HomeMy WebLinkAbout1142 As used herein the singular shnll include
the plural as the context requires.
The Article headings in this instrument are
used for conveniance in finding the subject matiters, and are
not to be taken as part of this instrument or to be used in
determining the intent of the parties or otherwise inCerpreting
this Mortgage.
Any agreement hereafter made modifying~the
terms of this Agreement shall be superior to the rights of
the holder of any intervening lien or encumbrance.
Nothing herein contained, nor any transaction
related hereto, shall be construed or so operaCe as to require
the Mortgagor, or any person liable for repayment of Che loans
secured hereby, to pay interest at a greater rate than the max-
imum amount allowed by law or to make any payment, or do any
act contrary to law. Should any inCerest or other charges paid
by Che Mortgagor, or parties liable for the payment of the Note,
in connection with the loan evidenced by the Note, this Agreement
or the Mortgage securing the payment of the Note, or any other
document delivered in connection with the loan, result in the com-
putation or earning of interest in excess of the maximum amount
allowed by law, then any and all of such excess shall be automa- _
tically credited against and in reduction of the balance due
~ under the indebtedness. It is the express intention of the ~
parties hereto that the rate of interest paid on account of the
indebtedness due hereunder shall not exceed the maximum lawful
rate of interest
This Agreement shall be controlled by and con-
~ strued in accordance with the laws of the State of Florida.
~
~ In the event any one or more of the provisions
4 contained in this Agreement or in the Note or in the Mortgage
~ shall for any reason be held to be invalid, illegal or unen-
~ forceable in any respect, such invalidity, illegality or unen-
forceability shall, at the option of the Mortgagee, not affect -
~ any other provision thereof and it shall be construed as if such
~ ~ invalid, illegal or unenforceable provision had never been con-
~ tained herein or therein.
~ ~ IN WITNESS ~~HEREOF, the Mo rtgagor and the Mort-
~ gagee have duly executed this Agreement the day and year first
~
~
~ above written.
~
~
~ Signed, Sealed and Delivered
; in the Presence of: MorCgagor:
~ Witnesses
~ as to Melvin F. Sembler and ,
~ et y S. Sembler '
~ c~,,,,,Q_ W . ~ -
~ ~ - ~ \ lvin F. emb
~ ~j, .
; . ,
~ Be S. Sembler ;
~ - 3'`~ 0 R A i
BOOK ~.VC7 PAGE
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