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pro~~ements; all rigl~t, tide and interest of ~.Iortgagor in and to any
streets, ~vays, alleys, strips or gores of l:ind adjoining the Land;
( ii ) all of l~iortgagor's right, title and interest in and to any
award or acvards heretofore made or hereafter to be made by any
1~Iunicipal, County, State or Federal authority or Board to the present
and all subsequent o~vners of the Land and/or the Improvements and/
or the FiYtures ( and/or Personal Property, if any including any
a~r-ard or awards for any change or changes of grade of any street or
stre~ts af~ectina the L~nd and/or the Impro~-ements and/or the
' Fixtures (and/or Personal Property, if any); and
~ (iu) all t~ie estate, right, title, interest, claim or demand what-
j soever of Mortgagor, either at law or in equity, in and to the Land,
~ the Impro~ ements and the Fixtures ( and/or Personal Property, if
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; ~vhich term includes any part of the foregoing property described as
~ ?1lartgaged Property;
~ ~II~ ~'IORTGAGEE: Construction Lender, and its successors and as-
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~ signs and the holders, from time to tirae, of the Note;
~O~ MORTGAGOR: Beach Club Development Corp. , a
~ Florida corporation
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and its successors and assigns and its successors in interest in and to the
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~ Mortgaged Property;
~ (p) NoTE: The promissory note, dated as of even date with this
~ Mortgage, made by 1~'Iortgagor to the order of `'Iortgagee, in the amount
~ of $ 6. 2 00, 000. 00 secured by this Mortgage, a copy of which
; is attached hereto as Exhibit B which by this reference is made a part
~ hereof for all purposes; ~
f;
,1 ~ OBLIGATIONS : Any and/or all of the covenants, promises and i
other obligations ( other than for tne payment of the Indebtedness ) made !
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= or o~ving by hlortgagor or others to or due to biortgagee under and/or as ~
r~ set forth in the Note and/or the Security Documents and/or otherwise.
~;~a ~I'~ PER11fITTED ENCUMBRANCES: Permitted~ Encumbrances, if any,
- sho~vn on Lxhibit A;
v~r~ . ~S~ PERSONAL PROPERTY: Personal property described in Exhibit C ~
~~''a"~iaci~ed hereto ~vhich by this reference is made a part hereof for all
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