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23. The luan repre~entrd by this hlurtgage arxl the Nute is pe~suna) tc~ the Mortgagor and the Murtgagre made ~
the lo;~n tu the Mactgagor based upon the credit of the Mungagor and the Mortgagee's judgement of thr ability of tt~e ,
Murtgagor to repay all sums due under this Mortgage, and therefor~ this Mongagc may not be assumed by :u~y subse-
yuent hulder of an interest in the Mortgaged Property. If all or any part of the Mortgaged Propeny, or any i~terest there-
in, is suld, conveyed, transferreJ lincluding a transfer by agreement for deed or land contract) or further encumbered by
Martgagor without Mortgagee's prior written consent excluding ~he grant of any leasehuld interest in the Mortgaged
F'roperty nut containing an optiun to purchase, which lease is made in the ardinary coune of Mortg~gor's bu~iness, then
in that event Mortgagee may declare all sums secured by this Mongage imrr.ediately due and payable. -
24. Mongagur representti and warr:?nts that if a curEwratiun, it is duly urg;~nized anJ valiJly exi~ting, in g~xxf
standing under the laws of the statz of its incorparation, has stoc~k outstanding which has been duly and v:+lidl~• is~uecl, i
and is yuaGfied ta de? business and is in guoci st:~nding in the State uf f=lurida, with full puwer and authuriry to consum- i
mate the loan com[emplated hereby; and, if a partnenhip, it is duly forn~ed and validly existing, and is fully yualified tu
du business in the State of Florida; with full power and authority tu consummate the iuan comtemplated hereby. ;
25. In the event any one or more of the provisions contained in this Mortgage or in the Note shatl for any ma- t
sun tx~ held to t~ im•alid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall, at
the uption of the Mortgagee, not affect any o:her provisions of this Mortgage, but this Mortgage shall be construed as if
~urh invalid, illegal or unenforce:~ble provision had never been cuntained herein or therein. The tutal interest payabie =
pursuant to the Note or this Mongage shall nat in any one year exceed the highest lawfu! rate of interest permitted in the
State uf Florida.
26. The cu~~enants and agreements hercin cont:~ined sh~ll bind :~nd the benefits and adv;~ntages shall inure tu
the respective heirs, executors, administrators, successors, and assigns of the parties hereto. Wherever used, the ~ingu-
lar number shall include the plural, the plu~al the singular, and the use of any gender shall be applicable to all genders. All
covenants, agreements and undertakings shalf be joint and several. In the event additional numbered covenants or paragraphs _
are for convenience insertecl in this Mortgage, such additional covenants shall be read and gi~~en effect as though fotlowing this
co~•enant in consecuti~•e cxder.
iN WtTNESS WHEREOF, Mortgagor h~?s duly executed this Mortgage :~s of the date first atx~~~e written.
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:~TTEST: _ gY ~ CQJ~--~
Secretsry
A> its
~CORPORATE S~AL?
STATE OF FLORIDA ~
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COUNTY OF ~ < < ~ ~ ~
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The foregoing instrument was :~rknowledgrd before me this 7~~ day vf - y~. , nti
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i NQ'~'ARIA~
SEA~b) ~ . , I c-y~~^ ~ _ ~CG,~c/
I~}~tary Public
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STATE OF FLOFZIDA ~
J SS:
COUNTY OF > ~
The foregoing instrument was arkn~iw•ledged befe~re me thiti day of ` _ , ~
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19 . t~y - - - - a. the ~
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o( _ - - .a - ri,rp„raUun,
~~n behali of the corporativn.
Notary Public
~NOTARIAL SEAU +Mycummi~~ionexp~rc.:
BGjJi( `~UO PAGE s~7 ! V
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