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19. In thc a•~cnl th~• pr~M.i~il, ul \utr ar~• tu Ik• uu•d tu lin.inc~ the cun.~ructiun ni impru~rmcnl. un ihc Pru~ti~rh, th~•
fullu~~ink pru~i~iun++l~all \II .~J~.~mc..~n~) in~l~•L~cilnc~. ari.~n~ anJ .u~r~nns; ~lunn~ ~hc cnur~• ul .uch ~un.trwUun,
incluiliny; an> .nh:uiccc umlcr .in> (~~o.irucUun I u.~n .\~;rc~ui~nl ~ ihr ..\~;r.cni~vil'~!. ~~h~~Ihcr ur nut ~h~• tulal :unuunt
tlu•n•u( iua~ c~«Y•il 11?c 1.~«• .~muunt uf th~• \ut~•. .liall Ix• sccun•il hi n•L~ tu Ih~~ ..~~nr .•~t~•n~ ihuukl~ ~hc :~~;n•cinc~it a~•rc
full~ incur~w~ratcil in thi. \luri~.~~;~•. Ih~• ~xcurrrncc ut .in c~~•m uf J~•Lu~lt un~l~r ~I~r \~;nti•in~•iil ur Ihi. \Iurtt;:~K~• ur thc ~ •
failurc uf \lurls;as~~r tu cumpl~ t~• tl~r ~un~trucliun ~~f the impru~~~mcn~~ in :ucunl.inc~• ~~i~l~ thi• .1t;rc~~~imnt ~I~all. cun.titutc a
ik•faull unik•r tl?is \luny;a~;~• ~•ntnlinK \lurtt;.~f:cc tu all ul thc ri~;h1. anil rcmc~lii•~ cunlcrn•~I upun \I~~rtkat;~ti• b~ thi• t~•nn> u(
this \lurlK.~~;r, the .~Krr~•in~•~u ~~n c~ la~~, a. in t6c cax• of am uth~•r ~I~•I.wl~. In th~• ~•~~nt Il~i. \lorts;a~,w• and the \ote an. .
to !w purch.~x~d b~ a 1'crmanrnt (cn~k•r, tl?i• .\Kn•rment ~I~all. .iltcr .uch purchax•, nu (uny,r'~ ~unstitu~c a parl ui nr tx•
x•curcil b~ Ihis \luri~;,~~;~•, an~l. ~hi•rraft~~r. m~ ~k•fcnx•s, utkrts or cu~mt~•rclaims a~ailabl~• tu ~lurt~;ak~~r ari.in~; uut ot' thc
.~~;nrmcnt ~hal) Ix• ~aliJ ur ctf~~ctn.• a, .~K•~imt thc P~•rman~•nt 1 cnJi•r ur i~s .uccc..~~r. ur a..ikn+, all of sai~l defcnx•s.
nHsets and cuunt~•rclaiins Ix~inL ~~ai~~•J. l~~n the cumpletiun ui Ihr impru~cuirntc in accunlanre ~~ith Ihe :~y,rcrment and
purchax b~ thc Pcnnancnt 1 a•n~lcr uf thc \otr anil this ~lorts;.~~;c. .ill ri~;ht.. intrn~~l..lw•n~•lit. and r~~mcdiec of \lurt~;a~ti'
hcrcin +hall i~um t~~ the IK•n~•tit uf ~h~• P~•rmanrnt 1 ~•ndrr itnm~•diati•h u~Hin and cuncurrcntl~ ~~ith thc dcli~cry uf an
sssig~ment ol~ this \IortK~K~' :+~~d endorx•nunt of the \otr ~~ithuut tlx• e~rcutiun of anc furlhcr in.lrument or dixument.
20. If Furcclu.i~~• pr~K~•cdi~zy;~ ~~1 an~ w•cund murt~;a~,r ur an~ juniur lii•n uf :~n~ kin~l ~huuld Iw• in.tituteJ. th~•
\IoriKa};~r. at il~ upliun. ma> decl:~rc thi~ \lurtK.~k,w• and tlle inilcbt~•ilnr.~ x•cureJ herebc imm~•~li.~h•I~ ~lua• and pa~able.
21. \rithrr the ac~rplan~r uf thi~ \Iurt~aKc n~x tlx cnfurccnxnt th~•rcuf .hall prrju~licc ur in sn~ manncr af[cct
thc riKht of thr \lurt,a~;~r t~~ ~cali~r u~W~n ur ~•nfurcc an~ othcr x•curit~ nu+~ un c~n•aftcr h~•1~1 b~ IIIC ~IUfIk;:IF;IY'. it Ix•in~;
undcrstooJ that thr \lorty;a~;a•.• .hall Ix• cntitlcd tu cn[ura~e thi. \lurt~;a~c an~ an. uth.~r x•~unl~ nu~c on c~rcaftcr hrld b~
it in such ord~•r and manner a~ it ma~ in its discrctiun Jetennine. ~1 hc \lortt;aKe shall r~tend to anJ Ix• bi~dinK upon
\lortgagor, his or it~ hcirs, administrators, succc~surs anJ ac.i~;n. and all ~x•rwn. claimink und.•r ur throuxh \lortKa~;or.
Thc ~cord "~IortKaKcc.. ~~hen ux•d hcr~•in shall incluck tlx succrswrs and as+i~;ns ~~f \lur1?;.~g~Y• nam~~d hcrcin, and thc
hoWrr ur holdcrs, frum time tu timc, uf thc \utc. l~his \lor t~a~;~• ic int~•ndcil and d~K•s xrurc thr pa~ mcnt of an} and all
e~tensions ur rene~~ah of the \ote. \~~ithout afTectin~; the liabili~~ uf an~ uiher Fx•r.un liable fur Ihe pa~ment of the \ok•
ur ttx• lii•n uf ihi~ \lortk.~s;r, thc ~lort~aker mac rctease anc {4•r+on t+e lea:hlr, c~tcne! thr timc s~f pa}mcn! uf tl:c \olc,
ur grant ut6cr indul~;cnccs, ur m~Klifc anc of tM~ tcrms or pro~isions hcrcuf or uf th~• \oti•, n•Icax• anc parrct ur ~wrtion
of the Pro{xrt~, or concrnt tu the Kr:?ntinx of any easement, ur cnter intu am aKrrrmen~ xulwrdinalinK the IK•n hereuf.
or take or nle~se am• other serurit~~ for the pa~ment of the \ute ur t~ur the pe•rfurmancr uf am c~( the co~cnants nnd agnr-
mcnts F?cn~~mdcr, :~nd: or mal.e com~Kxitions or othcr a«anRcmrnts ~~itli dcbt~~rc in rrlatiun th~•n•tu. :\11 co~rnants, aKnr-
ments and un~IertakinQS herein shall Ix joint and seceral. The \iurt~;at;~• and ~he \ote con.titute I lorida contrarts and shall
tx construrd acconlinR to th.~ lau. uf that titate. ~~'here~er ux•d, the sineular numtx•r .hall incluik the plural, the plural
thc sinkular, and ~hc usc of am Kcnd~•r shall Fx applicablc to all y,w•ndcrs.
22. L'pon enactmcnt ui anc la~~- im~x~sin~; pa~mem upun the \lorty;a~;~•e uf the uhute ur am ~r~rtion of am~ taxes.
asussmcnts or othcr char};cs :uK•sccd a~;ain+t thi~ ~lurt~ay,~ or thr \utc, or u~wn thc rcndcrin}: 1~~ am court of compchnt
jurisdiction of a dccicinn that an un:k•rtal~inK br thc 11ort~;a~or, hrrri:t ~•rocidcil, to pa~ am ~uch ta~cs, suscssmcnts
ur other char~;e. i. le~,all. inuEx~r:~ti~e, then an~~ in an> such r~~•nt th.~ d~•Lt hrreby x•rureJ. uithuut ~kductiun, shatl, if
~•rmittcd hy applic:iblc la~c, Ix~comc immcdiatck Juc and p:?~ablr at th.• uptiun uf th~• \lurly;akcc, n~u~cuh~tanJinK am-
thing to thc cuntrarv cuntaincd in this ~lurtKaKe•
~\'ITNESS \\'IiF.ltl'OF, \lortgagor has cucutcd this \lottkagc thc da>' and ~car 6rst aF~~c writtet~.`~~`C~: r•.
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AKU aECORUCir ~ , _`~~J =r ~ r " -
fIlEO - ~ ~ = =
sT ~uC1E COUMTY F~~• FAIR ENTERPRISES , II~j,~= = ` ~ ~ ~ '
- ~ . ~ocER pa~jfu5 . . v ~l ~ ~ ~
CLEiiK CIRCUI? C0~' ~ ` ' v7 .
~ =
RECORL~ VER1FtE0 , ? ~i: f. ~,p ~ ' ~
1I BY C~ ~~~~s~.~~~=
. 19 12 o4PN' . ( ~'"~S~ erit - - - _ ~,t1 , ~
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- - . _ _ _ ~ ~~s~?~y
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sr~~TE or• ~ot~inA 1
Sti
COU~iTY Of - )
Bcfom mc ~x•rsonally ap(kartd . ~
tu inr ~~ell kni~~vn aml kna~cn to me to Ix~ the indicidual _ de,crilx•~I in an~f nhu ~•~erutrd thi• fore~;oin~: instrument.
and acknm~lcdkcd Ix•iure mr that . _ cxccuted the samc fur thc ~,ur~a~x~ thcrein expre~x•d.
~t'lT\ESS mv hand an~ oflicial scal this . da~ of , •
. f
~utarc Publir St:tl~• uf Flurid:t at 1 arRc
~1~• Cornnii~sion cxp~res:
SraTL oE~ Fco~inn
_
. Cou~TY O` ---ST.•_._LUCIE ss
Bcfnrr mr ~x•rsonalk ap~x ared . . _ ~IM.. FAIR .
,
and . u~ nu• ~ccll knu~cn and Lno~~~n to
- . . -
: mc to Ix thc _ Pres~drnt and - . tia•irctar~. rr~Fx•cti~rlc, uf -
FAIR ENTERPRISES, IL~TC. _ . thi• c~~r~N~r:~tiun nanu•d in ~h~• furc~;uin~; in~lrumcnt. and '
kn~~~cn tn nu tu Ix~ thc ~x•r~i~nc ~~h~~ ac surh uflic~•tc of caid c~~r~~or.~tinn ~~~~~u~~•d th~• ..unc. an~l Ihcn and~ ~hFffi, ~li~• ~.iid
ntliccr. nf ,ei~l cur~,oration did acknu~~lcdt;r IK•fi~rr ~n~~ th:~t >.u~l in.Irum~nt i. Ih~~ in~ :i~t .in~l il~cd ~~f •~+n c~p~tr,µi(m,l~~
thcm res~x•cti~~•h cxcculcd as ~uch oNic~•rs fnr thc pur~TO.rt thcrcin c~pn•.x•~I: Ihat th~ .~•.~I th~•rcunh~.`
tl:~Y~~~(.lt;t,f~'~~jih,
{wratc x•al by thcm in likc capacit~ aflisrd: al) unJcr authorit~ in th~•~n duh ~~.tcJ h~ thc I.u.inl' A~J~Jtrccturs n't.,ca~id~'•, ~
cor{wration. ~ ~ i ~ ~ "
19th OctObec~' 77?~ ~
R"iT\I~SS m~• hand and official xal this _ ,-J ~lav of . _ . 7. 19 a-
~r..c~-C2 ~ . ~ `1~ '
\~itan ~lic Stat.~ of I~1nriJ:i~,afl'u~;~• G ~
~tv Co miscion rxpirrs: . .
FOR~f 1382 ~FLORIDA~ pUBUC, ST~1TE Of fLORIDII ~T WI~,. t
MY ~~ED THRU ERfD~ Ml. OIESfE1NORti 197~
aooKz~~ PacF1~74
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