HomeMy WebLinkAbout0915 S~AttUt-r~uxiv,~ ~
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The foregc~ing in~trument w as acknc~u•ledged before me this _ ~iny~ of _ .
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f. Notar} Public
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23. The toan repre~ented by this Morigage und the Note is personal to the Mortgagur ~nd Ihe Mortgagee made
the lu~n to the hiortgagor based upon the credit of the Mortgagor and the Mortgagee's judgement of the ability of thr
Mortgagor to repay alt sums due under this Mortgage, and therefore this I~lortgage may not be assumed by any subsc:-
quent holder of an interest in tt~e Mortgaged Propeny. If all or any part of the Mortgaged Property, or any interest there-
~n, is sold, con~~eyed, transferred (including a transfer by agreement for deed or land contract) or further encumbered by
Mortgagor without Mongagee's prior written con~e~~t excluding the grant of any leasehold interest in the Mortgaged
Property not cuntaini~g an option to purchase, which lease is made in the ordinary coune of Mongagor's business, then
in that event Mortgagee may declare ali sums secured by this Mortgage immediately due and payable.
24. Mvrtgagor represents and warrants that if a curpor3tic~n, it is duly organired and validly exitting, in ge+~i
~tanding under the laws of the state of its incorporation, has stock outstanding which has been duly and validly is~ued,
and is yualified to do business and is in good standing in the State oC Florida, with full power an~ auth«rity to consum-
mate the loan comtemplated hereby; and, if a partnership, it is duly fom~ed and validly existing, and is fully qualitied to
do business in the State of Florida; with full power and authority to consummate the loan comtemplated hereby.
25_ In the event any one or more of the pmvisions contained in this Mortgage or in the Note shall for any rea- .
wn be h~ld to be invalid, illegal or unenforceable in any respect, such invalidiry, illeg~lity or unenforceability shall, at
the option of the Mortgagee, not affect any other provisions of this Mortgage, but this Mortgage shall be construed as if
such im•alid, illegal or unenforceable provision had never been contained herein or therein. The total interest p~yable
~ursuant t~ the Note or this hlortgage shall not in any one year exceed the highest lawful rate of interest permitted in the
State of Fiorid~.
26. The covenan.s and agreements herein cantained shall bind and the bene~its and advantages shall inure tu
the respective heirs, executors, administrators, successors, and assigns of the parties hereto. Wherever used, the singu-
lar number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. A!1
co~~enants, agreements and undertakings shall be joint and severaL In the event additional numbered covenants or paragraphs
are for com~enience inserted in this Mortgage, such additional covenar.ts shall be read and given eff t as though following this
covenant in consecutive order.
IN WITNESS VVHEREOF, ~lortgagor has duly executed this Mortgage as of the te first above written.
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ATTEST: BY
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