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Mortgagor to Mortgagee in cash of the amount or amounts provided
in the Construction Loan Agreement for such 'release.
Twelfth: FUTURE ADVANCES: This Mortgage shall secure `
not only advances made this date by Mortgagee to Mortgagor, but
shall likewise secure all future advances made by Mortgagee to
Mortgagor within three (3~ years from the date~hereof, whether •
obligatory or otherwise, to the same extent as though such future
advances were made on the date of recordation of this Mortgage;
.;
but such secured indebtedness shall not at any time exceed-Nine ~
~
Million Seven Aundred Twenty Five Thousand Dollars ($9,725,000),
plus interest thereon, attorney's fees and court costs.
•ARTICLE IV
PRaVIDED, ALWAYS, nevertheless, and it is the true
intent and meaning of the parties to these Presents, that if the
said Mortgagor does and shall well and truly pay or cause to be
paid unto the said Mortgagee, its successors or assigns, the debt
or sum of money aforesaid with interest thereon, if any be due
according to the true intent and meaning of the Note, and any and
a11 other sums which may become due and payable hereunder and/or
under the Construction Loan Agreement, the estate hereby granted
shall cease, determine and be utterly null and void; otherwise to
remain in full force and virtue.
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