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HomeMy WebLinkAbout2224~ , ~ . . ~1 :qq-ly xu~~h n•i~ls, ~~,u~:. :~nd protitx nreiv~vl by it on thc~ ind~~bt~~cln~~.v wr•unK1 hc~n•I~~r in xu~•h urd~•~ :~. 111yrtK:~Kw• d~•t~•~- minrx. '1'h~• riKh1 tu ~•nlrr :~nd tak~ ~N).SN•..iun ut Ihe MuriK:~K~v1 Hru~N~rly, lu m:~na~;~• :~nd o~x•r:~li• Ih~• x:~mi•. and lu ~~oU~Y~I 1h~ n•nt~, i~~u~~ss :~nd prolits Ih~•n•u(. H~h.•th~~r I~v .~ nK•~•iver ur oth~•rwis~•, sh:~ll IK• ~•u~~wlutiv~• to uny oth~•r riKM ur n•rnwfy hi~n•und~•~ or affurd~~i hy luw, a~id m:~y !K• ~~x~•n•is~~cl i•unru~mntly thc~n•with or ind~•{x•odi~~~Uy th~~n~,t. Mo~IKagi~~ shall IK li:~bl~• !o .~~ruunt unly (or ,u~•h n•nt~, is.,u~~s :u~d pn-Gts ai•tu:illy nti•ei~•~rl hy AturtKaK~r•. l4. lf th~~ indebtivin~~s,~c s~ti•unrl h~~mby i+ nuw• or h~•n•aRer (urth~•r uti•unK1 I~v ~•haU~•1 ~nurt~;:~~;~•., u~•urity intenwts, hnan~•ing sl:~ti•~n~~nts, pl~YlK~~c, ~•onlr.u•!s uf ~uannly, a:.il:nmi•nts uf (~•uu•s, or other s~vuriliec, or i( !hr AturlKaR~~) Pm- ~x•rt~• hemby ~•n~•umiK•n~cl ~•unsisls u( mun• lhan une ~~:~r~•~~) ut m:d p~u~x•rly, Aturlgag~v~ m:ry :d itv uptiun i•zh:~ust :~ny unr or ~nom o( s:~id uti•uriii~~+ and xr•urilv hi•mund~~r, or w~•h {~;~nrls uf lhe s~ti•urity h~~n•und~r, i•ith~~r cu~~•urmntly or ind~•- ~x•nde~dlv. :~nd in such nrdt•r :~s it muy deter~nin~• - 1.5. 7'his 1~1or1~;aK~• sh:~ll u~•un• not unly existinK ind~~ht~~lmws, bui :~Iso .u~•h tutum .~dvam•~~, w~h~•thi•r ~u~•h udv:-n~•rs am obliK.dury ur tu IK~ inude :~t Ih~• uplion o! \1urtKaK~~~, ur olherNi.e,_ as :~n• made ~aithin tw~•nly t20) y~:~rs Irum th~• d:~t~• htnr-(. tu the ,;~me i•zl~•nt :~+ i( sui•h tuturc ad~•:u~~•~~s w~•m m:~d~~ un th~• datr uf thi• i~xc~•ulion u( Ihis Mor1K:~k~•, but su+•h s~vunvl ind~•61~~cInrU shall not exc~~~l at any tim~• lh~ m:uimum prini•ipal amuunt o( $ n/a plus int~•n•st. and any disbur.cm~•nls made (ur thi• ~~~ymi•nl ut I:ix.w, t~~vi~•K, ur iu.ur.~n~•~•. un th~• Mort~;:~~;rd P~u~w•rt>•, with inf~•r~•sl un su~•h disbur~~mruts. Any sui•h tutum :id~:~n~~rs, whi•th~•r obligatory r~r to IK ~nad~• :~I th~• u~Hion uf thr 114urtK:~Ki~~. ur othc~rw•ix~, nu~~• iM ~n:~d~~ ~•iUu•r ~-riur lo ur aftrr th~• dui• datr ut ;hi• Nol~~ ur .~ny uthcr noti•. uv~un•d by this l~lurl~;ak~~. '1'his A1ort~:~Ke is Ki~~en for the ti~x~i•i(ic ~iuryx„~• ul u•i•urinY any and :ill ind~•hl~~ln~~~c hy Ih~ :~tort~;a{;or tu ;11urt~:~k~ti• lbut in nu i•v~~nt .hall th~•.iti•unyl indebtMlneti. i•r~•~~K1 at any t~m~~ th~• n~:~ximum prin~•i~r.~l amuunt ,~•1 turth in this ~-:~r:+i;nphl ~n ~rhale~~i•r ma~nn~~~ this ind~~bt~~ini•s~ ne~y IK• i•vidi•m•wl ur n•pn~.i•n1~Y1, un1i1 this \lurt{;aK~• ~x s:~lis(~wl ut nti•urd. r111 i•u~i•~~ :~nt~ :u~d aKn•~•m~•ntx ~•ont:~in~v! ~n Ihis \lurt-::V;~• shaU tN• :~p~,li~•:i!~I~• 1~~ :~II (urth~•r :~dv:~n~•rs ~n:id~• bv \1~~r1~:~~;w• t~~ \1ortK:~~;or undi~r Ihi~ lulum :~dc:~nci• ~•laus.•. lii. No del,~y hy A1ortKaKiY~ in ~•xiv~•isin-; any rikhl ur mmwh• h~•n•und~•r. ur ulhrnnix• :~~i~~«i~~i ~~>~ iaw, shall u~K~r.-tr a. :i w:~i~•i~r then~~f .~r pnti•lude th~• ~•x~•n•iu• thi•r~~~f duriu~; th~• .•untinu:uu•~~ ot :uey default hrn•und~•r. ~:o w:~i~~•r h~. \lurtkaK~~~ uf :~ny d~•L•u~lt shall ~y~nstitut~~ a w:iivi~r ut or i•unsent tu sul~u~~urn! dcfaults. N~~ (:~ilun• of ~1ort~;:~R~r• lu ~•Y~•n•~w• :~ny optiun herein ~;i~~~•n to :~~r~•k~r:de m:~turity n( thi~ d~•bt h~•n•by ..Y•unvl. ~~u IorIM•:~r:~n~•~~ by \1urtK:~~;~•~• IK•fum ur :~U~•r th~• e~x~•rci+~• u( su~•h uptiun :~nd nu w•ithdra~~al ur aband~~nm~~nt uf fon•~•lu,um pr~N-~~.~linK by A1ortKaK~~• s1~:J1 !~• tak~•n ur ~•un- .Iru~d as a w•ai~~~r u( ~ts ri~;ht to ~~Y~•n•is~ su~•h o~Nion or lo ari•~•li•r:di• th~~ mnlurily ~f Ih~• deby h~•mb~• ,ivurwl by n:~~un ol :~ny p:~vt. ~~n•si•nt or tutum d~•(auU un th~• ~-:~rt o( ~turtkaRor: :~ncl, in Gk~• manni•r, N-~~ ~~rM•umm~~nt u( ~nsuran~•~• ur Ih~• ~~:~y- m~~nt ot lux~•s or othi•r lii•ns or ~•h:~rK~w hy ;1lurtk:~k~r~ .h:~ll n~~t Iw• tak~•n ur ~•un.tru~vl as :~ w•ai~~•r ~~( ils nkht to :u~~~~•1~•r.~l~~ fhc~ matufitv ut th~~ d~•Lt h~~mb~• vY•uri~d. 17. ~~'ithuut Y~~EY'~Ipr, ~IIP li:~h~lity ul Alortka-;ur ur any uth~~r ~x•rsun ~~•x~•~•~~t ao~• ~N•r~m i•~:~~rc~.ly rvl~':IWYI ~n wnt~nKl tor p:~~•m~•nt of any ind~•htwlni~:~ s~~•unY1 hrmbp ~~r Inr ~x•rlurtn:~n~•~• u( :~m• uhli~;:~liun ~•nnlain~Yl h~•n•~n. :~nd ~~ithuut :~Ile•~~t in~; th~• nKhts uf ~f+~rtk:~K~•~~ w~lh n•s~x•~•f tu am• .~•~~urity nut ~•aprt~..l~~ n•li~:+url in wrihnK. ~1urtKa~;~~~~ ma>~. :~t :~ny t~nir :u~d In~m tinu~ to tinu~. ~•ifh~•r Iw~(um ur att~•r fhr ma!unLy u( s:~id nut~~. :uid withoid nutic~• ur ~•unw~nl: 1:~1 Ri~l~•a.i~ :~n~• (H•r.un Ii:~LI~• tor Er.~~•m~~nt ~~( :~II ~~r :+m~ ~~:~rt uf Ih~~ ind~•ht~>dn~~:s ~~r fur ~N•rlnrm:in~•~• ~~t :~nv uhliK:di+:n Ibl 1~1ak~~ :~nv :~Krw•m~•nt t~xti•ndinK th~• Um~• or oth~•n~ivi• :~It~~nn{~ ih~• t~•rms ur ~-:~ym~•nl o( :~I) or :~ny ~~:~rt ~~1 th~~ ~n~1~~bt~Yine~s. nr m~rfifvinK or w.~i~u~k anv ~~hLK:~fiun. ~~r sufM~nlmahn~:, m~rfilyinK oruth~~r~viu• d~•:~IinR Hith th~• (i~•n or ~•harR~• hrn~uf. . 1~•1 Exi~r~•is~• ur n•tr:un Irom ~•x~•n-isinK „r a~:~i~~• any riKhf \lortk:~Kw• m:~}• h:~~~• Idl A~•~•~y-t add~tiun:~l .~•~•urit~• u( any kind. 1~~1 Iti~l~•:~+~• ur uthe•nvi:~• d~•:~1 ~~ith :~u~• ~iro~~•rt~•. n•:~I ~~r ~H•r~.rn:~l. w•~•urin~; 1h~~ ~~,~i~~~rs•~i--~~.~. ~~~•~~,~i~~~k :~n ur any ~-:~rt ~~t thr \loitkak~~t1 ~'ru~w~rt}~ Iti. AnY ay;n•~•m~•nt h~•maU~•r m:~d~• h~- !~1~~rt~;:~~;nr :~ncl 11nr1{~:~R~~• ~~~~rnu:~nt 1~~ thic nwrty;ay~~~ .hall Iw• .u~w•ri~~r tn th~• rit;hl. vf th~~ hul~lt•r o( :~n~• int~•n-~~n~n~ Iti~n nr ~•n~•innhram•~• 1'1. ;11i~rtK:~kur hrn•i~v w:~n~•s :~II nRht uf hu~n~•~tr:id ~•x~•inptiun. ~1 :~ny. ~n fh~• ~1url~::ik~yi 1'ru~H•rt~- , _K). In Ih~~ ~~~~•nt ut ~•und~~~nn:~li~in ~~nr~ ~~i•d~n~;s ul th~~ ~1ortK:~krd Pru~N•r~~•. th~• aH:~rd i~r ~~~m~x•n,:~ti~~n ~r.~y:~hl~• th~•r~•- w~d~•r i, h~•rehy as,iRn~Yi to ar~d tih:~ll IN• ~r.~i~l tu \lurt;;:~~~~i• ~furtRaKr~• .r~:~i: f~• ~~„~i~~~ ~~~, „i~i~~;ati~~n to qu~•:~iun ih~• :un~~unt ~~( an}• su~•h :~w:~rd ur i•n~njN•n~~tinrz and n~ay :u•.•~•pt Ih~• .:~tn~• in th~~ amuunl m Whi~•h th~~ s:~mr sh:~ll la• ~r.~id. In :~n~~ tiu~•h ~~~~udi•rnnat~un ~~ru~•~~e~du~K:, \t•~rt~;aR~r nci~• i~~ rr~~n•:~•u!~•d h~• ~•~~unv•1 .~~I~•~~t~r) !~~ \1~~rtKa~;w• 'I'h~~ pro~v•~•ds ~~1 :~nv .~«:~rd ~~r ro~n~-e•n.:it~on so m~•~~i~~r1 shall. :~t thr u~~tiun ~~1 ~lurt#:aki~~~. ~~ith~ r(N• :~p~di~~d to the~ ~,n•p:~ym~•nt,ul th~• \ut~~ :u~d al th~• r:~t~• ~~t inlt•n•st pru~.~d~•~i tht•n•in. n•~;anll~~.. ul Ih~• r.~tr ut i~:~~•r~•.t ~r.~~•ahli• ~~n th~• :~~~:~rd h~• thr ~~~~nd~•nonin~; :~uth~~nt~-, ~~r :~t tht• o~dion of ~t~~rt~;:~kcr. vn~ h:iw:~rd .h:ill fN• ~~:u~1 uc~•r 1~~ ~l~~rt~;:~~;~~r tur r~•:t~~raUnn ~~( th~• :11~~rIR:~k~~~l {'ru{ri•rt~• 'll. 11 J1~~rt~;:~k~N~, ~~ursu:~nl !~~ n~•~~n.tnu•hnn I~~,~n ;r;n•~•~n~•nt nr I~,:~n ~-~~~nnutnu•nt m:~di• hy \1nrt~;aki•~~ ~+~th \lurt~;:~y;ur. aRn•~•s tu mak~~ ~•unst~u~•liuu lu:~n :~dcnm•~~v u~~ lu th~• ~~nn~~~~r.d :~nwunt ~~i th~• ~~~~~•. th~•n ~1urtKat;~,r h~~~•~~hy ~v~~~•nantti Ihat it ~+ill i•um~~lt• wilh :~11 ~r( Ihe• 1~•rm:. ~~ru~~,i~n~ :~nd'~u~~•n:~nts uf ~uil ~•unstru~•h~~n I~r.~n :~;;nY•ment or lu:in ~•~~m~n~tmi~nl. will cl~lik~~ntly ~•unslrucl thi• ~m~~ru~~•~n~•tAs tu Iw• huilt ~~ursu:u~t tu th~• tt•rn~s th~•n•~~1. all u( th~~ t~~rni. th~•rr~rf «hi~~h an• m- ~•~~r~N~r:~twt h~•n•in b~• n•li•n•n~•~• :~s th~~u~;h u•t lurth lull~ h~•n•in :~nd ~aill ~N•nn~t nu ~I~~faulls to ~N•~•ur Ihf•n•un~i~•r and'~I :~ ~I~•- L•~ult sh:~ll ~µ•~~ur th~•m~md~•r. it ~h:~ll ~•nn:l~tul~~ :~ d~•I:~ull uu~l~~r this ~1~~rtk:ik~• :~nd th~• \ut~• '~'l. r~~ tfu~ up~i~~n u( \~~~rIR:~~~~~•, \lnrt{;:~{:nr ~h:~ll ~~ruc~d~• ~1nrt~;:~~;~v~ N7~F1 ~Mf11HI11' /'Prl~~i~~~l :w~1~~~Y3 tit:~t~•m~•n~s ~d t}n• fin:~m•ial ~•~md~ti~~n nt ~lortx:iK~~r 'L:3. \1~~rIR:i~:~~r n•~~n•:i•nt. .~n~1 ~~.~rr:~nts th:it it .~ ~ ~~r~n~r.~t~un. ~1 ~s ~IUIt' n~K:~nU~•~I :ucd ~:ilidl~•, ~•~~:lu~t~. m ~;~NNI .I:~nd- u~k und~•r th~• I;na. nt th~• st:it~• ~d it~ im ~~r~n~r.~ti~~n. h~~~ i~1N'~ m!t.t:uu6n~: ..h~~•h h.~: IN•~•n ~luh' and ~:~1u11~' ~.•u~•d. a~~d ~s yu,~hfi~~d lu d~~ hu:inr.. and ~. ~n Ru~Ni .t:~nrhnR ui th~~ ~!at~~ u( :~lun~1:1. NI~II (UII ~N~K'Pr and :~uthurit}~ lu r~~nsumn~:~tr th~• luan ~•untrm~~l:it~•d h~•rrhy. :~nd. ~( :~ ~r.~rtn~•rst~ip, ~t i: ~lul~~ Inrmwl and ~:~lulh- ~•x~.t~nk, and ~s (ull~- quaf~f~rd to dn hus~n~~:s ~n th~• tit:dr ut F~Inrid:~. ~~~th tull }r~~+~•r :uu: :~uthuntt t~r runswnm:~t~~ thi~ lu:~n ~•untrmplahYt h~~mby. •!.1. In ih~~ ~•~rnt :~n~• un~~ ur ~nur~• ul th~• ~~ru~~.~nnti ~~~nl:um•d in th~s \1~~r1y;aR~~ ur ~n thi• Note sh:~ll fur :~nr n:~M~n tn• hrld tn Iw• ~m:~liJ. ill~•t~::l nr un~•n(nn•r:~hlr in :iny ms~N•~~t. su~ h~m:~l~dil~•. ~11~•~;:~I~t}• ur un~•nlur~~e:~hlity sh~ill. at Ihi• ~~~~t~nu ~~1 th~• \1urlRa~;~•~•. n~~l atle~~ t:~nc i~th~~r ~~ru.i.~~~n~ nl this \lort~;a~;~~, hut tlus \lurtk:~~~~ .h:~ll fK• ~~~rnstrui~d :~s ~f .u~~h ~m;ilul. itk•~:al nr un~~nlnn~:~bl~• ~~ru~i.i~~n h:u1 n~•~~•r IN•~•n r~mt:nn~•d h~•n•~n ~~r thf•n•~n. '1'h~~ tot:~l ~nt~•rr.t pa~'ablc• ~~unu:~nt 1~~ th~• \~utt~ ~~r this ~turty;:~t;~• sh:~ll nut in :in~ ~~n~• ~~~.~r i•~~r~~rl th~• hi~;h~~st i:n~fnl r.~t~• ~d int~~n•st in the titat~• ~~( Flnridn !:~. 'I~h~• ~~~n~•nantt :~nd :~Rmi•~n~•nt~ h~•m~n ~•unt:~~n~•~1 .hall L~n~l :~n~: th~• F~•n~~l~l. :~nd :id::~nt.~~;~s sh:~ll inun• to th~• r~•,{N•~•h~~• h~•~rs, ~•xr~•utur.. .~dnuni.tr.itur.. ~u~•~ r.:i~n. :~n~l :is.~;:n. u( ~h~• ~r.irti~~s h~~n•tn ~~'h~•r~•~~~r usiYl. th~• vin~;ular nutnlN•r vhall in~•lud~• ~h~~ ~,lur.~l. th~~ {~lur.~l th~• ,in~;ul.ir. :~n~l th~~ u:~e ~~I :~nc ~;~•ndt•r .h:~ll !a• :~~rpiirnbl~• t~r :~II K~•nd~~r~. r\11 ~•nc~~n:~ntv, :~~r~v•m~•nl. :~nr1 und~~rt:~k~n~;s .ii:ill IH~ j~~iiil :~nd ;~~~.•r.J Ite th~• ~~~~•nl :~dd~t~n~e~l ~~unilx~r~~d r~~•:~~n:~nts 4rr ~~ar.~- y;r:~~rhs :~m I~rr rumi iuivu~i• m~~~rtrd i~i this ~1nrlk:~R~•. stu~h :~d~litinn:~l ~~~~~•n:~nfti .h:~ll IH• r~:ul :~nd K~c~•n ~~t(~•~ t:~c IhuuKh t„Ilnw~n~; th~. ~•:~~~•n:~tit ~n ~~nn~~~~~ut~~~• ~ir~ie~r - 3- :. ~~3~ ~~F~~?~~3