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i. 1~ w~fw+~, sow~ob w,N~ ~nd ~bd~ M~ Md wur ~~~pr4aony p~M~n?*. ~ond~~.on~ ~nd co.~nb M~a.d ww.~uory ~~nd d»d ~N IorM.
7. If ~r d N~ www ef won~y 1»r~iw ~d~rr~d a!~ wM o~~Wh +~d ~ w~d w~M~in dwrev p01 d~» ma? ~1~ d» s+~ NvN~lb Mcw.~ ~ Md wr~.
, a N wd~ ~w/ ~v~r~l M» N~u4~~on~. wrKw~wa ca+d~~wr, ~nd cov~n~ oi ~~id wo~wiiw~? woN ~nd ~ha wanyp~. a~iMw. r~ na dufi? o«I«w~4 cow~l~~d
wi~A and ~bid~d bY. dw +~Y~p~N swn w»wr'a»d in sud wwww~l ~wN sA~11 Mco~ dw ~nJ wr~M fwd~wi~A er MwwlNr u My aW~ ol ~M Map~~, .
a~ 1u1M ~wd ca~oMM1r M if Mid ~YY?~W» ~ue of a~oMy .w ai~y N st:pub~~d a M w~d m sucA dqi. ~ny~no in s~:d wo+i+~~an na~ a MrNw b ~M •
taww netwidatand~w0.
~ To deliv~r a sad Map~~. ew e~ b~fon N4rcA ISM o1 wcA yNr. taa ~~nqN ~v:d~nc:ny fM paywrn~ of ~11 I~wf~Np iw~poHd baw (e~ Ny p~c~q •
u~ndr th+r. ~e drl:nw N uW Ma~~pM, ~~c~:Yh hr~dw+c:rq dr wYw~u o1 aN li~n~ (a P~:c iw~pav~n~nes w~~~in /1iMty (9O) ~Y1 ~IN? Mr ~u~ ~MII buowN ,
dw ~nd ow~M. ~nd ?e WY a daclwy~ wi~Ain ~~v ar~ ~fNr dw dN~. any Md ap puvNiuMm~l Iwi~s Mn rw~y b~ wrd~ on ~M ~nort9+9~d Pro0«M. ;
m Nw ao.q~q~ w wa!~, a i~ ~w. alw w.y ~„uhup f~aw dy Mw~p~y~ ind~br~dnKS s~w~d A~ Mis ewrp~y~; w~d if Mn condi~im E~ na cawli~d w~iA and pu. •
fawi~4 uW ~waty~~ wyr Pw wcl~ sww or aww~ ~A~cA ~11 Mcowr nx~ of M~ deb s~cvr~d Ay ~ war~pp~. ~nd ~h~ll !w intMwt N ~M nN e1 s~a pw c~nt.
N%) P+~ wr~ Ml~r ~Mi•anwalqr w~tfl p~id a ~~id Maty~q~ wY •I~cl MM u:d ~ww~yp~ d~E~ dw~vPw~ b~coa» Au~ and ~+r~lN fwMwiM.
9. It is fwMw cown~nt~d w~1 a9rNd AY µd p~n~~s ~M~ ~n t!w ~wn~ e1 ~~ui~ b~iny inuituad a 1a~clow ~his ~orq~p~. ~M MapapM sMll E~ «u~N~1 ~o
~vohr M rM tiwr wnMO wd~ fonclosu.~ wit a ~M co~w~ MvMy jw~~M:on ~h~.eol tw tM ~pooiro~ent e1 ~ nc~iwr d Nt ~nd ~:nP;4r M~ nw?p~p~d w~b.
~nd e~ ~M qy ~b. incowr~. P~~h. i~sw~ ~nd r~r«wa M~rwl. fraw wMtwwH sowc~ dniHd: and Nw~umn if a Mreb~r ~aprp~lp cowew~bd ~nd prMd
~Mt d» cwn ~MN tor~Aw:M apooLr • r~vw o1 wid aarty~p~d proper~y. all ~nd sinqular. ~nd o! s~A r~n~s, incawew profin, i~wM end ~~wnw ~Mr~of. fraw
wA~NO~~rp ~oura dwiv~d. wi~A dr uiu~l Yow~n ~nd A~ia el nc~:v~n in lik~ c~ses: ~nd sucA +OOO~nuwn~ aMll b~ w~ad~ ar sucA cow~ ~s a~~N. of ~nic~ r:qlN
1o Mr 1Mor~9~VN h+ wu~uw~. by~l ?pra~nutiw~ ar a»:9m. ~nd ~riMaA rdN~ to Mw ~d~a~+cr or in~d~pu~cy o1 Mr vaiw o1 tM wope~b 1~ebr ~on9~0+d.
or b ~M ~dY+wtlr or inwlv~nql of N» Map~pw. ~nd M~~ ~uch r~n~. Y?of~b. inco~. i~wn ~nd r~vwww ~MII M~ppli~d by ~ucA nc~iv~r M Ny Mr~en~ o! M»
worlWy~ iwd~bNdneW cpb ~nd cAnpM, ~aorduq q tA~ adr oi wd~ caM.
10. If ~ twevhre.xs J~ould b~ w~td~ by IIM A1wlp~qor of Ilr WMn~sp Mt~ia desct:bld or ~nY Wf~ tl~~oi. wilhart IM writMw tonN~~ of IM Mony~pM. ~nd
wi11w~A ~auw~ion in ..yc4r lonw of 4w br ~ho a.n~.. 01 ~M es1:p~Aa? w ~h• Morq.pN u..t~d br u~d aawiawn ~wu ~wd +1wa worp~q.. t1~ .ed 'a, ~M~
w~wf. ~nd N ~M oWien of ~ Mor~9~Y». and wiN~oul eqic~. ~II ~uwa of e~omY wew~d MrebY ~MII iwrw~di~tely ~nd ca+cunwF• w:M such conveyw~c~ Mcanw
du~ .wd wr•ew «+e ~ d.~«*.
1!. 1Mr In Mr ~+~tnt dr pr~:s~s Mr~E1? ~9~Y~d. «~nr O+rt tAKwl. aAdl condenrwd ~nd Nkh 1a pi4lit uw.und~i N» powN ol ~w~irnM dowu~n.
11» Morf~oN aMN Mv~ 1M riqAl W drw~nd IM/ dl d~w~qa ~wardfd 1or tht bk:np of a da~yq b srd Or~:iM dMY ~ Y~id b/M
Mo.ip~ ~w ro rw .ewunt
1lw~ unWid on Mw worly~~ and N tlr apfion of Ny Mor~9+9» nry bs .e^^.!es! s•S^~ Mr M~~nb lasl pKr~bl~ Nrr~on.
12. lly rwerq~pa A~Mk A~watN nw b«~ct p p~rwrt b!~ K~ct~d ~r n~w build:nq~ on tl+~ prMrsM Irr~in w~or~p~q~d or b ~dd b p perwrf b A~ sdded
a Mw of tM saisYrw i~w?nv~sr+ra ~Mr~on a~k~ ~nY cM~ww or ~1Nr~t~oro in u7d i~ow~mnh wAu1~ nr~ui~IM tAw+Y~ N» a~ w ~Ae vu eMno1. w~~Aow
tM writNw cona~nt of ~M 1Nonyp~. ~nd N dr ~wnt oi ~ny vio4tan a ~tten+W a v:ol~q flr~ st:pv4tian Mi~ nanp~q~ ~nd ~U swm s~cwed MnbY sANI iw.
ar~iMel~r b~cowr du~ ~nd co1l~a~bM tl tM aWia+ 01 tM Mort~~.
1~. !t is ~o~ci(it~IM prNd ~MI ti~w is o! tht ess~nc~ o! this conbact and 1ha~ no waiver ol ~nY ob:iyation Mrwnd~r w of Mw oDl:p~l:on s~cwtd Aer~bt~ shall ~t ~nr
t:nN M Mld fo E~ ~ waiv~r ot ~M Nrwr Me~of w of ~M irouuw~eM s«vr~d he.~b~r-
11. It for~cbsw~ OwcMdny~ of snY s~cond morry~p~ a s~cond trva~ d~d or ~ny ~w+ia lien o1 any k:nd should b~ imti~,nd. ij.~ 1Mor~p~se~ nyy. Ges av+~w~.
inrrd~Nly er Mvwher dre4n ~A:a w~ortp~p~ r+d M~ ind~bbdrwss s~cw~d Mr~by dw r~d wr~bt~ forY~wi~p, ~nd nry at ib oa~wn proceed ro lonclos~ dds
~~9+Y~-
13. Te dr ~anm d Ny :nd~bNdn~ss of d+e Mwrq~qa b Mr Allwty~qe~ dau~bed 1we~n or sec~r~d Mreby ~ A1wep~qe~ is M~ebr svbroqa~ed a d~e ~iee o~
li~ns ~++d b N» ripAea of th~ owrwrs and hotden N~awf of ~scA and ~wry rnorq~y~ li~n w aher ~ncwwErann on ~M land d~i~Md Mre:n wl?ich a w:d ~ndlw
s~riafi~d in whoM a in pr~ oa of Ms proce~da of eM Ioan descr:~d herein w s~cured haebY. M+d N+~ resp~uiv~ li~a ot u:d ~no.~q~9e~. I~ens o~ aher ~ncvmbaecea
s1yU ~ ~nd IM. ~a~n~ ~wd wth of 1Mw~ Aereby is p~serv~d and sMD p~as ro and A~ hrW b~r Nbnp.q~. Mr~:n u s~cvri~y far Nr ~nd:b~.dn~a w Nw Mw~q.q»
hu~:n deacriMd a herebr saa,nd, ro M~ sain~ ~¦~em Mat i~ wwld hw~ b~en p~ser.~d and waild haw E~en wa~d w and seen MW by ~M Mwtp~~e had i~ bxn
d~M ~nd rpulartp ~ssip.rd, aa~a/~n~d. sN ova and del.wr~d ~nb Mr Mon9+9e~ by s~o+~n~ de~d ol ~ssiytineM naw~tAs~~nd~np rM fac~ ~ha~ ~ s~nr ~y br
utisf;~d ~nd c~nc~lkd o! r~cad. i~ be~rp M~ inamian oF th~ pan~~s he.ero tA~~ M~ aarM w:ll be s~t~sf~ed ud c~nce{led of r~cad by Nw holden th~.eof at p ~bp,t
Nw ~:nr of aM r~cwdi~g d Mis nwty~q~.
16. To par all a~d i~nqula. rhe cosrs. ctiarqes and e¦pense~. ~ncl~dnq taw~c.'s fe~s. rca~anaWr •~cu.red w w~d anr ~.~*e br r~e Nbrrqa~e. Oecausc~of ~Ae
fi:i„re of ~Ae Mwrq~qo. w pe.fpm. canply w.rA and ab:de br txA ae+d e.e~~ ~he ~r.pula~.ons, aqreemen~s. cond.~.ons. and corenann of u~d pom,ssay no~e and ehn
deed. o~ en1~e.. and t.a? s~cA wimenes aMll bex .n~er~ir tran d~~e eAe ra~e wov.ded ~n s~~d wwnnsorr nok.
17. WMn ~wp rwartu of wwrr~~ b b~ pid by Nr Morty~por w th~ Nlortp~p» und~r Me term~ Mr~of ah~ll b~ in d~fault. a shwld ~M
+~r o~ Knns, provis:oro o~ ca~d.tiwu o1 fAis Mat ~9~Vo? drlwlt in
colkce and rec~iw kaw 9+~, tMn and in thae us~ the IMorev+9e~ shall h~ Nw riyAt, wi~hout na~ce to Nr Mor~yyw, w
any 1~nt a I~ssa~ of s~id mortyp~d pewwsa dr r~nq. Guves and pro(:es ot eM rwl esnu he.~by n+a+y~yd and ~i» :rnpro.re.nenr~
, Mwwn, ~nd b yiv~ popw r~c~ipb ~nd ~cq~inances Me~~fw, and aher psY:nq all convniss:ons of ~rqr r~nul pene colkctieg tM fa~. u~d any reasonabt~ anornty's
fe~s and oNwr necea~ry ~w~ns~s incwred :n cdMctiny sae~, b applr tlr woceeds of s~ch colkct~aa upa~ anv ~ndeAqdn~ss. obt:~r:on or IuA:t~h~. of ehe
~ Mortp~yw here~+ndv. ilr riph~ 9rw+hd the Abrt~p~e w~d.~ this P+~+w+P~ ~hall D~ addi~an %~nd shdl na I~mit a~ ~~str~ct. ~nr od~ r:yht or rphb p~nnd
AAorty~yN in this Monp~y~_
Ij 18. If ~M Mortyy~o.a u tM +iny of enek' tlus Mon
~ 9~s o~ ~np p~p~ a aubs~ar~nt tA~r~ro t~k~ out I~f~ :oswanc~ desiqn~t~ ~M Mw
~~+O+~y wWoved bp tM a ass~ °9 W+9N here:n as benefici~ry w~fh a
~9~9~ 9~s O~:ci~a to tly Mortg~yt~ fw M~ purpos~ of secvrinq tM ~nwry~qe loan her~by secwed, tMn tM Morlq~qte d~all
` Aave Me riyAt b Mn +~I We/wiwn ~edviny undv wid policies, and sll swro so esw~d~d sM1I M sdded b n+d b~conr • pxt of t)» princio+l indeMedness secwed
by th:s Abrtyay~ ~nd ahall b~ paid by tM Merty~yw ro tM Mwfy~qee in twKtv~ pwl conuc~tive nwnthFy i,nbll~ep~b. ~M i:nt mond~ly i~nt~ll~nt ro b~ p~id ~s a
I parr of end in ~ddition a ~M nwnNdy p~ynwm dw ~r~der tlw~ Abrrq~p~ in tAe firsr utend~r ~nonM fdbw:np M~ •:p~drq of u:d sum. S~h sums w eapended
, fo bew •nqrat N tM ~ate at wAicA inbresr is paY~bb ~qon s~d p;nc;p~l indeb~edness and tM lien of this Mwty~p~ ~11 e.tand b and secvr~ tM swns so capended
j fog~~her wid~ inlau? drr~on ~s 1~~.nbt/a~ povidd. '
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19. ?Iwt to4eNrr ~iMi osd ia oddetiow b ~M ~ouN~lp porsent of pr~wcipol md ieterest porabk v~de~ t6e te~~u d tlie wob ~ecured 6ereb~r. Mwt~or
ahdl po~r b l~wt~p~e ~ocA wou1A ~~Al wid nole n f~r poid. oat-hrditA (1/12) oF o s~rw pwl b tl» onmrol prew~ dw (or f'a~, eatewded covero9e.
and oN~e~ Iw:wd iwwrasc~ oonrin9 t!K ww~tyopeA Wope~t~r. P~os loaes ond osseawnh ne:t doe ow t~e
less aN wws olr~r poid Nrr~fw, owd to b~ d'nided bp N~t n~wb~r af ~ons6s fo ~°~d P~~h (dl m estiwoted br Mortpopee)
~aP~ P~iw ~o tbe doM ~Aew wd~ teaes ond asses+~ents s6aN becose
deliwqwwt. Soid w~s sbaN M Add by Mwtyopa~ iw Inrst w tred~Aed b tAe pri~cipd of tM baw, b pop soid 'anrrowce. ~o:~s, o~d asseu~e~es ond slwll
M opplied oa flr por~t tl?xsd ~rMe dw. Mp ~icess 6a1d iw tr~rst bp Mortyope~ w4ee sa:d loae a poid 'w I~ Jw~ be poid to A4ortyopw. w bis
ussipsn, a pe~wwd rpre~ewbliiws. le N» ewn? .iF o delmrh w foredosore, soid svwa reld in hrst ~op be oppli~d o~ oqr co~1s oF do~oyes wsto~ned :n
~ coewectiw wi1A IM wllecliow of 14 woN s~c~red be.ebp ~rbtber bp svit, foreclos~re, w othe~wi~e. Mo~lpopw ~or irow Ii~ b ti~e ot ifs oplion ~.aire.
ond after wr srch wwiv~r, r~stal~ wy or al! protisiows 6ereo( rp~iriwy sod~ deposils b~ wotit~ b Mot/yayor iw ~rilip. WA~le mr svch rroi~er is ~n
~ ~ff~ct. Mortyo0or al~afl pry 1oa~s: ess~ss~nb and iasyrawce pre~i~ws m herein else+chere pre~ided.
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IN WITHESS WeIEtEOF, dN s~W Albrty~qot Iw~ue~q N1s Aia hand ~nd ~e~l d~is d~ dr~r and rMr tv~f ~bw~ wriMN~.
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Y' BEACH CLUB COLONY OF STUART, INC.
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s~prree, s..~.a .ne ee~~•..ea B
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~ *M George ost opoul , President
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