26. The law of the State of Florida shall
govern the interpretation and enforcement of this
instrument.
27. The *'.ort~agor ~varrants and represents
that as of the date of the execution and delivery of
this instrur~ent it is the legal and beneficial owner
of sub~ect prer~ises and thati the proceeds of the
~mort~a~e loan will be used solely for the corporate
purposes of the h'.ort~a~or and that said ~iortgagor has
no present intention of transferrin~ the mortgaged
premises.
28, "_'his instrurient shall be construed as
a security a~reement in accordance crith the L'niform -
Cor~mereial Code as the same ~ray from time to time be
in effect in the ~tate of Florida.
' 29. Bv its acceptance of this ~;ortgage,
~ the holder of said note a~rees that (1) in any action
brou~ht by such holder to foreclose this mortgage
securin~ said note, the T'ort~a~?or shall not be liable
for anv deficiency between the total amount secured by
this mortea~;e on the date of sale pursuant to ~ud~ment
entered in such action and the proceeds of such sale
and no deficiency ~ud~;ment ~~ill be sought against~ the
;~:orteaPor in such action and (2) no action shall be
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broup~ht a~ainst the undersi~ned on said note or on any
covenant contained in this mort~a~e, provided however,
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that nothin~; contained in this para~raph shall impair
the validit~~ o!' the indebtedness hereby evidenced or
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in any rrav affect or impair the lien of this mort~?a~e
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; _ ~ 5- aooK 204 p~~i 725
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