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Home My WebLink About0946 ~ ~ S,3 23. "!'he laan represented by Ihis Mcrtgag~ and the Note is personal to thc Martgagor and the Mortgagee made the loun to the Mortgagor based upon the credit of the Mortgagor and Ihe Mortgagee's judgement of the ubiliry of' the Martgagor to repay all sums due under this Mortgag€, and Iherefore lhis Martgage may not be assumed by any subsc- quent holder of an interest in the Mortgaged Property. [f all or any pari of the Mortgaged Prop~rty, or any interest there- in, is sotd, conveyed, transferred (including a transfer by a~;reement for deed or land contra: t) or furtberencumbere.d by Mortgagor without Mortgagee's prior written consent excluding the grant of any leasehold interest in the Mortgaged Propeny not containing an option to purchase, which lease is made in the ordinary course af Mortgi~gor's business, then ; in that evem Mortgagee may declare all sums secured by this Mortgage immediately due and payabte. : ~ 24. Martgagor represents and ~varrants that if a corporatian, it is dtily organized and validly existing, in g~xx7 t ~ standing under the laws of the state of its incc,rporatian, has stock outstanding which has been duly and validly issued, and is yualified ta do business and is in good standing in the State of Florida, with fuil power and authority to ccrosum- . mate the loan comtemplated hereby; and, if a partnership, it is duly formed and validly existing, and is fully quali~ed to do business in the State of Plorida; with full pawer and aulhority to consummate the loan comtemptated hereby. 25. In !he event any one or more of the provisions contained in this Mortgage or in the Note shall for any rea- ' son be held to be invalid, illegal or unentorceable in any respc,ct, such invalidity, illegality or unenforceability shall, at the option of !he Mortgagee, not affect any other provisions of this Mortgage, but this Mortgage shall be construed as if such invalid, iilegal or unenforceable provision had never been contained herein or therein. The totai interest payable pursuant to the Note or this Mortgage shall not in any one yearexceed the highest lawful rate of interest permitted in the State of Florida. 26. The 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 parties hereto. VNherever used, the singu- • lar number shall include the plural, the plural the singular, and the use of any gender shall bc applicable to all genders. All ' covenants, agreements and underlakings shall be joint and several. In the event additional numbered covenants or paragraphs • ~ are for co~venience inserted in this Mortgage, such additional covenants shall be read and given effect as though following this ~ covenant in consecutive order. - IN WITNFSS WHEREOF, Mortgagor has duly executed this Mortgage as of the date Grst af,ove written. I. BUILDERS, NC. , ' ~ _ ~ j - ~ . ~ ATTEST: . F;y Edward J Kepp - Sccretary , . . _ ~83 ~CT 2 I ~ - ~ " ~~a~ 2 ' President As itti (COR~'ORATE SEA1.) ~ ~i :~i.~ . , ' ~ " : . : ; ` «t'i; 'r _ • . _ . ~ ~:1 c~. , ^,,~~;~r - '~r °,y.: . . ~ _ . . . 1~~7~ ' ,•r..... . ~ STA1'E OF FLORIDA 't - ~ i j , g COUNTY OF ST . LUC IE ) SS: ' ~ ; ~ ~ ~ s The foregoing instrument was acknowledged before me this ~._~_t.YL- ciay of - Oc to be , ~g + Y ~ 5 Edward J Kepp, President of I& E Suilders, In~. ~ . _ ~ ; j;,3.o•'+ ~f: ~ ~.',~-l ~ $ _'y i; : . - f_"~: i ~ i' / ' - / ~ ~itti~ _s~a~~~'~ ' ~ ' --~~1/~/ ~ , : : : -t7 ; • ' - ofary Public ~ ~ ~ . , : 'a ~ =~.,~s ~ : t~'' jj: , NOTARY PUBLIC STATE Of 'FL~RIDA AT ~AkGf F ~~'.,3'~,~,,.~ ~r'. MycommissionexpkeS'~YCOMh11SStON EXPtRES ADRtL 2d t985 ff~ ' ~ONCED TH;tU GEt•r:kAl !`t$, UNDiRYJRITERS ~ STATE OF.~RIDA ~ ~ ) SS: COUNTY OF ~ ~ The foregoing instrument was acknowleciged before me this day of ~ 19 , by as the ~ ~i t - ~ of ,a corparatio~, ~ on behalf of ihe corporation. j ~ J(f r w ~,~2' . ~ ~ Receivod S G in Payment Of Taxos ~ Que On Class '"C" irtangibls Psrsona! Vrop~rty, ~ ~ ~'ursuant To Chapter 71, 134, ActB Of i ~71. ~ ROGER PORRAS Nota Public Cte~k Circuit Court, St. ~.ucte, Co., Fla. rY (NOTARIAL SEAL) My cornmission expires: ~ ~ . ~ , (lKc~ - ~ ~ B~1(1K J~~ PACE J4 ~ . ~ ~ , - : -