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RIDER A ~
12. If any action or proceedinR be commenced b,y or aEainst
the ?iort~*a3ee, includinF•an-actinn to foreclose said mortga~e,
affectinR said oremises or the lien of said mortga~e, the t'ortgagee ~ '
may apoear, defend, prosecute, retain counsel, and take such action
as the t~ortp:a~ee shall deem advisable and the costs thereof (in-
cluding reasonable counsel fees of at least ten per centun of the
priacipal sum hereof, and all aoplicable statutor*~ costs, allowances
and disbursements) together with interes~ thereon at the rate of ten
per centum per annum, shall be paid by the *~tortgagor to the Mortgagee
on demand and shaZl be secured by said mortgage. ,
RIDER B ~ '
25. The MortRagee is also the o~vner and holder of-the following: :
1. Leasehold mortgage ~:ade by K3mco of Lauderdale,
Inc. (forr~erly Kir,lco of Florida, Inc. ) as Mortga~or,
~ to The Eokery Savin~s Bank, as r`.ort~a~;ee, dated
I~iarch 20, 1969 , recorded Ii2rch 28 , 1969 , in 0. R.
Book 378, Pa~e 154, Lake County, Florida, covering ~
prer~ises knovm as 1,4th Street , U. S. Highway ~27,
Leesburg, Lake Countv, Florida; and
2. N:ortgage r~ade ~ by Conr.:ercial Developers of Eradenton,
Inc. , as t~ort~a~or to ~'he Kir~co Corporation, as ;
. I~:ort~agee, dated October 24, 1g67, recorded October ~
26, 1967, in 0. R. Book 33Q, Page 528, ?ranatee -
' County, Florida, covering premises located at ~
La!:eside Shopning ?laza, Cortez Road and 24th ~
Street, Bradenton, tianatee County, Florida. ;
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It is understood and agreed to by the parties hereto that the
occurence of a def2ult under either one of the said t:~o mortgages
or hereun~er shall or ma.y be deemed to be a default under the terms --x
of all three mort~a~es as thou¢h the same were snecifically set forth ;
in Article 23 hereof, givin~ to the ?;ortg2~ee any and all ri~hts and =
privile~es c~:hich it has under a12 three mortgages for ~he enforcement ~
thereof, includinQ the right-to foreclose the same. ~f
- 26. The layrs of the State of Florida shall govern the inter- =
pretation and enforcement of this instrument.
27. The t~ortga~or ~~arrants and renresents that as of the date
of the execution and delivery of this instrument it is the legal
and beneficial o:rner of• sub~ect oremises and that the proceeds of
the mort~a~:e loan will be used solely for the coroorate purposes of
the ?•'_ort~a~or and that said t'ortga~or has no present intention of ~
transferring the mortgaged prer::ises .
28. 'i'his instrument shall be construed as a security agreerr.ent
in accordance ~vith the Uniform Cot^:nercial Code as the same may fror.i
tine to tir~e be in effect in the State of Florida. ~
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