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55 State I~cumenta~y Stamps affixed to original n~te and canceiled, ~
plus interest on past due rentals as therein p~ovided (herein called "said Sublease"); and Ib? in the event,
but only in the event, that Mortgagee purchases the P~omissory Note (herein called "said Note"? referred to
in the Assignment of Rents portion of said Lease (the face amount of said Note aggregat+ng
S-~`' ~~~~1'~ , including principal and inte~est) if Mortgagor~shaN pay to Mortga , ai the j
time and in the manner provided in said Note, all sums owing on said Note; and (c) if Mortga rs~all fully
keep and perfo~m all of the covenants, agreements and obligations on the part of Mortgagors~ be kept and
perfo~med under said Sublease, then this Mortgage to be null and void, and to be released at Mortgagors'
expense, otherwise, to remain in full force and effect.
In the event Mortgagee purchases said Note, then and thereupon, but effective as of the date hereof,
this Mortgage shall secure the payment of all wms owing or to be owing on said Note, in add+tion to
secu~ing the payment of all sums to be paid under said Sublease, it being agreed that this Mo~tgage shall
not constitute ~i:urity for the payment of said Note so long as said Note is held by the bank named therein
as payee, but shall secure the payment of said Note only in the event said Note is purchased by Mortgagee.
In case of default in any of the foregoing covenants and agreements, or in case of default in the
payment by Mortgagors to Mortgagee of any sum the payment of which is secured hereby, Mvrtgagors
hereby authorize and empower Mortgagee, its wccessors and assigns, to fore~lose this mortgage by judicial
proceedings, or to s~!! said premises at public suction, and convey ihe same to the purchaser in fee simple,
in accordance with the statutes of the State in which the aforesaid premises are situated, and out of the
moneys arising f~om such sale, to reiain al! sums secured hereby, with interest and all legal costs and charges
~ of wch foreclosure and the maximum atto~neys' fee~s permitted by faw, which costs, charges and fees
= Mortgago~s agree to pay, remitting the ~rplus, if any, to Mortgagors.
~ No security now held, or in the future to be held, for the payment of any of the indebtedness hereby
~ secured shall be in any way affected, lessened or diminished by the execution of this instrument. AN rights,
2 tities, lie~s or equities held under and by virtue of this mortgage or by other instruments in !aw or in equity
~ shall be considered as cumulative and noi exclusive. Mortgagee shall have the right to proceed unde~ any of
the rights held by it without affecting any other right, and election to proceed upon one right or remedy
; shall not affect any other right or remedy, but Mortgagee shall have the right to exhaust all rights and ~
_ remedies; iointly or separateiy, until all indebtedness o,n~ing hereunder has been fully paid. '
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` IN TESTIMONY WHEREOF, the said Mortgagors have hereunto set their hands and seals as of the day
and yea~ first above writ n.
~ WITNES~E'S: ~-~i•~~:. CII, ~J , ~.:C '
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= t.L:G ~y: RECGRDE~ . `
NOTAR1f PUBUC STATE OF FIORIDA AT ST. LUi,~i: ~~~MTr FU '~.i .~cr ~o~. :t~ s:,~~,te oF•,~'2~fd~
;i CO'/I.'.;~;SIOIY EXMRES .UN. Tp. 1975 ROC: F?017R~S L r-~-~_ _ `
GENERAL INSURANCE UNDE!lWRITERS, INC. CIERK Ct iGU1T COURT ,
RECORD VER~EIEO~..~~. "
5 Oct 1 4 24 PH't ! .
~ 2168i~3 Q R
= soa~ 1~6 ~A~F 582
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