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HomeMy WebLinkAbout0974 ~ ~ .r,i.t~ 4 2~. 71ie luan rcpresented by this M~~rtg.ige and thr Notr is ~r+unal to the Mung~ ~ur and the Murtgagce ma~fe ~ the lo~n to the Mortgagor based up~m the credit uf the Mortgagor and the Mottgagee's jucf~ement uf the ability of the l~1ungagor to repay all sums due under this Mortgage, and theie~ore this Mortgage may not be as.umed by any sub.,e- ~ yuent holder of an interest in the Mortgaged Propetly. lf all or any part of the Mortgaged Property, or any interest there- ° in, is sold, conveyed, transferred (~ncluding a transfer by agreement for deed or land contracU or funher encumbered hy Mortgagor witnout Murtg;~gee's prior written consent excludi~g the grant of any leasehotd interest in the Murtg~ged Y Property not containing an option to purchase. which lease is made in the ordinary course uf Mortgagor's business, then in that eti•ent Mortgagee may declare aU sums ~cured by this Mortgage immediately due and payable. ~4. Mortgagur represent~ and warrants that i( a cu~w~ation, it is duly organired and validly existing, in g~xxl standing urxier the laws uf the state uf its incorporation, has stack outstanding which has been duly ancl validly issued, ar.d is yu:~lified to do busines~ :~nd is in guai standing in the Stste c~f Flori~la, with ful! power and authurity to con~um- mate the loan cumtemplated hereby; arui, if a partnership, it is duly formed and validly existing, and is fully yualified to do business in the State c~f Florida; with (ull power and authority to coroumm~te the loan cumtemplsted hereby. 25. In the event any one or more af the provisions contained in this Mortgage or in the Note shal! for any rea- ~on tx: hetd to tx~ im atiJ, illeg:~t or unenforceable in any respect, such invalidity, illeg:~lity ~~r unenfurceability sha~t, at the uption uf the Mortgagee, not affect any other provisions uf this Mortgage, but this Mongage sh~l) be conswed :~s if ~uch im~alid, illegal or unenforceable provision had never been cont~ined herein or therein. The lotai intere+t payable pur~usnt to the Note or this MoRgage shall nc~t in ~ny une year exceed the highest law~ful rate uf interest perniitted in the State uf Florida. 26. The covenants and agreements herein contained tihaU bind ~nd the tx:nefit~ and advantages shall inure t~? ~ the respective heirs, executors, administraton, successors, :~nd assigns of the parties hereto. Wherever u~ed, the singu- lar number shall include the plural, the plural the singular,-and the use of any gender shall be applicable to all genders. All ' cover.anu, agreements and undertakings shall be jant and szveral. In the event ad~iitional numbered covenants or paragraphs are for conveoience inserteci in this Mortg;tge, such additional covenants shall be read and given effect as though follow~ing this zo~~enant in consecuti~~e order. IN W ITNESS WHEREOF, Mortgagor ha~ duly executed this Murtgage as of the date firsE atx~vc u•ri~ten. . ~ . G~GE-'~--- . ~~rrEST: Hv _ _ Srcretar~ Ati itti ~ _ _ i C'()RPORATE SEAL) ; STATE OF FLORIDA 1 ? SS: ~ COUNTY OF ~ The foregoing in,trument wa, scknow ledged befure me thi~ ~ da}~ uf 19 ~ 3_ , b~ • ~ G~-i~`z-rsM ~'I.~.-,~,f~, .'it~ ~ • ~~i ~ •y 1 ~ ~ . . ' ?,j ~ ~ r"~! ~ ~ / . t i~ . ~~f~tOTAf'~IAL SLAL) c ~ f e. ~r c . . i ~ _ _ ` t : ~ - ~ . N~,ta Publir G: r, r . . C: f i~ n _ , . . _ . . . . ~ R1 cc~mmiti~i~?nexpires: ~;^-~:`t _ - - ~ ` ~ } Ct~ ~,v~ J _ r Sl ATE OF FLORlf)A VV~O~ ~ y. - _ ~ _ . i ? SS: C'vUNTY OF 1 { The foregoing intitrumem w~a. ackrn~wledged beforr me thi~ - day uf • I y • hY a~ the - uf .a r~,rpc,rauun. un behalf of the cor~x~rativr. Notan~ Public - -n ~ T.'-~T' ~ - " E--.- : : ~ ; ; !~1} aimmi~tii~,n expire~: ~ - ~%!~~UMENiAf! ~ - ; ~ ~ ! ~ C:~~r.(F'F;Er!i.:ii. ,i.~.- _ - i :n Pa = Kxr-e ~s~~~,.~ ~ 5. a~J ~ OR'tVV PZG~ V 1~ ~ - ~ ~ - aoou ~ ' ; • ~ r' ~ - - ~ _ _ - _ »a . ~ . - ,.s .v.~~