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18, Notwithstanding any provision'herela or in the note
secured hereby or is any inatrudent-now or hereafter securing said note,
the total liability for papdents is the nature of interest shall not
exceed the lisits now lsposed by the usury laws of Florida, and any
excess portion of such charges that day.--have been prepaid shall be
refunded to the me~k~er together with interest thereon as required by law. -
19. 'lhe total-asount of indebtedness secured hereby-oay
decrease or increase Eros tine to-tine, but the total unpaid balance ao
secured at say one tics shall sot exceed the principal sus of $700,000,00,
- plus interest thereon and any dsbursedents made for the payeeuts of
attorneys' tees, taxes, levies or insurance on the property covered by
the lien of this mortgage, with interest thereon; and this mortgage
shall secure say and all additional or further ponies which say be
advanced by the Mortgagee to the Mortgagor, or say one of thee; if there
be sore than one, after the date hereof, which future advances of coney, - -
if lade shall be evidenced by a note or notes executed by the Mortgagor,
or-any one of them if there be sore than one, to the~Mortgagee bearing
such fate of interest-and with such maturities as shall be determined
from time to time, but any and all such future advances secured by this - {
mortgage shall be lade not sore than twenty (20) years after-the date -
hereof. Nothing herein contained-shall be deeded an obligation on-the -
- part of the Mortgagee to sake any future advances. ~
20. In the event any one or sore of the provisions contained
in this mortgage or in the note"shall for any reason be held to be
imralid,-illegal or unenforceable in-any respect, each invalidity,
illegality or unenforceability.shall, at the option of the Mortgagee, {
not affect any othei prevision of this mortgage, but this mortgage shall -
_ be construed ae if suck invalid, illegal-or unenforceable provision had
never been contained herein or therein.
- 21. No transfer, assig~ent, hypothecation or further encua-
- brance of all or any part of the security for this sortgage shall be
lade by Mortgagor without-first having obtained the prioi written consent
-of Mortgagee.- No dissolution of the corporate borrower shall be suffered
or perditted without said prior written consent having been first obtained.
Any transfer or transfers of the interest of the stockholders of the
corporate borrower which would have the effect of transferring voting ;
control thereof -frog controlling stockholders at the tine of-the_eaecution
of this aortgage (except a transfer by reason of the death of a stockholder)
shall be deeded to be a prohibited transfer by. the corporate borrower -
unless the written consent of Mortgagee thereto is first obtained. Wi-t6
respect to any conveyance to which the Mortgagee shall consent hereunder,
the Transferee shall agree to assude the paysent of the obligation
- evidenced by the aforesaid Promissory Note and all obligations captained
in this mortgage indenture.
In the event Borrower shall suffer or permit any prohibited
transfer or encumbrance to take place, then the Mortgagee may, at its
Qption, accelerate the indebtedness herein secured. and declare the
entire amount of principal plus accr~:ed interest-thereor. due and-payable
at once w3thaut .once or demand.
22. It is further agreed and understood that the Mortgagor -
hereia shall furnish said Mortgagee, its succeasars and assigns, in such
_ for.0 and with content as shall be satisfactory to said Mortgagee, its
- succes-ears or assigns, cer~i-fled and itesised financial. statesenta on _
the operation of the demised preaises and iaprovements situate thereon
showing all incose ar~d expenses associated therewith w3 thin ninety (90)
days after the close .of each fiscal year covering the preceding fiscal
year. All fees and e2cpenses covering the -cost of preparation of such
statements shall be paid by Mortgagor. Nnrtgagee reserves the additional
right, at Mortgagor's expense, to conduct tts own independent audit of
any incode expense statesent subditted.°
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