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pd~olpd ~o~at o~ uro tliw dM ~orat o[ tM NoM~ PM~t Y i~ i~r~oi. ~i~~~a~t ad~ ta ~M ~rw~t ot wu~. MrM~. at
IwrMa? o~ tV rost~0 hop~rw. ~ hwn~t a~ wai OM W. Ao~ pw rd~~~ wYtrr ob~alon? a b b~ ~ at tIM
ptbs ot tr Yort~~, a otMewl~ wq? b~ ~M Mt~ M~ a ac JtK tM aw ~a ot ti~ 1~IoM a r0? otl~ ~oa~ NorrM b d~ 11aW~.
iri iio~y+~ it ~Mbw ta a. ~dOC v~u~ow ol ~ w••i .i Y/~M~/w~ er t~. to Mot+~» (bw i~ .o «..t Yrl w
Mwnd i~d~Ob~~t aso~ed st M1? dM tr ~auir~w piMo~l ~~wow~t Nt tatN~ i~ Mi~ Prn~ ~rl~t~wt w~~ ti~ l~d~Ondaw aiy?
b~ srY~aoM a r~p~ww~0. ~aW dd~ 1iae~ i~ ~d ot ~00~~.11~ oa~wMSti a~6 y~~Mb ooattlMd Is t1r Iiorq~ ~Ml b~ ~PpnoaDM
to all i4rtlwr tl~a~as w~ br YorrMN ~o' Yo~o~ tW Irt~ tl~Ma dw~
16. No delq? br Ywt~ ~oc~ aW? ry6t o~ n~d~? M~da. a~ otl~riN atradod b~? law, d~ opeiat~ a a waM: th~ot
oc puedude tM azetdis tbu~of dodu~ t6e oo~tlewooe o! ~ ddadt baMmdar. No ~ by Nart~e~ ot any detidt t~b~ll coatltut~ ~ Mr~het
o[ or ooaest ~ a~Dieq~~loi ~ of Ya~ to w~aciM ae0? ~ hs~eb ~iwa to aooaktat~ maturltY of tbs debt Aaebl? ~d. ,
ao fotbanna br Ya tbe ~ of ~ optio~ aod ao ~riWdrawd or ~bmao~aeat of rondoa~e ~coeediiK by 1[0~
p~ee ~ be Wcea ot ro~tsued d: w~tr~ of ib ~6t m~ocetcw wch opdoa as to ~ooraa~ tLe matuaiq~ ot tM debt Mr~br ~ecu»d by tatoa
of mY Pnt, p~aent ac tV~one dstwtt on the part o~ Yort~ot: nd. ia Bke m~mne~. the pioariema~t of Snu~snoe oc tLe p~1?~nt oi taxa oi otbe~
lien or cLar~e, br Yoc~es ~8,at be fabs or ~oa~wd n. wdver ot la r~M ~c acoerer.a tbe maauiq? oi chs debt haeby ~cu~ed.
17. M?itLoet sftectiq tAe Wbility of Yor~ur oi wy otAer Perwn (expPt sW? Per~w? expmau? relared ia vvrlti~ ta p~,rment oi W~
indebtedneo iecueed l~eaabr ot fo: partormana ot aoy ob~pdoa ooatained haeia. and ~vithont affectia~ the t~hb of MortWea w1W te~.K to
aop aewdtp aot expteab~ telaped ia ~vritin~. 3doct~ee map. at anr tima and tmm tia~ to tima. dthes befo~ o~ attsr Wa matwiqr of s~id not0.
aod witbout nodoe ot cauent: -
(a) Relaie aay per~on dabb for paymeat of aII or aay part of t!a indebtadnea or fot pa~fosm~aoe of say obNSadon;
(b) 1[aka any saceaaeat estaadius the time or othenv'se alterL~ tbe urms of pay~neat of aB ~or my part of the indebtedness. or
modifyin~ or w~aivi~ any obliption. or tnbordinatl~. modifyin6 or otheiwi~e dealint ~rlth the I~ea oc cbuaa h~eof;
(c) Fa~e~eiss ot nfnin from mcet~ or w~aive mY ~t l~lortaa~ee msy hsMe: . .
(d) Accept additiomi sauritY of asY tiad: aad .
(e) R~laae or otberwi~e dal witA any proPetty, ra! or penonal. ~auina tLe indebtedneu,lndudio~ all or W? P~ct of tbe Ilort,y~~ed
Aroperty.
18. Aay aQeema~t henafter made by Mortp6or aad Yort~ee pur:wnt w this nait~e sba11 be supa~ior to tl~e rl~ts oI tbe hoWer of
any internnins Ben or eacumbrance.
19. Mortp~or berebr w~aires aU ~hc of domatzsd acemptloa if anr. in the Yorc~ed Yropectr•
20. [a th~r- eveat of candemnstba pmoeedio~t of the 1[ort~ed Property. tLe awra~d ot oompawtion paYable theronadar b 6ecebY ~
to and shaLL be paid to lioct~ee. l~[at6a6ee shag be imdar ao obliptioa to qnestion tbe anount of snY soch awud a oanpematiao aod msy
aoapt t6e aame in t6e anwunt in ~t,idt tlie auae sball be paid. ia any sucA oondemmtion prooeedIaat. l[ort,~asee nny be mpce~eated bI? oouo~el
zdected by ~tort~ee. The prooeeds of my a~vard or ~oompenation'o reoei*ed sbad, at the option of Yortaaµ+e, eltl?er ba applied to the prepay-
meat of tha Note and at the iate of intecat pmrided tLeedn. cc~udbss of the rate of inbenst paYable an t6e aMUd by the ooodemnin6 wtbo~ity.
or at tlie optioa of 1[ort~oe. wch aw~ard :6all be paid orar to Yort~or for mstontion of tba ![ort6yed Property.
~ 21. It Yortaa6ee, punuant to a constnutioa loan apeemant ot iwn oommito~nt made bY Yortaayee with Yortp~ot. yrec~ to ~oate o0o-
' iuuetion ban adru?oa up to ihe principal amount of tha Not0. tLa~ Yort~o~r hereby ow~enanb thst ~t w~l oomplY witb ag o[ tbe term~. Pro .
tision~ add eoreoants of said oonsuuction ban ~t or lwn oanmita~t, wrii dili~entqr oom~et the impcaraaaents W be b+~t pucs+nut
to t6e tenns thereof, all of the terrm tbereof ~rhic6 ue b~ooiponted Lereiu by nferenoe as Wou61? ~st forth fWiy 6ereia and ~n'll pem~tt no do- . -
> faalu to oax~c thereuader aad if a defantt ahal[ oewr tl~enunder, it sf~a11 conatimu a defanit mder th~ Yoit~e aad tha Note.
22. At the optioa of Yortp~ee, lloct~o~ shali provide Yortgasee with pecioaic certified audiud statemeats ot the opaatio~ of ud tLe
fmanc~al condition of Yortaa6or.
23. II all or~aay put of tLe Mort~ed Property. or my interat thecein, is sold, couv~eyed, vaasferred or further eacumbend by Yortgaaor
~rit6out ldortga~eds piior wiitten consent, exdudi~ (ij a transfer of tbe Yott6a~ed ?roperty by mecger or oonwlidation of Yottaa~or. if 1[ort-
g~or is a corpontioq w~itb urother ooiporatioa havi~ s net worth of not las than the net woM ot 1[ost~ot. or ('sq the Saat of any lea~e~
Lold intezest in the ][ortas~ed PropatY not oontainins an option to purcha~n, ~rl~ lau is msde in tbe ordim.cy ~ of ![ortp~ot's bwiaeu,
t6en aad in that ercnt,l[o:taa~ee may declate a11 wms seaued bY tLh Hottpge to be bnmediaWY dut and payabla Yortgt~ee sball ha~e w~aired
wdi optioa . to :._.~.^^ekrate if. Prbr to the saie, tru~fet oT oo~nreyaaoe, ![ortaa~ee aad tbe pe~:on or eatity W whan tl~e Yort~ed P~opertr it to be
soW or transfernd iea~ apeemeat in wriitlns that tLe credit of such Pcrton or entitY b ssthfactaY to 1[ort~ee aod that the interat paYable on
the wms sewred by tl~is Yort6s'e :hall be at wch rate s l[ort6~ce sball reqnat. If ltortsa~ee h~s w~aired thk option to aooeknte as prorided in
this Pusgnph, and U Yort~or': snooeswr ia inunst has euaated a pritten asumptbn asceement, aooe4hed 'u? ~itias by ![ort~ea, Yoit~ee
thall rela~e Mort6asor from all obli~ations under tbi~ Mort~e and tbe Nota ~
24. ldortpaor npresenb aod varrar?ts tlut if a ootpontion, it b dulY orsanized and ~alidlY acisti~. ia 6oad :wdin6 under the la~n of tLe
state of iu inoorpozation, has :todc outstaodios which has bcen dniy and ralidly isa~ed. a:d i~ qwiified to do burinea and b in. ~ood :taodias in
~ the Stata of Fbrida, ~vith fWl power aad autborlty W cotuummau the loan contempLted henby; ud, it a putnetship, it is dnlY focmed aud
raL'dly existina, ud i~ ~fully qwlified to do busi~s in the Sute of Florida; ~vtth full power and authority to oonwmmata tbe baa oontaaplsted
n~~y. '
, ZS. In the erent my one or more of the pcarisiona contaioed ia this Nortg~e ot in the Note shall fot aay :ea~on be 6eW W be invalid,
~ itkaal os nneaforcrable in my rapect, wd~ im~atlditY, iUe~htY or w~enforoab~Y shaU. at she opuon of We Yo:fa.~ee, na aftece aay oeha pro-
risio~ of thi~ 1[ortp~e. bnt ti~ 1[ort~e ~all be camtrued as if such inrsBd. iDe~al or unenforcabb pro~vlaon bad aever bxn oontained berefn
or thereia The total jnterat Qayable purwaot to tbe Note or this Mott~e ahall not ia aay oae yeu exa~d the hi~liat law+fu! nu of inntecat
allwved by tbe la~v of the State of Fbrida. -
26. T6e oovenants aad sareea~mts hereia caatained s6atl bind a~d the bene6ts and adrauta~es ~aD iaure to t6e rapaKire heirs. execntor~.
dministtators, snooasors, aad assi~m of the putia f~mto. Wl~rever wed, tbe aa~dat aumber ~all inchde tbe plural, the plural the do6ulat.
and the wa o! say ~erdes shsii be applicable W all ~andets. M corenaut~, apaments aud undettakinp shall be joiiat and ~evenl. Ia tlsa ercnt
~dditioosl numberod voMauna or p~rapl~ ue fa oom~nieaoe inxrt4d ~ t1~is Yort~e. mch sdditlonal ooranauti shait be sead aad ~fien
eftect at dat~h [oll~mntos this oa~raoaot ia eaaec.wtbe order.
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