HomeMy WebLinkAbout2748a{~~~ly su~~h n•nt+, ~+;u~•x :~nd ~imfite rcti•e~~•~vl by it on thN iod~~bt~~lnt•~ w~.•und hNn•by in su~•h ord~•r :~K 111orlKax~~• d.•~~•r-
nnurs. 7'h~• riRht tu ~~nti•~ :u~d t:~k~• ~N).\N:`11U11 OI ~h(• Mu~t{~:iK~ti1 !'ru~x•rly, lo man:~KN :u~d o~x•rat~• Ih~~ s:~nu~, and to i•ull~ti•1
the ~entw, i..u~~s :u~d prufits then~~(. whether by a rc~rivi~r or uth~•n~•ise, shall tK~ cum~d:~ti~r to uny uther ri~;ht or n•~n~•dy
hen•w~dtv u~ .~rr~,«i.~i i,~ L~~v, und ~nuy IK~ c•zen•is~~e) ~•un~•urmnNy Iher~•N~ith ur indr~x•nd~•nlly Ihrn~~f. AturiK:~K~ti• sh:~ll
1~ li:~bl~~ to account unly lur sui•h n•nts, is~u~y :~nd protits .u•tu:~lly n~Y•i~•~rl by I11ortK:~x~v~.
14. If the indebt~~InesY s~~•un~i h~•mby is n~a or h~•n•a(ter furth~•r sav-unK1 hy i•hatt~~l inurlk:~K~w, u~~•urity int~•rc•~ts,
(inun~•inK +tatem~~nts, p1.Y1K~w, ~•untra~ts o( gu:m~nly. ati,i~;nm~•nts of I~;~seti, or othrr sc~•urities. ur it the MortguK~Kl Pm-
~N•rty hemby eni•umlK~mcl ~•onsisls ul owre than un~~ µ~n•~~1 uf r.•al pro~x~rty, Alurtgag~v~ m:ry :~t ils o~Niun i~xh:wsl any onc•
ur mom ot s:~id uti•uriti~h and s~Y~urity hemundrr, or ~u~•h ~~:~n•~•Is u( Ihe seti•urity hereunder, ~~ithrr con~vrn•ntly or inde-
~x ndrntly. and in su~•h order us it may d~~teroiin~.
1. . . . . . , . . .
are obliguton• or to I,c maJ~• at lhe optiun of \lortgagi~~, or oth~ n.i~, us am niude within Iw~•nly (2U1 yrars e Jate
henti~t, to the s:~~ne exl~nt as it such (utum :~dvan~rti wem m:~de on the date ot the ~•x~Y•uti~-n o( c-riR:~~;~•. 1~ut Kuc•h
s~~~•umcl indebt~Klnc,tis sh:~l) not ex~r.d .d any tim~~ the mazimum princi~~:~) amu~nt n/a
pluv inten•st. .+nd any Jisbur~ments made for the~ ~-:~ynienl o( t.~xc~, Ie~i ~• sur.u~ce, un the 11ortKaK~NI I'ro~x•Ny. ~~i~h
intrn•st o~, ~u~•h di.hurse~nents. Ariy such (uturn adv.ini•rs, ah~• ~Katory ur to Ix• mudr :~t Ih~• uption of th~• ~torlKaK~~•.
or utht•n~•iu~, ~n:~y 1x~ mad~• eifhc•r prior to or after t ~:de of thc• Note or :~ny other nM~w u~~•umd hy this Alurtk:iK~•.
'Chis AtorlK:i};e is Ki~•en for thr ti~x~•i(ic . ut sctivrinK :my and :ill indrbte~clrn_tis by the A1urtRaKor tu RtorltiaK~r Ibut
in no r~~e~t sh:~ll th~ s~~•un~c1 i nes, exccY~l at any tinu• Ih~• maxi~num prin~•ipal :unount u~t (orth in Ihis p:~raKraphl in
N~hatr~~i~r manner ' i e d~~ln~~s~ m.iy IK t•vidi•iti~•~Yl or re~~n•srut~K1. unlil lhis \tortKaKe is .:itisli~Y1 0( ri•~•urd. All ~•u~en-
:u~ts .u •roents cuntain~~cl ~n lhis ~1orl-;aK~• shall IH~ :ip~~G~-.~hl~• lu :~11 (urthi•r aci~:~n~•~•ti m:~di• h~• ~1orlK:~~;~y tu
Iti. No delay by 1lortgakee in exen•i~in~; any rikht ur n•m.Yfy h~•reunder, or otherw~,r a(lord~~cf by IaN~, shaU u~K•rati•
:~s a, wai~•er thercr~f or pnr•lude thP exen•ise therey~f durin~ the ~•uMinuan~•e ~d any def.~ull hemund~r. No v~•ai~~c~r by
MortK.~Kcr of any de(:~ult sh:~ll ~wnstit~te a N•.u~i~r of or c•or-sent tu subu~c~uent de(:wlts. Nu (ailure o( ~lortkaKt~• to exi•n•isr
any optiun hemin Ri~•en to accelerate m:dutity o( tht• de~ht hen•hy v~cun•d, no (orix•arani•e by 111ortga~cK~ IKlorn ~~r att~~r th~•
ex~•rci,e of su~~h opliun and no withdrawal or al~:~ndnnment ~f fure~•lusure~ pnx•~ti~linK hy ~11ortK:iKcr sh:~ll FM t:~k~•n or ~vm-
struid as a~vai~•er of its riKht to exi•rcise such o{-tion or to a~•i•rli~r.~ti~ Ihe maturit~~ of the d~•bt ht~rel~y cM•umd b}• n•aW~n ~~1
any ~-:~st, pn•.ent or tutum dei:~uh on the part of Tturt~;:-Kur. and, in liki~ ~n:~nn~~r_ the ~~mcure•mc•nt of inwran~•c• or thf~ ~h~~~-
ment uf tux~~s or other li~•ns or ~•h.~rRrc by A1ortK:~K~~c~ shall not IK~ lak~•n ~~r ~•un~tru.v) as a wai~•rr of its rikht tu a~•r~d~~r.~te
thc~ n~aturih~ of th~~ dri~t hi•rebv s~~~•un~l. .
17. ~1'ithout affectinK the liahility of A1ort~;ukur or :u~y uther ~x~rw,n ~~~x~•~•pt :~ny ~K•rsun exprc~tily rel~~a.~K1 in writinkl
tor ~iaym~~nt uf :~r.y indebletlnt~cti ~e~-un~l h~•rebp ur fur ~~c~rturman~•e ut .u~~~ uhl~K:~tiun ~•ont:iin~•d ht•rein. and avith~~ut alle~•1-
inK thi• riKhts uf \tortR:~Ri~• with ms~x~~•t tu any sc~curit~• nut ~~xprt~+sly n•le:~wtil in writinK. ~1urtK:~~i~~ ma}•. :~1 :~ny timc• :~nd
Ir~~~n tim~• to timr. rilhcr IK•fnrr or alti~r tht• maturilv nf sai~l n~zt~•, :~nd ~•~thuut nuti~r ur ~•unsent:
: .
1:~1 I~el~•asu• :~ny I~rrsun li:~hl~~ tor ~k~ym~~M o( all or :~ny ~r.irt uf thr ind~•httYln~•+s or (or ~H•r(orman~•~• of :+ny ubli~;:itlon.
Ib) 11:~ke :~ny :~Krt~e~~nc~nt ~~xt.•nd~nK thi~ lim~• or othc•n~~si• altPnnk th! terms of ~riyment n( :~ll or any }-art ut thi•
in~li~bttYlnrss, ~~r m~K1~IrinK ur w:+i~inK :~np ~bli~;atiun. ur sulw~r<lin:~hn~;, nu~di(yinK or othervc~Se d~•alinQ with the Irrn or
~•h:~r~;e• h~~n~f. •
Icl F.x~~r~•iu~ ur n•(r.~in Irum ~•x~•n•isin~ ur µ:+~v~• :~m• riKht \tor~K~~Kw• m:~y~ h:~~~•.
!dl A~-~•ept additiunal u•i•uriiy o( am~ kind. ••
Iel R~~Ic:~sE~ or othf~n.i~• clf:~l ..ith :~ny pro~x•r1y. r~:~l ~~r {x~rsnnc~l. ~ey•urinR th~• indf~r~~E•.i~,t•.~. ~~~~i~,~i~~~,; all ~~r an}~ ~~art
~( thi~ 1~iortK:~~c~ ProEK•rt~•.
It+. Am~ aKr.•~~m~•M h~•m:itt~•r m:~d~~ 1~~• '.11~~rt~;:~~;~~r an~l ~l~~rty~:~~;t•~• ~~u~u:~nt to thi~ mnrt~;ay:i~ ~h:dl ty• ;u~ff~ri~~r i~~ thc~
n~;ht. ui thf~ hold~•r o( :iny intt•nc•n~nk !~e•n nr e•nrurnhran~•~•.
1`~. \turtKakur hi•rrhv wai~~•~ :~II riKht ut hom~~+t~:id i•xe~~npU~m. ~( :my. ~n thi• ~lurtkaK~v1 1'ru~-c~rt~•.
:.~. In the i•~~~•nt of ~ondi•tnn:~tiun pro~•ri~din~:s of thc~ \1ortK:~k~~d 1'ru{N•rt~•_ tht• a~v:~rd ur ~~utn~K~n~:~ti~~n ~r.~~•ahlt• the•re-
under i~ h~~reb~• assiRnivl to and shall fK~ ~r,~icl tu :11urt~;aktr. 11ur1kaK~ti• shull Ik• und~•r no ubliK:itiun tn qu~~titiun tht~ amuw~t
nf :~m• su~-h :~~+;~rd ur i•om~K~nsation :u~d may a~•~•e~+t thi• ~:~me in the :~muunt in whi~•h the s:imr• sh~~ll IH• ~~aid. !n any sui•h
i•~~ndc~mnatiun pru~•r~~d~nR;, \1urt~:ak~~i• -n:~}• 1~~ n•~~n•:i•nti•d hv ~~uiins~•I .rlt•~•1~~1 h)• illurt~;a~~~~•. "1'hr pr~~~~•rd. ut :~ny :~~.ar~1
ur rum~x•ns:~tion su n~•~~i~~Ki shail. al tht• o~~tiun uf 1lnrtk:~~;EK~. i~ith~~r I~c• :~~r,~li~~d tn thi• prr{~ayment ut thr ~ute and at Ihe
r:~te ol interest ~~ru~id~~d th~~n•~n. rc~~;:~rdl~•.~ ~~t the r:~t~~ uf int~•rrst p:~~:~hli• un thi• :~..ard hy thc• ~~~nd.~mn~nK :~uthont}•, ~~r :~t
tht> u~~t~un of ~tort~;:~~;~ti•. surh a~:+rd .h:~ll tK• ~r.ud u~~~•r tu ~1~~rtK:~~;ur lur n•stural~~~n uf th~• ~1or1~;aK~•d Pro~x•rt~~-
?1. It ~lortk:ik~•r. pur~u:~r~t tu a~•un,lnu•twn lu:~n :~~r~n•in~•nt ~~r I~~an ~•umnutm~•nt mad~~ !~y' ~1ortK:IKfY~ with ~1urt~;:~~ur.
,~~;r~K•s tn m:~ki~ ~~un~tni~•ti~~n I~~:~n :~d~:~u~-r. up ~~~ thF• prin~•~~r:i! :unuunt uf th~• \ntt•. th~~n ~lurtKaK~-r h~~mbv~•u~e~nants th:-t et
w~U cotn~~l}~ ~ith :~It o( !h~~ t<•rn:s, ~~ro~~.iun, :~nd ~~u~E•nants ~~f s:nd ~unstru~•tion lu:~n :~Knti•ment or lu:~n ~•o~nmitmrnt. Ktll
diliki~ntly ~•unstruct th~• uii~rro~~•me•nts t~~ IK• huilt ~~ursuant to tht• te•rmc thc•r~•ul_ .ill of thr> terms there•uf whi~•h :~n• in-
~-~r~~nrat~•d ht•r~•~n by mtf•nm~~~• :~x th~~ukh .~•t I~~rth full~• h~•r~•~n :~n:t Nill EK•rmit n~r di•f:~ults tn o~•~•ur then•und~~r .~nd il :~ dr-
fault sh:~ll ~N•~~ur th~•r~•und~•r. it ~h:ill ~'unstitutt• :+ d~~f:~nlt und~•r thic \1ott~;.~K~• :~n~1 th~~ ~ut~~.
2°. At fhe u~rtiun ul ~t~~rt{;a~:~~i•, ~tort~;a~:~~r ~h:~l! ~~r~n~df~ \1~~r1~:~-;t•e• W1~FI iMri~Kli~• ~•~•rtifird :wdihrl ~tat~•~nt•Mc o( thr
fin,~n~•i:i) ~•nnditi~rn nf 11urt~;ak~~r.
'?:i. ~lurt;::~~:nr req~n•w•nts :in~1 .,:irr.~nts that ~1 :~ ~~~rErnr.~tiun. it is duh• rrrKan~u•d and ~alidh• ~•xist~nK. ~n t;~Nx1 .t:~nd
~n~ un~1i•r the~ 1:~~+: r~( Ih~• st:~t~~ ~~f it. ~n~v~r~r~~r.~~iun. h:~. ~to~•k uut.t:indin~ uhu~h h:u IH•~•n duh- :+nJ ~:J~~ih• i..:u~~~1. :~nd i~
qwdi(ii~1 tu du I~u.~m•:. :~nd is ~n ~;iHKi :t:~ndin~; ~n th~• til:~t~• of F'l~~nd:i. ~+ith (ul) ~N~N't•r :~nd auth~~ritt• tu ~•~~n.u~n~n:~tt• ihF~
la.~n ~ unl~•m~~l:~t~~d i~~•n•I~~.. and. if a p:~rtn~•r.h~~~. ~t ~: ~lul}~ f~~ruuvl :ind ~:~lidh ~~xi~t~uK. and ~s luli~~ qu:~h(i~Y1 tu do busin~•:~
in th~• titate• ut H'lund7l. N11F1 ~UII ~N~NPr an~! :~uth~~nty t~~ ~•~~nsumm:+t~• ~h~• luan i•unti•m~~l.~t~Ki h~v~~h~.
'~1. In th~~ r~~•nl :u~p un~• ~~r m~~r~~ ~~f ~h~• ~~r~~.i,i~~n, ~•ontain~~d in th~~ \1ur1~;:~Ke ur in th~• \ole .h:Jl for :~ny n•:~sun
IN• h~~ld t~~ ia~ im:~lid. ~II~~~;:+1 nr unt•n(~~n~~•:+hli• in :~n~• n•s~x~r1. ;urh im:~h~lil~~. ~ll~~~::~l~ty~ nr unt•n(une•:ihhty .h:~ll, :d th~~
~qdn~n ~~f fh~• \l~~rl~;:~y:~•~•. uut :~Ili•~~t :~m~ uth~•r ~rn~c~.~~ni. ~.I Ihi, ~1~~rtK.~K~•. Lul thi~ lturtK:~R~~ .h:~ll Irr ~un,lru~•~l as it swh
~n~:il~il. ~II~•~;:~I ur un~•nlnr~~:~i~lr ~~ro~~.;ior~ had ni~~~~r I~t•i~n ~•unt:iini•d hrn•~n ur tht~n~in. '1'he tut:~l inienKt ~~a~~:~l~li~ ~~ursu:~nt
t~~ Ih~• \~~te ur this \1urt~::~~;~• sh:~ll nnt in :u~c ~~n~• c~•nr ~•~~~~•~•d th~• h~~;h~•st I:~w(ul r:~t~~ ~~f interv•.t in the Statt• uf Flnrid,~.
2:~. "i~hi• ~~o~en:~nts :~nd :iKr~•~•~nt•ntc h~•re~~n ~•unt:~~m~~i ~h:~il h~nd :ind tht• ik•n~~ht~ :~nd adc:~nt:~ke•s sh~li ~nure to th~~
re•.~~e•~~Ut~• h~•in, ~~xee~ut„rs, :~d~runi.tr.~tur~. ~u~•~~~•~•ur., :~n~1 :~.s~~ns uf thi• paru~K h~•n•tn \t'he•n•~i~r uwv~, the sinKular
m~nila•r sh:ill in~•lud~• thi• ~dur.+l. Ih~• ~dur.~l th~• .in;:ul:~r. :~nd Ihe u:e• nl ;~nc ~;ender .hall lu~ _~~~~di~:~bl~• to :~II k~'nder~. :111
i nci~n:~nt~, a~r~rnu~nt, :~nd und~•rtakinks shall he j~~int :~nd .~•~i•r.~l !n Ih~• ~•~~•nt additiona! n~miK•n•~I ~~~~~i~~c~nts or para-
~raphs :ire lor ~•umeru~•n~e• ~n~~~rii•d ~n this ~l~~rt€;:~~;i~. su~~h :~d~lil~„nal ~~~c~~n:+nl~ ,h:ill !N~ n:~d :~nd Qic~•n f•(f~i•t as thuuRh
toll.~w ~n~; thi~ .~:,..•n:~nt ~n ~~~n:~•ruhc~~ nrdf~r.
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