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and sha~~ p~r~orm. comply ivtlh artd abide 1?y eacF~ ancJ e~~erv I~e a4~•epm~>nls, sl~pu~ations, conditions aur
rnt~enants thereof, an~~ of this morlgape, i{~en IhiJ mort~a{~e nn•l tl~w ~slal~~ her~•6y ~r~41ed, sha~l rPas~, de
termine and be null anc~ t~oi~l.
7~IL~ the morfpa~or here~y ~urf{~er coa~enanis an~I aflrees fo pay prompf~y u~hen due Il~e principal and
inlerest an~ olher sums of money provi~c~ ~or in sald ~ote an~ !{~is morf{~age, or eilhe?; fo pay a~~ and
sinqu~nr t~u+ taxes, ass~ssmenfs. ~eni~s, ~inhi~ities, oh~i~alions, nn~I encumF~rnnc-PS o~ ei~ery nature ori saiel pro-
perty; to pprmit, commil or sujjer no u+asie, impairme~t or ~elerioraliun o~ saic~ ~anc~ or fhe improi~ements
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f~ereon at any fimP: lo ~e~p I~in ~~ui~~~iric~s now or ~ie?ea~fer on saicr ~an~ ~u~~y insurer~ in a sum oJ not ~ess
` than ONE MILLION TWO HUNDRED TNOUSAND AND NO~100------------(~1~~2q~ 000.~0 Dg~
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in a com~ny or compani~s accepta6le fo t~~e mo?fflaflee, f e po~icy or po~ici~s fo ~ e ~y. an paya e
to, sai~ morfgnflee, an~ in !{~e e~~enf any sum o~ ntoney ~ecomes payah~e ~~y i~irtue o~ sucti insurnnce I~e
mortgagee Shel! ha~~p the right to n~c-~ii~p am1 apply tI1P SQ??IP IO I~Ip IR~P~~fedness Itere6y sPCUred, accotuitinfl
io l~ie murlgagor Jor a~y surp~us: fo pay a~~ cosls, charfles, an~ ~xpenses, inc~uc~ing ~au~yer~s (ees anc~ lit~e
f searcl~~s, reasona6ly incurre~ or paic~ ~y Ihe morf~ag~e ~~ecaiue oJ 1~ie jai~ure o~ f~e mort~agor fo prompt~y
i an~ JuIIy comply u~ith I~e a~repmenfs, slip~ilalio?is, con~ilions an~ co~~enanls oJ said nole arid this morlgagP.
! or eif{~er; to perform, comp~y u~ith anc~ a~ic~e hy ~acti and ~>~•P.y ~he a~re~menis, stipu~alions, cone~itions a?ic~
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~ co~~enanfs set ~orl~ in saic~ nofP an~ 1{~is morf~oge or Pith~r. In the enent I~~P mortgagor ~ni~s to pay w~nn
~ue any ta.r, assessment, insurance premium or oll~r? sum o~ money payah~e hy t•i?iue o~ saicj note ane~ t~is
morf,ryage, or either, I~~e morf~a~~~~ may pay th~~ same, wif~?oul u+aivinfl or aJ~ecting fhe opiion fo ~orec~ose
~ or any uther ri~{~t hereunde~r, m~d all sucl~ paymenls shall b~n~ interest from datP therco~ at ihe ~igl~esl la~o-
ful rate Itien allou,~1 by Ihe lau,s of tl~~ Statp of 1=1ori<la.
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( ~L any sum o~ IIIOI1Py IIP~PUI rrJcrred 1o I~~ nol pru:npfly paicl u~ilhin Thi rty days next a~ler
~ tf~e same tiecomes du~, or i( ~ach and ei~~ry Ihe a~re~•menfs, slipulalions, condifions nnd couennnts o~ said
note and Ihis mortga~e, or eil6er, are not Jully p~rJormed, complied u~itl~ and abided 6y, tlien fhe entire
~ sum mentioned in said nofp, and this mor!{~ng~, or tl~~• ~nlire 6alance unpai~ lhereon, sl~all forl{uuith or
t~~erea(ler, at t~e oplion o( f'ie morfgagP~. I~erom~• nn~~ {~P ~lue an~ pnya6~e, anyttiing in saic~ note or herein
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~ fo 1{~e confrnry notu~itleslanclint~. I'nilttre 1>y thp mortga~~e to exercise ariy oj Ihe righfs or opfions herein
proric~e~ sha~~ nof constiftife a u~ainer o( any ri~~~ls or oplions un~er saic~ note or this mortgage ncc?ue~ or
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; Iherea~ter accruin~.
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~n ~~tness ~hereof ftie mortgac~or tias causec~ these presents to I
( CORPOR.iTF: i
~ ~EA[.1 ~,P execulpe, in ils ?eame, arec{ ils corporate seal to 6e I~ereunto a(f ixed, 6y ifs
~j proper oJjicers t{~ereunlo ~u~y aul~~oriz~~, the day anc~ yenr firsf a~oue u~ritlen.
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:~TI'EST _ _ RESORTS_.LIMITED_,__a_.Tennesse.__Limited_._____
i - ~ ~ ~ , Partnership
~~rern~ in I~~e j: '
$igne~, s~a~ec~ nntl prns~n~~r o
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~I , ~ / - ~;i , - - - - ~ -
~ _ ..-/~%~r-%~'-`"---- ~ - - - - ~ - , . - ; - --l?l4iLX~Xi
. ~ ~ ' General Partner
- . _
, ~ - - - - .
i~ Fi~EO ~,~n R~coROEt~
f~ ST. LUC1E^~OUNjY fl • ~
ii ROCEr. P:1ijRAS ~
CtER Y{~i
f~E~p ~ouaT ~
~ ` Rf.CORC
~ -
~i ~~t1tf Of FLORIDA ~ ~6 II Z3 {IN 2~~US I
~oun of r~RtFd ~
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i! 1 HF:Rf:(ll' ('FRllf 1' ~601 ~.n ~L~s ~I~iv. Iw~.K~ n,.•. ,~n o(~i~.~? ~Iu1~ autl~ori~~l in I~+r ttatv nn~~ (~n~anly a(wrsafi~ lo lalrv nc~rnou~r~~g.
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' men4s, prrso~u~~y t~~~p•arr~~ ~
~ ~..i- :
. JAMES E. LINEBERGER
~,Y~.~ ~n~ lcell I~nuu~n }o <<, ~r,.~ wxac~xx,x~c General Partner ..~<~w.~;.~iy fM(M~uI1~M numr~i
. k~ Ii~W_in IE~v fnrry~wnq indnurw~nt. an.~ t~~af lti~~• cr~•rnil~~' a~~nuu~~r~~yv~I rirudiny II~v .arm•. m I~~r ~wsentv oI fun wF~scri~Hnp uti7n.~sc~•s.
. , y~~ V ~i,'. ~ r. i
V~ j. ~ ire~J~~lq t`~unfarily ?m~rr uuftinnh ~~u~~' rrde~~ ir, t~~rrn ~rv wi~~ i~or~nrrohrx~ um~ I~~af t~~v sra~ u~r~~~~~ -t~~vmfo is ltir Iniv ~o?Mvafv wn~ u~ I
4~1/~ fIR A~I(M.
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.~J .jr~~ r ~~F'~~:~~ my tiuru~ am~ o~~iri~~ sva~ in Itiv ~~ounW am~ ~lub• ~osf n~orvsai~~ IE~ia 15th ~~ay n~ November
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- ~ S~Gri: tQ, 73.
J+~.. p l; ~ .
• N~ry Putd:: State ot fl~n:fa at targe ~ ~J~~~
~ ~f~'I'V?W
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. •,'~c`~~`~ t~ Comm:ss~oi E.pues hr.e 23. 1975 ~Z ~
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' . . . ~ (NOTARY PUBL )
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~ e~ox 220 PacE2917
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i"17»s I,~Jrrrm~~,n prrpnr~d hy. Stuart Marti n Ti tl e Co InC .
f~~ 41 Ea t Ocean Bl vd, Stua~,ic~, Fl or~ da
BY : ~-QQ , C -F
George L. C hran, as Agent