HomeMy WebLinkAbout2561 Exhibit "A" - Page 2
rights of the Mortgagee under any qther existing or subsequent
default under this mortgage or the note secured hereby.
Mortgagor covenants and agrees that in the event of the sale or
other disposition of the property hereinbefore described or re-
ferred to herein, Mortgagee shall have the right, at its option,
to require that the principal amount of the indebtedness secured
. hereby be reduced to the sum of $150,000.00, and in the event of
the exercise of such option by Mortgagee and in the event Mort-
gagor, or its successors or assigns, shall fail or neglect promptly
to make such payments as are necessary to so reduce said principal,
Mortgagee shall have the right at its option to immediately and
without further notice declare the entire indebtedness secured or
to be secured by this mortgage to be immediately due and payable
and to foreclose or to exercise any other rights or remedies which
Mortgagee shall have in the premises.
Ii~ WITNESS tVHEREOF the foregoing F.xhibit "A" is hereby incor-
porated in the executed mortgage which precedes it.
11ITNESSES :
,
~ ~ . ~ :
- ~~a: ; } i KAY TW(~ ~RO L fT~7
' ~ i ' ~
f %
:
L~ ` ~ ~ ~ _ .
~ 1 By : "~I
~ Jo ~ . Burns, General Fartner
- ~gy; ~~~~c`~t-, y- ~ r
f~-~- ~ ~ - Har y ~~1. Knight, Gene artner
~L _~J f/~,{~yGi~ / ~ 7 'LI ~
~ ~ r ~
By = • ; ~~Nl
, '
jVilliam H. Parr, General Partner
r ..L~ ~ ~ .
i ~
; • ~
a
i .
j
,
~ flLc'D aNf a~CCq~[S
~ 5t 1t3+".!c C~Ut1TY FLA.
604c~ FGit~AS
CLfix ~~~i;.4Stt COURT
t aF~~Gc"~F'-~F'Ch~..~
,~;1~ il 4o PH'?3 _
~
~
' ~ -
~
;
a
~
:
~ ~~~1~
;
i
C
" ~ " ~ "