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at the option of mortgagor, execute and deliver to mortgagor
an assignment or satisfaction of such First Mortgage together
with an assignment or satisfaction of tai
s mortgage, all taxes
and expenses (including mortgagee's reasonable counsel fees)
in connection therewith to be .paid by mortgagor.
10. That the mortgagor shall furnish to the mortgagee promptly
copies of all notices of default which the holder of the
First Mortgage shall give to mortgagor, or which the mortgagor
shall give to or receive from tenants of the premises or any
part or parts thereof based upon the occurrence~or alleged
occurence, of any default or defaults i_n the performance of
leases of space tentants occupying any portion of .the premises.
11. Mortgagor shall have the right to .prepay the .whole or any part
of the unpaid balance of the indebtedness hereunder at any
time without penalty. Any partial prepayment shall be applied
against the unpaid principal installments of the Note secured
hereby in inverse order of maturity. In the event mortgagor
.wishes to prepay the whole of the unpaid principal balance of
the indebtedness hereunder, the amount to be paid by mortgagor
shall be that amount determined by deducting from the
$ 250,000.00 original principal indebtedness of mortgagor
herein the aggregate of the following:
(1) The aggregate of all payments credited on account of
principal because of payments made by mortgagor hereunder
in amortization of said original principal indebtedness
to the date of such prepayment and
(2) The aggregate amount, if any, by which said original
principal indebtedness hereunder has been reduced by mort-
gagor's applying insurance proceeds and/or condemnation
award proceeds in reduction of said principal-indebtedness;
and
(3) That amount computed by deducting from $ 83,774.99
(the present total bf the unpaid principal balance under
the First Mortgage) the aggregate sum of all payments
crediteT don accounts of principal due under said First
Mortgage because of payments made by mortgagor hereunder
in amortization of the unpaid principal balance of said
j First Mortgage.
IN WITNESS WHEREOF, the said mortgagor and mortgagee have
hereunto signed and sealed these presents the day and year first
above written.
Signed, sealed and delivered
in the presence of:
~ y
~ PHIL P B. AHN
C..~c ~
J. AHN
/_~~L (/l ~
H. ESE
IRENE H. REESE _ f
E
~ STATE OF FLORIDA
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an officer
deuly authorized in the State aforesaid and in the County"aforesaid
to take acknowledgments, personally appeared PHILIP B. AHN and
FEE. KOBLEGARD & TEEL. P. A.
wTTORHErs wT u?w
t, POST OFFICE BOX 1000 Page 3
FORT PIERCE. FLORIDA 83480 ~1A~ _ ~ ~ `
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