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4. ' To p~awP~b vU? ~ tu~ aad rwa~tt awr~d o: MnMd mdw atd Or Mrtw of M1~ ~ ar ~wai~! i~w as t~YCio~
P~4 ~W 1taWM~ ~ tii Yor1~ or tM d~bt Mhbr Mort~d. a rpor W i~ueMt ~d~r tW lfatp~. Pro~ld~d howar.
thst tM 1ota1 aeaau ~o p~W !a aq a~ wcM P~t p dd~ pnwapY 1o~tMer ~1H tY~ i~t~ra~t pq?abY aa NY lrO~bMd~w ~W eot •
aua~d tY~ I~Iwt la~rhl rsN ot LMntt is Flocida a~d parW~d hetAK that Y tM ~wat ot tM ot ~y? weY Inn a •
a tax or a~t ap~i~t Yo~ ~po~ tW Moty~ a tM d~bt ~ Y~r. Wt tM N~bbdw~ Ncrnd bl~~Yai~~
tMiwpa~ b~ooaM i~di~t~? dua aed pqrabi~ st tM opdo~ ot ll~o~.
S. To kap the lia~tja~ed tcoperqr io~ued apiast ios or dawys by 1M. aM vl p~rlit iewr~d ~pi~t br a~ estetled oawn~ ~odon?
+nen; ad rxh. otLer ci~b and psdh at Yo~ps is its dircretion mp? r~qwln. Tf~e polic~? or polici~ of wa? i~taeo~ dW b i~ tM IoaO L
~eneal u~e [mm diae to tlne in t4e loaliqr ~ w~ tM Yott~d hop~rl]?1~ dewted. ~W M la a~ol atnorst a Yvr~~pe ad0? ~wrbb?
llortp~es. ~na~rot ~equirod b~r Yo~e~. wch poliCia. ~
bs ~
iw~edi~tsiSr ~o ~od leid by Yart~~ v awonsb reaiwd~
by Yo~tp~es unda aWr of wc6 Pdicfes ma~? bs spplied b7? Yoitia~ee oa tbe iadebtedoea ~xvted hecabr la s~ch ae~ooei a~ Ycrtjyee aW?. i~
its sole di~a~tioo. dect or. at ths opt~oa ot Mortsye~. tA~ aad~e amoYat ~o iea~ired ot aq qrt tUe~eo[ aa0? be te~ie~ed. Neith~r the ~ppiiatioa
nor tM ~ea~e ot any w~h amouaa ~Il wie or Ndre any ddautt Upoa ex~e of d~e po~re~r ot ~b ~irea L~ tWt lbctja~e at oth~r aoq~itioa
of tha Yoitp~ed P~opertY at any Put thaseo[ bl~ ltoni+~. sac~ Po~ ~a11 beooms tb~ ~te p[opert,~r oi Yat~yee,
6: To Snt obtaia tho nritten comeat o[ Moitaa~ee, wd~ ooment to be panted ot ~rithheld at tbe wb diiaetiun at 1[oat~yee, befoie (a) I
nmoviaa or deda}~rhint anp buildia6 ao~v or hereaRet etectad oa tne ptaol~„ N) aMeciq tbe +raa~+ement, dui~n a itioctusl ~anctac tl~ereo~
~6 ~Y ~ which inrolre tl~a cemoral oi ~hncdud p~rts or ths expwura oi the in~eda oi mch bdidia~ to tbs ek~4, (d) wtt~t
a nmovb~ or pe~mitti~ the cuttia~ aad cemoval of a~qr tcee~ or tlmber oa t6e Yort~ed RoPertY. (e) ne~so~ aac~q aq~? tae~ible
~ persoml proparqr ~rhich b put of tt~e Mort~Eed hoPeri~'. (Q ea~ into or modifj~in6 W~ ks~e~ of th~ 1[0 ` Troperty ot (t~~n in a'
ooment to anp chan6e in zouiaa of tLe Mort~ed Propert~r. •
To maintia We l[ortaaaed Property L~ eood ooaditioa aud nQair. latodiua but not limjted to tUe mating of socL ~epain aa Yort~ee :
may trom time to wae deteimu?e to be aecdsuy for the pre~erntion o[ tl~e Yorta~ed Roparty and to not oommit or permit aqp watta t6aeof; ~
aad Yortp~ee sdall ha~e the t16ht to Inspect t6e Nor~aeed Propettp on na~on~bk uotloe to Yott~oi.
8. To comply wIW all 4ar,~ordinanoes, nautitions, ca~eaants, oonditions aad ~ affxtit~ the Mortp~ed Fropa~q?. md not to
cawe or peimit mr viola8aa t6awf.
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9. U Yort~or fub to pay any clajm, tiea or encumb~anoe wbicb ~S iuperbr to tMs Yottp~e~ or wLm d~ ~r tau or ~t or
i imu~aaoe premium. or to keep tbe Yortsa~ed PropariY in. np~ir, or ~ail oommit or pe~mit ~vatte„ or if theie be oommeaoed aqy actioa oi pro-
~bt ~~~6 ~ 1b~d~ ~Y or ths Ntb tbaeW, or the jnterest oi Ya~~yea tl~io, ia~. ~ut not limited to, amiamt domain f
ud bankinptcr or reor~anvation pmoeedinp. t6en Yortp~ee. at ib optloo. ma~ PiU~ aid d~im,lieo. ~umbianoe. tas. ae~aameat 9~ P~.
~rith risht of submsation therennder. m~pr make snch iepai~s and talae m~ ~Lept as ~t deea~ d~abla to pzerent a aue such Maita. aod may
appeu in any such action or prooeedins aad tataiQ ooua~d thmaio. aad ta~e s~ actioo the~an as Yoitaa~ee deean d~pabie, and for a~r oi snc~
PufP~+ ~i~d+~ ~Y adranoe wch t~ of mon~r. indudio6' aY aosts, reawaabk attorney's fees and other itamt of espaua a~ k deemt aoo-
ewry. Yottp~ee tMU be the sob jud~e ot the ie~ality. ra~dity aud paor~tr of aaY sncl~ ddm, lim. ~braooq tu aaeWatent aod p~emi~
aad of the amoumt neoemr~? to be psid in ~tidsctioa tl~reof. Yorta~ee shall not be heW aooonatabb fa mY ddar in matio6 mY ~ F~J'~~.
~rhich dda7 msY rault in any additional inunst. oosts, cha*Eas. wcpsmes or otLa~vbe.
10. Yort~or ~ pay to Mortaaaee~ immediatdy and ~vithont demaud, all t~ of money d~aa~.~ed by l[ortaaeee w
~cieof purwant to tha 1[ortaa~e, ioctudiaa all oos~, iwombk atto Pmtect tbe ~eauity
III iw r~y': fea and othar itams of acpabs. taeetLer with interert on ach wcb
~rano ~t
at~ highat la~rfut rate of iaWest per anaum a{iowed by the la~v of the Stau of Florjda, aad aII a~ch sumt and inte~st tbateo~n ~
y
1 l. M wms of moaey sxured hereby sdall pe payabb ~vitha~t any rWief whateret ftam a~? raluario~ or appta~mmt laws.
12. U defautt be made in paymeat of any irotalmeat of pzincipal or iaterest of tbe Note or aay put tbereot wLaa dne. or in payment,
wrhen dne, or any other wm :ecmed bereby, or in performanoe of aay of liortqsor's oblptio~ vo~emats or aaraemenu aY of the
iodebtedness ~ecnred hereby ~hall become and be immediate(y dne and WYabb at tha option of Yona~ee, writhont notloe or danand ~rhkh are
hereby e:pre~ly waived, in a~h ereat Yor~~ee map a~a7 jtsdf of afl ri~hts ud nmedia, at 4w or ia equltY. atd dds Yortp~e may be fora
dosed w~ith all rishts and nmedies af'foided by the la~vs of Fbrida and Yor~or sh~D pbr aII oosb. cbar~es and eo~
pen~es t6ereo~ inciodio~ a
ce~ooabk attorney's foe. indudina ail sw~ cosb, expe~as aod attorney's fea for a~ry retrial~ reheuius or appqlt, 'ihe iodebtiedn~s ieaued
heceby :hall bar interest at the hi~hest Iawful rate of interest pec amwn aflowed by t6e law of the State of Florjda from aad after the date of my
mch defiult of Yort~or. If the Note pmvidet for instalmeut p~yments, the Yortaa,~ee may~ at its option. oollect a late c6~r~e ~ may be pro-
vidod for in the Note. to ieimbune the Yortaa6ee fot expe~es in oolbctn~g and utricL~ snch lnstalmmt paymenu,
13. U default be made ia PaYmeat, w~den due, o[ any indebtednas secured hereby. or in perfotm~e of any of Mortpsor': ob ' tiont,
ootremnts or aarcemeat hereunda: - ~
(a) Mort6a~ee i~ wWoased at any time w~ith notia. in ib wk discretion to enter npon and taka po~essbn of the Morlas~ed Property
or wy pan t6enof, to perform my acts Yort~ee deeans neoessary or proper to oon~enre the security and to oollect and iaroi~e ag n~b, i~uet
aod pro5ts thereof, indueiina thove past dne as wdl as t6o~e aocnw~ thereafter; and
(b) 1Nurtaasee shall be entitkd, u a a~atter of mict risht, wiWout notice and ezparte. and writhput regard to Uu raloe or oocnpancy of
the saluity. or t6e wh~ency of Yortp~or, or the deqwcr of the Yort~ed Property ~~ecurity for the Nota. to hare a reoeiMer appointed W
eater apon and take pos~ession of tbe Mort~ed Propettp. oollect the reab am profits therefrom and app~r tLe tame s the oaut m~ direct,
wcb reodver W 6av~e ail tbe ris6~ and pow~ea peiavitted uadet the law~t of Fiorida.
In atber s~ch ase, ldortaa~ee or the ~eirer may abo Wce posussion of~ and for thae PorPwes use. snY ud afl Panonal prepert~r ~rhic~ ~
a part of the Yort6aeed Property and wed by Mortpaor in the rental or ka~ tLeteof or aay put thaeof. T6e expeme (iocaudiaa iecelr~e~'s
fees. oomrd fea, msts and a~ent's compe~tion) ina~aed pu~want to tbe po~ren berein oootained ~hall be seaaed he~eby. Yoita~ee ~II
{after paymeat of all costs and exPwsa incnned) aPP~Y ~ nnts, issues and proSb nafred by it on the indebtednea rec~ued hazeby jn snch
order as Yortaagee deteimina. Tbe riaht to entier and tate pos~adm of the Yortg~ed ProP~Y. aod opaate the ~ame. and t~ oo~ect
the rents, iuna and proIIts thenof, wheU~er by a reoeirer or oWeiw~ise, sha0 be cnmdatire to any otha r~ht or ianedy Lere~nder a aQaded
by Is~v. and may be exerd~ed concuireotly t6etnviW or indepmdemtyr therooL Mort6~ee shall be liable to sooawt onlp fo~ tnd~ rentt, iwet aad .
pro5ts actwily reoeived by Yortaa~ee.
1~. U the iadebtednas sawred bercby n uo~r or Lercafter furt6er sewnd by cbattel mort6~+, inurats. finaoc~ sta~b,
P~6a, coatiacts of EuuantY. ~i~mena of k,asa, or otLer ~ecaritia, or if tbe Yurt6aeed Pmperty L~by eaa~mbeced ~ts of mote tlm
one puoei of ral P~P~Y. Yortaa~ee maY ~ ib. option achwst a~ry one or mom of aid ~ and sewAty benunder. or acb puoeh of the
~ecurity bereunder, either ooacuirently or iadepadenttp. md ia ach oider as it mar dete~mne.
1S. Tfm ltortg~e ihari ~ecuie not onlY existius indebtedne~s. bnt afs9 wd~ futam tlranoa, wbether sud~ drances are obliptotr or to be
made st tLe option ot Nortss~eer oc othenvin, as an made Mithin twwty (20) Yaa~s tmm the date be~eo~ W We suoe mctent s~ if adi fntnm
ad~anas weie made on the dale of tbe ezewtioo of th~ Yort~e~ bnt wcb ~eaued indebtednat td~1 not ~cceed st a~y Wae tha m~:imnm
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