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under the Note have been accelerated and Liberty is entitled to payment
in full of all principal and interest due under the Note and to immediate _
foreclosure of its Mortgage and Security Agreement.
The Mortgage attached to the Complaint herein as Exhibit 6 is a valid
first lien on the real property and personal property described therein
and the Mortgaae attached to the original Complaint as Exhibit B and the
Security Agreement attached to the Complaint as Exhibit I constitute a
valid first lien in favor of the Plaintiff on all personal property
located on the premises described in the Mortgage or used in connection
with the motel operation thereon.
The Defendant, ST. LUCIE ENTERPRISES, INC., as maker of the Note
has a primary obligation on said Note and has no defense to such obliga-
tion. The Defendants, ASSOCIATED INNS, INC., ESCAMBIA INNS OF DOTNAN, INC.,
SANTA ROSA INNS, INC., ESCAMBIA INNS, INC., and ETOWAH Et~TERPP.ISES, INC.,
are bound by their Unconditional Guaranty attached to the Complaint as
Exhibit K and are liab]e according to the terms thereof should such be
deemed proper in the event of foreclosure and sale of the property des-
cribed in the Mortgage (Exhibit B to the Complaint).
The amounts presently due and owing pursuant to the terms of the
Promissory Note and Mortgage attached to the Complaint herein are as
fol 1 ows
Principal
' Interest to 12-01-78
Costs Expended in Collection and
Foreclosure
Attorney's Fees expended or incurred in
collection and foreclosure
Total Due as of 12-01-78
Daily Interest Rate
3. 4lork-Out Arrangement. Liberty, Bears Nest, George A. Costa and
Lucille V. Costa have entered into a Forebearance Agreement which is
attached hereto as Exhibit A and made apart hereof by reference. Payment
and performance under said Forebearance Agreement has been specifically
guaranteed by George A. Costa and Lucille V. Costa by execution of an
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