HomeMy WebLinkAbout0978 1
.i
1
'
I
!
' ,
` ~
~ . , ~ .
I
Indebtedness remains outstanding, eank, acting alone, shall be
entitled to administer, enforce, waive and release any and all of
Mortgagee's rights and remedies under this Mortgage (other than
the acceleration of the Secured IndebtQdness), in its own name or
in the name of Trustee and Bank as well, without the need for any
participation, consent or approval of Trustee or any registered
owners of the Honds; provided, however, that the administration,
enforcement, waiver and release of any such rights and remedies
shall require the consent of Trustee so long as Bank is in
default on its obligations under the Letter of Credit. To this
end, Trustee agrees promptly to endorse to the order of Bank any
and all checks for insurance proceeds or condemnation awards
which may be payable jointly to Trustee and Hank, collectively as
Mortgagee, upon the written request of Bank made during any
period in which Trustee's consent would not be required for Bank
to administer, enforce, waive or release the rights and remedies ~
of Mortgagee hereunder. I
IN WITNESS WNEREOF, the undersigned have caused this
instrument to be signed and sealed of the day and year first
above written.
{ FLORIDA-CONVALESCENT CENTER~, INC.
I r"
~
. yf ~ i
Signed, sealed and ~y:~----- ' ti-- :z - t
delivered in the tle: ~~s, :-r - .
presence of : r .
. ;
• F ~ ~ , I -
~ [ CORPORA'P~E' ~~~`f~ ; ~ , ~
! ~ , ~ ~ / } " ' ( + c.: ~{`n~
W ness - : y . - ~
. • Q ~ . } "
r i
~ ' . ~1 Q ~ :~i~~
~ t.rl ' a`~~
/ ' ^ ~f
~ J . ?~t% s.;
! ' ~
i tness =:y' ~o'`' '
j
f ~~/J,'~ . .~7S~~S~~• ~ .
?
t~ ~ .
- = -~r ~
. ~
~
-29-
BOOi~ ~7c) PACE 978