HomeMy WebLinkAbout0970 21. The loan represented by this Mortgage aiui the Note i+ pe~mul w thr MoNgagor and thr Mortgagee madr
tfie loan to the hlongagor based upoa the ct~dit uf the Martgagor and thc Mortgagee's juJgrment of ~he ability af the
Mortgagur to repay all sums due under this Mortgagc, and therefore this Morigage may not be assumed by dny subse-
quent holder of an intercst in the Mortgaged Property. lf all or any part of the Mortgaged Property, or any interest there-
in, is sold, conveyed, transferred (including a transfer by agreement for deed or land cuntract) or furtherencumbered by
Mortgagor without Mortgagee's prior written consent excluding the grant o~' any leasehold interest in the Mortgageci
Property not containing an option to purchase, which lease is m:~de in the ordinary course of Mongagor's business, then
in that event Mortgaget may declare all sums secured by this Mortgage immediately due and payable.
24. Mortgagor repre.ents an~i wa~rants that if a corporation, it is duly organized and validiy existing, in gexxf
standing under the laws of the state of its inco:poratiun, has stock outstanding which has been duly and validly issued,
and is yualified to do business and is in gocxi standing in the St~te uf Floritfa, with full power and authonry to consum-
mate the (uan camtemplated hereby; and, if a partnership, it is duly forrned and validly exissing, and is fully qualifie~l to
do business in the State af Florida; with full power ancl authority to cunsummate the loan comtemplated hereby.
25_ In the event any one or more nf the provisions contair~ed io this Mongdge or in the Note shall for any rea-
~un be held to be invalid, iNegal or unenforceable in any respect, such invalidiry, illegaGty or unenforceabiliry shall, et
the ~~ption of the Mortgagee, not affect any other provisions of this Mortgage, but this Mortgage shall be construed as ef
such inva:id, illegal or unenforceable p~ovisiun had never been contained herein or therein. The towl interest payable
pursuant to the Note or this Mortgage shall not in any one year exceed the highest lawful rate c~f interest permitted in the
State of Florida.
26. The covenants :~nd agreements hercin contained shall birxi and the benefits and aJvantages shall inure to
the respective heirs, executors, administrators, successors, and assigns of the parties hereto. Wherever used, the singu-
lar number shall include the plural, the ptucal the singutar, and the use of any gender shall be applicable to all genden. Al!
covenants, agreemena and undercakings shall be joint and several. In the event additional numbered covenants or paragraphs '
are for convenience inserted in this Mortgage, such additional covenants shall be read and given effect as though following this
covenant in consecutive order.
tN WITNESS WHEREOF, Mortgagor has duly executed this Mortgage as of the date first above wriuen.
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- - - . _ _ _ ~~e-C''u~~ KepP~~._ .
~ dwar J.
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Caro ine A. Kep
.arrEST: ~ B~' -
Secretary
As its
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i CORF'ORATE SEAL)
STATE OF FLORIDA ?
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COUNTY OF S t. L u c i e ? ~
The foregoing instrument w•as acknuw ledged befure me this 14 t h~~y of A p r i 1 , 19 _ 8 3 , b}
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( NOTAECI'AL SEAl.) r r. , , ~ ' -
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. Opr.y 1y ci~m i>tiion expire~:
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STATEOFFLORIDA ? ~vU`~~~Y r-- , "
) SS: a t..;_„ ,r;. ~ i .~.,~.-.c.:w ;.;.J _ i
COUNTY OF ? ?
The foregoing inswment uas acknow•ledged t~efure me this da~' ~~1 •
1 y . by ati the -
cif .a - cur~x,rah~,n.
on behalf of the corFwration.
Nol'ary Puhlic - -
INO~TARIAL SEAL? 1~1}~ ci~mmi~sion expirc.:
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