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23. NatwithsUndins any printed provisio}ts of this mort~e or of th~ promissory note tor which this
mortgage is give~ u ucurily, upon the sale, traiµfier or eonveyanes by the Mortgagors of the encumbered property,
the entire principal balance. totether with accrucd interest then owin~, ahall become due and payable with-
out furthrr noticr. Arceptance of any instaQment oc payment after a conveyance of the encumbered propeny by
the Martgagee shaU not be construed aa a waiver.
24. M~utgagcx rrprcsents and warrants tha~ if i corporatian, it is duly organiud anci validiy exi~ting, in goo~i
standing under tht laws uf the state of ~ts incap~xa"tion, has stack outuanding wi~ich has been duly uxl validly iuuod.
and ia yualified tu do business and is in goal standing in the State of Florida. with full power and authority to consum-
mate the loan comtemplattd hercby; and. if a parinetship. it is duiy forn~ed ar~d vatidty existing. and is fully quAliC~ed to
do bu3iness in the S~ate of Florida: with full pvwer and authority to consummate the loan comtemplated h+eneby.
25. In the ev~nt any ane or nar+e of thc pmvisions contain~d in this Mortgage or in thc Note shall fa?r any rca-
soo be held to be invalid, ilkgal cx unenforceabk in any rcsptct, such invalidity, itlegaiity cx unenforceability shsll, at
the option of the Matgagee. not affect any other provisions QF this Mortgage, but this Mortgage sha!! be constnxd u if
~uch invalid. +Ikga) ar unenforctabk provi~ion had ttever been containeef hercin cx thercin, Tt~e total intercst payable
pursuant to t1x Nott or this Matgage shall not in any one year ~xceod the highest lawful rate of interest petmittcd in the
State of Florida.
26. The covenanis and 'agrctments hercin cantained shall bind and the benefits and advar~tages shall inurc to
the r~esperiive heirs. executors, ~ministrators, successors, and assigns of the parties hcrcto. Wherever used. the singu-
lar number shall include the plural. the plural the singular, and the use of any~gand~r shall be applicabk to all ~enders. All
oovenants, agrartKnts and undertalcings shall be jant an~ several. ln the event additional numberod aovsrwnts or pangraphs I
are for oonvenienoe in3enod in this Mortga~e. such additionat covenants shall be resd and given ettoct at ttrough fdlowing this
aDovUenant i ti order. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE
ADV REU~:IG[af"Rfi~Ti~E~~~~'"~-"Z~ kfo~"~R~~lf~~~~t"tio~ ANY, AND ALL
S gagor as uly execu is gage as o da e~rs a v~ written.
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STATE OF FLOR{DA ~ . ~
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COUNTY OF I~SARTIN ~ ~
The forcgoing inswment was acknowledged beforc me this 26th day of June ~ q $6 by
WILLIAM H. GAFFNEY and MARY E. GAFFNEY, his wife
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_ , ~~iO~Y {~UgCTC ST~CT~ OF ~LORID~C ~''1 i
S OR~D/~ 1 ~IY ~OMMIS51p,'8 EXPIRES iAAR 27 199I
y' ~~~,~~f ~ ~ JJ. ~~"~L~?'i ill~V ~yl1CO~lr ~VIYy~~ wrl ~ •
t.t/~l~ l ~ OF
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The forcgoing instrument was acknowledged before me this day of , ~
I 9 , by as the ;
of .a corporation, '
on behalf of the corporation.
Notary Public
(N(7TARIAL SEAL) My commis~ic?n expire.:
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