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tain a full and ac~-~~ratr scK ~~f txx~lcti :u~d re~'ont~ sh~~w~ing all the ~Ie>nk:~cY nuy h:~~•e un~kr ~his ~lan~r ~~r un~r~ the la~~sof Fle~rida.
~ m:+tters atxn•r specifieel, and shall ~xrmit Mong:~c~c a~ an~• timr te, lhe rrreiEx anel appli~htiun hy Mor.gagt~c «f such incume punu:int
ins~~Y and au~lit all Me~rt~or's txx>k~ ~~f acYYxm~, r~~~nl.. ;~ncl hercKO,,t~:ill ncx cure any~ hrr~ach or drfault, iior :ifT~~t an~~ procec~cling
Ex~~xn relaiing an~• c~f the fon~oinK m•rtters. In thr c~~cn[ any such institutetf b)• reax>n thrmof. but such ina~me, (e~s aU ~Yxus of c~x~-
- au~lit is r.~uu~l to he macfe by [~1onKa}{er hy nau~n ~~'the faih~re uf atiem:~nd maintrnancr, wt~en rc*ceivc~el by MongaKee. sl~:~ll heapplic~i
Monk:~ur tu comply with an~~ ~~f the fi~regoink pm~•isio~~.., then in rc~ciuaion of the entim indehtcYlness fn>m Ume to time sc~cured
~1onK;~ur sh:ill pay to Mortga~c.^r u~xm deman~t all rx~x ~LC« incur- rch~~ l~lung:~or s1~U ~ot in any manner otuw~Y or interfere with
n~.l h~~ (~longa~;ee im m~nection w~ith such audit. any of MonA~c*e's righ4s under this Paragraph 16. In ~he e.~•ent
Nunr u[ the pro~~icioi~,~ of this P.in~graph 11 sl~all lk a~lirable ~1unKagee ac~s under ~hr pnrvisions of this P.+ragraph 16, ~tonKagor _
su lung a. tl~e p~Y~{xn~~ is ~sidential in n~tum snd d~wignec) For shaU pa~~ a un•im d~.zrge in an amuunt c~c~ual to fl~~t ~xrcent (5~)
_ cxrup:inc~~ hy Ic~s than fi~~r (5) f:imilic~s. uf all i~cY~me ~Y~Ilected by MonKage.-~.
12. l)A.AtAGF.'In OR CONDE~INATION OI' PROPEItIY. An~~ awanl 17. l1~xm reyuc~s~ uf ~tongagur, ~tortgag~Y ma~; at i~s x~lr c~xic?n,
c~f damaRch or com~xnsation fi~r injut~• tu, or in ~Y~npectiun a~ith arii• ~ ;(rpm time to dme m:il:e future ad~ancc~ to Afortkagor: pm~~idctil,
_ condemnation for public uce c~f the pn~rtp or an~~ pan therc~f, or lio«~e~~er, that such a~l~ancc~ am madr within twent?• (20) ~•ean from
- any pnxec.~ls e~f an~~ uKdemrrn with rc~spect to a rondemnaticm the elate herc~~t and that the uxal principal secun.~ci i~reby and
whether or ncx eminent domain pnxeeclin~s ha~~e txrn in.tituted, ~m:+ining unpaiJ, including an~~ such achanms, shall ncx at any time
shall bc: and is hen~~~ acsignc~l h}• Mortgag~~r and .hall be ~id t<> ~xceecl the a~regate oLLUanding principal sum of
~tonfiager, who ma~~ a~l~; use or rel~asr the amount then~f in the f 0.00 plus any disbursemen~s made hy {~tongagc~c
~:+me mannrr ac in Par.igr.iph 2 pro~•idc~ti for the prcxectil~ of fim or for ~he pa}~ment of taxes, le~~ic~s, or insurance on the ~tongageci
~Kher insur.~nce. Pn~pert~; w~ith interc~t on such dishur,ements at the default rate
praeideci in promitx~n• nae u•curc~cl herel~~~ ~tongag~~r shall rxecute
li. ()ENF.FICIA}tl':'+ CONtiEM' REQI~IltE[). ~tun~~g~~c ma~• de- and deli~~rr to Dlongagee a n~xe evid~ncing c~ach and e.K~ery such
dare all sun~.s xcvrtYi herc~~• imme.~cllately dur and pa}:~ble ~~•ithin future advance «~hich MortRagcK: may make, and such d<~imen4s as
~ 30 efa}~ after surh declaration exrept ac cxpressiy IimitcYl hy la«; if ~{~»Kagcr ma~• reyuim to reflect tl~t such ncxe is securc~cl hereh~~
i~ton~agar, ~~~ithout ~iongaKc~ :.~prior wTiurn amsent: (a) sells, cun- ~~~,rtk;~gor shall pa~• all such future ad~ances with interest providc*ci
; ~ti~~, a>ntra~~.~ to sell, alienatc~+ or funher enct~mhers ali or any part ~~~~mFor, and the same, and each nae t~~ieiencing the same, shall be
of the pn~pen}; or (t~) lea~ all or an~~ part the prc~xny for a x.~-~~~ h~hing herein containecl shall ~ligatr Afortgagee
term, tc~gether with all exerci~aMe o~xion.e, of 5 y~ears or more; e>r to m:ilce an~• such future ad~anc~c. 71x wY~rd "Atortgagor" :~t u.sed
(c) suffers the title or an~~ interest in the secureJ pn>~rt~~ be in this paragraph, inclucles any succes.wr in ownership of the
di~ti~tc~l, ~a•hether ~~~luntaril~• or imY~luntaril~; ur (d) changc~ ur ~lortg:~ed Prc~erq• or an~• part thercY>C 'Ihe «~rd "MongaKee" as
~xrmits to tx changed the chara~Yer or i~se of the pro~x:rry'; or (e) usec! in this paraKraph includcw anp at~iknee ~~f ~tortKxgc~.
is a Ex~nnenhip and an~~ of the general partners intcrescti are trans- .
- Ferrc~cl or :icsigned, afiether ~•oluntaril}• or im~c~luntarily; or (n is a ~g. hFES. Atungagor shall pa~• to ~tortgaRre thr ma.rimum
r~~r~x~r.ttion ~a7th fe~rer than 100 suxkholders at the clate uf exc~~uion ;~~~~~~un~ ac ma~• from time to time he perniittecl bp law for furnishing
uf this ,~tortRage and morr than 10% ~~f i~~ ~~apital stex•k is se~l~i, in ~Y>nnection w-ith the d~ligaticros secureci hereh}; each uatement
tr.insferrc~c! ~?r :~c~i}~nt~c1 durinK a 12-mond~ ~xriixl. punuant to any statute at the time then in force. Additionally,
1-i. NO VVAIVER. ~lort~igc~c M• accc-pting payment ~>f an~~ ~um ~tonRaKor sl~:ill pa?~ ~1on~ge.~ ti f~~es, charges and expensc~s for any
_ scYZ~red herc~l~~~ after i4s ~ut ~late, or h~~ making pa?~ment e~r taking ~xher uatement, information or sen•icc~ furnishctil bp Mortgagec~ in
am• a~~ion ~vhich, ~inder the pm~•isions herc~c~f ~lortgakee is entiUecl «>nnection with the r~ligatio~~.c x~curecl hereby~ Said sen~ces may
- but nex ~~liRatctf to m:tke or take, ~~r by forix.~ring from enfo:cinK ~~~clude, but shall neN tx limited to, the procc~sing by ~tortgagee, o(
am• i~f its rights, shall ncH tx deemrd to ha~•e «aivecl it5 riKht te> ~~*tiumptions, sui~titutionti, moclifications, extensions, renc~sals, sut>
t~; reyuire payment from or action h}• ~tongagor and to drelare a de(wlt °~~nations, resci~.sioati, changc~ e~f e~w~ner, th~ pn~cc~sing of, or
joinder in the execution of, an~• map, plat sun~.~}~ or <xher instrument
for ~1unRagur s failure to cfo u~. a((~~~~i~R or describing the prcxx rt~~ (including all «~corclin~ axus),
In the e~•ent ~kmgagc*e should exprc~sl~• ~.ai~~c an~• rights under r~~corefation of map, plat or recorcl of sun~e}; gran~s of c:~sements,
am- pro~•isions this ~fongage, such ~~~i~~er shaU ncx ix d~~cm~Y1 a anJ full :uiJ partial releates, and the otxaining hJ• ;~tongagee of any.
~ ~~ai~-rr of anc• riKhts \1urtg;a,~ee may ha~r subsc~yuentl~~ r~^c~uirr ~x~liries of insurance pursuant tc> an~~ of the prc,~isic>ns mrnainecl in
pa~•ment ircym or ac~iu» b~~ ~fong:~g~>r and tu dc~clarr a d~fault f~~r this U~mgaKc.
~t~>nKaKor's failure to do u~.
i9. V~'AI\7iR OF STA71tTE OF 1_I~tlTATIOti1. Atort~?Kur hereb}.
14. ASti[GN~tEM: ,~fort~aK~r hereb}' 1ltiigns and transfen tu «;i~~•t~, to the fullest estent Fxrmi~.sible b~• law; thr uatute of limita-
I~`~ ~tortg:~gce during the continuanre ~>f this l:tortRaKe, all rrnec, ictiues,
xofits, rc altic~s, tolls, earnin and inconx: of the ro rty includin ~~"ns :is a defen.5e to an}• demand or c~l~ligaticro securc~ci h?• this
- I n i~ " P{~ K ~turtKa~;e.
theKe arising by re~swn ~~f' an~• oil, ~s or mineral Ir~se therc~~f, and
all in5tallmen~t of mcme}• ~ra}ahle pursuant to any contract of salr zp. GE`EKAI. PFtO~'ISIO\S
' or lea~e relating to the pro~tty or any pan thereof (hereinafter
~ referrcci to coltecti~•el ~ as "ina?me"), t~ ether with the ri n, ~w•er -
~ ) ~K Kt Fx A 71ie term "Mort~aKor" shall m~:~n all pani~~ rxecuting
and authorit~• to coltece and retain all such income as it hecomc~ this ~tortgage as ~tortp,aKor, their respc~-ti~•r txirs. Ic~atec.~s, de-
due and Exi}~le. .VI income recei~•ed h~~ ~tortgagee ~hrewKh i~~e ~•iu~c~+, aciministrat~~rs, executors, succcs~~rs in intereu and as-
~xercise of the forc~uing assignment, less all expenscs, (includinK sign's, pm~idc~i that ~torty,agcti shall nix ix c~t~ligatecl to gi~•e
- rc~semable attorne}s' fec~s) inc~irrE~ci b~• l~tortp,a~~ in ce~ll~Y~ting such any ncxice rc~c~uirctil hereunder to am• ~1onKaKor exher than as
income shall tx applieel hp ~tonF;agc*e on am• indeFxc~inc~s se~cureei stx>w~n on the fxe page herc~c>f.
b~• this ~fc>rtgage at such time and in the manner and amount ~s
~lortgagee may decermine. V~'ith~wt limiting the generality of' thc B. The term ".~tonRaKc-c" shal! mean the ow~ner and holder
- fore.~oing, such a~liration ma~• indude pa~nnent of prriexiic in~;tall- ( including a pledgee) of the nexe sec~rcY1 hereb~; wh~~ther or
~ ments of principal and interc~st, or reJuaion of the princi~ral balamm ~~x namc~i as ~tortK:+Kcr hemin.
or reimbursement to ~fongagee pro~•idect in ParaRraph 8. The
foregoing assiKnment is intended as an acsip,nment to take etic~cY C. E~•er~~ prervision uf th~ ~tony,agr im~xning u~x~n
~ onl}• upon a default b}~ Dtony,agor in an~~ of AtonKagor's ~~hlig~~ic~ns ~torty,agor an ~~IiRation to perfixm an act, or emtxxlying an
g a reement b~• Mort a or te~ rform an act, shall be construeci
3. unJer this ~te>rtgage, and MortgaRc~r accordingl~• rc~sen•c~ the riKht, K K R (k
a prior to any such default, to collect and retain all such incomr a, it ac ohliKating ~tortRagor to pay all ccnts and expeau~ relatinK
~ becomes due and pa~~able. ther~~to.
~ 1G. I)EFAUI.T [3Y t~tOKT'G~GOtt t`~m default bp MurtgaKc>r in D.Intheeventanypnn•isionhen~c~fshallbedeclareclim-alid
` pa}Tnent c~f any in~Jebtednc~s secureci, or in the ~xrformanre of anp e>r unenformable through a final judgem~nt in a court lia~~ng
= c~liRaticxi impc,seci u~wn Mongagor, by this Mortgag~, Mort~r~ee «~mpetent juristtiction, the ~alidity or enforceabili~y of an~• c~f
~ ma}:withcwtncxiceandw7thcwtrcgardtotheacleyuac}•ofthetec~irit~• ~~x remaining terms ixrc~c~f shall ncx tx theretn• impaireci.
= fix the indetxc~c)ness securecl hereby, either perscmall~• or by attome}•
~ cxagent,withcwtbringinganyactionorproceecling,w•ithcwtentering E. In this ~tortp,age, w•here~•er the context so rc~quirr~, the;
inro {xxsetsion of the prc~{xrt~: or hy recei~•er a~ be a{~inteci bp max-uline gender includes the feminine and neuter, the singular
a ccwrt, (a) enter into Ex~ssc~sion ancl hold, occv~n; ~xxssess and numtkr incluek~s the plural, and ~tice versa, and if more than
en the rc h m:ilce, ranrel, enforce, mcxfi or terminatr une person is namc~l ac A1ort~or, [Ile (~Il~ll(N15 ~~OftfT,3~,Of
~~m' ~ shall be the joint and sc~•eral c~ligaticxu of each person.
lea.~: (c) c~txain :uxl ejec~ tenan~s; (d) set or mcxlify rentc; (e) takr.
receive and collect aU or any pact ~f the ren~s, icsues, pr~~ts. «ryaltic~, F. 71ie term "attornc~s fees" shall incluck all caus, espenses
tolls, earnin~s, income anc! installments ( hereinafter refermd to col- and att~~rne~s fees incurrecl prior t<~ the inuitution e~f am~ prexeed-
Iec~i~•el~' 35 ~~income") as it hecomes due and pa}able. After ~raying ~nR, during the ~xndenc~~ thereof, arxl at all le~~els c?F apFxal.
such ccMts of maintenance and operaticm of the pr<~erty as it in its
judy,ment may cieem prc~er, btort~gee may apply the balance u~n G. Captions and Fraragraph headings usecl herein are for
the entire inclebtedness then secured herc~}~'fhe acceptance c~f such c~>m•enience onlJ• and are not a Erart of this agreement and shall
income shall na mnuitute a w~ai~~er c~f an}• cxher right wfiich ncx be usecl in cY~n.uruing it.
PA~GE 3- Al)Jl5TAB1E MORTGAGE DEED gooK PacE 96s
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