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23. The loan rcprcsentMt by this Mortg~ge and the Note is pe~sonal to the Mortgagw and the Mortgaga made `
the loan to the Matgagor based upon ~he crcdit ot the Mortgagor s~ the Mortgaga's judgement of the ability of the '
Matgagor to rep~y sil sums due unde~ this Mortgage, and the~efo~ this Mortgage may nat be assumod by any subse-
queM holder of an intereu in the Mortg~ged Pnopesty. if all ot any put of the Mortgsge~ Propeny. or nny iatercst therc-
m, is soid, conveyod. ttansfemed (inciuding a transfer by agroerrknt forcieed or land contrset> or further.~ncumbettd by . ;
Matgagor withaut Mortgagee's prior written consent excluding the rant of any Icaschold interest in the Mongaged
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Ky iwt containing ~?n option to purchase. which lease is made in t ordinary cota~se of Mortgagor's business. tfien
in t event Mongaga may doclue all sums aecu~ed by thia Mortgage imm~iately due ~d payable.
24. Mortgagor rrprcsents and waRants that if a corporation, jt is duly organiud and validly cxisting. in good
standing undet the Iews of the state at its incwporation~ has stcek outstanding which has bcen duly and validiy issued.
and is qualified to do business and is in good standing in the State oP Florida, with full pawe~ and authority to consum-
mate the loan comtemplated hereby; and. if a partnership. it is duty fornxd and vatidly txisting. and is fulfy quatified to ,
do business in the Statc of F7orida; with full powe~ and authority to consummate thc loan contemplatod hertby.
2S. In the event any one or more of the provisians contained in this Mongage or in the Nde shall for any rea-
son be heid to be invalid. illegal or unenforceable in any rcspect. sucfi invalidity. illegality or unenforceability shall, at
thc option otthe Mortgagee. not att~t any cther provisions of this Mortgage. bui this Mortgage shall bt consUued as if
sach invalid. i!lega! or uner~forceabk provision had never been containod hercin or thercin. The total interest payable
pursuant to the Note or this Mortgage shall not in any one year excaed the highest lawful rate of interest p¢rtnitted in tt?o .
• State of Flotida.
26. The covenants ar~d 'agreements her+ein contained shaq bind and the benefits and advantages shall inure to
the respecti~e heirs. executors. administrato~s. successors. and assigns of ttie parties hereto. Whe~+ever used. the singu-
lar number shaU include the plu~al, tlie plural the singular. and thc we of any gender shaq be applicabk W all genders. AII
oovenantc. agreements and undertakings shall be joint and several. In the event a~itions! namberod oovenants or paragraphs
are for oonveniena inserted in this Mort~e, 3t~ct~ additiona! oovenants shall be read and given effect as ihough folbwing this
oovenant in consxutive order. "
!N W ITNFSS WHERFAF. Mortgagor has doly executed this Mortgage as of t~x date Crst above written. •
Recaived s_L.__: - In Pay~n~ ~ A!
Dus On Class "C' Intang:bie Personal Property,
PurwaM To Chapte~ 71, i34, Ads Of 1971.
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(CORPORATE SEAL) ~'~8~5
~ ~ '8? MAY 22 P 2 ~25
STATE OF FlAR[DA - ~
j ss: FILED t ; . 'li.: ;i ~t_~:
) DOUGL ` ~ " ' `
C6UNTY OF MART IN St. L 4A .
~ The forcgang instrument was acknowledged before me this 15 th day of I"~v . 19 _$L , by
ROSS :FARI; ME~DOWS, JR. and BEVERLY MEADO .
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S'1'A ' ~1 • ~ NEy Caamiss:on Expu~s t.larch 7, 1990
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71u foregoing inswment was acknowledged before me ~his day of .
19 . by as the
of ,a corporation,
on behaif of the corporation.
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(N07'ARIAL SEAL) My commiuion expircs: ~ ,
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