HomeMy WebLinkAbout0994 23. Tht loan reprcsented by this Morigage and the Note is personal to the Mortgagor and Ihe Mortgagee macie
the loan to the Mortgago~ based upan the cr~dit of the Mortgagor and the Mortgaga's judgemenl ot Ihe ability of the
Mongagor to rcpa~ AU sums due und~r this Morigage, and thereforc this Mortgage may na be assumed by any subse-
quent holder of an ~nteoest in the Mortgaged Prope~ty, lf all or any part of the Mortgaged Property, or any intcrest the~c-
~n. is sold. conveytd~ ttansferted (including a transfer by agreement for dced or land cantract) or funherencumbered by
Mortgagor without Mortgagee's prior written consent excluding the grant of any Itauhold interost in the Mortgaged
Propeny not containing an option to purchase, which lease is made in Ihe ordinary course of Mortgagoi s business, then
in that event Mortgagee may declare all sums s~cured by this Mortgage immediately duc and payable.
24. Mortgagor represents and waRants that if a corporation, it is duly organized and validly existiog, in gaxi
standing under the laws of the state of its incorporation, has stock owstanding which has been duly and 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 the loan comtemplated hereby; and, if a partnership. it is duly formed and validly exis~ing. and is fully qualified to
do business in the State of Florida; with full power and authority to consummate the toan contemplated hereby.
25. In the event any one ar more of the provisions contained in this Mottgage or in the Note shall for any rca-
son be held to be invalid, illega) 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 shail be construed as if
such invalid, iltegal or unenforceable provision had never beert contained hercin or therein_ Thc 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. The covenants and 'agreements herein contained shalt bind and the beneftts and advantages shall inure to
the respective heirs. executors. administrators, succ~ssors. and assigns of the parties hereto. Wherever used, the singu-
lar number shall includs the plural, the plural the singular, and the use of any gender shall be applicable to all gen~rs. All ~
covcnants, agraments and undertakings shall be jant and several. ln the evcnt additional numbered oovenants or paragraphs
are for convenience inserted in this Mortgage, such additional covenants shall be read and given effect as though following this
covenant in consecutive order.
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~ lN W ITNESS W HEREOF, Mortgagor has duly executed this Mortgage as of the date first above written.
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~ THIS A~ALLOON MORTGAGE e1ND THE FINAL PRINCIPAL PAYI~NT OR THE PRINCIPAL BALANCE
{ DUE UPON MATURITY IS $83,000.00, TOGETHER WITH ACCRUED INTERSST, IF ANY, AND ALL
: ADVANCEMLNTS MADE BY THE MORTGAGEE UNDER THE TERMS OF Ti~tIS MORTGAGE.
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~ (CORPORA7~ S~L) Received S 1~L..~~- In P~yment Of Taxes
~ ' `~2 Due On Class '~C' Inlang~ble Personal Property,
~ PursuaM To C~apter 71, 134, Acts Of 1971.
' ~ • QOUGtAS DlXON
~ STAT~-'~h~#;~R1DA ~ ~ -`n
Y ~ SS: Uerk Cirtuit Court, St. lucie, Co:, Fla, 0"'-
CO[JNTY OF St. Lucie ~
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~The foregoing ipstrument was acknowledged before me this day of , 19 _L_ , by ~
J, ~
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(IV4't`7~~ALSEAL),;`'.
Notary Pubhc
~ ~ Mycommissionexpires: ~OIARr Pl1BLtC SiATE Of fl0A1DA
!(Y COMMIS~ION ExP 1UUf 15,15a8
80~OED iHRU GEMfRAL 111S. UNO.
STATE OF FLORIDA ~
) SS:
COUNTY OF ~
The toregoing instrument was atknowledged before me this day of ,
~ 9 ~ bY as the
of ,a corporation.
on bchalf of the corporation.
• Notary Pubtic
lNOTARIAL SEAL) My commission ezpires:
. ~ ~ BOOK 5~V PAGE ~i'~ti
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