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14, lf the iadebtedne~s seoured hereby is now ot her~eatter furtLer eeoured by oh~ttel mortgages, pled`es. ooatr~ota ot
guarsnty, aa$ignmeata of lessc~s, or other seourities, or it the pcemises hereb eneumbered oonsi~ate d more thaa one paroel, Y
s
Mort~eytee m~y ~t ita option enhaust sny one or more ot said seousit~es the seourity hereundee, or suoh paroels ot IJie
seountq hereunder. e?lhee oonourreatly or indepeadeatly, and in suoh order ae it ma~y determine. ~
15. Upoarequest ot Mort~a~or. Mortgagee may, st ita aolo option. trom tune b time betore [ull p,yment ot ~11 indebted-
nese aeoured hereb~r, make turther advwoes to Mortgagor; provided. howrever. th~L the t~oW prinapal seoured here~b~r snd remsin- j
i n
g u n p a
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t a
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y t ~m e e
s
a e e d the p
r i noi
p a
l aum eeourod hereby. Mottgagor shaU
exeoute and deliver t Mortg~gee a aote evideaoiag eaoh and evety tuoh urthec advaaoe ~vhioh Mort~~ee m~y m a
k
e, suoh
note to be psyable on or betore maturity ot the iadebtednea~ seoured hereby aad Lo aoutain wo6 tetme ~s Mortga8ee ah~11
e+equire. Mort~agor sh~ll p~y ~?il suoh turther sdv~aoes with iaterest. sad the s~me. snd eaoh note evidena~og the eame. ah~ll
be seoured hereby. AU provisioas ot this mwig~ge slWl~ agp~y to ewh f~uther advanoe ae weU ~s to a!! oLher indebtedness
seoured hereby. Nothing hereia oontained. however, shW limrt tLe amouat seoured by this mort~age it su~ah ~?mount is
inoreesed by advaaoes made by MortQages. as herein else~vhere provided for to proteot the seourity. The word Mortgagor'
aa used in this paragraph. inoludes any suooeeeor in ownenhip of lhe premises. ~
16. No delay by Mor~gagee m ezeroising wy ri~ht or remedy 6ereunder, or othenvise aQorded b~y4w, ahaU o te as •
w+aiver thereot orpreolude- the eaercise thereof durmg the oontinu~noe ot aqo de[wlt hereunder. No ~v~ivee bv ~
of a~y det~ult sh~II oonstitute s~vaiver ot or ooasent to su uent defsulta No iailure o! Mort~agee to execoise ~qY
o~
p~ ~
herein given to aooelerate msturity of the debt hereby , no torbesrsnoe b Mortgagee betore or atter the ~eroisa ot ^
' such optioa ~nd no withdraw~i or sbandunment ot torealosure pmoeedinga by ~ortgagee shsll be Lsken ~ oonstrued sa s
Wt?iver ot ifs right to exerci~e suoh o tion or to iwcelerste the maturity of the debt hereby aeoured by resson otaqy psst,
or othpet lienst or aLtirges by Mor~tgagee ahsUt
naotrbe tsicen or cor~ist~rueiitsses wa~v~ of righ0 to sooelerat the mst nty
of ;
the debt hereby Bennred. ~
17. ~Vithout afieotu'~g t6e lie?bility of Mortgagor or any other~e
raon (eaoept any person eapresslY releaaecl ie ~rritin8) tor i
payment ot sny indebtedness seoured hereby or for pertonnsnce oi sny obligation oont~?ined herein. and w-ithout t?Beotiug the
ngbts o[ 111ortgagee w ith respeot to any secunty not esprea-st relessed in vPnting, Diortgagee msy. st any time aad [rom time
to tinie. either beforn or after the matutity of ssid note. sn~wiithout notioe ot ooaaent:
(s) Itelease sn~ person liable for psymen! of sll or any psrt ot the iadebtedness or tor performsnoe of any oWigation.
(b) htake any agreement extending tLe time or otherwiae altering the terms of~Ymen~ of sil or any patt.ot the
indebtednesi, or moditying or waiving sny obligation. or subordinatiag, mod' suig or otherwise dealiag vv~th the
lien or ctu~rge hereot. -
(o) Exercise or re[nia trom exercising or wsive aq} righi I?iorfgagee ms~ hsve-
(d) Aoa+pt additional eecurity of any kind.
(e) Release or otherwise dcal ~-ith any property, resl or peisoml, securing the indebtedness. inoluding all or any part
of the property mort~nged hereby.
18. Any agreement het+e~f ter made by Mortgagor aad Mortgagee p~usuant to this mortgage alull be superior to tJ?e righta of
the holder ot aay intervening lien or enaumbranoe-
19. Mai~tgagor hereby wai~es all right ot homestead exemption in We property snbjeoC to this mortgage.
' 20. The oo~oeante snd agreements herein oontained sLall bind and the beaeflte snd advawt~a~es ahell in~re to the reepeo-
tivQ,heire, ezeoutors~ adminiatratora. auooessora andaa~r~ at We perties hereto. Wherever used. the~u~r nnmber aLall
. idolude'the plural. tbe ~lural the su~gular, snd We use d aqy gender shsil be appliosb~le to sll genders. A~ oovenaata. agrea-
mente aa~-nndertakl~s sLa~l be joint and several. In the event addit~onal numbered oovenanta are for oonvanienoe inserted
ia this mortg~p?oilowi~ the legal deeoript~on, suoh additional oovenante shsll be read and given e~eo~ as though follo~ving
t~hie ooveaan~ in,~o4t~ea~uLv~ ordar.
IN WITNESS WHERDOF, the mortgegor hes caused these
. ~t : presenta to be executed in its neme, and its corpo-
~ ~ppgppgp~ rate seal to be hereunto aff ixed, by its proper of-
f ice~rs thereunto duly authorized, the day and year
- "--SFJ1~.) = , .
• f irst above wrifiten.
. - N,~„~A`
ATTEST : tTINT~. FAR1~S ~~p~r~rc~+t
Secret ry
S igned , sealed end del ivered in the
pr ence of :
~ By
~ es en
i ~
STATE OF FLORIDA
COUNTY OF ST. LUCIE
. I HEREBY CERTIFY that on this day, before me, an officer duly authorided
in the State and County aforesaid to take acknowledgments, personally appear-
ed SAUL KLINOW AND SPENCER B. GILBERT
well known to me to be the President and Secretary respectively
of the corporation named as mortgagor in the foregoing instrwnent, s*~d that
they severally acknowledged executing the same, fn the presence of two sub-
scribing ~itnesses, freely and voluntarily under authority duly vested in
t em by se d cor oration and that t se~l ~ff~xe~ th~ereto ,~.s the t e corpo-
r te seal f sai.~ co~poration. S
~ ;~t~~i : l~y 6and ~aad off ic fal s 1~i t~+e Gou~ty ~'and St~te~last aforesa id
~ t~: 2p~ eg o~ February A.D. 19 8. ~ g q
~ • ' € o
. _ • ' '
; _ ~ ' W _ ~ FILE Q~ AND RECORDED~. ~ ' ~ ~
~ _ =3T. LI~CIE COtJNTY. FLA. Y- g P L
0 R: ~~ti^ ~,~~~n ~ ~ .
~ _ ~ ~ ~ ~ ~ ~ :My :commissioQ e.~pire
~ : ~i : , ! ~ H .~,64~Q 4 (~otery Publi~. Stat ot t a at Large
~ ~"'f '~'6~ FEB 2 I AM ~ ~Y Commission Ex~ires Au 23, 2970
~ S 3 ~ sonOed by ~ransar~erica 1~ance Co.
I~it,t „_..+1~~~~~ a' -
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