HomeMy WebLinkAbout1555 Mortgage Lo Mortgagor or Mortgagee shall be dccmed given or
furnished When addressed to the party intended to receive the
same~ et the addreas of sueh party on the first page hereof,
and delivered at sueh ad~resa or depoaited in the United Statea
maii aa firet ela~~ certified maii, return receipt requested~
postage paid~ ahether or not the aame ia actually received by
sueh party.
(b) Either party may ahange the eddress to Which any
sueh notiae~ report, demand or other inatrument ia to be
delivered or mailed~ by furnishing written notiee of sueh
change to the other party, but no suoh notice of change shall
be effective unless and until received Dy such other party.
3.03 Headin s. The headiaga of the artic~e~, aections,
paragraphe and subdivisions of this Mortgage are for
convenienee of reference only, are not to be consldered a part
hereof~ and shall not limit or expand or otherWise affect any
of the Cerms hereof.
3.0~ Invalid Provisions to Affeet No Other9. In the event
any of the covenants~ agreementa, term~ or provisions ~ontained
in the Note, this Mortgage or any other instrument securing Lhe
Note shall be invalid, illegal or unenforceable in any respecti~
the validity of the remaining eovenants, agree~e~ts~ terms or
proviaione eantained hers~n and in the Note and any other
instrument securin$ the Note ahall be in no way affected,
pre~u4lced or disturbed thereby.
3.05 Changes, ete. Neither thie Mortgage ~:or any term
hereof may be changed, waived~ dischar~ed or terminated orally,
or by any action or inaction~ but only by an instrume~t in
Writing signed by the party against whieh enforcementi of the
change~ Waiver~ dlscharge or termination is sought. Any
; agreement hereafter made by Mortgagor and Mortgagee relating to
this Mortgage shall be euparior to tbe rights of the holder of
; any intervening lien or encumbra~~e.
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3.06 Coverning LaW. The performance required by this
E instrument shall, inaofar as is possible, be rendered to
Mortgagee at its office in Tueker, Georgia or at the main
~ office oP The Citizens and Southern National Bank in Atlanta~
~ Ceorgia. Mortgagor and Mortgagee ~ntend that the val~dity and
; construetion of the obligation~ secured by this instrument be
~ governed by the laWS of the State of Georgia, provided that the
k enforcement of this Mortgage shall be governed by the laas of
~ the State of Flori4a. Should any obligation or remedy under
~ this instrument De invalid or unenforCeable under the laas
provided herein to gover~, then the laws of another state Whose
laWs ean validate and apply to this instrument shall apply.
~ ~t
~E 3.07 Default Rate. Th~ Def~ult Rate shall be the rate of
t; ~
intereet provided in the Note, on the amourlt of the Secured
Indebtedness, as of the date of an Event of Default.
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3.08 Remediee. Mortgagee ahall have the right from Lime
;~v~ to time aue for any suma~ whethor intereat~ principal or at?y
~ F in$tallment of either or both~ tax~s, penalties~ or any othec
~ aume required to be paid under the ~ara?s oP thie Mortga~s, aa
~ the ~ame become due, w~thout regard to whether or not all of
P' the 8eoured xndebtedneas shall be due on decnand, and without
pre~udice to tha right of Mortgegea thereafter to enfocce sny
appropriate remedy against the Mortgagor~ including an actlon
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BOOK 67~ PACE1555
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