HomeMy WebLinkAbout2077 . i
all three mort~a~es f'or the enforcement thereof,
includin~t the ri~Mt to foreclose the same.
26. The law of the State of Florida shall
govern the interpretation and enforcement of this
instrument.
27. The A!ort~agor warrants 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 premises and that the proceeds of the
mort~age loan will be u~ed solely for the corporate
purposes of the h!ort~agor and that said ?•lort~agor has
no present intention of transferrin~; the mort~;aged
p~emises.
28. '"h~s instrunent shall be construed as
a security a~reement in accordance with the Uniform
Commercial Code as the same may from time to time be
in effect in the State of Florida.
29• B~ its accentance of this r~ort~age,
the holder of said note agrees tha~ (1) in any action
brou~ht by such holder to foreclose this mortgage
securing said note, the T~'ort~a~or shall not be liable =
i
for any deficiency between the total aMOUnt secured by ~
;
,
this mort~a~e on the date of sale pursuant to ~udgment '
,
;
entered in such action and the proceeds of such sale
~
and no defic~encv ~udfiment will be sou~ht against the
1~tortga~or in such action and (2) no action shall be
brought a~ainst the undersi~;ned on said note or on any
~
` covenant contained in this mortga~e, provided hor~ever,
'that nothin~ contained in this p ara~;raph shall impair
the validit;~ of the indebtedness hereby evidenced or
S
in any ~~rav affect or impair the lien of this mortga~e '
7
f
~15 8oR!c21~ PACE~~7~
~M~ _ - - ~ ! ; ~
_ ?~.r, . _ .