IN THE CIRCUIT COURT OF THE FIFTEENTH

JUDICIAL CIRCUIT IN AND FOR PALM

BEACH COUNTY, FLORIDA

CIRCUIT CIVIL DIVISION AW

CASE NO. 5Qd0\\o-c.P,- XXXXMB
. O0<\°dc::\~
~cl-~(' ,uot--l ~ " ' ~ , ae.
~ +o ~"'\c.-1 ~\

PY
~C.CP'">::-,c,r- \.,\e~9-cv- <l:xk\c:-.s1L~
Plaintiff(s)
vs.

O
_________
Defendant(s).
_________/

C
ED
NOTICE OF FILING ORIGINAL NOTE AND MORTGAGE

THE COURT hereby files the ORIGINAL NOTE AND MORTGAGE in the above styled
:r~ne
FI
~lo
cause of action entered on Hey Hi, 2017. See Supreme Court order No. SC 14-721 In Re:
Amendments to Florida Rule of Judicial Administration 2.520.
TI

--- ---,
ER

DONE AND ORDERED in West Palm Beach, Palm Beach County, Florida this'~~~-_;
day of :J~n~O 17.
C
A
T
O
N

FILED: PALM BEACH COUNTY, FL, SHARON R BOCK, CLERK 6/27/2017 3 :00:00 PM
 CREDIT AGREEMENT

li !~~il:~~rr:JgJil ~l:1:1 ii~~:~~~t~~li ~~:~~~~~ll l l l :1:~~%~~~~ll l l l : li li li lirn~1:':li ~11:1:1:1:1:1: ! ! ! ! ! ~~~~~!i! !i! i! l! !i~i:i:~~~~!: 1:1:~~!~~r! ~!
References in the shaded area are for our use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing"***" has been omitted due to text length limitations.

Borrower: Laurence Schneider Lender: Bank of Coral Gables

1721 NE 198 Terraceh Lending Division
Miami, FL 33179 95 Merrick Way
Suite 106
Coral Gables, FL 33134
1305) 500-9501

CREDIT LIMIT: $1,500,000.00 DATE OF AGREEMENT: July 28., 2006

Introduction. This Credit Agreement ("Agreement") governs your line of credit (the "Credit Line" or the "Credit Line Account") issued through
Bank of Coral Gables. In this Agreement, the words "Borrower," "you," "your," and "Applicant" mean each and every person who signs this

PY
Agreement, including all Borrowers named above. The words "we," "us," "our," and "Lender" mean Bank of Coral Gables. You agree to the
following terms and conditions:
Promise to Pay. You promise to pay Bank of Coral Gables, or order, the total of all credit advances and FINANCE CHARGES, together with all
costs and expenses for which you are responsible under this Agreement or under the "Mortgage" which secures your Credit Line. You will pay
your Credit Line according to the payment terms set forth below. If there is more than one Borrower, each is jointly and severally liable on this

O
Agreement. This means we can require any Borrower to pay all amounts due under this Agreement, including credit advances made to any
Borrower. Each Borrower authorizes any other Borrower, on his or her signature alone, to cancel the Credit Line, to request and receive credit

C
advances, and to do all other things necessary to carry out the terms of this Agreement. We can release any Borrower from responsibility under
this Agreement, and the others will remain responsible.
Term. The term of your Credit Line will begin as of the date of this Agreement ("Opening Date") and will continue until July 28, 2016
("Maturity Date"). All indebtedness under this Agreement, if not already paid pursuant to the payment provisions below, will be due and

ED
payable upon maturity. The draw period of your Credit Line will begin on a date, after the Opening Date, when the Agreement is accepted by us
in the State of Florida, following the expiration of the right to cancel, the perfection of the Mortgage, the receipt of all required certificates of
noncancellation, and the meeting of all of our other conditions and will continue as follows: term of the loan. You may obtain credit advances
during this period ("Draw Period"). You agree that we may renew or extend the period during which you may obtain credit advances or make
payments. You further agree that we may renew or extend your Credit Line Account.
FI
Minimum Payment. Your "Regular Payment" will equal the amount of your accrued FINANCE CHARGES. You will make 119 of these
payments. You will then be required to pay the entire balance owing in a single balloon payment. If you make only the minimum payments, you
may not repay any of the principal balance by the end of this payment stream. Your payments will be due monthly. Your "Minimum Payment"
TI

will be the Regular Payment, plus any amount due and all other charges. An increase in the ANNUAL PERCENTAGE RATE may increase the
amount of your Regular Payment. You agree to pay not less than the Minimum Payment on or before the due date indicated on your periodic
billing statement.
ER

Balloon Payment. Your Credit Line Account is payable in full upon maturity in a single balloon payment. You must pay the entire outstanding
principal, interest and any other charges then due. Unless otherwise required by applicable law, we are under no obligation to refinance the
balloon payment at that time. You may be required to make payments out of other assets you own or find a lender, which may be us, willing to
lend you the money. If you refinance the balloon, you may have to pay some or all of the closing costs normally associated with a new credit
line account, even if you obtain refinancing from us.
C

How Your Payments Are Applied. Unless otherwise agreed or required by applicable law, payments and other credits will be applied to
Payments will be applied in the following order: Interest, Principal, Late Fees & Collection Costs.
Receipt of Payments. All payments must be made by a check, automatic account debit, electronic funds transfer, money order, or other
A

instrument in U.S. dollars and must be received by us at the remittance address shown on your periodic billing statement. Payments received
at that address prior to 2:00 p.m. Eastern Standard Time on any business day will be credited to your Credit Line as of the date received. If we
receive payments at other locations, such payments will be credited promptly to your Credit Line, but crediting may be delayed for up to five (5)
days after receipt.
T

Credit Limit. This Agreement covers a revolving line of credit for the principal amount of One Million Five Hundred Thousand & 00/100 Dollars
($1,500,000.00), which will be your "Credit Limit" under this Agreement. During the Draw Period we will honor your request for credit
O

advances subject to the section below on Lender's Rights. You may borrow against the Credit Line, repay any portion of the amount borrowed,
and re-borrow up to the amount of the Credit Limit. Your Credit Limit is the maximum amount you may have outstanding at any one time. You
agree not to attempt, request, or obtain a credit advance that will make your Credit Line Account balance exceed your Credit Limit. Your Credit
N

Limit will not be increased should you overdraw your Credit Line Account. If you exceed your Credit Limit, you agree to repay immediately the
amount by which your Credit Line Account exceeds your Credit Limit, even if we have not yet billed you. Any credit advances in excess of your
Credit Limit will not be secured by the Mortgage covering your principal dwelling.
Charges to your Credit Line. We may charge your Credit Line to pay other fees and costs that you are obligated to pay under this Agreement,
the Mortgage or any other document related to your Credit Line. In addition, we may charge your Credit Line for funds required for continuing
insurance coverage as described in the paragraph titled "Insurance" below or as described in the Mortgage for this transaction. We may also, at
our option, charge your Credit Line to pay any costs or expenses to protect or perfect our security interest in your principal dwelling. These
costs or expenses include, without limitation, payments to cure defaults under any existing liens on your principal dwelling. If you do not pay
your property taxes, we may charge your Credit Line and pay the delinquent taxes. Any amount so charged to your Credit Line will be a credit
advance and will decrease the funds available, if any, under the Credit Line. However, we have no obligation to provide any of the credit
advances referred to in this paragraph.
Credit Advances. After the Effective Disbursement Date of this Agreement, you may obtain credit advances under your Credit Line as follows:
Credit Line Checks. Writing a preprinted "Home Equity Line of Credit Check" that we will supply to you.
Requests By Mail. Requesting an advance by mail.
Requests in Person. Requesting a credit advance in person at any of our authorized locations.
Fax Request. Advance requests can also be sent via fax.

FILED: PALM BEACH COUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 CREDIT AGREEMENT
Loan No: 40000006 (Continued) Page 2

If there is more than one person authorized to use this Credit Line Account, you agree not to give us conflicting instructions, such as one
Borrower telling us not to give advances to the other. .
Limitations on the Use of Checks. We reserve the right not to honor Home Equity Line of Credit Checks in the following circumstances:
· Credit Limit Violation. You.r Cr~dit Limit has been or would be exceeded by paying the Home Equity Line of Credit Check.
· Post-dated Checks. Your Home Equity Line of Credit Check is post-dated. If a post-dated Home Equity Line of Credit Check is paid and as
a result any other check is 'returned or not paid, we are not responsible.
Stolen Checks. Your Home Equity Line of Credit Checks have been reported lost or 'stolen.
. '

Unauthorized Signatures. Your Home Eq.uity Line of Credit Check is not signed by an "Authorized Signer" as defined below.
Termination or Suspension; Your Credit Line has been terminated or suspended a_s provided in this Agreement or could be if we paid the
Home Equity Une of Credit Check. ·
Transaction Violation; Your Home Equity Line of Credit Check is less than the minimum amount required by this Agreement or you are in
violation of_ any other transaction requirement or would be if we paid the Hory,e Equity Line of Credit Check.

PY
If we pay any Hoine Equity Line. of Credit Check under these conditions, you must repay us, subject to applicable laws, for the amount of the
Home Equity Line of Credit Check. ·1. The Home Equity Line of Credit Check itself will be evidence of your debt to us together with this
Agreement. Our liability, if any, for wrongful dishonor of a check is limited to your actual damages. Dishonor for any reason as provided in this
Agreement is not wrongful dishonor. We may choose not to return Home Equity Line of Credit Checks. along with your periodic billing
statements; however, your use of each Home Equity Line of Credit Check will be reflected on your periodic statement as a credit advance. We

O
do not "certify" Home Equity Line of Credit Checks drawn on your Credit Line.
Transaction Requirements. The following transaction limitations will apply to the use of your Credit Line:

C
Request By Mail, In Person Request, Fax Request and Credit Line Home Equity Line of Credit Check Limitations. The following transaction
limitations will apply to your Credit Line and requesting an advance by mail, requesting an advance in person, accessing by other methods
and the writing of Home Equity Line of Credit Checks.

ED
Minimum Advance Amount. The minimum amount of any credit advance that can be made on your Credit Line is $300.00. This
mea_ns any Home Equity Line of Credit Check must be written for at least the minimum advance amount. ·
Authorized Signers. The words "Authorized Signer" on Home Equity. Line of Credit Checks' as used in this Agreement mean and include each
person who (a) signs the application for this Credit Line, (bl signs this Agreement, or (cl has executed a separate \>ignature authorization· card
for the Credit Line Account.
FI
Lost Home Equity Line of Credit Checks·. If you lose your Home Equity Line of Credit Checks or if someone is using them without your
permission, you agree to let us know immediately. The fastest way to notify us is by calling us at (305) 500-9501. You also c·an notify us at
Bank of Coral Gables 95 Merrick Way, Suite 106, Coral Gables, FL 33134.
TI

Future Credit Line Services. Your application. for this Credit Line also serves as a request to receive any new services (such as access devices)
which may be available at some future time as one of our services in connection with this Credit Line. You understand that this request is
voluntary and that you may refuse any of these new services at the time they are offered. You further understand that the terms and conditions
ER

of this Agreement will govern any transactions made pursuant to any of these new services.
Collateral. You acknowledge this Agreeme·nt is secured by the following collateral described in the security instrument listed herein: an
Open-End Mortgage dated July 28, 2006, to us on real property located in Palm Beach County, State of Florida.
Insurance. You must obtain insurance on the Property securing this Agreement that is reasonably satisfactory to us. You may obtain property
C

insurance through any··company of your choice that is reasonably s·atisfactory to us. You have the option of providing any insurance required
· under this Agreement through an existing policy or a policy independently obtained and paid for by you, subject to our right, for reasonable
cause before credit is extended, to decline any insurance provided by you. Subject to applicable law, if you fail.to obtain or maintain insurance
as required in the Mortgage, we may. purchase insurance to protect our own interest, add the premium to your balance, pursue any other
A

remedies available to us, or do any one or more of these things. ·

Right of Setoff. To the extent permitted by applicable law, we reserve a right of setoffin all your accounts with us.(whethcr checking, savings,
or some other account), including without limitation, all accounts you may open in the future. However, this does not include any IRA or Keogh
T

accounts, or any trust accounts for which setoff would be prohibited by law. You authorize us, to the extent permitted by applicable law, to
charge or setoff all sums owing on this Agreement against any and all such accounts, and, at our option, to administratively freeze all such
accounts to allow us to protect our charge and setoff rights provided in this paragraph.
O

Periodic Statements. If you have a balance owing on your Credit Line Account or have any account activity,· we will send you a periodic
statement. It will show, among other things, credit advances, FINANCE CHARGES, other charges, payments made, other credits, your
N

"Previous Balance," and your "New Balance." Your statement also will identify the Minimum Payment you must make for that billing period
and the date it is due.
·when FINANCE CHARGES Begin to Ace.rue. Periodic FINANCE CHARGES for credit advances under your·Credit Line will begin to accrue on the
date credit advances are posted to _your Credit Urie. There is no ''free ride period" which would allow you to avoid a FINANCE CHARGE on your
Credit Line credit advances.
Method Used to Determine the Balance on Which the FINANCE CHARGE Will Be Computed. A daily FINANCE CHARGE will be imposed on all
credit advances made under your Credit Line imposed from the date of each credit advance based on the "daily balance" method. To get the
daily balance, we take the beginning balance of your Credit Line Account each day, add any new advances and subtract any payments or credits
and any unpaid FINANCE CHARGES. This give~ us the "daily balance."
Method of Determining the Amount of FINANCE CHARGE. Any FINANCE CHARGE is determined by applying the "Periodic_ Rate" to the balance
described herein. Then we add together the periodic FINANCE CHARGES for each day in the billing cycle. This is your FINANCE CHARGE
calculated by applying a Periodic Rate.
You also agree to pay FINANCE CHARGES, not calculated by applying a Periodic Rate, as set forth below:
Additional Finance Charges. ·The follo)Ning addi°tional FINANCE CHARGES will be charged to your Credit· Line or paid in cash:
Underwriting to Bank of Coral Gables: In Cash $300.00
Processing Fee to Bank of Coral
Gables: In Cash $175.00
FILED: PALM BEACH COUNTY, FL, SHARON_R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 CREDIT AGREEM~NT
Loan No: 40000006 (Continued) Page 3

Tax Service to First American: In Cash $170.00

Periodic Rate and Corresponding ANNUAL PERCENTAGE RATE. We will determine the Periodic Rate and the corresponding ANNUAL
PERCENTAGE RATE as follows. We start with an independent index which is the Wall Street Journal Prime Rate (the "Index"). We will use the
most recent Index value available to us as of the date of any ANNUAL PERCENTAGE RATE adjustment. The Index is not.necessarily the lowest
rate charged by··us'on.our loans. If the Index becomes unavailable during the term of this Credit Line Account, we may designate a substitute
index after notice to you. To determine the Periodic Rate that will apply to your account, we take. the value of th'e Index, round that to the
nearest 0.125%, then divide the rounded value by the number of days in a year (daily). To obtain the ANNUAL PERCENTAGE RATE we multiply
the Periodic Rate by the number of days in a year (daily). ·This result is the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE
includes only interest and no other costs. '
The Periodic Rate and the 'corresponding ANNUAL PERCENTAGE RA TE, on your Credit Line will increase or decreas'e as the Index increases or
decreases from time to time. Adjustments to the Periodic R_ate and the corresponding ANNUAL PERCENTAGE RATE resulting from changes in
the Index will take effect daily. In no event will the corresponding ANNUAL PERCENTAGE RATE be more thari the lesser of 18.000% or the
maximum rate allowed by applicable law. Today the Index is 8.250% per annum, and therefore the initial Periodic Rate and the corresponding
ANNUAL PERCENTAGE RATE on your Credit Line are as stated below:

PY
Current Rates fo~ the First Payment Stream
Range of Balance Margin Added ANNUAL PERCENTAGE .Daily Periodic
or Conditions , to Index RATE Rate
All Balances 0.000% 8.250% 0.02260%

O
Notwithstanding any other provision of this Agreement, we will not charge interest on any undisbursed loan proceeds, except as may be

C
permitted during any Right of Rescission period. No matter what else may be stated in any other provision of this Agreement or in any other
document you may have with us, you do not agree or intend to pay, and we do not agree or intend to charge any interest or fee for the Credit
Agreement whjch would in any-way cause us to contract for, charge or collect more for the Credit Line Account than the maximum we would
be permitted to charge or collect by any applicable federal or Florida state law. Any such excess interest or unauJhorized fee will be applied first

ED
to reduce the unpaid principal balance of ,he Credit Line Account, and when the principal has been paid in full, be refunded to you.
Conditions Under Which Other Charges May Be Imposed. You agree to pay all the other fees and charges related to your Credit Line as set forth
below:
Annual. Fee. A nonrefundable Annual Fee of $50.00 will be charged to your Credit Line at the following time: Annually.
FI
Returned Items. You may be charged $30.00 if you pay your Credit Line obligations with a check, draft, or other item that is dishonored
for any reason, unless applicable law requires a lower charge or prohibits any charge.
Fee to Stop Payment. Your Credit tine Account may be charged $30.00 when you request a stop payment on your account.
TI

Late Charge. Your payment 'will be late if it is not received by us within 15 days· after the "Payment Due Date" shown on your periodic
statement. If your payment is late we may charge you 5.000% of the payment or $5.0?, whic_hever is greater.
Credit Line Check Printing Charge. Your C:redit Line Account may be charged $6.50 plus Shipping & Handling.
ER

Security Interest Charges. You agree to pay all security interest charges related to your Credit Line as set forth below:

Flood Certification to First American $18.00

Appraisal Fee $850.00
C

Recording Fees $53.10

Document Preparation $225.00
Title Examination to Howard w: Mazloff$JIJO.00
Total $1496.10
A

Special Taxes. You agree to pay all taxes related to your Credit Line as set forth below:

Intangible Tax $3000.00

T

Doc Stamps $5250.00

Total $8250.00
O

Lender's Right~. Under this Agreement, we have the following rights:

Termination and Acceleration. We cari terminate your Credit Line Account and _require you to pay us the entire outstanding balance in .one
N

payment, and charge you certain fees,- if any of the following happen: (1 I You commit fraud or make a material misrepresentation at any
time in connection with this Credit Agreement. T!,is can include, for example, a. false statement about your income, assets, liabilities, or
any other aspects of your financial condition. (2) You do not meet the repayment terms of this Credit Agreement. (3) Your action or
inaction adversely affects the collateral for the plan or our rights in the collateral. This can include, for example, failure to' maintain required
insurance, waste or destructive use of the dwelling, failure to pay taxes, death of all persons liable on the account, transfer of title or sale
of the dwelling, creation of a senior lien on the dwelling without our permission, foreclosure by the holder of another lien, or the use of
funds or the dwelling for prohibited purposes.
Suspension or Reduction. In addition to any other rights we may have, we can suspend additional extensions of credit or reduce your
Credit Limit during any period in which any of the following are in effect:
(1 I The value of your property declines significantly below the property's appraised value for purposes of this Credit Line Account. This
includes, for example, a decline such that the initial difference between the Credit Limit and the available equity is reduced by fifty percent
and may include a smaller decline de~ending on the individual circumstances.
(21 We reasonably believe that you will be unable to fulfill your payment obligations .under your Credit Line Account due to a material
change in your financial circumstanc~s.
(3) You are in default under any material obligations of this Credit Line Account. We consider all of your obligations to be material.
Categories of material obligations include the events described above under Termination and Acceleration, obligations to pay fees and
charges, obligations and limitations on the receipt of credit advances, obligations concerning maintenance or use of the property or
procern_,~:aYf~UfflfJlt~fea ~y:~sfft~Fl~a'# tr. ~l5c~~~tu~s 61~7~~r~p~~o?B~f~s to notify us
 CREDIT AGREEMENT
Loan No: 40000006 (Continued) Page 4

and to provide documents or information to us (such as updated financial information), obligations to comply with applicable laws (such as
zoning restrictions), and obligations of any comaker. No default will occur until we mail or deliver a notice of default to you, so you can
restore your right to credit advances.
(4) We are precluded by government action from imposing the ANNUAL PERCENTAGE RATE provided for under this Agreement.
(5) The priority of our security interest is adversely affected by government action to the extent that the value of the security interest is
less than one hundred twenty percent (120%) of the Credit Limit.
(6) We have been notified by governmental authority__ that continued advances may constitute an unsafe and unsound business practice.
Change in Terms. We may. make changes to the terms of this Agreement if you agree to the change in writing at that time, if the change
will unequivocally benefit you throughout the remainder· of your Credit Line Account, or if the change is insignificant (such as changes
relating to our data processing systems). If the Index is no longer available, we will choose a new Index and margin. The new Index will
have an historical movement .substantially similar to the original Index; and the new Index and margin will result in an ANNUAL
PERCENTAGE RATE that is substantially similar to the rate in effect at the time the original index becomes unavailable. We may prohibit
additional extensions of credit or reduce your Credit Limit during any period in which the maximum ANNUAL PERCENTAGE RATE under
your Credit Line Account is reached.

PY
Collection Costs. We may hire or pay someone else to help collect this Agreement if you do not pay. You will pay us the amount of these
costs and expenses, which includes, subject to any limits under applicable law, our reasonable attorneys' fees and our legal expenses
whether or not there is a lawsuit, including reasonable attorneys' fees and legal expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, you also will pay any court costs, in

O
addition to all other sums provided by law.
Rate Increase. In addition to our other rights during termination and acceleration, we may increase the variable ANNUAL PERCENTAGE
RATE under this Agreement 'to 18.000 percent per annum. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate permitted

C
by applicable law. If we do not increase the ANNUAL PERCENTAGE RATE upon termination or acceleration of your Credit Line Account, it
will continue at the variable rate in effect as of the date of termination or acceleration of your Credit Line·Account.
Access Devices. If your Credit Line is suspended or terminated, you must immediately return to us all Home Equity Line of Credit Checks

ED
and any other access devices. Any use of Home Equity Line of Credit Checks or other access devices following suspension or termination
may be considered fraudulent. You will also remain liable for any further use of Home Equity Line of Credit Checks or other Credit Line
access devices not returned to us.
Delay in Enforcement. We may delay or waive the enforcement of any of our rights under this Agreement without losing that right or any other
right. If we delay or waive any of our rights, we may enforce that right at any time in the future without advance notice. For example, not
FI
terminating your account for non-payment will not be a waiver of our right to terminate your account in the future if you have not paid.
Cancellation by you. If you cancel your right to credit advances under this Agreement, you must notify us and returri all Home Equity Line of
Credit Checks and any other access devices to us. Despite cancellation, your obligations under this Agreement will remain in full force and
TI

effect until you have paid us all amou(ltS due under this Agreement. ·
Prepayment. You may prepay all or any amount owing under this Credit Line at any time without penalty, except we will be entitled to receive
all accrued FINANCE CHARGES, and other charges, if any. Payments in excess of your Minimum Payment will not relieve you of your obligation
ER

to continue to make your Miriimurri Payments. Instead, they will reduce the principal balance owed ori the Credit Line: You agree not to send
us payments marked "paid in full", "without recourse", or similar la.nguage. If you send such a payment, we may accept it without losing any of
our rights under this Agreement, and you will remain obligated to pay any further amount owed to us. All written communications concerning
disputed amounts, including any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount
owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: Bank of _
C

Coral Gables, Attn: Loan Operations, 95 Merrick Way, Suite 106 Coral Gables, FL 33134.
Notices. All notices will be sent to your address as shown in this Agreement. ·Notices will be mailed to you at a different address if you give us
written notice of a different address. You agree to advise us promptly if you change your mailing address.
A

Credit Information and ·Related Matters. You authorize us to release information about you to third parties as described in our privacy policy and
our Fair Credit Reporting Act notice, provided you did not opt out of the applicable policy, or as permitted by law. You agree that, upon our
request, you will provide us with a current financial statement, a new credit application, or both, on forms provided by us. You also agree we
may obtain credit reports on you at any time, at our sole option and expense, for any reason, including but not limited to determining whether
T

there has been an adverse change in your financial condition. We may require a new appraisal of the Property which secures your Credit Line at
any time, including an internal inspection, at our sole option and expense.
O

Transfer or Assignment. Without prior notice or approval from you, we reserve the right to sell or transfer your Credit tine Account and our
rights and obligations under this Agreement to another lender, entity, or person, and to assign our rights under the Mortgage. Your rights under
this Agreement belong _to you only and may not be transferred or assigned. Your obligations, however, are binding on your heirs and legal
N

representatives. Upon any such sale o"r transfer, we will have no further obligation to provide you with credit advances or to perform any other
obligation under this Agreement. · ·
Tax Consequences. You understand that neither we, nor any of our employees or agents, make any representation or warranty whatsoever
concerning the tax consequences of your establishing and using your Credit Line, including the deductibility of interest," and that neither we nor
our employees or agents will be liable in the event interest on your Credit Line is not deductible. ·You should consult your own tax advisor for
guidance on this subject.
Notify Us of Inaccurate Information We Report To Consumer Reporting Agencies. Please notify us if we report any inaccurate information about
your account(s) to a consumer reporting agency. · Your written notice describing the specific inaccuracy(ies) should be sent to us at the.
following address: Bank of Coral Gables Attn: Loan _operations 95 Merrick Way, Suite 106 Coral Gables, FL 33134.
Jury Waiver. We and you hereby waive ,the right to any jury trial in any action, proceeding, or counterclaim brought by either us or you against
the other. (Initial Here _ _ _ _ _ _ )
Governing Law. This Agreement will be governed by federal law applicable to us and, to the extent not preempted by federal law, the laws of
the State of Florida without regard to its conflicts of law provisions. This Agreement has been accepted by us in the State o~ Florida.
Choice of Venue. If there is a lawsuit, you agree upon our request to submit to the jurisdiction of the courts of Miami-Dade County, State of
Florida.
Garnishment. You consent to .the issuance of a continuing writ of garnishment or attachment against your disposable earnings, in accordance
wi
th
Secti°Piii1Y
.
·l5~M'l'lifA5ctl°ec5tMf~J!t '
wl~1ttrttm1R8n'B'aeR. iiet~nt~mna1°'
' . 0 ' .
<f ·
~ OO PM. .
 CREDIT AGREEMENT· .
Loan No: 40000006 (Continue~) · Page 5

Caption Headings, Caption ,headings in this Agreement are for convenience purposes only· and are not to b·e used to interpret or define the
provisions of this Agreemen,t. . · ,
Interpretation. You agree that this Agree·ment, together with the Mortgage; is the best evidence of your agreements with us. If we go to court·
for any reason, we can use a copy, filmed or electronic, of any periodic statement, this Agreement, the Mortgage or any other document to
prove what you owe us or .that a transaction has taken place. The copy, microfilm, microfiche, or optical image will have the same validity as
the original. You agree that, except to the extent you can show'there i~ a
billing error, your mos(current periodic.statement is the best
evidence of your obligation to·pay.. ·
Severability. If a court finds that any provision of this Agreement is not valid or should not be· enforced, that fact by itself will not mean. that the
rest of this Ameement will not be valid or enforced. ·Therefore,. a court will enforce the rest of the provision's of this Agreement even if a
provision of this ·Agreement may be found to be irivalid or unenforceable. ·
Acknowledgment. You understand and agree to the terms and conditions in this Agreement. By signing this Agreement, you ~cknowledge that
you have read this Agreement. You also acknowledge receipt ·of a completed copy of this Agreement, including the Fair Credit Billing Notice and
the early home equity line of credit application disclosure, in addition to. the handbook entitled "What you should know about Home Equity Lines
of Credit," ·give~ with the application. ·

PY
BORROWER:
.....
- -:::::-;:;;=······

O
X ..,,L_a_u-re_n_c_e...,s=-c--=h,_n-e..,.id..,.e_r_ _ _ _ _ _ _ _ _ _ _ _ __

C
Effective Disbursement Date: __·_.··....?,...·
__ /2~~~~-£2~~~~-·_

ED
Florida Documentary Stamp Tax
FI
Florida documentary stamp tax in the amount required by law has been paid with respect to this Agreement on the
Mortgage securing this Agreement.
TI
ER
C
A
T
O
N

FILED: PALM BEACH tOUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 CREDIT AGREEMENT.
Loan No: 40000006 (Continued) Page 6

BILLING ERROR RIGHTS

YOUR BILLING RIGHTS
KEEP THIS NOTICE FOR FUTURE USE

·This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

Notify us in case of errors or questions about your bill.

If you think your bill is wrong, or if you.need more information about._a transaction on your bill, write us on a separate sheet at
Bank of Coral Gables
Att_n: Loan Operations
95· Merrick Way, Suite 106
Coral Gables, FL 33134 .

PY
or at the address listed on your bill. Write to us as ·soon as possible. We must hear from you no later than sixty (60) days after we sent you the
first bill on which the error or problem appeared. _You can telephone us; but doing so will not preserve ·your rights. ·

In your letter, give us the following information:

O
Your name and ai;count number.
The dollar amount of the suspected ':lrror.

C
Describe the-error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are
not sure about. ·

If you have authorized us· to pay your bill automatically from your savings ~r checking account: you can ~top the payment on -any amount you

ED
think is wrong. To stop the payment, your letter must reach us three (3) business days before the automatic payment is scheduled to occur.

Your rights and our responsibilities after we receive your_ written notice.
We must acknowledge your letter within thirty (30) days, unless we have corrected the error by then. Within ninety (90) days, we must either
FI
correct the error or explain why we believe the bill was correct.

After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the
amount you question, including finance charges, and we can apply any unpaid amount against your Credit Limit. You do not have to pay any
TI

questioned amount while we are investigating, but you are still obligated to pay the parts of your bill that are not in question.

If we find that we made a mistake on your bill, you will not have to pay -any finance charges related to any questioned amount. If we didn't
make a mistake, you may have to pay finance charges, and you will have 'to make up any missed payments on the questioned amount .. In either
ER

case, we ·wifl send you a_ statement of the amount you owe and the date on which it is due_.

If you fail to pay the amount that we think you owe, we ·may report you as delinquent. However, if our explanation does not satisfy you and
you write to us within ten (10) days telling us that you still refuse to.-pay, we must tell anyone we report you to that you have a question about.
your bill. And, we must tell you the name of anyone we reported you _to. We must tell anyone we report you to that••the matter has been
C

settled between us when it finally is. :,

If we don't follow these rules, we can't collect the first $50 of the questioned amount, e~en if your bill was correct.
A

LASER PRO Lending, Ver. 6.30.10.001 COPf. H11I.-.d Rnancial Solutlona, Inc. 10!>7. 2006. All Rlghll flaarved. - Fl' C:\OATA\APPS\HARLAND\CFI\LPL\025.FC TR-26 PR-6
T
O
N

FILED: PALMBEACH COUNTY, FL, SHARON R BOCK, CLERK. 6/27/2017 3:00:00 PM

 11•11 n111 1111111111 u111111111111 u01 u~, m11111111
l/-J<-/~J<- CFN 20060442039
RECORDATION REQUESTED BY: OR BK 20662 PG 0250
Bank of Coral Gables
Lending Division RECORDED 07/31/2006 09:03:10
95 Merrick Way Pa1m Beach County. F1orida
Suite 106 AMT 1.500.000.00
Coral Gables, FL 331 34
Deed Doc 5;250 .. 00
WHEN RECORDED MAIL TO:
Intang 3.000 .. 00
Bank of Coral Gables Sharon R .. Bock.CLERK & conPTROLLER
Lending Division Pgs- 0250 - 255; (6pgs)
95 Merrick Way
Suite 106
Coral Gables. FL 33134

SEND TAX NOTICES TO:

Bank of Coral Gables
Lending Division
95 Merrick Way
Suite 106
Coral Gables FL 33134

This Mortgage prepared by:_

PY
Name: Rebecca Lopez, Assistant Vice President
Company: Bank of Coral Gables
Address: 95 Merrick Way. Coral Gables, FL· 33134

O
MORTGAGE

C
FOR USE WITH SECURED REVOLVING CREDIT AGREEMENT

ED
MAXIMUM LIEN. The total amount of indebtedness secured by this Mortgage may decrease or increase from
time to time, but the maximum amount of principal indebtedness which may be outstanding at any one time
shall not exceed $1,500,000.00., plus interest, and amounts expended or advanced by Lender for the payment
of taxes, levies or insurance on the Property, and interest on such amounts.
FI
THIS MORTGAGE dated July 28, 2006, is made and executed between Laurence Schneider and Stephanie
Schneider, husband and wife (referred to below as "Grantor"} and Bank of Coral Gables, whose address is 95
Merrick Way, Suite 106. Coral Gables. FL 33134 (referred to below as "Lender"}.
GRANT OF MORTGAGE. For valuable consideration. Grantor mortgages to Lender all of Grantor's right, title, and interest in and to the
TI

following described rear property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all
easements, rights of way. and appurtenances; all water, water rights, watercourses and ditch rights (including stock in utilities with ditch
or irrigation rights); and all other rights, royalties, and profits relating to the real property, including without limitation all minerals, oil, gas,
geothermal and similar matters, (the "Real Property"} located in Palm Beach County. State of Florida:
Lot 37 of FOX HILL ESTATES OF BOCA RATON, according to the Plat thereof, as recorded in Plat Book
ER

87. Page 4. of the Public Records of Palm Beach County, Florida.

The Real Property or its address is commonly known as 17685 Circle Pond Court, Boca Raton. FL 33496.
The Real Property tax identification number is 00424631010000370.
REVOLVING LINE OF CREDIT. This Mortgage secures the Indebtedness including, without limitation, a revolving line of credit under which,
upon request by Borrower, Lender. within twenty (20) years from the date of this Mortgage, may make future advances to Borrower. Such
C

future advances, together with interest thereon, are secured by this Mortgage. Such advances may be made, repaid, and remade from
time to time, subject to the limitation that the total outstanding balance owing at any one time, not including finance charges on such
balance at a fixed or variable rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts
expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in
the Credit Agreement. It is the intention of Grantor and Lender that this Mortgage secures the balance outstanding under the Credit
A

Agreement from time to ti"'!~. fr~f1!;~ero up to the Credit Limit as provided in the Credit Agreement a~d any intermediate balance.
Grantor presently assigns to . Lender· all of Grantor's right, title, and interest in and to all present and future leases of the Property and all
Rents from the Property. In addition, Grantor grants to Lender a Uniform Commercial Code se·curity interest in the Personal Property and
Rents.
T

THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY,
IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF GRANTOR'S AGREEMENTS AND
O

OBLIGATIONS UNDER THE CREDIT AGREEMENT WITH THE CREDIT LIMIT OF $1,500.000.00. THE RELATED DOCUMENTS, AND THIS
MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law. or any other
law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise
N

entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
exercise of a power of sale.
GRANTOR"S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: (a) this Mortgage is executed at Borrower's request and
not at the request of Lender; (b) ·Gr-antor. has the full power, right, and authority to enter_ into thi_s Mortgage_ and to hypothecate the
Property; (c) the provisions of this Mortgage do not conflict with, or result in a default under any agreement or other instrument binding
upon Grantor and do not result in a violation of any law, regulation, court decree or order applicable to Grantor; (d) Grantor has established
adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (el Lender has
made no representation to Granter about Sor-rower (including without limitation the creditw<?rthiness of Borrower).
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Borrower and Grantor shall pay to Lender all
Indebtedness secured by this Mortgage as it becomes due, and Borrower and Grantor shall strictly perform all Borrower's and Grantor's
obligations under this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower's and Grantor's possession and use of
the Property shall be governed by the following provisions:
Possession and Use. Until Grantor's interest in any or all of the Property is foreclosed. Grantor may ( 1) remain in possession and
control of the Property; 12) use, operate or manage the Property; and (3) collect the Rents from the Property.
Duty to Maintain. Grantor shall maintain the Property in good condition and promptly perform all repairs, replacements, and
maintenance necessary to preserve its value.
Compliance With Environmental Laws. Grantor represents and warrants to Lender that: (1) During the period of Grantor's ownership

L-....-". . . .
s~ .

~va m: PALM BEACH COUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 MORTGAGE
(Continued) Page 2

of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
Hazardous Substance by any person on, under, about or from the Property; (2) Grantor has no knowledge of, or reason to believe
that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any
Environmental Laws, (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously disclosed to and
acknowledged by Lender in writing, (a) neither Granter nor any tenant, contractor, agent or other authorized user of the Property
shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property;
and (b} any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and
ordinances, including without limitation all Environmental Laws. Grantor authorizes Lender and its agents to enter upon the Property
to make such inspections and tests, at Grantor's expense, as Lender may deem appropriate to determine compliance of the Property
with this section of the Mortgage. Any inspections or tests made by Lender shall be for Lender's purposes only and shall not be
construed to create any responsibility or liability on the part of Lender to Granter or to any other person. The representations and
warranties contained herein are based on Grantor's due diligence in investigating the Property for Hazardous Substances. Grantor
hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Granter becomes liable for
cleanup or other costs under any such laws; and (2) agrees to indemnify and hold harmless Lender against any and all claims, losses,

PY
liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach of this
section of the Mortgage or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release
occurring prior to Grantor's ownership or interest in the Property, whether or not the same was or should have been known to
Grantor. The provisions of this section of the Mortgage, including the obligation to indemnify, shall survive the payment of the
Indebtedness and the satisfaction and reconveyance of the lien of this Mortgage and shall not be affected by Lender's acquisition of
any interest in the Property, whether by foreclosure or otherwise.

O
Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on
or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Grantor will not remove, or grant to
any other party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products

C
without Lender's prior written consent.
Removal of Improvements. Granter shall not demolish or remove any Improvements from the Real Property without Lender's prior
written consent. As a condition to the removal of any Improvements, Lender may require Grantor to make arrangements satisfactory
to Lender to replace such Improvements with Improvements of at least equal value.

ED
Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable times to
attend to Lender's interests and to inspect the Real Property for purposes of Grantor's compliance with the terms and conditions of
this Mortgage.
Subsequent Liens. Grantor shall not allow any subsequent liens or mortgages on all or any portion of the Property without the prior
written consent of Lender.
FI
Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and regulations, now or
hereafter in effect, of all governmental authorities applicable to the use or occupancy of the Property. Grantor may contest in good
faith any such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as
Grantor has notified Lender in writing prior to doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are
not jeopardized. Lender may require Grantor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect
TI

Lender's interest.
Duty to Protect. Granter agrees neither to abandon or leave unattended the Property. Grantor shall do all other acts, in addition to
those acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and
preserve the Property. ·
ER

DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this
Mortgage upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the
Real Property. A "sale or transfer" means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal,
beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract
for deed, leasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any
beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real
Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Florida law.
C

TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Mortgage:
Payment. Grantor shall pay when due (and in all events prior to delinquency) all taxes, payroll taxes, special taxes, assessments,
water charges and sewer service charges levied against or on account of the Property, and shall pay when due all claims for work
A

done on or for services rendered or material furnished to the Property. Grantor shall maintain the Property free of any liens having
priority over or equal to the interest of Lender under this Mortgage, except for those liens specifically agreed to in writing by Lender,
and except for the lien of taxes and assessments not due as further specified in the Right to Contest paragraph.
Right to Contest. Grantor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the
T

obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment,
Grantor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Grantor has notice of the
filing, secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or
other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and reasonable attorneys' fees, or
O

other charges that could accrue as a result of a foreclosure or sale under the lien. In any contest, Grantor shall defend itself and
Lender and shall satisfy any adverse judgment before enforcement against the Property. Grantor shall name Lender as an additional
obligee under any surety bond furnished in the contest proceedings.
N

Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and
shall authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments
against the Property.
Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work is commenced, any services are
furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on
account of the work, services, or materials. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to
Lender that Grantor can and will pay the cost of such improvements.
PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Mortgage:
Maintenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended coverage
endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount
sufficient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender. Policies shall be
written by such insurance companies and in such form as may be reasonably acceptable to Lender. Grantor shall deliver to Lender
certificates of coverage from each insurer containing a stipulation that coverage will not be cancelled or diminished without a
minimum of forty-five (45) days' prior written notice to Lender and not containing any disclaimer of the insurer's liability for failure to
give such notice. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be
impaired in any way by any act, omission or default of Grantor or any other person. Should the Real Property be located in an area
designated by the Director of the Federal Emergency Management Agency as a special flood hazard area, Grantor agrees to obtain and
maintain Federal Flood Insurance, if available, for the maximum amount of your credit line and the full unpaid principal balance of any
prior liens on the property securing the loan, up to the maximum policy limits set· under the National Flood Insurance Program, or as
otherwise required by Lender, and to maintain such insurance for the term of the loan.

~~ai/J~d~
Da~.
FILED: PALM BEACH COUNTY, FL, SHARON R. BOCK,. CLERK. 6/27/2017 3:00:00 PM
 MORTGAGE
(Continued) Page 3

Application of Proceeds. Granter shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss
if Grantor fails to do so within fifteen (15} days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of
any lien affecting the Property, or the restoration and repair of the Property. If Lender elects to apply the proceeds to restoration and
repair, Granter shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
satisfactory proof of such expenditure, pay or reimburse Granter from the proceeds for the reasonable cost of repair or restoration if
Grantor is not in default under this Mortgage. Any proceeds which have not been disbursed within 180 days after their receipt and
which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender
under this Mortgage, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the
Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Granter as
Grantor's interests may appear.
LENDER'S EXPENDITURES. If Grantor fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other
claims, (B) to provide any required insurance on the Property, or (C) to make repairs to the Property then Lender may do so. If any
action or proceeding is commenced that would materially affect Lender's interests in the Property, then Lender on Grantor's behalf may,
but is not required to, take any action that Lender believes to be appropriate to protect Lender's interests. All expenses incurred or paid by

PY
Lender for such purposes will then bear interest at the rate charged under the Credit Agreement from the date incurred or paid by Lender to
the date of repayment by Granter. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable
on demand; (B) be added to the balance of the Credit Agreement and be apportioned among and be payable with any installment
payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Credit
Agreement; or (C) be treated as a balloon payment which will be due and payable at the Credit Agreement's maturity. The Mortgage also
will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to
which Lender may be entitled on account of any default. Any such action by Lender shall ·not be construed as curing t_he default so as to

O
bar Lender from any remedy that it otherwise would have had.
WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Mortgage:

C
Title. Grantor warrants that: (a) Granter holds good and marketable title of record to the Property in fee simple, free and clear of all
liens and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final
title opinion issued in favor of, and accepted by, Lender in connection with this Mortgage, and (b) Grantor has the full right, power,
and authority to execute and deliver this Mortgage to Lender.

ED
Defense of Title. Subject to the exception .in the paragraph above, Grantor warrants and will forever defend the title to the Property
against the lawful claims of all persons. In the event any action or proceeding is commenced that questions Grantor's title or the
interest of Lender under this Mortgage, Grantor shall defend the action at Grantor's expense. Grantor may be the nominal party in
such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of
Lender's own choice, and Grantor will deliver, ,or cause to be delivered, to Lender such instruments as Lender may request from time
to time to permit such participation.
FI
Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Property complies with all existing applicable
laws, ordinances, and regulations of governmental authorities.
Survival of Promises. All promises, agreements, and statements Grantor has made in this Mortgage shall survive the execution and
delivery of this Mortgage, shall be continuing in nature and shall remain in full force and effect until such time as Borrower's
Indebtedness is paid in full.
TI

CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Mortgage:
Proceedings. If any proceeding in condemnation is filed, Granter shall promptly notify Lender in writing, and Grantor shall promptly
take such steps as may be necessary to defend the action and obtain the award. Grantor may be the nominal party· in such
proceeding, but Lender shall be entitled to participate in the proceeding and to be repr~sented in
the_proceeding by counsel of its own
ER

choice, and Grantor will deliver or cause to be delivered to Lender such instruments and documentation as may be requested by
Lender from time to time to permit such participation.
Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or
purchase in lieu of condemnation, Lender may at its election require that all or any ·portion of the net proceeds of the award be applied
to the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall mean the award after payment of
all reasonable costs, expenses, and attorneys' fees incurred by Lender in connection with the condemnation.
C

IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental
taxes, fees and charges are a part of this Mortgage:
Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to this Mortgage and
A

take whatever other action is requested by Lender to perfect and continue Lender's lien on the Real Property. Grantor shall reimburse
Lender for all taxes, as described below, together with all expenses incurred in recording, perfecting or continuing this Mortgage,
including without limitation all intangible personal property taxes, documentary stamp taxes, fees, and other charges for recording or
registering this Mortgage.
T

Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax, including without limitation an intangible
personal property tax, upon this type of Mortgage or upon all or any part of the Indebtedness secured by this Mortgage; (2) a
specific tax on Borrower which Borrower is authorized or required to deduct from payments on the Indebtedness secured by this type
of Mortgage; (3) a tax on this type of Mortgage chargeable against the Lender or the holder of the Credit Agreement; and (4) a
O

specific tax on all or any portion of the Indebtedness or on payments of principal and interest made by Borrower.
Subsequent Taxes. If any tax to which this section applies is enacted subsequent to the date of this Mortgage, this event shall have
the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for an Event of Default as
N

provided below unless Grantor either ( 1) pays the tax before it becomes delinquent, or (2) contests the tax as provided above in the
Taxes and Liens section and deposits with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender.
SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Mortgage as a security agreement are a part
of this Mortgage:
Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes fixtures, and
Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from time to time.
Security Interest. Upon request by Lender, Grantor shall take whatever action is requested by Lender to perfect and continue Lender's
security interest in the Personal Property. In addition to recording this Mortgage in the real property records, Lender may, at any time
and without further authorization from Grantor, file executed counterparts, copies or reproductions of this Mortgage as a financing
statement. Grantor shall reimburse Lender for all expenses incurred in perfecting or continuing this security interest. Upon default,
Granter shall not remove, sever or detach the Personal Property from the Property. Upon default, Grantor shall assemble any Personal
Property not affixed to the Property in a manner and at a place reasonably convenient to Grantor and Lender and make it available to
Lender within three (3} days after receipt of written demand from Lender to the extent permitted by applicable law.
Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party) from which information concerning the security
interest granted by this Mortgage may be obtained (each as required by the Uniform Commercial Code) are as stated on the first page
of this Mortgage.
FURTHER ASSURANCES; ATTORNEY-IN-FACT. The following provisions relating to further assurances and attorney-in-fact are a part of
this Mortgage:

Sea~
By
Date~
FILED: PALM BEACH COUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 MORTGAGE
(Continued) Page 4

Further Assurances. At any time, and from time to time, upon request of Lender, Grantor will make, execute and deliver, or will cause
to be made, executed or delivered, to Lender or to Lender's designee, and when requested by Lender, cause to be filed, recorded,
refiled, or rerecorded, as the case may be, at such times and in such offices and places as Lender may deem appropriate, any and all
such mortgages, deeds of trust, security deeds. security agreements, financing statements, continuation statements, instruments of
further assurance, certificates, and other documents as may, in the sole opinion of Lender, be necessary or desirable in order to
effectuate, complete, perfect, continue, or preserve (1 I Borrower's and Grantor's obligations under the Credit Agreement, this
Mortgage, and the Related Documents, and (2) the liens and security interests created by this Mortgage as first and prior liens on
the Property, whether now owned or hereafter acquired by Grantor. Unless prohibited by law or Lender agrees to the contrary in
writing. Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to in this
paragraph.
Attorney-in-Fact. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender may do so for and in the name
of Grantor and at Grantor's expense. For such purposes, Grantor hereby irrevocably appoints Lender as Grantor's attorney-in-fact for
the purpose of making, executing, delivering, filing, recor-ding, and doing all other things as may be necessary or desirable, in Lender's
sole opinion, to accomplish the matters referred to in the preceding paragraph.
FULL PERFORMANCE. If Borrower and Grantor pay all the Indebtedness when due, terminates the credit line account, and Grantor

PY
otherwise performs all the obligations imposed upon Grantor under this Mortgage, Lender shall execute and deliver to Grantor a suitable
satisfaction of this Mortgage and suitable statements of termination of any financing statement on file evidencing Lender's security interest
in the Rents and the Personal Property. Granter will pay, if permitted by applicable law, any reasonable termination fee as determined by
Lender from time to time.
EVENTS OF DEFAULT. Granter will be in default under this Mortgage if any of the following happen: (Al Grantor commits fraud or makes
a material misrepresentation at any time in connection with the Credit Agreement. This can include, for example, a false statement about

O
Borrower's or Grantor's income, assets, liabilities, or any other aspects of Borrower's or Grantor's financial condition. (B) Borrower does
not meet the repayment terms of the Credit Agreement. (Cl Grantor's action or inaction adversely affects the collateral or Lender's rights
in the collateral. This can include, for example, failure to maintain required insurance, waste or destructive use of the dwelling, failure to

C
pay taxes, death of all persons liable on the account, transfer of title or sale of the dwelling, creation of a senior lien on the dwelling
without Lender's permission, foreclosure by the holder of another lien, or the use of funds or the dwelling for prohibited purposes.
RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter, Lender, at Lender's option,
may exercise any one or more of the following rights and remedies, in addition to any other rights or remedies provided by law:

ED
Accelerate Indebtedness. Lender shall have the right at its option without notice to Grantor to declare the entire Indebtedness
immediately due and payable, including any prepayment penalty which Granter would be required to pay.
UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured
party under the Uniform Commercial Code.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property, with
FI
the power to protect and preserve the Property, to operate the Property preceding foreclosure or sale, and to collect the Rents from
the Property and apply the proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve
without bond if permitted by law. Lender's right to the appointment of a receiver shall exist whether or not the.apparent value of the
Property exceeds the Indebtedness by a substantial amount. Employment by Lender shall not disqualify a person from serving as a
receiver.
TI

Judicial Foreclosure. Lender may obtain a judicial decree foreclosing Grantor's interest in all or any part of the Property.
Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the Indebtedness
due to Lender after application of all amounts received from the exercise of the rights provided in this section.
Tenancy at Sufferance. If Granter remains in possession of the Property after the Property is sold as provided ·above or Lender
ER

otherwise becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of
Lender or the purchaser of the Property and shall, at Lender's option, either 11 I pay a reasonable rental for the use of the Property, or
(2) vacate the Property immediately upon the demand of Lender.
Other Remedies. Lender shall have all other rights and remedies provided in this Mortgage or the Credit Agreement or available at law
or in equity.
C

Sale of the Property. To the extent permitted by applicable law, Borrower and Grantor hereby waive any and all right to have the
Property marshalled. In exercising its rights and remedies, Lender shall be free to sell all or any part of the Property together or
separately, in one sale or by separate sales. Lender shall be entitled to bid at any public sale on all or any portion of the Property.
Notice of Sale. Lender will give Granter reasonable notice of the time and place of any public sale of the Personal Property or of the
A

time after which any private sale or other intended disposition of the Personal Property is to be made. Reasonable notice shall mean
notice given at least ten ( 1 01 days before the time of the sale or disposition. Any sale of the Personal Property may be made in
conjunction with any sale of the Real Property.
Election of Remedies. All of Lender's rights and remedies will be cumulative and may be exercised alone or together. An election by
T

Lender to choose any one remedy will not bar Lender from using any other remedy. If Lender decides to spend money or to perform
any of Grantor's obligations under this Mortgage, after Grantor's failure to do so, that decision by Lender will not affect Lender's right
to declare Grantor in default and to exercise Lender's remedies.
O

Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Mortgage, Lender shall be
entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any
court action is involved, and to the extent not prohibited by law, all reasonable expenses Lender incurs that in Lender's opinion are
necessary at any time for the protection of its interest or the enforcement of its r-ights shall become a part of the Indebtedness payable
N

on demand and shall bear interest at the Credit Agreement rate from the date of the expenditure until repaid. Expenses covered by
this paragraph include, without limitation, however subject to any limits under applicable law, Lender's reasonable attorneys' fees and
Lender's legal expenses, whether or not there is a lawsuit, including reasonable attorneys' fees and expenses for banki-uptcy
proceedings !including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment
collection services, the cost of searching i-ecords, obtaining title reports (including foreclosure reports), surveyors' reports, and
appraisal fees and title insurance, to the extent permitted by applicable law. Granter also will pay any court costs, in addition to all
other sums provided by law.
NOTICES. Any notice required to be given under this Mortgage, including without limitation any notice of default and any notice of sale
shall be given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise required
by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as first
class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Mortgage. Any person may
change his or her address for notices under this Mortgage by giving written notice to the other person or persons, specifying that the
purpose of the notice is to change the person's address. For notice purposes, Granter agrees to keep Lender informed at all times of
Grantor's current address. Unless otherwise provided or required by law, if there is more than one Granter, any notice given by Lender to
any Granter is deemed to be notice given to all Grantors. It will be Grantor's responsibility to tell the others of the notice from Lender.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. What is written in this Mortgage and in the Related Documents is Grantor's entire agreement with Lender concerning
the matters covered by this Mortgage. To be effective, any change or amendment to this Mortgage must be in writing arid must be
signed by whoever will be bound or obligated by the change or amendment.

Sea
By ~
-- -
Date ~n..A.
--.-r---i-,1\LED: PALM BEACH COUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM
 MORTGAGE
(Continued) Page 5

Caption Headings. Caption headings in this Mortgage are for convenience purposes only and are not to be used to interpret or define
the provisions of this Mortgage.
Governing Law. This Mortgage will be governed by federal law applicable to Lender and, to the extent not preempted by federal-law,
the laws of the State of Florida without regard to its conflicts of law provisions. This Mortgage has been accepted by Lender in the
State of Florida.
Choice of Venue. If there is a lawsuit, Grantor agrees upon Lender's request to submit to the jurisdiction of the ·courts of Miami-Dade
County, State of Florida.
Joint and Several Liability. All obligations of Borrower and Grantor under this Mortgage shall be joint and several, and all references to -
Granter shall mean each and every Grantor, and all references to Borrower shall mean each and every Borrower. This- means that
each Borrower and Granter signing below is responsible for all obligations in this Mortgage.
No Waiver by Lender. Granter understands Lender will not give up any of Lender's rights under this Mortgage unless Lender does so
in writing. The fact that Lender delays or omits to exercise any right will not mean that Lender has given up that right. If Lender does
agree in writing to give up one of Lender's rights, that does not mean Granter will not have to comply with the other provisions of this
Mortgage. Granter also understands that if Lender does consent to a request, that does not mean that Granter will not have to get

PY
Lender's consent again if the situation happens again. Granter further understands that just because Lender consents to one or more
of Grantor's requests, that does not mean Lender will be required to consent to any of Grantor's future requests. Grantor waives
presentment, demand for payment, protest, and notice of dishonor.
Severability. If a court finds that any provision of this Mortgage is not valid or should not be enforced, that fact by itself will not mean
that the rest of this Mortgage will not be valid or enforced. Therefore, a court will enforce the rest of the provisions of this Mortgage

O
even if a provision of this Mortgage may be found to be invalid or unenforceable.
Merger. There ·shall be no merger of the interest or estate created by this Mortgage with any other interest or estate in the Property
at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender.

C
Successors and Assigns. Subject to any limitations stated in this Mortgage on transfer of Grantor's interest, this Mortgage shall be
binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a
person other than Grantor, Lender, without notice to Granter, may deal with Grantor's successors with reference to this Mortgage and
the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Mortgage or liability under
the Indebtedness.

ED
Time is of the Essence. Time is of. the essence in the performance of this Mortgage.
Waive Jury. All parties to this Mortgage hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by
any party against any other party. (Initial Here _ _ _ _ _ _ _ )
DEFINITIONS. The following words shall have the following meani~gs when used in this Mortgage:
FI
Borrower. The word "Borrower" means Laurence Schneider and includes all co-signers and co-makers signing the Credit Agreement
and all their successors and assigns.
The words "Credit Agreement" mean the credit agreement dated July 28, 2006, with credit limit of
Credit Agreement.
$1,500,000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of,
consolidations of, and substitutions for the promissory note or agreement. The final maturity date of the Credit Agreement is July 28,
TI

2016. NOTICE TO GRANTOR: THE CREDIT AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund
ER

Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C.
Section 1801, et seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or
fereral laws, rules, or regulations adopted pursuant thereto.
Event of Default. The words "Event of Default" mean any of the events of default set forth in this Mortgage in the events of default
section of this Mortgage.
Grantor. The word "Granter" means Laurence Schneider and Stephanie Schneider.
C

Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or
physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment
when improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words
"Hazardous Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic
A

substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also
includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.
Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on
the Real Property, facilities, additions, replacements and other construction on the Real Property.
T

Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the
Credit Agreement or Related Documents, together with all renewals. of, extensions of, modifications of, consolidations of and
substitutions for the Credit Agreement or Related Documents and any amounts expended or advanced by Lender to discharge
O

Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under this Mortgage, together with interest on
such amounts as provided in this Mortgage.
Lender. The word "Lender" means Bank of Coral Gables, its successors and assigns. The words "successors or assigns" mean any
N

person or company that acquires any interest in the Credit Agreement.

Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender.
Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or
· hereafter owned by Granter, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
additions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without
limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Property.
Property. The word "Property" means collectively the Real Property and the Personal Property.
Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Mortgage.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
instruments, agreements and documents, whether now or h~reafter existing, executed in connection with the Indebtedness.
Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived
from the Property.

s;1.W
By

o e ~ D : PALM BEACH COUNTY, FL, SHARONR. BOCK, CLERK. 6/27/2017 3:00:00PM

 MORTGAGE
(Continued) Page 6

EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND EACH GRANTOR AGREES TO ITS
TERMS. . -

GRANTOR:

x ____...,,.._,_____________-=.::::...----
Laurence Schneider

Stephanie Schneider

PY
O
C
INDIVIDUAL ACKNOWLEDGMENT

-~td(J~~U!4~~--~~4:~--------

ED
STATE OF
)SS
COUNTY OF _/4;L-'w'-"'L_.._./lk.__-'-A~·e_,?
4-'~c,,ec__--=---- )
- -

The foregoing instrument was acknowledged before me this day of

___
j_ fj'-,'J.
. .,-~-'µ--p-.,,4_ __,
/4.?.,,.,-
20 <:l ·7i.f~ . G;,
by Laurence sczeider and Stephanie Schneider, who are personally known to me or who hav_e_p_r=o-_d_u_eJci__,_
FI
7>/l,LJJNL3 &,/J,4IA take
as ;dentmcat;on and d;d / d;d n · o oa
an~ tt h ~'6-___
TI

~~~cknowledgi'\'rent)

,4"
-";ARY PUBLIC-STATE OF FLORIDA

..;·
Morag R. Alexander
CoIJ?ffiission # DDS24188
(Name of Acknowledger Typed, Printed or Stamped)
ER

• Expires: MAR. 01 2010 (Title or Rank)

donded Thru Atlantic Bonding Co.• Inc.
(Serial Number, if any)
C

LASER PRO Lending, Ver. 6.30. 'J0.001 Ccpr. Harland Flnanciel SoluOona. Inc. 1097~ 2008. All Righta Re.served. • FL C:\DATA\APPS\HARLANO\CR\LPl.\GO:J.FC TR-26 PR-6
A
T
O
N

5~ .
~"'tA_ - ~ E D : PALM BEACH COUNTY, FL, SHARON R. BOCK, CLERK. 6/27/2017 3:00:00 PM