HomeMy WebLinkAbout0976 on the date of the execution of thia Mortqage, but such secured
indebtedness ehall not exceed at any time the maximwa prfncipal
am~ount of NINE HUNDRED FIFTY THOUSAND DOLLARS ($950,000.00)
plus iriterest and ar~y disbursements made for the payment of taxes,
levies or insurance on the property covered by the lien of this
Mortgaqe, with interest on such disbursements.
It is agreed that qrantinq any extension of time of payment
of any sum cominq due under the note aforesaid os under this
mortgage, to any person, or the taking of other or additional
security for the payment there,of, the waiver of, or failure to
exercise, any right to ma?ture the whole debt or any other wai-
ver by Mortga~gee shall not in any wiae affect this mortgage or
the riqhts of 1?iortgaqee hereunder, or operate ag a release of
any liability or any aovenant or stipulation herein contained.
The several riqhts and remedies in this nwrtgage contained,
provided, declared or authorized, shall be construed and deemed
as cumulative and no one or more of them as exclusive~of the
other or any of the othera or of any riqhts or remedies which
now or hereafter may be given or allawed by law.
Mortgaqor unconditionally grants to Mortgagee the right to
enter upon and inspect the Mortgaged Premises at all reasonable
times.
The w~ords "Mortgaqor" and "Mortgaqee" when used herein shall
be taken to include the singular and plural nuwber and masculine,
feminine or neuter gender, as may fit the case, and shall include
the heirs, administrators, executors, successors and assigns of
the parties hereto. Each and all of the te~ms.and provisions
hereof ahall extend to and be a gart of any renewal or extensio~
of this mortqaqe. In the event that there is more than one mort-
gagor, then, at the option of Mortqagee, any act or action by,
on behalf of or against efther mortgagor, shall have the same~
effect as thouqh by, on behalf of or aqainst all mortgagors.
This Mortgage and Security Agreement and the Note secured
hereby constitute a Florida contract and shall be construed
cording to the laws of the State of Florida. r~~--
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IN WITNESS WHEREOF, Mort a or has executed these ~t~
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the day and year first above written. .t~
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Si ned, sealed and livered ~
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in the pres nce o us W R I US F UIT , I t'~• `
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~ Pres
Atte s t: ~~s.f~uJ ZP z!/
Secretary
STATE OF FLORIDA
COUNTY OF S T- r-- U C- r~=
I HEI2EBY CERTIFY that on this dayr~ before me personally ap-
peared AV/ D L. JA~ l~, and trEQm ~(~GQI~C~ .
respect3.ve y Pres ent and Secretary o WALRER CITRUS FRUITS, INC.,
a Florida corporation, to me-knowti to be the individaals and
officers described in and who executed the foregoinq fnatrument
and severally acknowledqecl the execution thereof to be their
free act a?nd deed as such officers thereunto duly authorized;
and that the official sea?1 of said co=poration is duly affixed
thereto, and the same is the free act of said corporation.
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