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If, prior to the receipt by Mortgagee of any such
condemnation award or payment, the Mortgaged Property shall have
been sold on foreclosure of this Mortgage, Mortgagee shall have ~
the right to receive said award or payment to the extent of any -
deficiency found to be due upon such sale, with legal interest
thereon, whether or not a deficiency judgment on this Mortgage
shall have been sought or recovered or denied, and of Che
reasonable counsel fPes, costs and disbursements incurred by
Mortgagee in connection therewith.
1,10 Securitv Aqreement. With respect to the machinery,
apparatus, equipment, fittings, fixtures, building supplies and
materials, articles of personal property referred to or described
in this Mortgage, or in any way connected with the use and :
enjoyment of the Mortgaged Property, this Mortgage is hereby made
and declared to be a securitiy agreement encumbering eacn and
every item of such property included herein ~s a part of the -
Mortgaged Property, in compliance with the provisions of the
Uniform Commercial Code as enacted in the State of Florida. Jpon =
request by Mortgagee, at any time and from time to time, a
financing statement or statements reciting this Mortgage to be a "
security agreement affecting all of such property shall be
executed by Mortgagor and Mortgagee and appropriately filed. The ,
remedies for any violation of the covenants, terms and conditions
of the security agreement contained in this Mortgage shall be (i)
as prescribed herein, or (ii) as prescribed by general law, or
(iii) prescribed by the specific statutory consequenc~s now or
hereafter enacted and specified in said Uniform Commercial Code,
all at Mortgagee's sole election. Mortgagor and Mortgagee agree
that the filing of any such financing statement or statements in
the records normally having to do with personal property shall
not in any way affect the agreement of Mortgagor and Mortgagee
that everything used in connection with the production of income
from the Mortgaged Property or adapted for use therein, or which =
is described or reflected in this Mortgage, is, and at all times -
and for all purposes and in all proceedings, legal or equitable,
shall be, regarded as part of the real estate conveyed hereby
regardless of whether (i) any such item is physically attached to
the imp~'ovements, (ii) serial numbers are used for the better
identification of certain items capable of being thus identified
in an exhibit to this Mortgage, or (iii) any such item is
referred to or reflected in any such financing statement or
statements so fi2ed at arty time. Similarly, the mention in any
such financing statement or statements of the rights in and t~
(i) the proceeds or any fire and/or haz~rd insurance policy, or
(ii) any award in eminent domain proceer~ings for a taking or for
loss of value, or (iii) Mortgagor's interest as lessor in any
present or future lease or rights to income growing out of the
~ use and/or occupan~y of the Mortgaged Property, whether pursuant
to lease or otherwise, shall not in any way alter any of the
rights of Mortgagee as determined by this Mortgage or affect the
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' 60fK 5~~ f'AGE 96~
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