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A. To pe~mll, tummil ~ir su0er un anstr, In~ ~ulrn+r~i! ur J~terlorali,.n ut aal~! pro~urty, or nuy parl Ihere.~f, ond u~wu the tallure of the
mort~tuKUr lo ke~p the 1.u11uluKs u~~ suid I~~oprrl? ~~~1 cuu~Utlun uf ~rpalr Ihe Uurt~uKr~ wa?• dr~uaud Ihe t~ume.Uett rtpwlr uf sa1J Lu11db~Ka,
ur •n fncr~ase lu Ihe p+u~~uol nt srcurlly, ur ILr I~unudiate t~p~yuient of Ihe ~tiebt hereby arrur~~l wnd Il~e (oiiur~ uf Ihe murlKo~o~ to rotnplY wllh
.ald d~u~uuJ uf lhe ?IurtR~Kre f~~r a Iurl~~.l ~~f lhirl) 130~ daya, sl~ull eouslllul~ r Lren~h ~~f Ihi~ mottk:~Ke, nnd, •1 the o1~Ilw~ of the ~iort~r~~e.
Iuin?nllylN) m~ture Ihe rulire awount uf yrfurlpal uod Inlrreal htreby socw~J, anJ iuunniiatel • wnd v?•Illrout nuUct. Ihe llott~ee nuy IwUWt~
proeeeatings to fu~ecluse ll~l~ nwrl~uge ~ud apply fu~ Ihe sppolnlment of • R~celver, As herefna~te~ pro~ WcJ.
7. Tu perfora~, cuu?PIy Nfth a~ui vbWe by each •nd e~er~ th~ aU4utaUuns. ~~resouu4, eoc?dlflous wnd e~ovtuanb )n aald prouilawrr uole ~ad
thls murt~uge Jeed xt (urlh. , ~
M, !f auy of lh~ sunu ot m.~ney hereln ~eterroJ lu be ~ot pn~m{~ily aud (ully pa1~1 Ntun lhe saine x~•e~ally 4ecome due ~nJ p~y~ble, or If tae6
and erery• the atlpulafFon~, agrctnienls, t~unJlllw~s, e»J eucn?anls oI sald prun?Isso~y uule •~NI Ihis murltiu~e. o~ eilAer, are not dul pertormeal,
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cu~upllyd aith a~u! ubidal b). Ihe •RKr~KUfe sum ~ue~diuue.l in sa1J p~on~issur) uut~, (eu ~ny rel~ales u{reJ Uy Iaw, sfu~ll Ltcome ue ~pq p~r- i
uble furlhwilh or Ihereafter q1 thc optlun af Ihe Nu~tsogre, wlthout notlee, as fully •nJ ewnpl~l~ly ~s i~ said u Rre~ate sum o( wouly w~s orl~ln- }
ail~ sUpulalecl to Ix {w{d on aueh dnY. anythins In wid p~omiuory uote or here(o io lde tuotrary notvrllhsl+~nd~i~~.
9, !l Is [urllur euvennnted and agreal by sa(d parties lhat In lhe event ut q fY~~ LtItlR I11S1IfY1tcl 1u fureclax tAia niorlpae. Ibe ?lorlpsee ~
stwll I~e euli11ea1 lu upply ot any Il~ne pendinK w~h (nrec?usure wll to the euurt haviuR JurisJlctiwi Ihercol for the appolutment ot • rrteher of
idl and s(nKUlar the mort~•rge~i property, uud uf olt Ihe ~ents, Incumes, protlls, lssues anJ rerenu~s ILrreot, Irom vchutwe~~er sourte deNresl• ~nd
thereupon il la hereb~• eapres.ly eo~~naulevl ond r`~eatil Ihrt the cuurt shdl turlhwllh APIhlIO~ u reeNver uf ~sIJ roo~tRsRea~ propert~ d~ aad
sfnKulnr, n~~d of s~~ch r~nfs, Ineo~eers, pc.~llis, Issuts and tevenue Ihereof frum wl~atsoer~r aource derivnl, N•Ilh the usual puMers and dulle~ of te-
cel~e~s In like cAUS• u~W such ~p~wint~nent sAull tx made Dy sueh eourt AS i1 hlLllt~ UI S~IiC! rlKhl lu the UurtRaRee. it~ suceesaors~ te~cal reprexnta-
U~~s or ss~lgns, anil p~!lhout refrrenre to ihe ade~~uacy or luadeyuscy ot Ihe value ot Ibe properly hereby n~urt~.i`eJ, or fo lhe wl~eaey ar inso?v.
e~rcy of Ihe morf~;aK~~. oNf that such rent, nr„n~.. {nrume, fuues and revenues s1uiU be ~pplled br sued reeeiver lo tde payment of i6e mort{~se
L~deLteduess, cosis and eharges, aeeurdios to the order of sueh rnurt.
1~~. If a comr )•ance shwdJ IK mud~ b~• ihe ~uort~aRor of t6e pretnlses Iierein descrll~l, or any parl 1l~ercof, w•Ilhoul the wrltten eonse~t ot
the UortKogr~, a~Nl Nllhuut nswmptiou in re~;ulur fonn of taK~ D) lde Kratttee af ll~r uL1iK+~!!on !o !he Uotl~taKee ereated Lp ssW pro~ultsury nott
unJ Ihis mort~cage. 1heu, u~Kl In lhat e~~enl, nnd at the uptfun ot the ~forlKagee, and w~ilhout notiee. all sun~s ot nwner aeeured pereby alull immedi- .
atetr and eoneurrently wlth such n~msyan~e become due ~aud pay~Lle and !n defau.!.
11. Thaf !n the ev~nl tht pr~mises hrr~by morlkugal, ur any part thertuf. ~6a11 lx tunvemued and tnkrn for publi~ use or fot use Dy • publie
ulilil~ urnler the `~o~~er of emineni du~uain, Ihe ~IurtgnRee shall h~ve the rlgh1 tu denand Ihut s~U da~nages, awardeal fur U~e taktnK of or damagq
sa d premius s1~Alt be jwid lo t6e \lurtgagee up to lhe aurouttt tdea uupaid on this mort~a6e a~Kl rt the optlon ot Ihe ?Iort~aQee maY be ~ppUed
upon the paymenl or paymeols last pa~a4le lhereon.
12. ~ Il is x~~telOtally agreed tbal tlpte Is of the essenee of lhis cuntre~t •~xt ihaf no wai~•er of any oblisallua dereunder os of tbe oDU~tlon
seeurat hlreb~ shall at •u~ qme Le held to !x e waive~ of the terms hereo[ or u( the lust~ument sccureJ herebr.
13. If (oreclusure procrnlinKs ot auy secund mortKaRe or any Junior Ilen of any klnJ sha~1J Le InstltufeJ, or If proceedinRs w?Jer the B~ok-
fU(llf3" IAN'S of tt~e lhiitecl Sti~tes, l~Klu+ling renrgntiFrntion pruttr4lugs unJ~r f.hapter \1 of tAe PeJeral iS:~ukruptq• Ael, or Heeeh~ership proceaiinss
of nn~ kind L~ any Sl~lc ur Falerqi 1:ourt s6ould Ix lu~1f(ulcd Gy or agsinst Ihe morl~(nK~~ ~~r •ny of ils It~antees, then huldin` tUle to the p~ott-
ga8ed pro~~erly, Ihe ~lurt~aXrr map at Its optlon. wlthoul noliee, Immeillntelr or thereatler deelare Ihls a:o~~r,a~ ~nd lAe Indebtedness attured
t~ereby due and pe~•~ble (orlhw~Hh, and m~~ A! its opUon proteal to toreelose Ihls murfgnRe.
11. To tb~ extent ot the Ind~Attalness of the mortgagor tu the ~Iort~aKee dexrlDa! hcrein or steured he~eby iht \IortRa~ee Is derebp aubto-
K,~ted lo Ihe It~n ur lirns and tu Ihe rl~thts of the ow~nen aml holdera of each and every mortqaRt Ilrn or other incun~branre on Ihe laml described
herelo v~hich Is puid ur s;dislleJ (n w•liule ur in {wrt out of /he proceects of fh~ luan des~ritm! hereln or serurai h~reDy, and !he mpeel?st lltna ol
said murlRages. Iirnz or other Intumbrances, shall Ix und tne sume and eaeh of Ihtm hereby is preserval and shall pass to a~n1 De hdd by the ?lutb
gaKee Aer~iu as seturity for the inJ~btalness M the 1lorfrt~eRee h~~eln deserifxrl ot h~rtLy securnl, 1o Ibr snme exteM thal if Mou1J Aave lxeo pra
~rr~~yl and would have heen {wsse.l to and been hNd b~ lhe UortRag~~e h~d It txen dul~ and r~gularl assiKne.l, transferral, xf uver and
IeHa~eretil ualo the VortK•rRee b~• scparale dee~} of nsslgun~nH, nutw9/dstanding th~ foet thrt 1he same may be satisfled erhl eaneNlal of retord, it
I~einR Ih~ intealiun of lhe parliea hereto Ihat nll prlor ineumbr~ncq w•111 tx saUsfled and concelled of recor.i Lp the holders tdereot ~t or •bout tht
time o/ !he rerording of Ihis mortgage, Lot that the ~IurlRaRee wlll necertheless De subro~nlKl to the Ilcna Ihereo( as hertln ~bove procldeJ,
ls. To pa~ ali and s~~~gular the eo.ts, eharR~s end eipens~s, lneludlnR lo..y~r's ftes, rc~s.~nahi? I~eurred or peld at nn~ time by the Yort-
RaKee because of lh~~ faiWre of Ih~ n?ortKuRor tu perform~ iv~~npl~ with auJ ~~bide b?• ~nch a~xl ra-ery the stlpulatlons, aEreemcnts, eonJitlons and
cocenanfs of ~dJ prwuluury note a~n! thls mortdase or elther, and ererr such payment shall Le~~ Intereat trom d~te ~t ihe r~te boro b~ the
prto~ipal indebtt+ineas seeurer! hereby.
l5. f! is aKr~cri that Ihic mnrfK~Ke sh~il secure anc tuture adrancn niad~ hy the ~IorlRuge~ to Ih~ murlgaRnr st ¦ny time wllLin ten (101 `
.enrs from the d~t~ hern~f to Ih~ same eatent as If such future adcan~es vr~r~ niade on Ihe dat~ of fhr e~e~uUon of thls mart6s6r, provlded,
tioae~~er, fhaf th~ total un~.ate! Lalun~e of the indebtedness ucurcvt by ihts morlR~gr al any .nx lime shall not ece~al n ma~imum prlnelpal nmouqt ~
equal to 1:.11 ~xr cenl ot Ihe principal amo~nt origi~~ally seeured hereby, plus interesl on such masimum prineipal ~~n~ounf and sny dlsbunements
n~ade lor ILe ~>a?mrnl ot faxes, kvies or Insuranee on lhe prope~tr covered br thls morlRa~te. wfth Internt on such dlsbutatments.
l:. ~Chen any amount of mone~• to he pa(d Lr the Jlo~tgagor to lhe ~fortRaaee under Ihe frrn?s hereof ~hall Ix In defaull, or should the
~f~~rtKngor defauit in an~ ot the oth~r l~rn~s, procisions or condittons of this ~lortgage, then and in lhat rsse, the ~tortlcwRee shall hare We rlRht,
~~ithout noti~e to Ihe ?IurtKaRor, to rnDert an~t recel~e Imm any tenant or lesaee of srid mortgnRdl premixs th~ rrnts, Issues and protlts of the
real estat~ hertby mortaaRtii and ihe Iwprocements thrreof, and la Klre proper reeefp t~ and aequlttaucec therefor, and aflrr paY1nR ,q eummis-
siuns of any renlal uKenl colleel?nK the snme, nd an~ r~a~~naLlr alto~n~p's fees aoJ other neteasarp e~ 1rnsrs Ineurred in eolleetinR same, lo ~ppl~
the proceeds of cuch colitcfiuns upon am• in~l~lednex~, .~bliRatlon or IIaLUih, of the JtortB~xor hereunder. The riRM sraMal the ~Io~tRa~or u~der
this paraA~~ph sA~ll tx in rdd{tlon to, and shall not IImIt or resirlct. ~ny ol6er ri~t or rish~s gronteJ tde llorigasce !n thb ~ortja~e.
1R Special elauus:-
-=4. In order to rrare fully protect the security of this mortgage and provide for the payment
of taxes, assessments and insurance premiums upon the property encumbered hereby,~the Mortgagee
timert~e~rayments~nrovided~v~nt the~ mort~a~or a~r~es to ~ay to t~ie M$r~~a~ee each.~onth at the !
p p y sai prom s ory o e are ue and in a d~ i n to sa~ payments, a
sum equal to one-twelfth of an amount estimated by the Mortgagee to be sufficient for the
h1o~^tagee to paX said taxes, assessments and insurance premiums when the same are payable. If
the amounts paid under this paragraph shall not be sufficient to enable the Mortgagee to pay
said taxes, assessments and insurance premiums, the mortgagor shall pay the difference to the
Mortgagee~on demand. .
*5. If the mol~~~agor F~~li have assi~ned or ~aus~ to be,ass' r~ed to,t~e Mort~a~ee now or her -
after any po i y of ~i e insurance s additiona security ~~r the in ebtedn s secured by t~is
mortgage, the mortgagor agrees so long as any of said indebtedness remains unpaid promptly to
pay all premiums on said ~nsurance when the same become due and payable, a?~d ~f t+ne same shall '
not be paid promptly the Mortgagee may pay the same without waiving or affecting the option
to foreclose or any right hereunder, and every payment so made shall become part of the indebt-:
edness secured by this mortgaye, and shall bear interest from the date of payment thereof at
interest ~~ovided i~ ~~e promis$ r note secured hereby a[td every payment so made, and
ereon, s a be repa~~ ~y the mortgagor to t~ie rbrtgagee ~n such manner as the
t~lortgagee shall require.
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IN \VI'TXF.SS ~~HERkOF, th~ swid MorlRaRor hercunto ~ets hls hend wnJ xal thls th~ dwr and Year flrst abore ~rrlt{in.t~~~E~~~~i~~~,' ;
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VENTURE OUT IN AMERICA AT R fY~I,~NC. ,
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SlaneJ, sealeJ and ddiv~red in the presence ~r. a_Florida__corporat~on~__-~~~_„_ __~s~~
_ _~..~~,c~-L r'-~t~---~ ~ By ~ . : c { _ ~ : 4 ±
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, ~/y~~~, ~4 ~rL. Vi ce Pr e ~r~: ~ .~.....~,~•-;~1~~.~~'
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J Attest: . U~''~;Z~EAL)
r~ ~ si stant Secret~ry 1j«<:=,.~t~~'`
600K PAGE
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