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that, unless the context otherwise specifies or requires,
the following terms shall have the meanings herein speci-
f ied, such definitions to be applicable equally to the
singular and plural forms of such tenas:
Banker's Mort a e: the mortgage defined as such
in the PreTi~nary tatement, as the same may be amended or
modified from time to time.
Club Facilities: the recreational facilities to
be constructe on the Recreational Parcel in accordance with
the Preliminary Site Plans.
Construction Lender: any bank, savings institu-
tion, trust company, national banking association, insurance
company, pension trust, real estate investment trust,
mortgage banker, mortgage broker or other institutional
lender in the business_of making construction loans which
loans money to Developer to f finance the construction of the
Improvements, excluding any such lender affiliated with
Developer.
Collateral Mort a e: the mortgage defined as
such in the Pre iminary Statement.
Construction Mortgage: any' mortgage given to a
Construction Lender to secure advances made to Developer to
finance the construction of the Improvements.
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Costa Znc.: the party def fined as such in the
• first paragrap o t is Restated Mortgage, together with any
successor thereto by way of merger, consolidation or
acquisition of all or substantially all of its assets.
~ Costas: the parties defined as such in the first
paragraph this Restated Mortgage, together with their
respective heirs, executors, administrators and assigns.
Develo er: the party defined as such in the
first paragraph o this Restated Mortgage, together with any
successor or successors to its right, title and interest in
the Mortgaged Property, including at any time after the date
hereof, the then owner of the fee of the Premises or the
Improvements.
Events of Default: the events and circumstances
described as such n Section 6.01 hereof.
Fort Pierce Mort a e: the mortgage defined as
such in t e Pre urinary tatement, as the same may be
modified or amended from time to time.
Full Insurable Value: actual replacement cost,
including cost o e ris removal, but not including costs of
i soil tests, trenches, foundations and other improvements
~ below ground which are not ordinarily insurable.
Im rovements:: the residential structures or
buildings the Chub Facilities, the Sewer Plant and all
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X342 P~E1673