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t,, I'ro~•idc~ri this rzri>rti;~e};e and tl;e debentures srcuxr°<':
tiere~by arc in };ood st:~nciin~; and not in cirfa.ult irr any respect,
~.ic~rtgiagec:, for hirzreclf, lrir3 trc•irn, personal :•e}>resentativea at:d
asrsigrte, co~•er;aris ~.nd a~rer-a ~>/itl: Mortgagor, its successors and
Eaa~igna, that 144ort};agc•c: vc•ill release front the. lied of thib mortgage
tl:=- pro}>erty hereinafter cic•si ribecl upoz, the foll~~~;7ng terms and cc,r;
ditions:
{) }tele~int'z of real propc•tt~• v.•ili be 4iti~et, ,rporr }>aym<nt
-~ to 1~4ortfi.?i;e+~ of the folic;~~,•irt}; surr:s try caa:s, v; e t•rtifieil check;
(1) Arty or ;ell Iarrd ire 13ro•u.s.rd (:ounty ~L•ill be rclc~aseci
iilrc>z; payn.f~nt of a relc~awf• };rice of ~i, 50G, 00 per serf,
pro~-idc_d thc• ati'er~cFE pc•x acre ~•alirp of alt land released
s}call L: c' subetantiall}• ry:;al to or less than the as'eragc
per acre ~'aluc• c,f all land in saiei County oz:l;inally
encun-,h~~re•d bti• this ri;urt~ake.
(,',) ~ 1•.: }zropc~rt~• ~~r~scribed in ~'ar~igraph I(a) t;er-cof
r;l;ail hc: r+•ie<? ac•cl r-rpon pati•rne:.t :~f a relca sr price- of
~t?SCi, C.)ii E.. (1U.
(?,l 1„.• property cif~s~r-i0c•d rn 1'ara~;raph I(h) hereof
r; t:~;ll be re:lr.•a~~ed .rpo:, pa}'mer,t of a release price of
('~) T1.~ >~rc~}?c:rty dc-bcribc~d in Paragraph I(c) hereof
3r,a11 i~~ rcl~ehed :~}.>~>n 1,_~yrr:ent of a, rei~a~e pzicc of
~7-, , X00. v0,
(~) -llze property ccsc ribeci in I-'aragrapl~. I(d) irereo
sr:ail he rel€•a;;ed upUr'• l.a~•nr;~r;t of a release puce- of
~3;, 500, 00.
(6) the pro~,crty dc~seribe•d in Paragraph I(e) hcrFC,
Khali br relc~aife~c upon payrnent of a_-el+_aae price cif:
{i) ~'iti, Oi)0, 00 for prof>erty lying wi'thir; tl:r
City of 1je'ir.te°r Iia~•en, F'lorid~.
(ii i ~-IS~, Cit]l?, 00 for pr~;ix.,rty lying wiii:it:. ti-;~
Gity of i_.a'r.+_land, r'lorid3,
(?j 'i'ii.- prtp•crty described ir. Paragrai:l; I(f) her,•:of
shalt t?e rr~le~cec~d upots payn,c-nt of a rel.r~aa€ ~}rice of
365, 000. 00.
(~) ~-he prod>:.rty de :;c.ril;E~c: in Y:~ragraph I(g) lit;re;:?
shall Le r+~icas:=d ~rpori payr.,Errt of a :eiearre pric-E- of
$ Z, 50G. 00.
(`?) Irt ihr r~vent Y'elda Cooprr~ztive L1r~iri<-s exerci.r.e
tl:~~ c,ption cor;tained irr the lease froze; Mortgagor whi..i:
is abo~.e. deacrif;ed and aaici lease: i~ thFC~ currer;t a*. c;
root zn defa.ult, the prc~pc=,z•tics encusY;l;~r~d L-y tixi~
Mr;rtg2.~e which are rzow cov~:rcd by ~a.id iC~bf' ~tc~.ll L:r
rtleat;r'_d from this Ariortgage upon, payr?rent c.f t`tie o}:tip-r;
t>rirc: ~p~cificd in €;atd leaaL.
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