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nnd shall per(o~m, comply :~t1h and a6ide by each nnd eue?v the ag•caments, atipulalion~, condiliona and
couenanfs thereoj. and of t{~is mo~tgage, Ihen this mo?tgage and Ihe estate hereby creaiecl, ahall cease, de-
iermi~e and 6e null nnd void.
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~ the mo~tgagor here6y jurther co[~,nanfs ancl age~sAs to pny promplly when ~Iue lF~e principal ane{ . ~
inferest and other sums of money provided )or in snid note and thts mortgage, or eitl~er; to pay al~ and ~
singular the taxes, assessmenta, levies, lia6ililies, o6ligattons, and encum6rances of every nalure on said pro-
perly; to permit, commit o~ sujfer no waste~~a~~~?~~pr~~qo,t¢4pfl~~ saic~ ~and or the improvements
thereon at any lime: lo keep ihe bui~ings~now or erear~er o~ saia~~an u~~y insurec~ in a sum ol not ~ess
~,;..ti,~ct ~n~~~r~hle! vAlt1~
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in a company or compnnie~ accepta6le to the mortgagee. !he pollcy or policies to 6e held 6y, and payable
ta, said mortgngee, and in Ihe euent nny sum oj money 6ecomes payable by virtue o( such insurance t6e
morlgagee shall have the rigF~t to ?eceive nnd apply the same to Ihe inde6tedness I~ere6y secured, accounting
1o Ihe mortgagor for any swpG~s: fo pay all costs, charc~es, and expenses. [ncluding Iawyer's jees and title
searches, reasona6ly incwred o~ ~id 6y ~he mortgagpe 6ecause of the jailure o~ tl~e mortgagor !o promplly ~
nnd ~ully comply u~ilh f{~e agreemenfs, slipulations, condiiions and covenants of said note und lhis mor1gnge, i
or either; to perjo?m, comply with and a6ide 6y each and every the agreemenls, stipulations, conditions and ~
covenanis sei )o?th in said note and lhis mortgnge or eilher. In fhe event the mortgagor /ails b pay when ~
due any tax, assessment, insu~ance premium or olher sum oJ money paya6le by vir(ue oJ snid note and this i
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morfgage, or either, the morlgaflee ?nay puY the same, wiltioul waiving or a(f
ecting t~e oplion to ~orec~ose ~
or any otf~er right hereunder, nnd all such payments shall 6rur interest Jrom date thereo) at !he F~ighest Iaw-
~ul rate then allou~ed 6y ~he laLL~s oJ the State o/ Flori~la.
any sum oj money herei?i reJerre~ lo ~e ~iol pro~npfly paicl when ~~f~C~[$~~X~
fhe snme becomes c1ue, or i~ eac1~ antr every Ihe agreements, slipu~alions, con~itions ane, covenants of said
note ant~ t{~is mortgage, o~ eill~er, are not ~u~Iy ?x rJormed, compliecl u~ith and a6~ded by, il~ert the enfi?e
sum mentioned in said note, and Ihis mort~age, or the entire 6nlance unpaid thereon, shall ~orlfw~it{~ or
ll~erea~te~, at f{~e oplion o) the mort~a,yee, become ancl 6e due and paya6le, anything in saicl note or herein
fo t~e contrury nolwifhstnnc~ing. Fai~ure ~y the mortgagee fo exercise any oj f~e rig~ts or opfions herein
providec~ sha~~ nol consfitute a waiver oJ any rights or options unc~er said note or t{~is mortgage acc?uecj or
~ ihereaJ~e~ a~~•u~nfl. The privilege to accelerate payment of the mortgage
I indebtedness is conditioned on the Mortgagee giving the Mortgagor
, written notice specifying the default and thirty (30) days within
which to cure same. If the default is not cured within said thirty
(3~ff) c~a~y period the entire balance of the mortgage indebtedness
~.shaLl~-it~ediately become due and payable in full withaut further
~;~e.;,a~ -.demand. .
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t' ;~.t4l~R~~~ ~n ~~tness ~hereof !he mortgagor ~as cnus~ f/iese presenls fo
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_ -~ALj ~ 6e executecl in its name, and ifs corporate seal to 6e 1~ereunto a(f ixed. 6y ~r:
: 7 :,~;1,, Pr er oj~icers thereunfo cruly autl~oriz~d, the day ancl year first aEwup wrilten.
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~ ~ "•rJ ~ ~ ~ GULFSTREAM _BROADCASTING C0. INC
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~.aQ? n~ e~ i ihe p j sen~e o): c__ ~
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~ ---1------ - . - " onald Crider P~~~~
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, FLORIDA
~p~~ p~ B ROWARD
~ 1 HFRFBY Cf:KfIFY ~?wt on Itiis day. fxJo~t mr. an o~(iivr J~y aullwnzrd in 1~~ Gaf~ aru~ C~ounfy n~oirwic~ lo la~t «~enw~~~.9-
mrnis, prnonallya~P.'~d Ronald Crider and Cara E. Ebert 1
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~ ~rcII I~nou•n 1o mr Io bt Il~r Presid~nl m~ Assistant Secretaryrrs~c~ire~y o~' e6r corpo?alion rmne~~l as
morfqu,qor in l~u ~ongoing inslrwnrnt. or~ l~wl Itieq senraj~y a~~enouaed9?d f\PfUI1n(~ I~P :omr. in (~N jNrNnK O~ tuo subxri6inp u+lnessrs.
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~ret~p aru~ tw~u~lari~y u~u~er oultidily ~u~q rrsfvd in I~rtm 6y sai~~ co?purafion and f~al Itie sral ~~~~..d ~h~nrfo is Itie fru< <orporatt sva~ o~
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~ ~W~ lO/~1fXU~10I1. =~i
~ 22nd aa
~ ~VRi1EcS my 6and and oj~ida~ tta~ in Il~e County and State 1mt o~orrwid t1~is Y~ `july
A. f). 19 74 • . ' ~
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J 7HR'~ G~E HARRY ~ Cp RA~ ot~ p.N.
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