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or not Lakeview shall have paid any portion thereof. The term
"current interest payment" as used fn this paragraph shall not
include the six month interest covered by the guarantees as
specified in paragraph 9 of the modification and extension of
promissory note of even 'date herewith; a default in the payment
-of any portion of such six month interest shall be deemed a
default under the Lakeview Mortgage and the Oceanview Mortgage.
Any and all defaults under the Lakeview mortgage shall be
and constitute a default under the Oceanview mortgage. The
I failure of Oceanview to comply with the representations and
warranties contained in Paragraphs 5(c) and 6(d) above shall
constitute a default (a "utility default") under the Lakeview
E mortgage as well as under the Oceanview mortgage. A default
under the Oceanview mortgage, except for a utility default,
shall not be deemed a default under the Lakeview mortgage
provided, Bankers shall obtain from Oceanview a satisfacory
deed conveying to Bankers or its designee all Oceanview's
right, title and interest in and to the Oceanview Property and
a release of any claims whatsoever against Bankers, together
with an owner's title insurance commitment (with premiums
prepaid) issued by a title company satisfactory to Bankers
indicating fee ownership in Bankers or such designee and
showing only such exceptions to title which now are shown in
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~8K342 Pa~E1`766
M["SMON, SAWrER, JONNBTON, OYNWODY i COL[, Id00 SOUTHEAST /IRST NATIONAL SANK oU1lDIN0, MIAMI, /IORIOA »I~I