HomeMy WebLinkAbout2017 shall bind and inure to the t,enetit of their respective successors and assign,, wl?rther su expressed or not.
3.01 Addrssses for Notices, e/e. Any notice, demand or other instrument authuri:ed by this mortgage b
be served on or givrn to the "Burrowet" may be served on or turn to the "Horrowrr" at Holiday.
P~ne~,__~LQ_ E~1RL_ R._ _ NELSON,. - INC,_ _ 15000 _ Highway _ 54 West , Zephyrhills ,
FlOrid_ a 33599 _ • - or at such other address
as may have been turntshed in wnUng to the "Lender" by the "1orrower."
Any notice demand or other nutrumeM to b serv •d on or gi e t to "Lrn<Irr" may br sen•?•d un ur g?ven
General Electric Cre~it G~orpora~~.on~ 9200 S. Dadeland
to "Lender" at -
- -
Boulevard,. -Suite _609_, -.Miami , Florida 33156 -
or at such other address or addresses as may have been [urnisl?ed in wriUnb to the "Harrower" by lhr
"Lender". -
3.03 Table of Contents, lleadings, etc. Tlu table of contents, the hradinbs ut U?e Articles, srcliuns, pars-
- graph and subdivtsiuns of this mortgage are toe convenience of retrrence only, are not to be considered a
part hereof, and shall not limit or otherwise affect any of the terms hereof.
3.Oi invalid Provlstons /o Attest No Others, In case any one or mute of the covenants, agreenents,
terms or provisions contained in this mortgage or in the note shall be invalid, illegal or unei?[orceable in
any respect, the validity of the remaining covenants, agreements, terms or provisions contained herein and
in the note shall be in no way attested, prejudiced or disturbed Hereby.
3.05• Changes, etc. Neither this mortgage nor any teen hereof may txe changed, w:,ived, discl?arged or
terminated orally, but only by an instrument in writing signed by the party against wh?ch rntorcrment of
the change, wai~•er, discharge or term?natton is sought. Any agreement hereafter made by life "Borrower"
and "Lender" relating to this mortgage shall be superior to the rights of the 1?older of any intervening lien
or encumbrance.
AliT1CLE FOUR
Additional Conditions
4.01 Notwithstanding anything to the contrary contained in this
mortgage or in the note secured hereby, or in any other instrument
securing the loan evidenced by said note, the "Lender" may at its
option declare the entire indebtedness secured hereby, and all in-
terest thereon and all advances made by "Lender" hereunder, immediately
due and payable in the event of a breach by the "Borrower" of any -
covenant contained in this mortgage, the note secured hereby, or
in that certain building loan agreement between the "Borrower" and
the "Lender", dated December 28, 1978, which said building loan
agreement is, by reference thereto, herein incorporated to the same
extent and affect as though said building loan agreement were set
forth herein in full.
4.02 "Borrower" covenants and agrees that in the event it shall
fail to complete the construction and furnishing of the improvements
to be erected on the premises hereby mortgaged in accordance with
i plans and specifications submitted to the "Lender" on or before the
time set forth:;~n the Loan Agreement, or if work on .said. construction
shall cease before completion and said work shall remain abandoned
~ for a period of fifteen (15) days, then and in either event the en-
fire principal sum that has been disbursed by the "Lender" on account
of the note secured by this mortgage, less any amounts that may have
been repaid by the "Borrower", shall then become due and payable,
with all accrued interest thereon, at the option of the "Lender".
~ 4.03 As apart of the inducement to the "Lender" to make the loan
evidenced by the obligation secured hereby, the "Borrower" has caused
certain other persons, natural or corporate, to enter into certain
agreements with the "Lender" pertaining to the financing and payment
for construction of improvements on the property herein described;
and the "Borrower" covenants and agrees that such persons shall fully
perform; comply and abide by such agreements. It is further under-
stood and agreed by the "Borrower" that such representations and
agreements by said other persons shall constitute for the purpose
_ of its obligations hereunder, covenants on behalf of the "Borrower".
4.04 In the event of abandonment of work upon the construction of
said improvements to be erected upon the Mortgaged Property fora '
period of fifteen (15) days, the "Lender" may at its option enter
into and upon the Mortgaged Property and complete the construction
of the improvements, the "Borrower" hereby granting to the "Lender"
full power and authority to make such entry and to enter into such
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