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HomeMy WebLinkAbout0964 , 23. Loan Agreement. The proceeds of the Ncte secured ~~he"reby are being disbursed pursuant to a certain Loan Agreement between Mortgagor and Mortgagee, which Agreement is made a part hereof by reference thereto (the "Loan Agreement'). ~?~}-~~-..p..~~ _wPPC_ 'rhe term "attorne_y's fees" as used in ~z~~.,~, ..l this Mortgage includes any and all legal fees of whatever nature inciuding, but not limited to, fees resulting from any appeal of an interlocutory order or final judgment or any other appellate proceedings arising out of any litigation. Further, such term shall not be limited to fees incurred by Mortgagee in the ' enforcement of rights under this Mortgage. 25. Cost of Recording Satisfaction. Mortgagor shall pay the cost of releasing or satisfying this Mortgage of record.. 26, Changes to l~tortgage. All changes, alterations, dele- tions or additions to the substance of any paragraph in this MortoaQe which have been agreed to between Mortgagor and Mortga- gee have been initialed by Mortgagor as additional prooi oi ~i~r~- gagor's consent. 27, Legal Interest Rate. All agreements, including this Mortgage, between the Mortgagor and the Mortgagee are expressZy limited so that under no contingency or event whatsoever shall the amount paid or agr~ed to be paid to the Mortgagee hereof for the use, forebearance or detention of the money advanced, or to - be advanced hereunder, exceed the lawful highest rate permissible under the prevai2ing law. If fulfillment of any provision here- of, or the Note secured hereby, or any other agreement re~erred to herein or pertaining hereto, at the time performance of such provisions shall be due, shall involve transcending the limit of validity prescribed by statute or which a court of competent jurisdiction may deem applicable hereto, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such - validity, and if from any circumstances the Mortgagee or the hol- der of the Note secured hereby shall ever receive as interest an amount which wauld exceed the highest lawful rate, such am,ount _which would otherwise be excessive interest shall be applied to the reduction of the unpaid principal balance due under the Note secured hereby and not to the payment of interest. This provi- sion shall control every other provision of all agreements between the hiortgagor and the Mortgagee with respect to the pay- ment of interest or other charge for the use, forebearance or detention of money advanced or to be advancEd hereunder. IN WITNESS WHEREOF, Mortgagor has execUted this Mortgage and Secvrity Agreement, the day and year first above written. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT Signed, sealed and delivered OR THE BALANCE DUE UPO;v MATi1RZTY IS $23,OQO.OQ, in the presence of • TOGETHER WITH ACCRUED INTEREST, IF ANY, AIVD AI.L . " ADVA.nJCEAiEh'TS MADE BY THE MORTGAGEE Uiv'DER THE - TERMS OF THIS ORTGAGE. ~ / ~ : ~ , ~ / ~I_.y~ ~J . c - Jo-~ a , ri~R~ s e~.~(,4 ~ ~ a~ AiVNA MARGETI S - - 9 - 443 ~Avf ~;4 _ , _ _ _ _ _ .