HomeMy WebLinkAbout2212a{q~ly +u~•h n~nls. iti.u.h :~nd pn~iita r~•eivi~l hy it un ~he i--d~•bt~rlnc•sv u~•un~cl hemhy in su~•h o~d~•~ :~s 111urIK:~K~r~ d~•trr
~niu~~s. '1'he riKht tu .•nt~•r and t:~k~~ {x~,,u<c,iun ol ih~~ A1urIK;~Ke~1 Yn,~x•~ty. ~o m:~n.~~;~• :u~d o~x•r:~t~• Ihi• wun~•, :u~d ~o ~•olir~•t
lhe mnis, is+u~s and pn~lUs lhen~-f, w•hi•th~•r by :~ nY~eivi~~ or othe•rwi~cc*. sh.~ll IK~ ~•umulativ~• tu :iny uthrr riKht ur n•m~~1y
h~•n•w~d~~r ur :~(tord~Kt by I:~w, :~nd m<~y I~r ~~xen•isrd ~wncurn•ndy themN•ith or ind~•{x•nd~•nlly thi•ny~t. 111orIK:~Kr~~ +h:~ll
IK• liable to :~i•cuunl only lur su~~h n•nts, iatiu~w and pmtits a~•IuaNv rcrri~•~v1 by A1urtKaK~ti•.
14. It th~~ indebt~rln~~c. .~Y•unvl h~~mby iw nuw or hi•n.~fte~ (orth~•r s.KVmd hy ~•hatlel mortKaKc•s. ~ti•urit~~ int~•m.t~,
fin:~ncinK st:~l~~ment+, plcvlK~w, cuntra~•f!~ u( Ku:~runly. us..i~;n~n~•ntti of 1~•uw•s, or othc•r uYVrit~rs, ur if fhe Atorlg:~~;~K1 1'r~--
~H•rl}• hemby en~•iunix•ntil ~•onsisis ul u~om Ih:~n un~~ ~u~n•el ot m:~l ~-ro~x•rty, Morlg.~Kiti• m:~y .d it~ uption ~•xh:~ust :~ny un~•
ur niom ot s:~i~l uvuriti~w :~n:l u~•uri~y hemund~~r. or ~u~•h ~-:~rc~•Is ot th~• sM~urity hemund~r, i•ither ~•un~•urn•~tly or ind~•
~K•nd~•ntly. .~nd in sui•h ord~~r as il m:~y drtc•~mi~~•.
15. 'I'his MortKa~;e shall .~Y•un~ not only NxistinK indebtecl~ir:+s, bul alw sui•h (utum :~d~.~nces, N•helh~•r surh :~~h:~n~•~~
:~n• ubliK.dory or to IK~ m:~de .d th~~ optiun of A1~~r1KaK~ti•, u~ oth~nvise. :~s am mude within tH•~•ntp 1:.~0) y~•ars trom th~• dali•
he~~wf, to the s:~me ~•xtent .~s if su~•h tutun• :III\':IIIIY`ti W/•m n-:~d~• on thc• date nt thi• ~•xzY•utiun of this 211orIKaK~~, but su~•h
s~ti•unY) indi•I~t~rlm~+s shall nol excc~K1 .~t any time the maximum princip:d amuunt of $ n~a
plus iMemst. :~ud any disbursements madc tor the ~r,~ym~~nt ut l.~x~•s, le~•ics, or insurun~•e, on Ih~• Mor1~;aK~Y1 I'ru~x•ny. with
~nti•mst un su~•h dishur~m~cots. Any such (utum adv:ux•i~s, w•h~•thi•r ubiiKatory ur lo IK• m.id~• al thi~ option uf th~• A1orIK:~k~r•.
ur othc~rwiu•, may IK~ madi• either prior to ur after thr du~• d:~te of Ihe Not~• or :~oy ulhi~r nut~•s s~r•unyl I~v this \1+~r1~;:~~~•.
This A1oriK:~Ke is Ki~~en tor the s~x~•i(ic pur~x-u• uf seyurinR :m>• :~nd :~11 ind~•htcYlncxc hy the M~~rtkaKoi tu AturtRa~;i~i~ Ihut
in nu ~•~•ent .hall the u~•unrl inJehlednet+ ~•xi•cc~cl at :~ny tinu~ Iht• m:+ximum prin~•ipul amuunt u•t iorth in thiti ~-ara~;r.~~,t-~ in
~•h.~te~~er manner this ind~•bt~ylnrss may IK Nvidi•n~•~d ur re~-n•.~•n~.tii, until this A1ort~;aK~• i~ .:+tis(i~~c) of n~•urd. Al) ~•u~~•n-
ants :~nd :~gnY•m~•nls ~•u~~ain~~l in this ~1ortK:~k~• shall tK• a~~pli~ :~hl~• to all iurthe•r adv:~n~•~•s m:id~• b}• ~1urtKa~;~y tu
~turtKaKor under lhis tutun• :~d~•:~n~r ~•I:ws~~.
lti. No d~~lay hy lllortgak~~ in exi~n•isinK :u-y rikM ur m~mrly h~•mund~•r. ~~r oth~•rwix• a(furd~rl by I:~w, shaU u~x•r:~1~•
a. a~~•ai~~~~r th~v~ti-f or pn~•lude the ~~xc•rci.~• th~•ny~f durinK Ih~• ~•ontinuan~•~• o( :uiy di•f:~idt hc•n•und~~r. No w:~i~~•r b~.
~1urf~;aK~Y• ot :~ny detault sh:Jl iY~nstit~te :~ w:~iver ut or ~•onsc•nt tu sul~u~~ueut det:iults. No t:iilun• uf 111urtK:~K~ti• tu ~~x~•r~•iti.•
:uw uption hemin gi~•a•n to ac~•elerate m:durity of thr d~•ht hemby scrumd. no tortx•ar:~n~•c• i-y ~for~~;:~K~Y• IKdun• ur :dl~~r th~•
~•x~•n•i+u~ u( su. h uption and no withdr.~w-al or :~tw~ndu~un~•nt o( lony•lusur~• pnN•~y~ciinK by l~torl~:~Ka•e sh:~ll IK~ taki•n or ~•un-
stru~d :-s a H~:~i~•i~r of its riRht to i~xen•ise su~•h optinn or to a~•c~l~•r.de• th~~ m:~turity of the debt hi~reby ..vun~1 hy m:~~un ~~t
:~ny p:lst. pn•sent or lutun• d~•(aul! un the ~~:~rt ot !~1ortK:~{;ur. :u~d, in lik~• m:~nn~•r, Ihi• ~irrx•un•ment of insur:~m•~• or Ihc~ ~-:~y-
~n~•~t uf t:~r~~ ur oth~•r lii•ns nr ~•har~;~s I~y \1ort~;:~R~y .h:~ll not IK~ t:~k~~n ur cunstru~•d :~~ :~ µ~:~i~~~•r ot itv rikhl tu :u ~•~•I~~r:~li•
Ih~• n~:~turitv ul Ih~~ d~•ht h~~ml~v .~r•until.
17. ~~`ithuut a(fe-~•tinK !he• liahility ut AtortKu~;ur ur any uther ~K~nun Ii~x~•e~H any ~K•non i•x{-n•ssly rele:~:K~1 ~n wntin~l
ior ~r.~~•m~•nl u( anp indt•hliyln~~~c sw•unyl hrreby ur fur ~N~rfunnani•e u: any uhliKation ~•ont:~ini•d h~•min.:~nd ~~ilhuut :~Itw•t-
inK thi• ri~;hts uf ~torlkaK~r ~+•ith rrs~H~~•t tu :~ny uy~urity n~~t ~•x}sn:++ly ml~•:~u~l in writink. Alortka{~~~~• mv~'. :d any lim~• and
from tinx• tu tinx•, ~•ithi•r IK•fure or atlrr th~• m:Nuritp o( .:~id nuti~. and•wi(hnit~ n~di~•~• ur runs~•nt:
la) Iti~li:~su~ am• ~N•nun liahl~• tor ~r:n~mt•nt n( all nr an~~ part ~d th~• ind~•I:twin~•:s ur fur ~N•rlorman~•.• ol :~nv ubliKaUun.
11~1 ~1:~kt• anv :~Kny~m~•nt ~•xt~•nd~nK thi• tim.• ur uthi•ruiur alt~~nn{; Ih~• '~•rms of ~r.~ym~•nt u( .~U ur s~ny p:~rt ~~( thi•
in~IchhKlrx•kti, ur traKlifyiny; or wai~~nk :ury nbliK:~fion, ur sulw~rrlin:~t~nk, ~n~Nlif~•inK ur oth~~rwiu~ de:~linK H~ilh fhe lii~n ur
.•h:~r~;~~ h~•n~~f
1~•1 P:xen•is~r ur refr:~in Irom ••x~•n•~sinK ur ~:~i~~• :in~• riKht ~tort~;:~~;~•~• rn:~~• t-:~.~~
Id1 A~•~•~•pt addiUun:il ,~r•ur~t}• o( :~ny kind.
l~~1 li~•It:~w~ ur uthc~nvisr d~:~l with :~ny ~~mperh•. n:~l ur ~K~rs~mal. u~~•urinK th~• indc~bl~•dm~.s. ini•ludint; :~II ~~r:~ny ~-:~rt
of tht• ~lortkakial F'ruEN•rty.
ltt. Any aKreym~•nt h~~n•:dt~•r m:ul~• h~- ~1~~rlkaK~~r :~nd \tort~;:~~;r~• ~~ur~u:~nt tu th~. morl~;a~;i' .h.III IM` ~U~N•riur t~~ th~•
nt;hlc u( th~~ hold~~r of :u~ti• inli•r.~•n~nK I~~~n or i~n~•umhr.~n~•~•.
14. A1orlKakur h~•rebv w:u~~•s all nKht u( hunx•st~:~i1 ~•x~•mpti~~n. i( :~ny. ~n th~• ~lart~;a};~yl {'ru~N~rt}~
-:.~I). In the i•~~~nt o( ~ ond~~nination pru~~~Y•dinks uf thf~ \tart~;:~k~•d Pr~~~K•rly. th~~ :~~c:~rd ur .•orn~K•n.;itiun ~r.~y:~Ll~• th~•n•-
und~•r ~; hrn•h~• :~c,i~;m~c1 to :~nd vh:ill Ix• ~~:~id tu \lurt~;:~~;tr•. 11~~rtkakcr• .h:~ll tw• u~:d~•r no ubliKatinn tu qu~•slion the amuunt
i~f an~~ tiu~•h aw:~n1 iir com~K•n~ation and m:~y a~•~•e~d the• s:~m~• in the :~mount in ..hi~•h thF~ s:~~n~~ shall IM p:~id In :~m• su~~h
~•nnJ~~mnatiun pr~x•i•i•din~;s. ~tort!~a~;~•i• mn~• fK• n•pn•:t~nt~~d hv ~•~~unsi•1 w~l~•i•twl h~~ ~lorlk:~g.r•. 'I~hr ~~nn~~•e~l~ r~f :~n}• :~ward
ur ~•nm~«•~~.:~tiun su rt•~•~~i~iY1 ~h:~ll. at th~• uption ul Alortk:~~;~~i~. ~•ith~•r I~ :q~Eilic~d lu th~~ ~~mpaymt•nt ~~f th~• \uti~ :~nd ad th~•
r.N~~ ul inti•n•st pn~ci~leY1 thrn•~n. mK:~rdl~•.. ut Ih~• r.it~• ul intt•n~.t pa>:~hle• un th~• :~~~ard hy thc• rond~•mninK authr~nh~. ur :~t
th~~ u~diun of ~1nrt~;:~R~K•. su~•h :+~:ud ,hall i~~ ~~:ud ~~ci•r tu \1nrf~;:~k~~r lor n•~toralion of thi~ \inrtRn{;~~d 1'ru~H•rfy.
'll. ll ~lurtk:~~;~~i•. pursuant 1~~:~ ~•~~n,tru~~tiun I~r.ui :~xn~•nu•nt nr I~~an iummitmrnt made• by 11~rrtR:~~;~r• ~+~th \lortk:wur.
:~Krv~~s to mak~• ~•onsUu~•tiun lu:~n :u1~:~n~~~•. up tu th~• prin~•iEr:d :unuunt ~~( thf• \~~tt•. th~~n \1urtKaKur ht mb~• ~•oc~•n:~nts that il
will cu~nph• ~~'ith all ~~f thr t~~rro:, pr~i~~.~~~n. and ~~u~t~nant~ ul ~:ud ~~uu:tru~•tiun I~r.~n :~en~•mt•nt or lu:~n rommitm~~nt. ~'dl
d+li~;~•ntly runstruct th~• ~rn~iro~rrn~~nts to IK• hwlt ~~ursu:~nt tu thr t~•rm. tht~n•of, all uf thf~ ter~ns themof whie•h an• ~n-
~•nryNrr.~t.~cl herein b}• n•ti•n•n~~~• a~ thuuy;h .~•t lurth lalh• h~•n•in :~nd N7II ~MrmU nu di~t:~ults tu ~N•~•ur th~•n•und~•r and d a dr-
L•~ult shall ~N-~•ur thF•n•und~~r. it .h:~ll ~'un+Uhi~~• :~ ili•t:~ult undi~r thiti A1ort;;aKt~ an~1 th~~ \utr
`'Y. A~ th~• opti~~n of ~1ur1k:~R~'~'. ~I~~ft~~:~~:~~r ~h:~ll ~~ruvi~lf~ \1~irt~;:~~;~~~~ w•ith EN~ri~Nli~• ~rrhli~~d auditr~rl .tat~•m~•nts ~~t Ih~~
f~n:im•c~l ~•~~nditi~~n nl ~1~~rt{;:~ki~r.
•~:{ ~lurt;;:i~:~~r re~~~rr:rnt. .~nd ti~:~rr.~nt: thaf il a„~r~~ur.~ti~~n. ~t i~ ~luh~ or~;an~z~~d :~nd ~:~t~dh~ ~•x~.tink. ~n F;INH1 .t:~nd-
ink und~~r th~~ 1:~«. nl th~• .t:N~• ~d i+. im nr~N~r.~tir~n. h:~r ~t~N•k nut~t:uidinR ~h~~•h ha~ IH•~•n dul~- :~nd c:d~dl~• is.u~•d. :~nd ~s
qu:~l~(ii•d tu d~~ hu.in~•..:~n~1 ~. in };INNI .t:~nd~n}; in Ih~• tit:~t~• uf F lond:l. H'1~I1 ~UII FN/NY'r :ind authunt~~ tu ~•~~n.~un~n:~t~• th~•
In:~n i•unt~•mid:~li•d hrn•h~•: and. if a~~artni•nhi~~, ~t i. duh~ hmn~~l :u~d cahdlc f•xisUn#;, :~nd is (ulh~ quahfi~•~! t~~ di~ hua~n~•~s
in th~• tit:~te• u~ Flund:l. NIIII ~UII ~M~N'Pr and :u~th~~ritp to ~-i~nsumncdi• th~~ In:~n r~~nlt~mplatwi h~•mby~.
'l•1. In thr ~•~~•nt :~nc ~~n~~ ~~r murv ~~t the pro~~s~uns'~•unlaim~d ~n this ~lort~;:~~;t• or in th~• Not~~ sh:iU (or any r~:~sun
{~• h~•1~1 t~r la• im:~lid. ~II~~K:~I or uni•ufon•~•:~hl~• in an~ n•~~~~~~~t. su~•h inv:~liJity~. illr~;:ilit~~ ~~r tu~i•nlun ~~:~hhty ~h:~ll. :~' th~•
u{~t~~~n nl th~• \l~~rty;.i~;~•~•. n~~t a~l~~~~l :u-~' othi~r ~~rmi~i~~ns nl th~ti ~1~rt~;:~i:i'. hul fhi~ 11ort~;:~~;i• tih:il) tw~ ~•on~trui~l :~~ ~I su~•h
im:~l~~l. ~Ili•~:J nr uu~•nlur~i•.~hl~• ~,ru~i.~on h,~d n~•~~•r IK~i~n ~•~~ntaini•d hiv~~~n ~~r th~~min. "I~hi• tulal intt•rest ~r.~y:~lrl~~ ~wrauanl
t~~ th~• \ut~~ ur this ~1~~rt~;a~;~• xh:~ll nnt ~n am• ~~n~~ ~~•nr ~•r~ ~•~~~i th.• hi~:h~•,t I:~~cful r.de ~~( inti•n~~l in the Stat~• ~~! Florida
Y:r. '1'iii~ ~•u~~•n:uits and aKre~~n~~•nt~ h~•n•~n ~•unt:~in~~1 ~h:ill Lind :u~d thi• IKVU•I~t. :~nd :~d~:~nt:~k~•s sh:dl ~nun• t~~ th~•
n•.~n~rti~~~ h~~irs, ~•x~~~•utor., :i~lmini.tr.~t~~r~. ~u~~~~•s..~~r., and :i:siKns n( thi• ~r.~rt~~r h~•ndu. ~~'hen•~~~~r uwYl, th~• sinKular
nund~•r ~h:ill tn~~ludr Ihi• plural. th~• ~~lur.~l Ih~• ~~ny:ul:~r. :uul Ihi• u.~• ~~f :~m~ K~•nd~~r .h:~ll IK• :~~q~h~:~hli~ tn all K~mdi•r~. rVl
~•u~i•n:~nts, akr~r•nu~nts :~nd und~•rt:~kin~:s ~hall I~• jo~nt :~nd .~•~i•r.~l In th~• i•~~•nt add~finn:~l nurnlK~n~l ~•~-~~~nanfs or para-
~;ra~~hs :~re~ tnr r~~m~•nu~n~•~• in~•rt~d in this ~1~~r1~:nR~~. ~u~•h :ui:li!i~~n:~l ~~~~i~n:~n~. .hall tx• n•ad :ind -;~~~n c•tf~~~•t a~ th~-uQh
(ollow~iny; thi> ~•:~~~•nant in ~ ~~n.e~vti~~• nrd~~r
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