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:~II aKrrrnu~nt~ tx•tHrrn thi~ \1urt~;:~~;ur :~n~1 A1urt~;:~~;~~c• rrl:~tin~; tu in;ur.~n~i•. tu~N <•x~shnK ur hrtr:~Ri•r mudi•. .rhall IN• in
writ~ng .~nd 3hat1 F~e u part r~f this murt~;;i~;e• :i~rec~mE~nt us fullr as thuuy;h ,rt (urih vi•rbatim h~~n•in :~nd ~hull Ruvi•rn
tx~th partiev heret~~ :~nd their sucie+s~~rw .~nd :~ssig~s. No lien u{N~n :my uf +.ud ~x~lici~•~ of insur;~ncr or u~x~n :+ny re(und
ur return premium which may t~e pati~nble un the ~anrell:ihun ur termin:~tiun thrriv~(, rhall t?e R~ve~ tu othc•r than thr
~lortR:~gee. exi•ept by proper endorument :~flixc~ci to yuch p~~licy ar~d :~p~iruvirl by 1~1~,rtx,~~;~~~~. F:n~-h lh~li~~y uf inwur:?n~•e
shall h:+xe aflixeti thereto a Standar~l A}ortK:?~;ee ('l:~u~e arrt~E~t.~ble lo ihe :11urt~a~;t~e, mnkinR :~11 1~~~., ur losses unrler sui•h
~?olicy ~k~yable to the hlnrtKaRee nx itx intc~mst m.+p ap~~~ .~r. In th~ :•vc•nt ,~n~• xum or aum, m~~nc•v txti•nm~ ~~:~y:+ble
thereunder the A1ortFaFc~c• shall h:wr the option tu rn~c~iv~~ ;~nd apply iht• ~:im~• un :uruunt ~~f th~• inrlc~bl~Ylnt•K, he•rrbv
scvured, or to ~~ertnit lhe :~1ortKnFor tu rc~c•eive and us~~ it, ~tt anq ~r.~rt tlu•reK~f, Hvthuut thf•r~•by w:~ivinK or im~r.~irin~
ai~y equity, lien or right under and by virtue ot this mortRage. In event ot lo~.a or physical damaQe to the mortgagc~cl
pro{x~rty the I~~ort~uRnr shall Rive immecliate nc,tice thereof by m:~il t~~ lh~• 1lcrrtKa~;ee :~nd the ~1ort~a~ee n~ay make
pr«~f of los.~c i[ the s:~me is nnt m:~de prumptly by thP ~1ortK.~~nr. In ~•w•r.t uf (~~rf~i•lu.urc~ nf this m~~rt~;:~~~ ~~r c~thc•r
transfer of title to the mort~a~ecl pro~>e rty in e~tinKuishm~~nt ul tht• in~l~•ht~Ylni•.~, .e•~ ur~~! he•re•hv, :ill ny;ht, tiUr and ~nter
est of the l~tortK:~Ror in and to :~nt• insurance ~wlicies th~•n in lorce .hall f~:ixs tu Ihe~ ~>un•h:isi~r nr ~r.intee. UFwn any
det:iult therc~c~l, the ~'Iortg.+Q~~e may ~but H•ithout ubli~;:~ti~m on its ~~:ut tn ~I~~ s~i1 ~~I:u-c~ in.iu:in~•i~ un vurh buil<1inRs :~nd
paY the premium :~nd char~c• ,u~~h ~ums so p:~id tu the 11urt~a~;ur an~i ::u~ h,um, nf m~~n~~y p:ud sh:~il tx•:ir interc•st
frum the date of payment at the hiKh~•st Ic~~;al r:~te.
4. Th:~t all ,um. of mon~•>• ~,aid ~~r ~:iustYl tu tx~ ~~ai~l by thc• \1urt~;:~R~~c• undi~r th~~ term. ~~f this mort~;;~;;~• ,~n!i ht•rein
s~~c~•ifirally provi~l~K1 fur, :ind in~•lud~n~; :~nv ex~x•nst~s in~ urrc~i I~y the~ :11~~rt;;;~~;~•e~ in ~ nUr, h~~n e~f thi• ,um sc~~•ureK1 hy th~,
murtRaKe, sh:~lt 1~ c•overe~l by~ thr Gc•n of thi, murtKaK~, thi• s:~mc• .~ti tht• ,um; ~~f mun~~y r~~{~m:enttKl by the note whi~•h
this mortgaRe secures.
5. To F~ermit, cc~mrrtit i~r +u1Te~r no w:ls1P. Illl}~.+irnii~nt ur ~1~•It•riur.itiun n( ~:url pru{x•rty, ur :~ny p:~rt therc~[, and ~
u{x~n the [:~ilure nf the 11urt~;a~;or to kc•e~~ thF buildinK+ c~n .:~id ~~n~~>ert~ in ~~i~K1 cunditiun u( re{~air. the~ ~1~,rtgaRee ~
muy demand the immecl~ate re~~air o( s:~id huildinKw, or an in~•rc;~sc• in thr amnunt of seK•urity, or the ~mmc~liate repay-
ment of the debt herehy cc~~•un~1, and thc~ f:iilure of the \t~~rt~;;~;,•~ir t~~ e-~,m~~lp 4cith ~:~id dt~m.in~1 ~~f lhc MurtRa~c~e for a
E~eriai of fi(teen f 15) d:~ti•s sh:ell ~•~~n~titute n br~~:~~•h this murtR,~~;~•. anrl, :~t tht~ ~~~~t~nn uf thi• ~1ort~;:i~;c•e, imm~liately
m:iture th~ entim unpai~l princi~~:~l and intc~n•,t he•mhy si•curtvl. ~~n~1 tht• ~1urt{;a~r:• m:~y, ~~thnut nnti~e•, ~nsl~tute ~iro-
~•eedinRs to (oreclose this mort~;;~Ri•. :+n~1 :~p~~l~~ f~~r thc~ :~~i~wintment uf rc•~•e~~~t•r, h~vivn:~Etrr ~ir~vi~lcYi
6. That Ihe \1ortR.~~ur hf~rebp ~irumi~rs, i•u~~en,~n!s an~1 :~Krt•c~: tn Fr:iv th~~ surn. nf m~~ne~y nnd interc•st ns mentiun~vi
in ~:~id promi~.ury note, toKc•thc~r ~aith :uiy :in~1 ;~11 ~Nhc~r sums just!}• ~luc~ :ind ~~~tiinR tht~ \t~~rtt;n~;c~e~ hy th~ t~rms thc•rein,
and securc~ t~~ F~ ~,aid :is st:~tc~cf thc~n~in ~~rom~rity Nhrn ~lu~•. If ~1~~L~ult .h:~ll t~e~ m:ul~• ~n th~• ~~.~yment of tht~ s:~id sums ot
mnney or any part thercx~( :~s ~~ri~ti~idtv! in thc~ s:?id nr~l~~ ~~r thi~ mnrtk;~~r. ~~r if thr ~nti•rr:t th:+t m:~~~ tx•i•ome duc• therc~+~n
ur any part thereof shall be in ~lef:iult :~nd un~r.ud (nr ~~r:ii•t~ of fiftc•c•n 1151 rl:~~~s, ~~r shnuld thc• ~lortk;i~or hre.uh ~~r
[ail to comply with :~ny ~~ther ~-~~v~nant or ;~~;rc~~mF~nt ~~n thr ~~art i~( thF• \1~~rt~:~~;nr to hc• ~umpG~•d .+ith fin th~~sc~ c•.~ses
in ~+hich the option of the \tort~.i~ec~ of acceter:+ti~~n i; nut uthencise> i~x~~ri•;:l~~ ~~r~~~~~itvi hc~rF~in1 ancl su~~h hma~•h or
non-compliance cuntinuc~ in c•ii:tcm~~<~ for sp:u•e of fiftt~en I lil d:~~~.. thF•n :~n~1 [rom them~c•f~rrth, at thc~ ~pti~m ~,f the
~tort~nKor. thc~ ~hnle of s:iid prin~•i~r.~l sum rx{~res.;i~1 in .;:~ui notr, t~~~;E•the•r ~~ith all ~~tht~r sums therein as ~~t•II as h~•rein
provideci (ur, shall lxcome immeclu~tely ~iue and {~ayublt•, w~th~~ui n+~tuf~ tu th~• ti:u~1 \t~~rtKu~i~r.
7_ Thut in ~•ase it should tx~~~~mc nei•e..s::~ry~ to pl.ic~ thi~ m~~rtk:~~c• :~n~l th~• nutc~ se~~urcK1 hF•reb~~ nr E~ither ~~f them, in
th hands u( .?n :~tlorney for C~~IIE't'huh. (FIE~ satrl \1~~r~K:~};~~r ~ ~~vF~n:~n~. :~nd :~~;re~e: with ;he• :11~~rt~:~Kec~ t~~ Er.~y :~11 i•nit:.,
charRes and rxp~n;e~ of su~•h ~~~Il~c~hon, ~nciudi~t{; rea..~~n:iM~~ .~ttor~~>r'. ft•i•.: xht~tht•r ~•~~II~•~ teY1 hy~ forE~~lo;ure or othencise.
R. That, in the event :~ny~ xuii i~ bruu~;ht u~nm this m~~rt~;71KP, N"F1E•ther t~~ f~~rF~~ lnse it, tr~ r~•fnrm it. ur ot:~erwise,
and/or to enforre payment ~if any ~ la~m hereundc~r, thr 11r~rt~;:~~;c~c~ may .ip~ily tu :ins ~•~~urt h.~vinR jurisdiction thereof
for the apGwintment of a re~•ervc~r of said m~rt~;:~~;c~1 ~~r~~}~~~rt}~, a, w~~U th~~ ini•~~me, prnfits, i~.uc~s and revenues thermf,
~nd the s:~id ini•~me, pr~~fitv, issues :in~l revenut~, arc~ hi~rt•b}• m~~rt~:~~r~1 if ~~~e~~ifu•:ill~• ~c~t f~~rth an~1 rlescriFx~t1 in the
qrantin~ and haF~endum ~~I.~uses herc~~f, :ind surh r~i ei~•c~r ;h:+ll h:~ve all the bru:~r1 :~nr1 e~(ie~~ti~•~• func~tians and Ex~Her; in
any vcise entru;tecl by a~•ourl to :i recc•ivt•r. :~nr1 such ap~x~intment sh:ill t~ m:ule~ h~• ~urh ~•ourt .~c an admitl~i c~c~uity and
:i matter ~f ;+hsalute rieht in thP ~lortkak~r. :iud ~cithnut reference to the~ .~di-c~u:u~~~ or in:ul~K~unry~ cf the va{ue of the
pro~>ertv mortRaxc~l, or to the ;nke•n~~y or in~~d~•enry o( !he ~1~~rtRa~nr and/or tht~ ~lefen~l:~nt :~nd such n•nl,, ~~rufit,,
income, i+sues :~nd revenu~s ~h:~ll he a~~~,lie~i h~• the rc~~~•~~•~~r arcurdinK tu thF~ lii~n :~nd!~u ~~~uity of thts mort~aRe and ~
the practice of ~uch court, nnd such aF~prnntmnnt t>[ rc~~eiver shall be ~cithr~ut n~~ti~r tu :in~• ~,hliRnr hereunder.
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9. The ~1ortKaqor hereby «,~h•es all ri};hts of hom~~.tead an~1 e~c~mpti~m ~r.~nteY1 b~• th~• ~~rj7i5~ItUttOR :~nd law+ of
Florida. It i; s~~ecifically :tRrc~e~i that time is o( the essene~~~ in thi, i•nntr.i~•t :~nd th:~t n~~ w:+i~~er bj• the \inrt~a~ee of
any ubli~.itinn hc>reun~ler nr of thc~ ohli~;:~tir,n se~~urcY1 hc~reh~• ,h:~ll at an}• time th~v~~,~lt~~r he held to tx~ a~:+i~•er u( the
tetms hereo[ or o( the ubiiR:ihnn u~vred hereh~~.
10. Th.+t in ihe event th:~t this m~~rt~aRe bc~ Riven f~ .erurc~ a c~~mtrui hr~n I~~;:n. failure ~~n the ~~art uf the ~1o~t-
~axots or their ~ontr.~ctors to romE~lete said buildinR in a~•cord.inre with (~~~nstru~•tion I.~:~n A~reemF•nt, of even date
herewith, or to huild said i•onstru~~tion in .ice•ordance w~th ~ilans and sE~e~~ificafions fited with the Lf~~rtRaRe~, shaN ~nn-
stitute brc•a~~h of this m~rt~;.~~c~, :~n~i, at the ~,~>tiun ~~f th~ \tur~;;+~e~c~, imm~~rl~at~lti• m:itur4• th~~ ent~re :~mount of prin~~~-
pal :~nd ~ntere;t herehy sea~ur<~~l .~nd the• \fr>rt~:iKe~e ni,+}~ immc~li,~trl}~ ~mtitute Eir~~rt~rdi~~k: t~~ fnr~rl~~.;e thi, mortKa~e.
11. I[ (orec~losure F~rrx~ecK~inK. uf an~• ~e~~~~n~1 mnrt~;.+~;e nr ce>~•nn~l tru>t ~l~c~d or :~n~~ ~uni~~r lif>n of any k~nd sh~~uld t~e
institutecl, the hSortQ:~Fee m:~}~. .it its option immerliately~ or thereafter ~1t•~•Lire thi~ mnrt{;:~~;c• ancl the ~n~leFkdness securt~ef
hereby due and pay~~ble.
t2. Th.et in fhP rvent th:• l~remise~s he>reh~ mnrtQaRed, ur .my pnrt th~rf~~~f. ~h:~ll t~r ~~~mdt•mne~cl an~1 t:~ken (or puhli~•
uu under the E~wer of ~minert dom:~in. the \fort~aQeP Kh.~ll have the ri~ht to ~Icmnnrl th:~t all d:imaR~s aw.~rdeci fur
the takin~ of or damaRes tn sai~! prem~~rc ~hr~ll fie paid M,hc~ ~1ort~.~Rc~e, u~i t~ the :~mnunt the~n unp.+id c>n this mort-
~age an~i the obfiR.~tion cecure~i hereby~ and may be ;~pplied u{~n Yhc~ p,~~•ment~ l;~st ~r.~}~at~le under this mortRage and
the ~~bliR.+£ion secured hereby.
13. That installments, E;«~.ihte un~ier the ie>rm4 hrrrof .ind thr• nr~tc~ sc~rured herehc, nut ~~:~~r1 Khen riue, sh:~~l I~e
subject, alte~r falteen 115! d:~ys fr~~m th~ date thPrcY~f, tr,, an~1 it i~ :~~;rc~t~~l ~turt~;u~ee shall ~•nlli~ct thc•re~~n an~1 there~atth,
a"late ch:~r~e' in the amuunt ~f f~~ur E>er ient ~4";,1 0( the ~n;tallmE•nt due u~ron each ;urh dc~l~nyuent in~tallment, and
such "late C}li1fRP5" are sc~~urc~1 hy the lien hereof.
1~ ~1'itho~t imE~ainn~ the obliQatiuns o( ~1ortRa~;~v ront:+inctil in {~ara~r.iph~c 2. 3:ind d herc~of. an~l (nr aF~plir:ctiun
to the ~~ur~x~~es theren[ insn[ar the w~mE• sh.~ll be su(ti~ ient, ~1nrtK.~~~,r sh,~tl, ~n adctition to thc~ mnnthly p:~yments of
pnncip.~l and interesf as statcrl in the ori~inal nut<~ rnnd in thF nute or nntes secure~ hc~reby? prov~ded tu he nia~le, p.~y
a monthly sum and amou»t ~u:il to ~ne-tKelfth Il/121 of the e~.=.hm:iti~cl .innual taxe~s, :~sse~,mcnts ~ind insutan~•e ~~re-
miums uJx~n the reat est:ite se~ unty, as the am~wni the~reof is determinc~d from time to time b~ the blortFaRee.
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