HomeMy WebLinkAbout1298 11. No waiver by Secured Party of any default shall operate
as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of Secured Party in exer-
cising any right or remedy shall operate as a waiver thereof, and no
single or partial exercise by Secured Party of any rigfit.or remedy
sha11 preclude any other or further exercise thereof or the exercise
of any other right or remedy. Time is of the essence of this Agreement.
The provisions of this agreement are cumulation and in additian to the
provisions of any note secured by thisAgreement, and Secured Par-ty .
~ shall have all the benefitis, rights and remedies of and under aay note
secured hereby. If more than one party shall execute this Agreement,
the term "Borrower" shall mean all parties signing this Agreement and
each of them, and all such parties shall be jointly and severally
obligated and liable hereunder. The singular pronoun, when used herein.
shall include the plural and the neuter shall include-masculine and
feminine. If this Agreement is not dated when executed by the Borrowers,
the Secured Party is authorized, without notice to the Borrowers, to
date this Agreement. This agreement shall become effective as of the
date of this Agreement. All rights of Secured Party hereunder shall
inure to the benefit of its successors and assigns; and all liabilities
of Borrowers shall bind the heirs, executors, adminis~rators, successors
and assigns of each Borrower. ~
12. This agreement has been delivered in the State of
Florida and shall be construed in accordance with the Laws of Florida.
Wherever possible, each provision of this Agreement shall be interpreted
in such manner as to be effective and valid under applicable law, but
if any provision of this Agreement shall be prohibited by or invalid
under applicable law, such provision shall be ine"ffective to the extent
of such prohibition or invalidity without invalidating the remainder
of such provisian or the remaining pravisions of this Agreement.
IN WITNESS WHEREOF, this Agr nt has been executed
as of the j~ ~ay of , 19~~~
~ ~ , (SEAL)
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~ SIGNED, SEALED AND DELIVERED
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in the prese ce of : -r ~s.. ~ r'~~,yo ~ ~ (SEAL)
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.WQi21~ Tp~~ $UBSCRI ED before me ~By:~ (SEAL)
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' day of Pres_ident
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. ~ Attest: k (SEAL)
~ ~ ,{J ~ Secretary
~or~Rr n,~cic sr~:E a qai~? uu~e
Mr cc.~iss~oN fx~~~ES .
Notary Pu ic ; 5'~"~~''~~*~rida _
My Commission Expires: _ ~ ;
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FL:~i:IDA D~Ci1t.~ER~!' ~Tt~l?~P TAX REQUIH~+~'~:~J'i~5 E~~+VE ~'r.rN
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t IsPJD ILL CO~J`~ I I~'L'~: 'i'~ L~: l~'.~T . _
STti?t~PS AFF'IXID TU GHIGINAL IV~TE
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EooK ~4~ PA~~ 129~
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