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PROVIDFD ALWAYS, and these presents are upon tlicsc express conditlons, that if hiortgagor nhall promplly pay to r
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Diortgagee O~C' certain proi.ilssor~~ note even date hcrewith, made by 3:h8.1~14r~Q~4~-3T1C~ r
payable to the ~rder of the Mortgagee at(See a~tached notP) '
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payaWe to the order oi Mortgsgee, at
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AGR PYime ? 2/ Interest semi--annually ~
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5_14Q..40Q~.QQ r:u~~P~. fforida ------------------~Ia~._29 ~3 75 Note No. -
__~-0r__~ _Year-- _,re•_r d~te th= unJers~yne<: (an~ if ~nore Ihan on~, each ef thtm jointly ZnJ sevsratly), herein~tter c~11ed S1aRer~
~ pronusts t.~ p~y to thz or~-r at TIIE ~LCIL-1\GE \'-1TI0\i'LI. ~3?1~ii OH~ '1'A~lE'A, hereinat;a: ~i,ltd Qank, at its oftice at Tampa,
_~_one._Hunclred___Thousar~d _anc_Lno~~09----__ oo:~~~s
' Fl~rid~, tne princ~aal su~n ot-----_..----.-
;tiith intaresi the:~on frorn A~'~ hereot aL the rate of per annur.~ un!~I maturity, :~nd ~t ttn pr.rcrnt p>r anrtum thereatter until paid. The Alaket
shaii hava th~ privit~;~ and oa:i~n, at ~~y timr, to pay ott the entire pnncip~l r?mainir.y unp~~d, or any par, thereuf, tog?ther with interest inerean
to :fat. of p.iy::~_nt only. As se:uricy for the p~/mtnt of this note A1.iker h_reby p7adaes to E3a::k tha fallowinp prep>_rty: _
_ Cr_op_ Lzen_~__as sigrmecl_~9.~_-Fruit _Pzoceeds_~ ~eal _Estat_~_~iOr~g~g~
lV. ~
an~ atl other propzrly ot htiker now at h2rc1ft2t delivercd to or left In or cominy into the possesaion, control oP custody of 9ank, whethe~ expressly
as C0~11:2~31 se:.urtty or tor any other purpose (includinp all cash, stoc:c and o:her dividends and all ~ighL~ to suhst~ibv tor srcurities incident to,
dtctarru, or pranted ~n co~ntcuon ~v~ch s~~ch property). which property, to~ether with aIl add~ti4n3 aod subst~tutions, is caltej the Cotlaterat. The
• GoUai-ral ia atso piedged as secunty for all otliar I~~b~l~t~es (pnmary, secondary. d~rect, cont::igent, sola, joint or severap, due or to 6ecome due or
whi:n may h: htreatter contracted or acQuired, of each Maker (~nclud~np eacn htaker and any other person) to Bank. whether such IiaDflitiN ari;•
in tha ordinary coursa of busintss or not. RiGht is hereby eRpressly flranttd io the Ea~ic at its option to transfer at any time to (tsel/ or to ~~s
nomin:e any Collateral and to receiva ihe income the~eon and hotd th~ same as securlty herefor, or apply it on the principal or intersst due
hereon or dua on any liahility aecured Ftreby, The surrender of 4his nott, upon payment or otherwisr, shall not afttet th• ri~ht of Bank tu retain
tha Colla:eral for such other liabilities. - -
lt Is J~intly and save~3lty covenanted ~nd apreed with the Bank by each ~`.taker. endorser. SureLy, ~uarantor. 3nd ath~r party to this notr (a!t of
whom are harcinafter tor brev~ty call:d Obiiflor o~ ObliDors) that: .
A@ditioni to, reteases, reductior.s or exchangas of, or substitutions for the Collaterat, paymants on account of tifis loan or ine~eases ot the same.
or cthr.- i~znx made partially or whol:y upon ti:s Cotlattral,_m~y irom time to Ume be made without aftect~ng the provisions of this nota or the
IiablliL°a of any party hereto. Bank shatl exerc~se reasonabte care In the custody and preservation o( tha Cotlaceral, and shall De deemed~ to havb
exe:usrd reasonad~e care if it takes sacn act~on for that purposs as Alaker s~all raasonably teyuest in writ~ng, but no omission to comply ~vith a:~y
requsat of '.ta:car shali of itsNf De deemed ~ faiiure to exerc~se rea;onabte care. E3rnk shall nai b~ bound to =.:~e any steps nxessary to prcserva
any r~~b~ In the Colla:eral aflainst prior parties, and t.taRer shall take au r.ecessary step~ tar suth purposes. IIanK or iu nominee need not collect
~ in:ar:s[ on or pnnt~pal of any Collattr~i or pive any notite w~th respett to ~t. '
If the CaIla:?_ral shall at any timt Cecome ur.sati;tactory to Bank, or if tha Bank shall at any time deem Itself insecurs, ht~ker shall within ~ne
day ~I:er demand depos~t w~th Bank as part o( the Collat~ral addrtional proparty wiuch is sa!~>tactory to Ban:c. _
Upnn the h~ppeninp of any ef the toltowine events, each ot which shatt const~tute a d;tault htreunder, all IiabilGes of each hlaker to Banic sh~ll
• there~;:on o: tncrtafter~ at the opiian cf R~nk, wiihout ~otice or dem~n~, D^com~ dur and payaLtt: (a) failura ot any Obli~or to pertorm any
a~reen,znt ~ertundtr or to pay ia fuil, wi~en dua, any Iiability whatioe~zr to B~nk or any insLitment_the:eof dr interes[ thereon, or faiture to
p3y wRen d~a any premium on any I~f~ insuranca p~t~cy hetd as eollateral hereunder; (b) tht death of any 061ipor; (c) the fiiinB ot any p~tition.
ur.d>r :h, E3ankrupY~y Act, or any sim~tar ftc'er~l or stnte statuie, by or ae~insi any 06tigor; (d) an appl~c~t~on tor the appointment oT a rece~ver
tor, tht m~k~ng of a gentral assi~nrti!ni t~r th~ Genefit of creditors by, ar tne insalverscy ot any Obligor; (e) tne entry of d judgnteut against any
D:,cig_r, (fy t~~a i;suine of any attachrnc:ets o~ g~rnuhment, or the ti:in~ o( any lien, agamst any property of any Obligor, (fl) the ia:ang of posszssion'
of i: / ffUbS'atlL~dl p~rt of t~~e propcr:y cf ar.y Obl~gor at the in;tan~t ot aoy ~joveromantal authority• (A) tha d~sso:utian, n~ergar, cansolidation~ ~r
re;r~:niz~cion ot any Obtig~r, th~ determinauon by ~i otficer o~ Bank th3t a material adverst ehange has otcurred in th~ financial condition of
an~ G~I~~x from the cona~uens s_t torth in the most recent finant~al statemtnt of such Obligor heretotorQ {urnishad to Bank, or trom the condihors
of such Ob1:~3r as h~retofore most recently disclostd to Bank In any rrtanner; or that any_ warranty, represtntation, certificate. or statement o! any
ob~~~or (~vh°_:::er tontaired in this no!e or noi) pert~ining to or in connet:ion rv;th thi3 r.oLa or tne lean evidenced by this note is not Lrae; (f) tha
;,,,,^:nFrt a::y ?.13R-r ct any °^v~•/ ~n a~y of Yrce Cullat_r:~I withou: _;vr:tt-~ co~ss'r.t of B~nk_
:~n;c s:~ eil ;uva, tr~s snall b~ I~ri~tad io, th_ fol(e•.ving ri~~hta, e~c : c: w^[~n r:tsy be exerci;td at any tima w:iethtr o.- r.ot tni~ note i; dut:
(i) to P~-~3° ar transier this no2e an3 tne i,ollateral, whereupon Bank sna~~ be rtuevtd-of all duties a~~d responsiGilities herwnder and relieved from
+ any snd li.abtt~ty w~th respec; to any Col{ater:l ~o p~edged or transferre:f, ar.o any pladget or transftree shall for all purposes stand in the placz
ot S~nk h_reund~r and t:av~ ~U tY:e r~g::ts of Eiank hcreunCer; (ii) to tran;ter tne wh~t~ or any part ot ttte Cotlateral into the name of itself or its
n~m~r.e~; (ni) to vota the Col~ateral; (w~ to noUfy th- obtcgora on any Coiiateral tu make pa~ment to Hank ot any amounts due or to become dua
tr.r:-~n; (v) to dema~d, sue tar, coll~ct, or mai:e any compromise or se[ttam~nL it deams desirahlz with rafertnte to tFG C01lattral; and (vij to taic~
posszss~on or con2rol ot any prcceeds oi Collateral. ~ _
~ E3ank Is her!by qiven a lien upon and a aecurity Interest irt all property ot each Obligor now or at any time hereafter tn the poasession c+t Sanit
• In any ca03city vnhaLaoever, Inc!uding but not limited to any balance or share o! any depasit, trust, or agancy atcount, as_sacurity for tha paymsnt
E` of ;h~s note, and a s~m+~ar hen apon aad seturiLy interest in all suc~ property ot e~ch fdaker as security (or the payment of atl other tfaLilitits of
' c~c~ ~1aR_r to flank, an3 Q~nk aha11 have the sama riph.s a~ to such property aa it has with respsct ta ths CollateraL _
I~- , If Bank deems itself tnse-ure o: upo~ the occurrence of any deta~~lt he~eunder Bank shalt have atl the rtmedies of a stcured party under .the
Un~:orm Commtrcial Code to: the State of ~torida and, without limiting tha generality of the toregoiny, Bank shall have tne ri~ht, at its op:ion.
and •.w:iaut noti_a or d.nand, to d°ct~:e 'he entire amo~nt ot this note r"maining unpaid, and atl other liabilities ot any obti~or or any oi su~h
liabii~:ies s-!ected by 8~nk, immediatety due and payabte, Iess' any unearnctil interost :,r other eharges and any rtbates roquired by law (it 6einp .
the inc^~tion htrcof that cnder r.o cirr~rn>tances sha11 Bank er any holder hereof be entitled to receive at any time any charges nnt allowed or
p:rnitted by law or any inie~eat in excess ot the maximum altowed by lawj; to set off against this note all money-owed L,y Bank `n any capacity
- to ea='~ or ahy Obligar, ~vheiher or nai due, and atso to set off agsinst all oihe~ liabiliRies of each Maker to Rank ~If mcnty owad by Bank in any
capicity to eacfi or any t.taker; and 6ank shall he deemed to have exercis~ti such right ot set otf and to have made a chanfle against any sucA monzy
Imm°~iai?ly upon thz occurrente of such d.(ault even though Suth char~._ is made or entered on the books of H~nk subsequent thertto. Unless the
Collateral is ~~rishabl•_ or threatens ta d~clin: speedily in v~lu~ Or is ot a type customarily suld on a recognlzed market, Bank wili give llaker reaso~-
able r.o:ica c? the tima and ptace ef any pu6ti~ or private sate thereot. TFe requirErn~nt of reasunabte notice shali be met -i! such not~ce is rt~ail_d,
pa;:i,a prepaid, to an~ tAake~ at the ad3res; g~ven b~low or at any other addrtss sho.vn on the resords ot th~ Baak, ai Isast ten days b=fora the i~me
of ti:° sate. Up~n dispoaition cf any Goltateral after the occurrence cf any detautt hereunder, Pdak°r shafl Ee and remain liab~e for any deticiency;
ar.i Biak shail account to t.Iak^_r ior ar.y surpius, b~t Bank shafl hav? the right to apply atl or any pa~t ot sacn surplus (or to hotd the ssme as a
resar~e) agair.st any and all o:ner I~abih:ies of cach or any Make~ to Bank. _ _
No delay cr omission on the part of Bank In exerci3ing any rlght her~under shall operate as a ~vaivzr of such riSht er_ ot ar.y otF.ar riDht ~nder
this note_ i~:e;entment, demar.d, protes: an~ notice of dishonor, are hereby rraived by eath ar,d every O!+ligor. The Obligors, Joi~tly and s'.vtrally.
- pryr.is_ and agree to pay all cos;s of cot!zctian and reasonab!e attorney's te_s incwred or paid bY Ba~k in enfarcin9 :his nott u~cn th° wcurrosce ot
aaj ce.'acl!. Ary notise to P.!ak~r sh~!i 6? s~f:iciently s!rved tor all purposts if placed tn th? mai1, postage F~epaid, addressed to, or ~eft upon ti~e
prer~<srs ac. th, address shown below or a~y other address shcwn on 9~nk's rtcords. - -
Ea~n G~:i:j~r nere~y expressly con;~r,is to any and aIl ertens~ons and rtnewais, In whola or In part, and atl de~~ys In time ot paym>nt or ethtr
Fertu~r.~ ~~ce •..~~c~ th: hots~r hereof may g:ant or p~r~~iit at any tirt:e and frem tima to time without limitat~en a~J tiv~thout aay natice to or furLher
cons~nt ct ~ay OCfigor. ' .
MOE IC TRUS/GROVE , I~7C. .
-eoox ~'~0 F~c~ - ~4~ ~i,
r ~ ~t ~ = ~ -
11475 Tur 1 B B L--~?L~j ~~'"L
~,~-~R~~s: _ e_ each_ Ro~cL__ Y'-- t' - ---~SEALI
_ North Palm n~a~h, Florida Donald K. P4oe, Sr., ~reside;~t
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33408
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