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23. ~ The loan represented by this Mortgagc and the Note is personal to the Mongagor and the Mongagee made
the loan to thc Mortgagor based upon thc coedit of the Mortgagor and thc Mongagte's judgement of the ability of the
MoRgagor to oepaX all sums dut under this Mo~tgage, arrd thcrcfore this Mortgage may not ba assumed by any subse-
quent holder of an mterest in thc Mangaged Propeny. if all or any part of 1he Mortgaged Propeny, o~ any interest thcre-
in. is sold. convoyed~ transferted (including a transfe~ by agrcement for deed or land contrnct) or furthe~encumbered by
Mortgagor without Mortgagee's prior written conscnt exctuding thc grant af any leasehotd interest in thc Mortgaged
Propcrty not containing an option to purchase, which lease is madc in the ordinary course of Mortgagor's business, then
in that event Mongagce may declare all sums secured by this Mongage immediately due and payable. ~
• 24. Mortgagor represents and warrants that if a corporation. it is duly organized and validly existiog. in good
standing under the laws of the state of its incwporation, has stock outstanding which has been duly arid validly issued,
and is qualified to do business and is in good standing in the State of Florida. with full power and authority to consum-
mate ihe loan comtemplated hereby; and. if a partnership~ it is duly forn~ed and validly cxisting, and is fully qualificd to
do business in the State of Florida; with full power and authority to consummate the laan comtemplated hereby.
25. In the evgnt any one or more of the provisions contained en this Mortgage or in the Note shall for any rwa-
son be held ta be invalid, illegal or unenforceable in any respect, such invalidity. illegality or unenforceability shall, at ~
the option of the Mortgagee. not affect any other provisions of this Mortgage, but this Mortgage shall be construed as if ~
such invalid, illegal or unenforceable provision had never been contained herein o~ therein. The total interest payable
pursuant to the Note or this Mongage shall not in any one yearexceed the highest lawfel rate of interest permit~ed in the
Siate of Flarida. .
26. The covenants and 'agreements herein contained shall bind and the benefits and advantages shall in~re to
the respective heirs, executors, adminisuators. successors, and assigns of the parties hereto. Wherever used. the singu-
lar number shatl include the plural, the plura! the singular. and the use of any gtnder shall be applicable to all genders. All
covenants, agraments and undertakings shall be jant and several. In the tvent additional numbered covenants or paragaphs
are for oonvenienoe inserted in this Mortgage, such additional oovenants shall be rtad and given effxt as though following this
oovenantin consecutive order.
lN WITNESS WHEREOF, Mortgagor has duly executed this Mortgage as of the date first above written.
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~ E. Lee
~ ~See*etery ~ e e yan
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~~'STATE ~~~OR1DA )
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. . COUNTYOF~ St.Lucie ~ ~
, The foregoing instrument was acknowledged before me this day of . I9 ` L. by
Larry Lee, Jr., Alice E. Lee, his wife and Jerome Rhyant
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(NbTARIAL S~l.)
L; Notary Public
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- . . ~ • ~ Mycommissionexpires: ~'~RY ?UBIJC S1A1E Of fl~kivA
. ~ M~' CGIIi~ISSiQM Ete' ,~hf l5.133$
• ~ BONCED iNRG 6EAfRAI IkS. UN9•
STA'I'~ OF ~t.ORIDA ) . ~
= ) SS:
COUNTY OF , St . Lucie >
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The foregoing instrument was acknowledged before me this day of .
19 , bY as the
of ,a corporation,
on behalf of the corporation.
Notary Public ~
(NOTARtAL SEAL) My commission expires:
~ aooK55~ Pac~€ ~
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