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23. 'Ch~ loan representeJ by this ~lortgage and the N~tc is personal to the titortgagor and the l~lortgagee maJe ;
, the I~~an to the Mortgagor ba~ec3 upon thc c~edit of the Rlartgagor and the Martgagec's judgement of Ihe ability of the
Mortgagor to repay all sums due undes this Mongage, And the~e~'o~e this Mortgagc may not bc assumed by any subs~- ;
quent halde~ of an interest in the Mortgaged Property. lf all ar uny pari of the I~ioctgaged Property, or any interest thcre- ~
in, is sold, cnnveyed~ trAnsfe~ed (including a transfer by ag~eement for Jced or land contract) or further encumbered by
Mortgagor without Mortgagee's prior written consent excluding the g~ant of any leasehold interest in the Mortgaged
~ Property not containing an aptian ta purchase, which leasc is madein the ordinary course ot Moctgagor's business, then
in lhat event Mortgag:e may declare all sums secured by this Mcrtgage immediately due and payabte.
24. Morigagor represents and waRanls that if a corporaticm, it is duly organized and validly existing, in g~xxl
standing under the laws oC the state of its incorForation. has stock outstanding which has been duly and validly issued,
and is qualified to do business and is in good standing in the State af Flarida, with full power and authority ta cansum- ~ t
t mate the loan camtemplatcd t~ereby; and, if a partnership, it is duly formed and validly existing. and is fully qualified to • i
do business in the State of Florida; w•ith full power and a~~thority ro consummate the loan comtemplated hereby. {
25. In the event a~y one or more of the provisions contained iu this Mortgage or in the Note shall Cor any rea- '
son be held to t~e invalid, illegal or unenforceable in any resp~~ct, sucl~ invalidity, illegality or unenforceability shall, at ;
~ the aption of the Mortgagee, not affect a~y other provisions of this Morigage, but this hlortgage shall be construed as if .
such invaliJ, illegal ur unenforceable provision had n~ver been cc~ntained herein or therein. The total interest payable ~ ~
pursuant to the Note or this Mortgage shall not in any one year exceeJ the highest lawful rate of interest permitted in the ~
State of Flarida. ~ - ~ ~
26. The covenants and 'agreements herein conta~ned shall bind and the benefits and advantages shall inure to
the respeclive heirs, zxecu[ors, administrators, successors, and assigns of th~ parties hereto. Wherever used, the singu- .
lar number shall include the plural, the plural the singular, and th~e~se of any gender shall be applicable to all gerzders. All
covenants, agreements and undertakings shall be joint and several. ln the event additional numbered covenants or paragraphs
are for convenienoe inserted in this Mortgage, such additional covenants shall be read and given effect as thouRh following this
covenant in consecutive order.
IN W[7'NESS WHEREOF, Mortgagor has duly executed this Mo of the date first above 'tten.
i ' '
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~ ATi'EST: - BY -
~ Secretary .
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N ar, ~~![-~7 ~ t7 F f`~ l.._ a R 1~~ t
~ - Asits ~;z " ~OCUMENTARY ..-::;~SZAMP iA X J .
% ' c-+ N DE?T. OF RCYFNUE
~ (CORPORATESEAL) ~c ~o = ~ 5 3. Z ~ ~
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~ STATE OF FLORIDA - ) - - ~
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COUNTY OF . ST. LIJCIE - _ t ~
j The foregoing instrument was ackRC~wledged before me this ~ day of _~r , 19 82 by
- WHITL~EY . ~.iAV.I~ ~ JR. ' ar1C3 Fdk~lla YOUNC' . ~
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~~to'~~t~7.~R~;: _ F,: ~~c ~yr ~rcc4^r. ~~Gu. Gc u% ~ - ~
. _ _ ~ ~ /f • . S` ' i~i.l~ y• i t Nota Public
r it~ GI~P!'f;~•t~„~ ~Y
~ .~~,.r Cll ~K ~-~F~:LiT r(~.r : -
~ : . • , . _ .
~~T~~ J R My commission expires:
~ .
J STATE OF FLORIDA SWs~~ ) -
; ~ti .
_ ~ ) S5:
; { ~ ~ COUNTY OF ) ~ -
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The foregoi~g instrument was acknowledged before me this day oi - ,
19 , by as the
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~ of ,a corporation, ~
on behalf of the corporation. - . ;
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" _ . ~ ~ - . ~ . . . . . _ -
Notary Publir
(NOTARIAL SEAL) Mycommissionexpires:
_ B!~OK P~lGi J~Q
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