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23. The loan represented by this Mortgage and tt?e Note is personal to the Morigagor anci ttx M~~ngagee maJe
the loan to the Mortgagor based upon the crcdit of the Matgagor and the Mortgagce's judgement of the abiliry of the
Mortgagor to rcpay all sums due under this Mortgagc. and thtrefore this Mongage may not be assumed by any subse-
quent holde~ of an inter+est in the Mortgaged PropeAy. If all or any part of the Matgaged Property, or any interest there-
in, is sold. conveyed. ttat?sfemed (including a transfer by agreement for deed or land contract) or further encumbtred by
Mortgagor without Mortgagee's prior written consent excluding the grant of any leauhold intercst in the Mortgaged
PropeKy not containing an option to purchase, which lease is made in the ordinary ca?rse of Mortgagor's business, then
in that event Morigagee may declare all sums securcd by ~his Mortgage immediately due and payable.
24. Mortgagur represents and warrants that if a corporation, it is duly organized and validly existing, in good
standing under the laws of the state of its incorporation, has stock outstanding which has boen duly and validly issued,
and is qualif
ied to do business arxi is in good standing in the State of Florida, with full power and authority to consum-
mate the loan comtemplated hereby; and, if a partnership. it is duly formed and validly existing, and is fully qualified 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 provisions contained in this Mortgage or in the Note shall for any rca-
son be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality v~ unenforceability shall, at
Ihe option of the Mortgagce. not affect any other provisions of this Mortgage, but this Mortgage shall be construed as if
such invalid, illegal or unenforceable provision had never been contained herein or therein. The total interest payable
pursuant to the Note or this Mortgage shall not in any one year exceed the highest lawful rate of interest permitted 'm the
State of Florida.
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26. The coveaants and 'agreements herein contained shall bind and the benefits and advantages shall inure to I
the respective heirs. executors, administrators. successors, and assigns of the parties hercto. Wherever used, the singu-
lar number shall include the plural, the plura! the singutar, and the use oi any gender shall be applicabk to all genders. All
covenants, agroemenu and undertalcings shall be jdnt and severaL (n the event additional numberod oovenants or paragraphs
arc for conveniena insertod in this Mortgage, such additional aovenants shall be read and given effect as thuugh folbwing this
covenant in consecutive order.
IN WITNFSS WHEREOF, Mortgagor has duly executed this Mongage as of the date first above written.
This is ey ort a e a Ba11Qon Paqment
ue 6 2Z on~ K~
6-c.~.~r'~ ~ , ~i~-~_
it ess .
~ y~ YECELIA PATTI .
Witness - ~
As its
7a , ooG . C~d
(CORPORAI'E SEAL) RecPi~•ed g~~_ !n PAymerr, O~ T~xc.:
Dua On Class "C" intrngible Personal Property,
- i uzsvaM 7o Chapter 71,134, Acts Of ; ~71.
STATE OF FLORIDA ) ROCER PJiTRAS ~
~ SS: "~F~=. Clft;,iY ~..Oll!t, S:. ~ UC??. C^, f~:..
COUNTY OF ST. LUCIE > ~
The foregoing instrument was acknowledged before me this D day of July , 19 86 , by
SALVATORE PATTI and CECELIA PATTI, his wife
~ .
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- SI •
r
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(NOTARIAL SEAL> c"~ ~ ` ` .
tary lic = . _
Z~~sa7» - _
-
~ My commission expires: ~:?u. sr'..s~e ' .
~Y"tO+A~;jsia7 f~ec-
iro.Md ~~w p,~ Fi~,' puw,nc~ yS
STATE OF FLORIDA ) ' ~
) SS: "
COUNTY OF ) ~
"ilu foregoing instrument was acknowledged before me this day of .
I q , by - as the
of .a corparation,
on behalf of the corporation.
'~~9'~2:~
-9 A 9 :44
FI~~ NotaryPubiic
RCC
INOTARIAL SEAL) My commission expires:
`sooK 506 ~acE 915
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