HomeMy WebLinkAbout1725 payable. If such monthly payments become due at
a time when the tax rate shall not have been fixed,
the monthly payment shall be estimated on the basis
. of the tax for the precedin~ year applied to the
~
most recent assessed valuation. If the tax when paid ~
varies from the tax as estifiated in accordance ~~ith ~
the precedin~ sentence, (1) any excess arising from
said monthly payments shall be retained by the
t`ort~a~ee to be applied in reduction of subsequent
monthl~~ pa~ments and (ii) any deficiency in the amount
1
of such monthly payments belor~ the tax as fixed shall E
_
~
be paid to the l~iortga~ee on demand. F
i
25. The ?;ortgagee is also the owner and ~
i
i
holder of the followin~:
1. Leasehold r~ort~ade r~~de by Kimco bf ~
Lauderdale , Znc forrr.erly himca of
Florida, Inc.) as ~'ort~a~or, to The -
Bocvery Savings Banl:, as P!ort~a~ee,
dated r".arch 20, 196g, recorded t~Iarch .
28, 1~E9, in 0. R. Book 378, Pa~-e
15~1, Lake County, Florida, coverin~
premises known as 14th Street, U. S.
Highk•ay ~27, Leesbur~;, Lake County,
Florida; and
2. ?iort~a~e made by Commercial Developers
of Bradenton,Inc., as 1•!ort~a~or to The
Kimco Corporation, as ':orteap~ee , dated
October 24, 19E7, recorded October 26,
1967, in O. R. IIook 339, Pa~e 528,
?"anatee County , Florida, covering
nremises located at Lakeside Shoppin~
Plaza, Cortez Road and 24th Street,
Bradenton, i~ianatee County, Florida.
It 3s understood and a~reed to by the parties hereto
that the occurence of a default under either one of
the said two mort~a~es or hereunder shall or may be
deer~ed to be a default under the terms of all three ~
~
mort~*a~;es as thou~h the same ti•rere specifically set ~
fcrth in Article 2~ hereof, ~ivin~; to the '~ortga~ee
any and all ri~hts and nrivile~es which it has under `
~
-~4- ~~204 PA~i724
~
=.rrt-~~- `
. _ - s~, ~
, _rs" s "4 ~ = x s_.~,+
rt a.x.'"'~a~,~ ~ ' s _ , : ~'~'~-3"' .~r' .