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Home My WebLink About0924 Official Recorda Date of Book and Page Couaty Recordinq of Recording Indian River County November 26, 1985 Official Records Book 0722, Page 1279 Martin County November 18, 1985 Official Records Book 0656, Page 1362 St. Lucie County December 3, 1985 Official Records Book 0484, Page 0509 and NHSRB~iS, each Mortgage, as modified by each Mortgage Modification Agreement, are hereinafter collectively referred to as the "Mortgage"; and WHSRI3i~?S, the Mortgagee is the owner and holder of the Mortgage. {and the promissory notes secured thereby) all of which secure payment of the oblig ations identified therein; and i?ISBRB~iS, paragraph number 15 of the Mortgage provides that the Mortgagee may at its sole option make future and further advances from time to time so that the aggregate amount of principal in8ebtedness evidenced by the note or notes secured thereby and any note issued pursuant to this Notice does not ~ exceed the principal araount of $20,000,000.00; and ~ ii'HSRB~.S, the Mortgagor has requested the Mortgagee ta ; extend to the Mortgagor an additional line of credit (the "Future Advance") up to the amount of $2,000,000.00, and the Mortgagee is prepared to do so provided the promissory note evidencing said additional advance is secured by the Mortgage; and ~ y1HBRB~S, to evidence said Future Advance, the Mortgagor ; has ~xecuted and delivered to the Mortg agee its certain ~ promissory note (the "Future Advance Note") ciated December 16, 1985 in the amount of $2,000,000.00, a copy of which Future ~ Advance Note is attached hereto as Exhibit "A"; and ~ ~ iiHBRB~S, the Moxtgage is to secure the Future Advance ~ Note; and ~ ~ ~I8$RB~S, the Mortgagee has agreed to make the Future € Advance on the terms and conditions set forth herein, but not ' otherwise. ~ ~ r gOii, THBRSFORB, in consideration of the premises, the ~ parties hereto hereby agree as follows: ~ i ~ 1. Future ridvance. In order to evidence the Future . Advance, Mortgagor has executed and delivered to the Mortgagee ' the Future Adv ance Note. 2. Mortgage to Secure Future ~idvance. Payment of the Future Advance Note shall be secured by the Mortg ag e, with the ' ' same force and eff ect as if the Future Advance Note had been made at the time the Mortgag e was originally executed and the Mortgage ~ , originally secured the Future Advance Note. E E 8Q?K p«i~ [ ~ _ - ~ , _ . _ . . _ - ~ - ~ , _ _ _ - .