HomeMy WebLinkAbout0984 11. Assignee shall not be deemed to be an a~ent, partner
or joint venturer of either Assignor or any other person, and
nothing herein contained shall be construed to impose any
2iability upon Assignee by reason of the assignment granted
hereby.
12. When the content so requires, the use of the
singular herein shall include the plural and conversely, and
the use of any gender herein shall include all genders.
13. This Assignment shall be governed by and construed
in accordance with the laws of the State of Florida. Whenever
possible, each provision of this Assignment shall be
interpreted in such manner as to be effective and valid under
applicable law; but if any provision of this Assignment shall
be prohibited by or be invalid under applicable Zaw, such
provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder
of such provisions or the remaining provisions of this
Assignment.
14. This Assignment cannot be modified or terminated
orally.
15~ Notices required hereunder shall be by registered or
certified mail or hand delivered, addressed as follows:
To Borrower:
ZED COAST CORPORATION
3255 South U.S. ~1
Fort Pierce, Florida 33450
To Lender:
BARNETT BANK OF ST. LUCIE COUNTY
900 Prima Vista Blvd.
Port St. Lucie, Florida 33452
With a copy to:
WARNER, FOX & SEELEY~ P.A.
514-A S.E. Port St. Lucie Blvd,
Port St. Lucie, Florida 33452
or to such other address specified in writing by one party to
the other in accordance herewi~h.
16. Unless otherwise defined herein, terms are used
herein with the same meanings as defined in the Note. In the
; event of any conflict between the terms hereof and the Note,
' the terms and conditions of the Note shall control.
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( 17. The full performance of all the Loan Documents and
the duly recorded satisfaction or release of the Property
~ described in the Mortgage shall render this Assignment
automatically void with respect to the Property or portion
thereof described in any such satisfaction or release,
~ 18. The net proceeds collected by Assignee, after
~ reimbursement of expenses incurred by Assignee under the terms ~
of this instrument, shall be applied in reduction of the entire
~ indebtedness from time to time outstanding and secured by the
Mortgage.
~ 19. This Assignment applies to and binds the parties ~
~ hereto and their respective heirs, administrators, executors,
~ successors and assigns, as well as any subsequent owner of the
i Property described herein and any assigne~ of the Mortgage
~ referred to herein.
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