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23. T'he loan represented by this Mortgage and the Note is pe~sonal to the Mortgagor and the Mortgnkee made
the loan to the Mortgagor based upon the credit of the Morigagor and the Mongagec's judgerr~ent of tf~e ability of the
Mortgago~ to repay all sums due under this Mortgage, and therefore this Mo~tgage may rwt tr: assumed by any s~hse-
c;~~ent holc~Pr ~f att intecest in the Mortea~ed PtopertY. !f all or any pan of ihe Mortgaged Propeny, or any inte~est them-
in, is sold, conveyed, transfeRed (including a t~ansfer by agreemenl for deed o~ land coniracii or iunner encu~ii~~e~ ~r
Mortgagor without Mortgagec's prior written conseni excluding the grant of any leasehald interest in the Maitgage:~
Pro~eny not containin~ an option to purehase, whict~ tease is made in the o~dinary course of Mortgagor's business. t}~n
in thal event Mortgagee may declare all sums secured by this Mortgage immediately due and payable.
24. Mortgagor represents and warrants that if a carporation, it is duly organized and validly exi~ting, in gaxl
standing under the laws of the state of its incorporation, has stock outstanding which has been duly and validty issued.
and is qualified tu do business and is in good standing in th~ State of Ftorida, with full power and aulhurily to conswn- ~
rnate the loan comtemplated hereby; and, if a parlnership, it is duly formed and validly existing. and is fully qualif ed to
u~ iiii3ii~cS~ ici tii:. .eiiu::; r.m~~Pr ~r~! a~~r?u.~~tv to contummare the loan comtemplated hereby.
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iii ilic ~'rci~Q di~ vna. v. :i:.^,:: J~:ti~ ^•^~;~~n~~ ~~~~a~~~d in t~ic Morteaee or in the Note shall for an ~P:!-
y y
son oe neia iei ocz itivaiii~, i{ir~di fii Ui~~i~~ttiC~avi~ 3:~ .:f~ j ts,~Y_~4, 5~.~~h lS~~~lfdl~y, 's!~Paa!!ty ~r t~nenForceability shall, 8t
the option of the Mortgagec, not affect any other provisions of this Mongage, but this Mortgage shall be construed as if
such invalid, illegal or unenforceable provision had never been contained herein or Iherein. 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 in the
State of Florida.
26. Tl~e covenants and 'agreements herein contained shall bind and.the benefits and advantages shall inure to ~
the respective heirs, executors, administrators, successors, and assigns of the pariies hereta. Wherever used, the singu-
lar number shall include the piural, the plural the singular, and the use of any gender shaU be applicable to a!! genders. All
covenants, agreements and undertakin~s shall be joint and several. In the event additional numbered covenants or paragraphs
~ are for convenience inserted in this Mortgage, such additional covenants shall be read nd given effect as though following this
= covenant in conseeutive cxder.
} IN WITNESS WHEREOF, Mortgagor has duly executed this Mortgag ~ the d first abo ritt .
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a: ATT _ BY
~ Secretary
~r .
~
As its !
~ (CORPORATESEAL) This ia a ballooon mortgage and the fianl ~
~ principal payment or the principal balance due
~ upon maturity is ~24,291.88 together with accrued
s STATE(3FFLORIDA ~ interest, if any, and all advancements made by
~ ) SS: the mortgagee under the terms of this mortgage
~ COUNTY OF ST ~-u LI ~
)
~
The foregoing instrument was acknowledged bcfore me this ~ day of n'1 Q~~ ,[9 by
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~ . / lf~~ii~nj i 1 L.ln o' I ~
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~ ~ ~ ~~~r: ; i r •86 I~V 19 P3.a7
V , '
; (N~TI'A~~ALSEA ) _ ~
4 . J i3 FILEp A?; Notary Public
, t : ROGER PC; i; _ ' ,
. - • ` . r' ' , " ~~:,ta~~ i,:~~u. Stafe of flar"da
~ . ST LUCIF ;,;~;~h! : Mycommissionexpires: ~,~y ~ommission Exp'sres lan. 8. 198Z
• r~ Woaw trw ircr Er~ : ta?u»a~. {p~i
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~ STATE OF FLOR(DA~ ) ~
) SS: ,
COUNTY O~ )
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~ The foregoing instrument was acknowledged before me this day of ,
~
19 . bY asthe
~
of ,a corporation,
on behalf of the co~poraiion.
~
.j
~ Prepared By : . Notary Public ~
~ P. White
k~ (NOTAKIAL SEAL)
Sun Bank/Treasure Coast NA Mycommissionexpires:
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Ft. Pierce, Florida _ ~t;~ ~
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