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3. Ter• •~iote°. The term "Note" as used in the Mortgage
including, but not limited to, as it is used in paragraph 15 of
the Mortgage, shall include Within its meaning the notes secured
by the Mortgage and the Future Advance Note, and each of said
notes shall be secured by the Mortgage, to the same extent as if
such notes had been executed and delivered by Mortgagor to
Mortgagee on the date of the Mortgage. By way of illustration
and not limitation, as set forth in paragraph 7 of the Mortgage
Modification Agreement, the Future Advance Nate shall evidence a
revolving loan such that the loan evidenced thereby may revolve ~
during the term of said Future Advance Note and, accordingly,
during the term thereof, the Mortgagor may borrow up to the
maximum principal amount evidenced by the Future Advance Note,
may pay all or a portion of such principal amount of said Future
Advance Note, and may reborrow up to such maximum principal
amount, al~ subject to the terms and conditions of the Future
Advance Note and the Mortgag e.
4. Ref erence to Mort9 aq e. The Future Advance Note has
been executed and delivered to the Mortgag ee by the Mortgagor in
accordance with the provisions of paragraph 15 of the Mortgage
providing for future advances and this Notice has been executed
and delivered to the Mortgagee and will be recorded in the Public
Records of Indian River, Martin and St. Lucie Counties also in
accordance with the provisions of paragraph 15 of the Mortgag e,
with the force and eff ect tha~ the Mortgage shall secure (with
the same priority) the payment of the Future Advance Note.
IN WITNESS WHEREOF, the Mortg agor has caused this Notice
of Future Advances to be duly executed as of the date first above
~ set forth.
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~ Signed, sealed and delivered B~C~R HOLDING CORPOR~TIOiN
~ in the presence of:
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By
~ Richard E. Beck r, Presiden~ i
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As to the "Mortgagor' (CORPORATE SEAL) ° ~ ~p~n~~''•. ~
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~ S~ATE OF FLORI DA r="%~~~ Y I
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~ Th~ foregoing instrument was acknowledged before me this''"'~"'~
~ ~day of January, 1986, by Richard E. Becker, as the Preaident
of Becker Holding Corporation, a Florida corporation, on behalf
of the corporation.
~ .r•NN-•:.; N t ar y Pub 1 i c
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1,~' M COl[lIA1S31~A ex iresQ ~TARY W?LIC STATE OF il03Ip~
y P• MT GO!ir15S;ON EI(P. OC~. 3,14_8
- p`` BOr;zO T~:RU G~:1EkAl 3YS. UMD.
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x;"s;~•''~~ RSF8RSi1CBS R~GARDIHG PPiYlIBNT OF DOCIIl~tITARY
~'~.;~~J-s~~;~..-~"~ S?1~1MP TA88S ~ND IpT~DiGIBLE T~ZBS
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With respect to documentary stamp taxes on the Future
Advance Note, to which this Notice relates, they have been paid
on the F~ture Advance No~e pursuant to a Department of Revenue
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