HomeMy WebLinkAbout0805 has conveyed to the Payee a security title and interest in
the property (hereinafter referred to as the "Collateral")
described in the Florida Mortgage (hereinafter referred to
as the "Mortgage") of even date herewith, executed by
Borrower as "Mortgagor" to Payee as "Mortgagee", which is to
be recorded in the public deed records of St. Lucie County,
Florida.
If Borrower fails to pay when due any amount
payable hereunder, or if Borrower is otherwise in default
in the due observance and performance of the terms, con-
i
ditions, representations, warranties, covenants and
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agreements contained herein, in the Mortgage, or in any '
other writing relating to any of the Liabilities or the
Collateral, then Borrower shall be in default hereunder.
In the event Borrower shall be in default ~
hereunder, then Payee may execute and deliver to Borrower a
notice specifying such default and the action required to
cure such default, and if such default is not cured within
ten (10) days after the giving of such notice, as to the
i
j non-payment of amounts due and payable hereunder, or within
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l thirty (30) days after the giving of such notice as to any
other events of default hereunder, then any or all of the
€ Liabilities may, at the option of Payee and without demand
or further notice of any kind, be declared by Payee and
thereupon immediately shall become due and payable, and
Payee, without demand or further notice of any kind, may
exercise from time to time any and all rights and remedies
f
available to it under this Note, the Mortgage, any other
- instrument or document relating to any of the Liabilities or
the Collateral and under any applicable law.
With the consent of Payee this Note may be extended
or rAnewed, in whole or in part, without notice to or con-
sent of any co-maker, endorser, guarantor, surety or other
person or entity liable, whether primarily or secondarily,
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''K~18 P~~E 804
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