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HomeMy WebLinkAbout0158 20. Extension of the time for payment or modification of amortization of the soma secured by this mortgage granted by mortgagee to any successor in interest of mortgagor shall not operate to release, in any manner, the liability of the original mortgagor and mortgagor's successors in interest. Mortgagee shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this mortgage by reason of any demand made by the original mortgagor and mortgagor's successors in interest. ' 21. Any forbearance by mortgagee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise'of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by mortgagee shall not be a waiver of mortgagee's right to accelerate the maturity of the indebtedness secured by this mortgage. 22. Except for any notice required under applicable law to be given in another manner, (a) any notice to mortgagor provided for in this mortgage shall be given by mailing such notice by certified mail addressed to mortgagor at the property address or at such other address as mortgagor may designate by notice to mortgagee as provided herein, ansl (b) any notice to mortgagee shall be given by certified_mail, return receipt ` requested, to mortgagee's address stated herein or to such other address as mortgagee may designate by notice to mortgagor as provided herein.' Any notice provided for in this mortgage shall be deemed to have been given to mortgagor or mortgagee when given in the manner designated herein. . 23. If all or any part of the property•or an interest therein is sold or transferred by mortgagor without mortgagee's prior written consent, excluding a transfer by devise, descent or by operation of law upon the death of a joint tenant, mortgagee may, at mortgagee's option, declare all the sums secured by this mortgage to be immediately due and payable. Mortgagee shall have waived such option to accelerate if, prior to the sale or transfer, mortgagee and the person -to-whom the-proper-ty is to be-sold-or-transferred-reach-agreement ~ in writing that the credit of such person is satisfactory to mortgagee and that the interest payable on the sums secured by this mortgage shall be at such rate as mortgagee shall request. If mortgagee has waived the option to accelerate provided in this paragraph 23, and if. mortgagor's successor in interest has executed a written assumption agreement accepted in wPriting by mortgagee, mortgagee shall release mortgagor from all obligations under this mortgage and the note. IN WITNESS WHEREOF, the mortgagor has executed this j mortgage the day and year first above written. . Signed sealed and delivered PORT ST. LUCIE LANES, INC. in t ence of: _ y~~, William E. Gould, Presi ent L-_.t,•~-~ ~ . - WILLIAM E. GOULD CONSTRUCTION, INC • By ~jz-G-~-.r ~ ~ Wi iam E. Gould,, Press s ..../tun//UN~/ . Corporate Cor~pYa~-R~~CT''~,. , Seal S;~d4'•.-~~ '••%f FEE. KOBLEGARD as TEEL. P. l~ l y . ~ , ~"J~`t;` , .f~~' f ~ ATTORN[YS AT LAW I~ l~' N'•, ~ POST OFFICE SOX 1000 ~ - ~ ' :•s, FORT PI[RC[/ FLORIDA 35160 PlGE TtLE~NONt/ 15061 461.6020 ~'~R ~x ? 4~ • e_ h a, i~wx . .