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SECTION 1312. Wherever used in this Mortgage, unless the context clearly
indicates a contrary intent or unless otherwise specifically provided herein, the word
"Mortgagor" shall mean each of the parties executing this instrument, their heirs, personal
representatives successors and assigns or any subsequent owner or owners of the Mortgaged
Property, the word "Mortgagee" shall mean the party to whom this Mortgage is given
or any subsequent kidder or kidders of this Mortgage, the word "Note" shall mean the
Note or bond secured by this Mortgage, the word "person" shall mean an individual, cor-
poration, general partnership, limited partnership, unincorporated association, or aTMq
other legal entity; the singular shall include the plural and the plural the singular; 8II
the covenants, waivers, .warrants, promises and releases by and obligations or liabilities
imposed upon Mortgagor shall bind them jointly and severally.
SBC1iON 13.13. This Mortgage cannot be charged except by an agreement
in writing, signed by the party agair>st whom enforcement of the change is sought.
3BCZiON 13.14. The captions of this Mortgage are for convenience and
reference only and in no way define, limit or describe the scope or intent of this Mort-
gage nor in any way affect this Mortgage.
SECTION 13.15. This Mortgage shall be construed and enforced in accord-
ance with the laws of the State of Florida.
SECTION 13.16. Mortgagor hereby waives and relinquishes the benefits
of any present or future laws: (i) exempting the Mortgaged Property or any part thereof
from attachment, levy or sale on execution, or any part of the proceeds arising from
any sale thereof, (ii) staying execution or other process; and (iii) requiring valuation or
appraisement of any part of the Mortgaged Property levied or sold on execution on any
judgment recovered for the indebtedness secured hereby.
SECTION 13.17. Mortgagor shall, promptly upon request of Mortgagee:
(i) do all acts and things, including but not limited to the execution of any further as-
surances, deemed necessary by Mortgagee, to establish, eonfrm, maintain and continue
the lien created and intended to be created hereby, all assignments made or intended
~ to be made pursuant hereto, and all other rights and benefits conferred or intended to
be conferred on Mortgagee hereby, and Mortgagor shall pay all casts incurred by Mort-
gagee in connection therewith, including all filing and recording casts, cost of searches,
and reasonable counsel fees incurred by Mortgagee; and (ii) furnish Mortgagee with a
written certification signed by Mortgagor, as to all then existing leases covering any
part of the Mortgaged Property, the names of the tenants, the rents payable thereunder
and the dates to which such rents are paid, together with executed copies of all such
leases.
SECTION 13.18. Mortgagor covenants that (i) it is duly organized, existing
and in good standing under the laws of the state in which it is incorporated, (ii) it is duly
qualified to do business and is in good standing in the state in which the Mortgaged Property
is located, Qii) it has the power, authority and legal right to carry on the business now
being conducted by it and to engage in the transactions contemplated by this Mortgage
and the Note and (iv) the execution and delivery of and the carrying out of the trans-
action contemplated by this Mortgage, the execution and delivery of the Note and this
Mortgage, and the performance and observance of the terms, covenants, agreements
and provisions of all of the foregoing, have been duly authorized by all necessary actions
of Mortgagor and will not eorrfliet with or result in a breach of the terms or pcavisions
of any existing Iaw or any existing rule, regulation or .order of any court or governmental
body or of the Certificate of Incorporation or the ey-laws of Mortgagor.
SECTION 13.19. Whenever the singular and plural number, masculine or
feminine or neuter gender is used herein, it shall equally include the other.
SECTION 13.20. Tn the event that any installment of principal, interest,
principal and interest or escrow deposit shall become overdue for a period in excess of
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BOOK315 PA~E1632