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i.iin a full :ind acczir.ttr .et ~>f ixwkti anJ rctiur~l. sh~nvinK all thr ~tun~:?g~~ mayhaveun~erthisl~lurt~rorunde~ttx ta~~~sufFturida.
~n:utrn alx~~•e s~~ificYl. and shall pern~it tit~m~aKcr at ;in~~ time eu ~(j~~ n,Yei{x a~d apptic:~tiun b~~ ~tung~ee e~(.ueh inn~n~e pursu:uu ~
~iu~yc~~[ and audit :d) 1~tongakor :ti Fxx>kc ~~f am>un~, n~~~rdc, and h~~r~KU, shall n~x curr any h~
tch or drfault, nor affctiY an~~ prorec^dinK
~~:iEk n rrlating a~ any uf the forc~~~ing mattrn. In the e~~nt any such ii~.,tituteet hy rc.~um ~hecc~~f, but such income, Ie~. all ax~ts of ~~xr- ~
au~li~ i~ ~;u~..~~cl to tx ma~le hy Mong:~t~ hy rc.iu~n of the faihim oF ation an~l maintrnanre, when n.~~c i~^c~i b~•,~tortK:~t~c, st~all hr applic~c! ~
~tun~;a~or t~~ a~mpl~~ ~vith any uf the fi~rc~r~ing prtn•isioi~ti, tl~en in rc^clucYi<m e~f the e~~tire i~~dehtrYln~~~ fn>m ilm~ tu time scru~xl
~tun~;:+~;c~r shaN pa~• to A1on~ge.~c u~x~n dtmand all rxFxiu~~ incur- hereh~: \tortg:~;c~r sha4 ncx in an~• nr.?nner ~~ta+truct or interfrre with
rc•~I hy 11~m~:~gc~c im m~nection ~~~i~h such audit. . any •of ~tongag~~c's righ4s un~le~ this Paragraph 1G. In the event
None of the pro~~isiaiu this P.~ra~;raph ll sh:ill he applir,ible ' ~tonkager a~~t.s un~irr the provisic~ns uf this Par.~r,iph 16. ,11on~;a~;or
,u li~n~; :u the pn~{xrty is rcwi~iential in naturc :in~ ~tthi~ntYl fi?r shall pay a sen~lc~ cik~rRe in an :?mount c~e~ual to fl~•e jxrcent (S%)
~x~~u~x+nc~• h~~ Ic~+s than fi~~c (5) f:m~ilics. uf all inaimc cc~llect~~1 hy Aiongagc~. ~ I
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12. DA,~LIGEIY) OR COVDEAINATION OF PKOPF.R'IY. M~• awar~l 17. li~x>n rc~c~urst of ~tongagur, D1ortKagee ma}: at icc se~le <~xeon,
uf ~i:unaKc~ ~x cum~xa~:ition for iniun~ to, <x i~~ cun~~c~eliun ~vith an>' fn»~t time tu time make futum ad~:u~rc~+ tu ~1ortK:?g~ir: pni~~ided,
~+~nclc•mnation fi~r public u.tie of the propen~~ or an~• pan thenruf, ur hu~ti•ever, that surh aJ~:inrc~+ are madr within twrnq~ (20) ~~c.~rs From
am• pnx~~c~i, of am• sc~tttement ~~~ith rc~pc.~'t t~~ a condemnatic~it thc d:ue her~~~f and that the texal principal scn~nxl hereb~~ and t
hi thrr ur n<x eminent ~fomain pr~xex.~iin~s ha~•e Ix~cn in~titutc~cl, repiaininK unpaid, inrluding an~• such ad~anrc~, shall n<x at any time {
,haU be and is hrreh~• a,.+ignc~el bp Atort~,r~kor and shaU I~e ~x~id t~~ rsrec-d the aggregate oustanding principal sum of
~t~m~;agc~c, ~.~ho ma~~ appl}; tiu ~~r rrlc:~.~e thr ame~unt themf in the : 0.00 plus any disbursemen~s made by Uorigagee ~
~.unr manarr a~ in I',uaKr.~~~h 2 pn~~•id~~ci fix the pnxY~Ylti of fim ur G>r die pay~nent uf tax~s, levic~s, or insurancY on the ~fortgagecl
uther iiitiur.~nce. Pn~pert~; K7II1 interest on such disbursemen4s at th~ default ntc
pro~7dc~ef in promis,a~r}• n~xe secunxi hereb~: ~tortgagor shal! execute
13. BF.NEFICWItI"ti CONSFNT FtEQU1ttEU. ,~turtk:?~~Y m:+~~ ~Ir- :ind deli~~cr to Atortgagc~ a nexr ~~~idencing tach and r~~ery ~uch =
rl;ir~ all ~un~.+ u~vrec.l hereb~~ immeciiatetp dur and pa~ahle .~•ichin fu~ure aJ~ance w~hich MorcgaKee may make, anei such ei<xvments as
iU ~iay~ after such elrclaration rxceEx ati rxprc~slp limitaf by ta~ti; if ~~~>nRagee map n*yuire te~ reflrct that such note is scYUreci hereh~~
~tunKaKor. ~~~ith~wt ~lurtK:?k~~'s prior «Titten roa~~nr. (a) ulls, run- ;~tong:~or shall pay all such future ad~ances v~7th intrrest pre~videci
ron[r,ias te~ sell, alienatc~ or funF~er rncumtxrs all or an~~ pan ~~~t~for, and the same, and each note c~7dencing the same, shall be
~~f the pro~rt~; or (b) Icati~~ aU or an~~ part c~f the pre~pect}• fi~r a ~.~urec! he~rh}~ Nahing herrim m~tained sh:~l) ohligate ,1lortgagee
i~:~li. ti%FjCiiict 4;2E~: C•:t'r~•ic~F~IN ~,nri~.~~c,~nf 5~•r.~rs ~x nuxe: or r~~ ni•~4r+ any c~l~h fi~~t~rP atlv~nres. The wY?nl ~~~tOfIQ:1~,OC~ :iS 11.5f.'l~
lr) SU~TI'fS IIIC title c~r an~• interc~+t in the sc~-urcd pm~xrty to be ;i~ this par,~graph, includes an~• succecwr in cra•nership of ihe ,
~li~•~stctii. a•ht~thcr vutuntaril~' ur im•i~luntaril~; or (d) chanKrs ~>r \lonKaged Pmpe~m• or an~• part tliere.~e~f The c.~ord "htortgagc~' ati
~xrmiLti to t~ ChanKecl the rhar.icter <>r u.u of the pro~xrt)~; or (e) i~u~ci iii this paragraph includc~ any:~ksiK»re of ~lungage.~c. -
is a partnrnhip and an?• of the gcner.~l panners' interc.~stti are tr.~ns•
fr:rrcYi or ac.iKn~Yl. «•hether ~~~luntarily or ineoluntarih; or is a 18. FEHS. ~tongaRor sl~ll pay to .~tonkagee the maximum
curpor.~tion ~~~iti~ frw~rr than 100 st~xkhot~ien at the elate of ext~ition ;~mount ac may frum time to time t~e pemiittc~.1 b~• (aw Fefr fumishinR
~~f this ,~turtf;;~Ke :ind nt~~re than 10~K of i~s c:~pita! st~xk i~ si~ld, ~n amnecYion w~ith the c~ligations secureci hereby, each statement ~
[r:?nsferc~~l ~x ;~.sign~Kl elurinK a 12-m<~nth prriocl. nunuant t<> am~ stawte at the time then in (orre. Additionall~: ~
1-~. 10 ~C4Vt1:R. ,~t~~nka~er h}~ acrepting pa}~mern e~f am• :um ~1unKagor ~iull pa~• \iongag~~'~ fees, chargc~s and exExnsc~s fi>r an~• i
.e~c•ur~t! herebi~ :ifter its dur ei:ue, or b~• makink pa~•ment or t:il:inK ~uher statement, information ur sen7ces furnishect b}' Atortgagee in ~
an~~ a~Yion ~ehich. unJer tlie pn~~•isic~s~s herc-of ~tortg:~kee is entidt~.l ~onneeYion with the c~ligatie~ns se~cvred hereh}: Said un~ces ma~• s
h~n ncu ~~t~ligated tu make i~r take, or hy fi~rhenring fmm enforcinK ~nclude, hut shall n<x br limited to, the prcx~.~sing h~• ~tony:~Kee, of =
;in}~ ~~f itti righcti, stiall not tx ctermcx! to h:n~e ~~.~i~•c~cl ieti righ~ u~ ~~~~umptions, sutxtitutions, m<xiifir.uiu~u, rxtensio~s, renc,~sats, sutr
rrquire papment from ur aruun t>~~ \ie~rt~ak<~r and to dcrlarr a~lef~ule ~~rdinations, rc~+ci.s.sians, chanRes of v~i~ner, the prexc~sing of, or
, f~>r ~lurtRaKor ~ failum to do so. j<~indcr in the execution oF, an}• map, plat ,u~~e}• or <xher instrument -
, alTirtinK or d~~crihing the pn~pe n}~ (including all rc~cording cextes),
~ In the c~•ent Vunga~;c~ should ex~re~tilp ~~ai~•e an}~ righ4s un~ler rc'r<~rel:ition of map, plat or rc~~re1 ~~C sun•t~; grants of easemen~s,
; am• pn>~~isio~~.~ o~ this At<~rt~~;e, such w~i~•er shaH ncx t~c ~c~cmc~cl a and full and p:tRial relc.uc~+, and the uFxaining hy ~1t~rtgagee of anp
; c~:~i~~er of an}• riKh~ti ~1onRaRc~ n~a~~ have suhscyurntl~• to rcY~uire Ex~licirs uf insurance punuant to an}• of the pn>~•isie?ns containt~ct in
~r,i~•ment from ~x .t~Yion h)• \liirtgaK<~r and to dc~clare a default fc~r thiti \Songagr.
~t~ingagur's Cailure to Jc~ u~. . 3
29- UC'Al~'Elt Of~ 1TA7't!'TE OF !.l111TATIO~J. ~fortgagur her~fi~• ~
15. AtiSIGN1IFNT ~tortKa~or hereby aatiikns an~1 tra~ufers t~~ ~ti;{~~•tt, tc~ thr fulleu extent permis.~ible h~• la~.~, the statute of limita- ~
~tur:y,agc~ during the continuance of this ~io~tgage, all rrnts, i~tiues, ~
tiuns a,~ a Jefei~.k to an}• demand or ohligation sc~~red h~• this ;
prc~fits, rc~-~Ities, tolls, earnin~{s and income cif the pr<>pern• inctudinK ~~~~rt~A~~ :
th~r;e arising b}• rc:~u~n <~f am• oil, ~as or mi~~era) Ir~.ise theren>f, and
:~il inst:illmencs of monr~• pa~able punuant to am• contraa of ~:~Ie 20. GENE[2rU. PRO\`ISIO~ti
ur I~~ce relating to the pro~xrn• or any patt thert~c>f (hereinaher
referrc~l te> colleeti~•el}• as "income"), t~~~~the[- w•ith the riglu, pcfa•er A The terni "~tortgaKor" shall mcan all panirs executinK _
and authorit}~ to collect ~nd rrtain al) surh income as it tx.~a>mes d~is ~1c~rtgage :u \torty,agor, th~ir r~~pc~eli~~c hein, Ic~ate~. de-
due and pa~~ble. rVl income recri~•ed hy~ ~tortgagee thruuxh the ~~~~~ti, administrator.:, etecutors, succrc~c~rs in interest and ati-
exercis~ c~f the forc~uinR assignment. les.ti all expentes, lincluclin~; sig~i,, pro~~idc~ci that ~tortgag~~c shaU n~x t~e vbliRateci to kic-e
r~.tumahle attorne~s' fec~) incurre~i b}• .~tortgagc~e in collcrtin~ such an}• ncxice rc~yuirc~cl hereundrr to an}~ AfonKagor <xher than ati
income sl~al) tx applic~l hy A1c~ng:+gtti ~~n an~• indrtxc~lnc~cs secUrcYl ~~~ow•n on the face page herc~>f.
b}• this ~tongaKe :~t such time and in the manner ;~nd amount as
~tong,agc•e ma}• determine. ~'ithcwt limiting the generaliq~ oF the B. The term "Morty,ag~~e" shall mcan the e»~•ner and hulder
fcx~~oink, surh applirati<rn maq inrlude pa~~ment ~>f Exrioclic install- (~nrluding a pledgee) of the nexe securc~f hereh~; «iiether or
menGS of prinripal and interc~t, or recluction of the princi~l balanrr n~.~t nameel as ~tonKagee herein.
or reimbursement to ~titortg,agee as provideei in P~araKraph S. ll~e .
fe,r~~oing a+~signment is intended aS an ~csignment to take effc~cY C. E~•er~• provisicm o( the ~tortgaKe imJx~inK u~x>n
~>nl~• u~x,n a default h}~ UortKaRor in anJ• r>f lfongagur 4 obliKatic~ni ; ~timgagor an obligation to perform an aa. or emlxxl~~nK an
un~ler this ~It~rt~ge, anJ ~torty,~~Kor accordinKly re.~en•~s thr riKht, aK~eement b}~ Mongagor to perform an ac-t, shall i~e construeci
prior to an}• such default, to ~Y>IIecY and retain all surh inrc~me as it a~ c>hligating AtcsrtRagor to pa}• all casGS and ex~x~ises relatinK
tx•com~s due and payahle. thereto.
1G. DEFAIAT lil' ~tOR7'GAGOlL li~x~n default hy Dtortg:igor in D• tn the c~•ent an}• provision hereof sliall tx declarec! imalid
~rayment of any indebtecincxs securrci, or in the performanee of an}• or unenforcc-able thmugh a Final judgement in a court ha~~ing
~~)3i~',diiin~ i~i~~~ioi.ii u~.^v :'!8
r::~, hJ rhic A1.~n~vc~_ ;11r~rtQ7Pf'f' com~x~tent juriuliction, the ~alidity or enforceabiliq• of an~• of
ma~;vt~ith~wtnaiceandwithoutr~~arJtotheadequac?•ofthesecurin• the remaining terms nereof snaii ncx i~r ii~erc;;j° ii~~~;a~rc:;.
for the in~ebtecinc~s secureci hrreb}; either Ex rsemal!}~ or by atti~rnc~• E. In this ~iortgage; wfiereser the conte~tt sc~ requires, the
or agent, without bringing any action or pnxeecling, without c ntcring m.ixuline gender includes the feminine and neuter, the singular
into ~SSC~sian of the propert}; or by recei~•er to be appointecl hy numlxr inctudes the plural, and tiice ver:~, and if more than
a ce~un, (a) enter into pcassessi~m and hold, occupy; rxnsecs and ~~n~. ~.~,n is nameci as ~lortgagor, the c~ligations ~~f Mortp;aKor
enjen• the propeet}~; (b) make, cancel, enforce, m~~ify c>r terminate ,~~311 he tltie joint and several e~liga~ions of e~ach ~xrson.
Icau~; (c) c~Fxain and eject tenants; (d) set or mcxlif}• ren~~; (e) t:+ke,
recei.•e and collect all or any part of the rent5, is.sues, pr~~s, rcr~alties, F. 'Ihe term "anorneyS fees" shal't include all custs, expenses
tolls, eaminR,c, inmme and instatlmen~s (hereinafter referrecl to col- andatt~~rne}:sfeesincurredpriortotheinuitutionofanyprc~ceed-
lecti~•elp as "income") as it hecomes due and payable. After Fra}•inK ing, during the pendenc~~ thereof, and at a(I levels c~f a~eai.
such ec~ste of maintenance and operati~~n of the prc~ert~• as it en itti
jadp,ment may d~em proper, MortRagec: may applJ• the'balance uJx~n G. CaExions and Eraragraph headings used herein are fix
the entire inekFxecinc~s then secured hercb~~ The acc~~tance of such cvm•enience cmly and are na a pan of this agreement and shalt
income shall ncx mnstitute a v~~ai~•er of any cxher rip,fu w•hirh n~x tx u.sect im m~uruing it.
PM'rE 3- ADjl1STABIE NORfGAGE DEED BOQK PAGE 9~~
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