The URL can be used to link to this page

Home My WebLink About1077 (ii) in the case of the Mortgagor, addresse~3 t-~: Mr. Pr imo Di Luca Weston-Florida Development Corpordtion 618 U. S. Highway No. 1, Third Floor Aorth Palm 3eacll, Florida 33408 with a copy to: Bennett S. c:ohn, ~sq. 37G7 Lake Worth Raad Suite 100 Lake Worth, F'lorida 33461 Any notice given in accordance with the provisions o£ this paragraph shall be deemed to be effective, if delivered, ot~ the date of such delivery, o r, if mailed, upon the ~eventl~ day next following the date of mailing of such notice, Each party r.~ay give notice to the other party of a change of its address for the purposes of giving notice under this section which thereafter, usi- til changed by like notice, shall be the address of such party for all purposes of this Mortgage. Section 3.10. hlortgagor agrees to pay all and sir~~ular the costs, charges, expenses, including attorneys' fees, reason- ably incurred or paid at any time by the t4ortgagee because af the failure of the hbrtgagor to perform, comply with and abic3e by eacn and every of the stipulations, agreements, conditions an~ coE~e- nants contained herein and in the Loan Agreement, Note ai~~ other security agreements mentioned herein. Section 3.11. All of the ~raiits, covenan~s, tzr:,~s, ;~ro- visions and conditions herein shall.run with the land anc: sha3l apply to, bind and inure to the benefit of the successors ans assigns of hbrtgagor and the successors and assigns of ~k~rtgu~j~~. Section 3.12. ~,lhenever the text in this instruinent so requires, the use of any gender shall be deemed to include all genders, and ~.he use of the singular shall include the plural. Section 3.13. This hbrtgage may be exec~ted iT: uny n~r,~- ber of duplicate originals, and each of said duplicates silall for all purposes be deemed to be an original; and all of s~lch r3~r,li- cates shall together constitute but one and the same ~ortga~e. Section 3.14. Upon request of Nfortgagor, t~fortg~Jee r,~ay, at its sole option, from time to time before full payrnent ~f all indebte~ness secured hereby, but in no event more than twe~ity ("lU) years from the date of this Mc~rtgage, inak~e further advances ~`~ Nbrtgagor; provided, however, that the total principal secure~ ?~ereby and remaining unpaid, including any such advances, shall not at any time exceed the principal sum of NINE tdILLIG:~ JOLI.~1R5 (U. S. $9, 000, 000. 00) . If so reyuested by i,ortgagee, :~..:rtgagar shall execute and~deliver to Mo"rt9agee a note evidencing eacY~ c,:.c3 every such further advance which Mortgagee may :~:ake, Guch r.~te F~ be payadle on or before maturity of the indebtedness secured hereby and to contain such terms as Mortgayee shall r2yu:.re. Mortgayor sha~l pay all such further.a3vances with interest, and the same, and each note evidenciny the same, shall be secur.ad hereby. All provisions of this Mortqae~e sha? ! a~~Y~y to ea~h fvrther advance as wzll as to all other indebtedne~s secure~i hereby. I~othing herein containe3, however, ~ i~~i~ limit the amo::~it secured by this Mortga~e if such ar.tount is increnszd 'ny acivances made by t~brtgagee, as herein elsewhere providec; ~:.~ tn pr~te.:t tre security. The wr~rc3 "Mortgayor" , as usad in this F~ar~igragh. in- -~5- ~~;~Y346 ~~~~~p~