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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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Note according to the legal tenor and effect ther~of, and shall <br />fully keep and perform all of the covenants, conditions and sti- <br />pulations in the Loan Agreement and in the Note contained, then <br />this obligation shall be null and void, other~ise to remain in <br />full force and effect. <br />COVENANTS AND AGREEME!~T5: <br />The Mortgagor further covenants and agrees with the <br />Mortgagee as follows: <br />1. The Mortgagor shall pay the sums of money evidenced <br />by the Note, the Bonds and the Loan Agreement according to the <br />legal tenor and effect thereof, or any renewals of the indebted- <br />ness evidenced thereby as may be made by the Mortgagee to the <br />Mortgagor. <br />2. In the event of a default under the Note, the Loan <br />Agreement and/or the Indenture, the Mortgagee or its assigns <br />shall be entitled to exercise all rights and remedies set forth <br />in the Loan Agreement and the Indenture, including but not <br />limited to the foreclosure of this mortgage and the appointment <br />of a receiver for the mortgaged property. <br />3. The Mortgagor fully warrants the title to the <br />mortgaged property and will defend the same against ~le lawEul <br />claims of all persons whomsoever. <br />EXECUTION: <br />The Mort·:iagor has signeu and seale<.l this mortgage on the <br />date indicated abov~. <br />( 3 811.L) <br />Attest: <br />Secretary <br />FLORIDA HEALT!l FACILITil~S CORP. ( OF <br />l~DIAN RIVER COUNTY) <br />oy <br />President <br />-57-
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