HomeMy WebLinkAbout0925 21 Th~c lw~ repciesented Dy ih~s Mortgage and the Nott is personal to ~1x Matgagor and the Mohg~gre macie
thc laan to the Mortgagcx bascd upon the crcdit ot the Mongager and thc Mortgagee's ~udgement of the sb~i~sy of the
Mongasar to repay ali sums du~ under th~s Martgage, and theneforc this MoR~age map nnt be usumed by any wbse-
qucns holcier o[ an intsrest in the Martgaged Pivperty. lf all or any part of the Mort8a~d ~'r+apeny, or any intercst thcrc-
m, is sold, conveyrci, aansfemed (including a transfer by agrcement for deed or land contrac~l or further encumbercG by
Mortgagor without Mongsgee's pnor wntte~ consent excluding the gtant of any leasehold interest in the Mongaged
Propeny not containing an optio~ to purchase, which leasc ~s made in the ord~nary course of Mc?rtgagor's busirxss, then
in that event Mortgagee may declare all sums securecf by this Mortgage immed~ateiy due mnd payable.
2~ Mongagor rcprcxnts and warTants tha~ if a corporatwn, u is duly organizcd and vaiidly ex~st~ng, :n guud
standing undtr the laws of thc statc of its ~ncorporation, has stock outstanding which has been duly and validly issued,
a~d i, qualified ~u do business and is ~n good standing in the State of Flonda, whh full power and aulhority to cunsum-
mate thc loan com[emplated hercby; and, if a pattnersh~p, u~s duly fornxd and validly existing, and is fully qualified to
do business ~n the State of Flonda; with foll power ~nd authonty to consummate the loan romtemplated herrby.
~ 25. In thc ~vcnt any one or morc of the provisions contained in this f~lortgagc o~ in the Nae shall for any rea-
son bc hetd to be invalid, illegal or unenforceable in any rcspect, such invalidily, il~egality or urunforceability shall, at
the option of the Mortgagce, not affxt any other provisions of this Mcxtgagt, but this Mortgage shall be ccx~stn~ed a~ if
su~h ~nvalid, ilkgal or uneniorctabk provisian had ntver betn contained hertin or therein. The total intercu payabie
pursuant w the Note or this Mortgage shall not in any ax yeu excoed the highest lawfui rate of inttrtst permitted in tht
Stait of Florida.
26. The covenants and 'agreements herein containrd shall bind and the benefits and advantages shafl inure to
the respective heirs, executors. sdminisuators, svccssso~, and assigns of the parties hereto. Wherever used, the singu-
!ar number shall include ihe plural. the plural the singular, ~rxi the use af any giender ahtll be applicabk to all genders. /\4
oovenants, a~amenu and undertz6cir~gs shal! be ~dnt and severaf. ln the event additia~a! nu~nberod oovenants or paraaraphs
arc for oonveniena i:uertod in this Mortg~ge, wch sdditiona! covenants shall be read and ~iven effect at thou~th fdbwing this
oovenant in consocu~ve arder. - '
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IN WTTNFSS WHERFAF, Martgagor hu duly ex~cuted this Mcxtgagt u of the date first above written. r; v'4
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CANE-SLOLK~i CORPOFtATION ~ ~ . : ~ , '
Attest%~~ LK • ` - .
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BY: ~~t~~''- fL L~ ,C/ " ~ `
--d-.. .
~ V ~ k r3ark E. S~evens, President "«<~~:;~~r~~" ~
(yt:..~?~,cs,. . "I.~ESSEE,~
~ T1~ undersigned, MARK E. STEVENS and BETTY J.
STEVEI~S, his wi~e, as Z~stees, and
in.dividUally, CHARL,FS TEELON anti CAROL
TEELOH, his wife, and HUWARD OHL and MARY
OHL, his wife, ha~~e joinec~ in the execution
of this mortgage for the sole purpose of
enc~bering their fee sirr~le ~itle to the
; above described lar.d.
E` I
Witnesses:
€ ~ ~
~ ~ - M~1RK E. S`I'E.'VENS, Ir~ividuaZly and as `Ihistee
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~ ~ •
~ B ~ J. Individually and as Trustee
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C.1
k
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y As t~3--~~ harles Tee n C~ZI,ES TF;~'LpN
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~ -dl,~ ~-y-~-~ ,
~ TEELON C ar o ~
F CAROL TEEI,ON
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~ ~ 508 PaCE 925
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