IN THE SUPERIOR COURT OF T DlvlsloN oF sr. c MANAL MOHAMMAD YOUSEF, a/k/a MANAL MOHAMAD YOUSEF, Plaintiff, ctvtL, No, sx-17-cv- ACTION FOR DEBT AND FORECLOSURE OF REAL PROPERTY MORTGATE SIXTEEN PLUS CORPORATION, Defendant. SUMMONS TO: Waleed M. Hamed. Resident Aoent for Sixteen Plus Corooration . DEFEN DANT Address: 6-H Carltons Garden. Frederiksted. St, Croix 00840 Corporate Address: 4C&D Sion Farm. Christiansted. St. Croix 00820 Within the time limited by law (see note below) you are hereby required to appear before this Court and answer to a complaint filed against you in this action and in case of your failure to appear or answer, judgment by default will be taken against you as demanded in the complaint and for such other and further relief as is requested therein VS. ) ) ) ) ) ) ) ) ) ) ) 3/ 2017 Witness my hand and the Seal of this Court this day of ESTRELI..A H, GEORGE Clerk of the Court James L. Hymes, lll, Attorney for Plaintitf 1138 King Street (The Pentheny Buitding) Christiansted, St. Croix, USVI 00820 Telephone: (340) 773-1700 uire By n^ D NOTE: The defendant, if served personally, is required to file his answer or other defense with the Clerk of this Court, and to serve a copy thereof upon the plaintiff's attorney within twenty (20) days after service of this summons, excluding the date of service, The defendant, if served by publication or by personal service outside of the jurisdiction, is required to file his answer or other defense with the Clerk of tlris Court, and to serve e copy thereof upon the attorney for the plaintiff within thirty (30) days after the completion of the period of publication or personal service outside of the jurisdiction, o
Transcript
IN THE SUPERIOR COURT OF T
DlvlsloN oF sr. c
MANAL MOHAMMAD YOUSEF,a/k/a MANAL MOHAMAD YOUSEF,
Plaintiff, ctvtL, No, sx-17-cv-
ACTION FOR DEBT AND FORECLOSUREOF REAL PROPERTY MORTGATE
SIXTEEN PLUS CORPORATION,
Defendant. SUMMONS
TO: Waleed M. Hamed. Resident Aoent for Sixteen Plus Corooration . DEFEN DANT
Within the time limited by law (see note below) you are hereby required to appear beforethis Court and answer to a complaint filed against you in this action and in case of your failure toappear or answer, judgment by default will be taken against you as demanded in the complaintand for such other and further relief as is requested therein
VS.
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3/2017
Witness my hand and the Seal of this Court this day of
ESTRELI..A H, GEORGEClerk of the Court
James L. Hymes, lll,Attorney for Plaintitf1138 King Street (The Pentheny Buitding)Christiansted, St. Croix, USVI 00820Telephone: (340) 773-1700
uire
By n^D
NOTE: The defendant, if served personally, is required to file his answer or other defense with the Clerkof this Court, and to serve a copy thereof upon the plaintiff's attorney within twenty (20) days after serviceof this summons, excluding the date of service, The defendant, if served by publication or by personalservice outside of the jurisdiction, is required to file his answer or other defense with the Clerk of tlris Court,and to serve e copy thereof upon the attorney for the plaintiff within thirty (30) days after the completion ofthe period of publication or personal service outside of the jurisdiction,
o
IN THE SUPERIOR COURT OF THE VIRGIN ISLANDS
DIVISION OF ST, CROIX
MANAL MOHAMMAD YOUSEF,a/k/a MANAL MOHAMAD YOUSEF,
ctvtL No. sx-17-cv-Plaintiff,
ACTION FOR DEBT ANDFORECLOSURE OF REALPROPERTY MORTGAGE
SIXTEEN PLUS CORPORATION,
Defendant,
COMPLAINT
COMES NOW the plaintiff, Manal Mohamad Yousef, also known as Manal
Mohammad Yousef, (hereinafter "Yousef"), through her undersigned attorney, James
L. Hymes, lll, and as and for her complaint to foreclose mortgage against the Sixteen
Plus Corporation (hereinafter "Sixteen Plus"), respectfully shows to the Court and
alleges:
1. This Courl has jurisdiction over this matter pursuant to 4 V,l,C. S 76.
2. Venue is proper in this forum.
3. Yousef is a resident of Ramallah, West Bank, Palestine.
4. Sixteen Plus is a United States Virgin lslands corporation with its principal
place of business in St, Croix, U,S, Virgin lslands.
5. On or about September 15, 1997, Sixteen Plus executed and delivered a
Promissory Note (the "Note") in favor of the plaintiff Yousef in the principal sum of Four
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Page 1 of 5
SCVI/STX Civil No. SX-17-CV-COMPLAINT
Million Five Hundred Thousand Dollars ($4,500,000.00) together with interest at eight
percent (8%) per annum. A copy of the Note is marked as "Exhib¡t 4", is attached hereto
and is made a paft hereof.
6, The repayment of the indebtedness under the Note is secured by a First
Priority Mortgage dated the 15th day of September,1997 , in the amount of $4,500,000.00,
given by the defendant Sixteen Plus to the plaintiff Yousef which was recorded in the
Office of the Recorder of Deeds for the District of St. Croix, U.S, Virgin lslands, on
February 22,1999, in Photocopy Book 679, at page 33, Document No. 76811999, A copy
of the First Priority Morlgage is marked as "Exhibit 8", is attached hereto and made a
part hereof,
7. The defendant Sixteen Plus executed a corporate acknowledgment on
September 15, 1997, on both the Note and First Priority Mortgage executed by the
Secretary of the defendant corporation attesting to the fact that both the note and
mortgage document were properly signed by the President of the defendant corporation,
Waleed Hamed, and that the First Priority Mortgage was signed and delivered by the
corporation as its voluntary act. The corporate acknowledgment appears on the Note
attached as Exhibit A and the First Priority Mortgage attached as Exhibit B.
8, The First Priority Mortgage covers the mortgaged premises described as
those parcels and remainders of parcels, and road plots set forth and described in
seventeen (17) separate listings in Exhibit A to the First Priority Moftgage, and commonly
known as the Estate Diamond Keturah located in St. Croix, U,S. Virgin lslands,
Page 2 of 5
MANAL MOHAMMAD YOUSEF a/k/a MANAL MOHAMAD YOUSEF vs. SIXTEEN PLUS CORPORATIONSCVI/STX Civil No. SX-17-CV-COMPLAINT
9. The defendant Sixteen Plus made three (3) payments of interest only in the
amount of $360,000.00 each in 1998, 1999, and 2000, but othenruise failed to comply with
the terms and conditions of the Note and First Priority Mortgage (the "loan documents"),
and is in default under those instruments, despite demand for payment for failing to pay
principal and interest when due,
10, The three (3) interest only payments made by the defendant Sixteen Plus
to the plaintiff Yousef in the amount of $'1,180,000,00, is an acknowledgment by Sixteen
Plus of the validity of the Note and First Priority Mortgage executed by it, and the
defendant Sixteen Plus is estopped to deny its obligation to make payment in full of all of
the principal and interest due by it to the plaintiff as set forth therein.
11, The plaintiff Yousef, pursuant to the terms and conditions of the loan
documents, has elected to declare the entire unpaid principal sum, and all accrued
interest and late charges, due and payable
12. The plaintiff Yousef is entitled to be reimbursed from defendant Sixteen Plus
for the costs and fees, including reasonable attorneys' fees, for being required to institute
and prosecute this action.
WHEREFORE, the plaintiff Yousef respectfully requests that the Courl enter
judgment:
a) declaring that defendant has defaulted on the loan documents,
thereby entitling the plaintiff to exercise all of the remedies provided for in those
instruments;
Page 3 of 5
MANAL MOHAMMAD YOUSEF a/k/a MANAL MOHAMAD YOUSEF vs. SIXTEEN PLUS CORPORATIONSCVI/STX Civil No. SX-17-CV-COMPLAINT
b) declaring the outstanding unpaid debt due under the loan
documents, including principal, interest, late charges, costs incurred by plaintiff in
protecting her rights in the mortgaged premises, if any, including any payments
made by her with respect to the mortgaged premises during the pendency of this
action and prior to the foreclosure sale thereof, together with post judgment interest
on the judgment amount;
c) against defendant Sixteen Plus, awarding plaintiff Yousef all unpaid
principal and interest, due and payable to plaintiff Yousef as of the date of
judgment, plus interest accruing thereafter at the legal rate until judgment is
satisfied;
d) enforcing and foreclosing plaintiff Yousef's first priority lien on the
mortgaged premises, determining the priority of liens in ordering the morlgaged
premises to be sold in satisfaction of the total indebtedness to plaintiff Yousef, and
foreclosing upon any and alljunior liens or encumbrances of any nature recorded
after the date of the modgage herein;
e) against defendant Sixteen Plus for any deficiency that may remain
due after such sale;
f) declaring that defendant Sixteen Plus, and all persons claiming from
and under it, are barred and forever foreclosed of all right, title, lien, claim, and
equity of redemption in and to the mortgaged premises subject only to the statutory
right of redemption, except where waived and released;
Page 4 of 5
MANAL MOHAMMAD YOUSEF a/k/a MANAL MOHAMAD YOUSEF vs. SIXTEEN PLUS CORPORATIONSCVI/STX Civil No. SX-17-CV-COMPLAINT
g) granting possession of the mortgaged premises to plaintiff Yousef,
or the purchaser at the foreclosure sale against defendant, or anyone holding
under defendant;
h) appointing a receiver, if one is sought by plaintiff Yousef, to manage
the mortgaged premises pending resolution of this foreclosure;
i) awarding plaintiff Yousef the costs and fees incurred by her in
protecting her rights in the morlgaged premises during the pendency of this action
and prior to the foreclosure sale thereof; together with post judgment interest on
the judgment amount, costs and reasonable attorneys'fees and
j) awarding plaintiff Yousef such other and further relief as the Court
appears just and proper in the premises
Respectfu I ly S u bm itted,
DATED: August 31,2017 LAW OFFICES OF JAMES L. HYMES, III, P.C.Counsel for Plaintiff -
Manal Mohammad Yousefa/l</a Manal Mohamad Yousef
ES L. HYMES, IIIVl Bar No, 264P.O, Box 990St, Thomas, Virgin lslands 00804-0990Telephone: (340) 776-3470Facsimile: (340) 775-3300E-Mail: [email protected];[email protected]
B
c:\youssf\2017-08-31, complainl...
Page 5 of 5
*EXHIBIT A"
$4,500,000 Septcmbcr lt gg,PROMISSORY NIDTß St. Croix, U,S.V,I.
FOR VA].UE RECEIVED, Sixtæn Plw Corporation (rllvf.aherl') promlscs to pay to tbcorder of Ma¡al Mobanad Yousef ("Holder') of 25 Gold Fincb Rogd Polnte Blancho, St,Martin, N;Ar;, or st¡cå otler placc as lloldcr ¡uy designatc to Makcr ll tittdng from time totimc, thc principal sum of Four Milliori, Fíve Hur¡dred Ihousand Dollars (S4,500,000) togetlicrwlth lnterest at 8% per annum in lawfr¡l money of ths Uflitod Sîâþs of America.
Such irdebtedncss sh¡ll be paftJ as follows:
Paymcnts of interest only ($36O,OOO pcr ycar) wlll,be madc on tlrearuriversary of the date of this trote fór five yeary, ylth payment ofthe ñrtt ptincipal due five yeus from hs dâtc of :this tote.
: Thls Notc is sccurcd þ a fïrs,t prlorl_tf mortgagg (*Mortgqge'), &ted of eveü datc¡ iufrvo¡ ôf the Holder encumbering ceftôin teal pno¡nrty known asl , .
SEE AKtrIBIT A
.i . , .I¡ fr¡rther con¡tdeictÍoo for thls loan¡!¡Ofit roælv.ad frôn rhe iale of Uc pmperty d
,1.,, , M¡Icor shall:pay tc holder ¡ lats clurge in'þfitbo,Holdcr on the dar. th¡r it is due. fhe hte,
'Frincipnl Bals¡qe.AræUndlug on:Note x
i,,,{lmbor of dqys ..
.:bntwesn d¡telh8tallment duÞ
,a¡d d¡teln¡tallmcntrecelved.
x
365
y llolder ¡hill be appllod a¡ follows: first; ¡o aqy unpaid tarc, lo any unpaid aærued int*est; and fin¡lly, lha þalqnco, lf any,.
due tereunder o¡ u¡dor thc Mortgage, ål lho option of ths Holder wilhout ¡otlcc or dcmand, atome beco¡le due and payabte ¡¡d rnay bc collcctil forthwltb, snd thc entire uupaid principalbalanco of úi¡ Note ¡hall thererfter bcal inærest at a per g¡¡gurn ratÊ o$al to oigbbcrr pcrc4Dr(18.016) pcr anm¡m sinple intcrËst. .A défault shall be cured hcçundcr only upon theocctureDcô of the following:
- Payment of thc sum aúd/ûr perfonuanæ of the obllgation whlch was the basis of thedefault; and
Pa¡trnent of rll su¡ns (lnpluding lato fcosand ¡ubseqr¡cnt iugtallmcrDtô) and/orpcrfom:ranceof all obligatlons whlcb have bæono due hercunder as of the datc of stltt.
In tlp øwnt thi¡ Nog, ol Eqy.p¡rtMaf,er egtÊës tó pay all costscos6, Ar¡y noticc aêût Lûprovislons contalngd in üe.
þfr0têBt,:: proæst ald nou-paymentafÞ
, rhh htem¡Hcd, aúdonforceablc, slaûds.
stch of Båid
¿ll of üre
IN WITTVESS' WHFEBOfiiMaUø bæ cnurod rliis Note lo bê cxeçutcil by iE dutyuuthorÍzed ofËrccr effe¿Íve üe:d¡to fint,ebove.wrlam. .
TIIIS MORT1}AGE ("Mortgagc") is nade tlrts 1f day of Septeorbct, lgg7, betweenSi¡æ¿n Phs C;oryoratlon, whosc add¡ess le 4C & D Slon Far¡r, Cb¡t¡tlansæd, St. Croix,00820, ("Bonower') and Ma¡Âl Motram¡d Yousef ('Iænder") whose addrçsy. is 25 Gotd FinchRoad, PoÍ¡tæElanche, St, Marti¡, N'4.;
WITNBSSETHT
A, Bormwer is j,uüy Indebted to lændcr tn tho princþal sum of Four MlllÍon, FiveHundrcd fhor¡sand Dollan ($4,500;000) or so muoh thercof as ¡balt b¡yc bæn adv¡næd andremnins unpald, which indebtÉdtlËss.i¡ evHenccd by a Prqnrtssory Note in swh princÍpalanount, datcd of cven dste bs.rewtth std berel¡sfter refeirpd lo 4s the "Noten ard be¡rÄ íntorëstat tbo rtÞ oi rEtês strd. under tho tcrmi,est forth ln the Noæ, (eaid Noæ is incorpor¡tcd herçinby rcfererre ¿nd n¡de a pa$ hpÞo$; and
B. lonower \ì,ishcs to sÊctitp thc full ând punptual paylnent of the Notc o¡d thcsûd the full perfonnence of sll tbccoDtâl¡ted or l¡ ¡¡y other ôocr¡¡rcnt
rs bøcln ändforar¡s I¡
dorc
pAl'¡+otrt
:5W EffiBIT A
Togcther witb
and all uodifications,all rÌghts+f-vley, u6ef, r
rÀvllegæ, a¡d e4¡çment¡
O) 'all thû appllanocs, f,lürrr8, cquipnEú, buíI.$iqg uaterial¡ cnd otber porsonalPiqPgqt Dow or bcreaftor ownpd by tbo Borrowcr a¡d loc$Êal on tho pramt¡es dlteribÞd abovo,whqló¡or:[ot tnooryorned tntho lmprovomenb consUucæA Urereon, ad næe+*ry to the usemC occupnrcy thÞ¡oof; lmd i
(as óasgriboö in Sectlon12 âmo¡¡nt! rçcelvcd by tcl¡
a..flretlbe
-M'
?3.HAMD59ö314
F¡rr¡ FriqþHorlrw$hrao Þlu¡ C¡t¡ön¡hnÞ¡ro2
(d) . ell of ths Bonowef s rlgbts, bonefit$, tltlc ard l¡rterest aB lessorl in and to sûy88fÞcmeúto leaso, leascs, liæn8es, eâncësslonagrÊemenl0 and ot]er agtocments gfantlng a l'igltoi privilcge ta u¡9 or occl¡py s¡y portioD of thc Proprrty (collectivcly "[æasccn) now orhereafrer i¡ exigtonco and pertaining to rll or ony ponlon of tbo Propcrty deecrlb,ed above,tggether wtth a4y Ed all rents, issues, próñtÁ, Íêverures, inconrg, ea¡nest mongy o( c€Ér¡fltydeposif nradc purrurnt ro suoh l¡asæ ftom the hopcrty or Àûy part thereof (collectívcly'R¡nt¡n), ¡¡td ¡¡y sûd tll gt¡ânúhês of performalæe under any such [,essàs.
IT IS IIEREBY COI|ßNANIED by tho partiæ heruo that the Property i¡ to be hetd endsppllÉd õubjéc! to fìê fr&ther tc¡üs herri¡ ûct.forth; and the Bonower, for the Borncwer ¡ndBonowcr't sucæqsore ald assþns, hereby covenants and rgees with tl¡Ê lænder, as fotows:
l. IHE Norts.
wlll dulvlhe Fai¡6
I . t l¡suenc? nnd p¡l¡nont pf.O¡ Np¡ei Tho Bonower bæ issuø tho No¡e, a¡d
antl þal of tbe tltertst (if aqy) gn tbe NûtÊ in acsotdûnce wlthlhÉ ùtty oonp$.'rvit tf¡e tÈmu of rhe Notc. ,l
inpos€d on o¡ ln rcqpecÈ of or bo a. llenth¡rcfrom or any est¡to, right or tnærast
FitlV co.$ryt{ on tho Property 9r ¡qy pgltboreof. Suctr pafmons wltl bs nrAe Uforc anyflnt, pc'nrþ, lúoroft or cosi loay bc addcd for noryayned, lø t¡o Bo¡pwor wilt ñlrntsh útbs l¡ndsr, upor ¡pqucst, offfclel reootptr orotlÊr sÁth&4ôry prgof evfdeoclry ruchpaynenrs.
8. CONSIRUG'IÏON LIENS. Suhiæt to: Sedion 9 rela-ng lo confÞsb, tho $r
HAMD6963I6 '
Ftd D¡lodtt MsÍlta¡ôtl¡¡ä Plu¡ corparll¡nP¡r {
Bonower shall ng!, wlthouc lbe l*nder'q pnor writæn approval, dhecüy or tnditectly cteâfe orp€rnit or suffcr to be croated or ûo rtfinsin; and will dischargo, or cnüe to bo dlocha¡ged withinthirty (30) days aftcr isiruancp thereof, any conrtÌuotlon licn with rcspect to the hopert-y or anypan tbereof, oi tho L¿ndor's iu¡erc¡t thbrcin
9. PERMfrTmf¡ COIìITEST.S, Tlre Bonower ot ¡ tëx¡rt under any lcue,::st its
tsldng ó¡d scÊHng and obtatning aqy.arraril or psyncnt on accomt Ècrcof. Sr¡di cons rutlcrycnsor slull co¡stiütc indçbæancs¡ sær¡rpd by thi¡ Moatgago^
H4MD596317
$(
Fnl h{¡ctv Mod¡rûèSl¡!å liú CoÞoÌrhaFl3c5
' lL.z Taklftg. In the c¡¡e of a t¡kittg of wbaþver ¡aùüÊ, t¡otal or partial, of thcProperty or any portton Îtcrcof, r¡ly paymeñt or awsrrl on accoutrt of such taking ßhnll becollectcrl and patd over iD accord¡nce with fhc provlslons of Section 1.2 hercof.
12. WrTItsn.13. FIE¡VTIONALÍ .Y OMIT{EΡ
14 , NO CTEpIf FOR PÀTì/IE_" ¡It OF TAT,T,S r The Eorower shall not be eutltlcdto åny credit againsÊ the hincþat of on¡l htere$, if any, on tha Notc,'or qíyiolhcr'fl¡¡t¡g lv hnay_becorne payable unöe¡ üe tcilms theiËot or hercof, by rcåson of :the pajmurt of any t¡ix ontlio Proparty or anJ¡ psrt theÞof, ' ,
pcütlon flled agatnst tt i¡ 6ny ilch pñcëóappolntuc¡t of atV trl¡¡þc or rçælvcr; or
Bry üustao. or fscolv€r of, tbs Bg¡¡qrer¡er, nrch appolmncnt sh¡lt not have bæn
vÂc¡ìEd; ol
(p)or atry part of theof phragraphs 30,
lf tb Bonoc,êd rsslgns or eell8, or fi4bcr êtrmmbcr8r lb inþrest h alt
fffiJ.rf,ùeBeneflctd owncrehþ of Bonuwcr shntl ch¡qgê i¡viot¡tion
,Sl"
HAME5963I B
Flñt Prhrky Môntr|¿5¡ß6 Ptrs Coîorfion,F¡¡o6
Then a¡d ln any cuch event (regardlæs of the pcndency of af¡y proccedilg which has o¡might bavc thc bffcct of prevenli4g the Bomower fnorn conplylng $'ith the terms of theMortgage), the L¿ndbalancoand oll othcrlflüedi¡Fly duc andhereby waived.
16. ru,MEDrFl OUmE EO¡DFR OF'IEE NOTT..
måy pItw, IsgrEelncnt cqtrÞined hc¡ci¡, or fof ¡û lqiunctlon agalnst tho violation of any of tho tBrus hercof,or l¡ eid of ths exerclso of rny,powet gnntcd bercby or.by law.
t6.2 C¡l.ct nf F.;ftrritêrm-nt. î¡9 Bomwor,slnll pay on demad all cosÍ¡ strdaxpnsos (including, srlthoìtt ttdmoys'fecs anl
the.Note, or arytqy'
on thc psÍ of tho l*¡rder toor:by slstutc or af lÂw or ltr
17. If.rrEMfON4I,IrvOMfIfpn.., .': '..,
at 8qyagalnstl¡¡dsr f '.thosçIlltlg apy other ch lsbercby rgrws tbrt tion,of th property ln
lg, Â pPOINTÌ!fF."ÀI'I!0)F R&CEIVtrR. ,lf .an Ér,øt of Default ¡ball h¡ve ocs.red,thc I¡¡der s[all bo entitled, åô . tapff of rlght wlthout rugard t9 thp ldequ¡cy or tnaôoquacyof thc l¡¿dsr's ecuuiry. p $o-gpobqcm of s reo.lvca for alt or aqy ps¡t of the Propr_rty,
is iældotrtal to trpropoæd ¡alo of tba Propcrty or otbpnvi¡e, and üe ^,/to tho appohünont of ¡uch a recclver ¡nd sb¡ll not oppæc aly euob ñf
' HAMD596319
Firi fÌlùdry Mct¡rlGSl$ñ Pfin CortoñüoôÞTo ?
20. . Pf,IßçftAËp oF PROSE'RTY BY THE FOT.pRn OF'TI{B NOïE, TheLender mty bÊ a,þurctrascr of the Pmperg oÌ of âûy prrt thereof or of sÍy interest the¡ein atany forcclontt s¡lo tlcrcof aod rn¡y apply upon ttre purthase prlcÞ the lndcbtodnes¡ scql¡tdhcreby owtqg to lbc l¡nder, Tts l¿nde¡ shall, upon any snch purcbaae, ecquíre good t¡ttê tothe proportl06 ôo purçbascd, tcç of tbc llen of this Mortgage and froe of ail lÍeæ ândencumbran'æs n¡bordin¡te to the MortgÊgê.
Upou any salet theÉin pursuatrt to forpclosurc, thc rÊûcipt
sh¡ll be zufrclent discharge to thepu¡rhâsôr ¡lull not be obliged to see to the
IIIIRDr þy other fodåtcdnoss secrued by ùis,Mo*gage and at thetùnedns sld payúle (whetber by rccclaatlon or otlrrwlsc)¡
: FOLIRIET Aqy i¡debtcdnctt sccu¡cd by ary llon ou üË Propcr$, wtiicb t¡sr¡bo¡dhrto to tletlcn of this Mortgrgc¡ ard:
fllPffi¡ AÍy bâlorËo to the Borowçr.
2¿3. RHUED4S qUr,flJLAfTlln Each rlg[t,,power ald rcoedy of rhs I¡nder
HAMD596320
-*(
llrl ttlcty Mtrg¡côI¡¡cr¡ Plr¡ Cor¡òr¡¡o¡ll¡08
provided for in thi¡ Mortgiagc o¡ now or berÇafrer ôristiDg at law or ln cqutty or by nsÐte orothots¿i¡o uh¡lt br curnuhttvc ¡nd cônc:t¡¡rcnt and shalt be i¡ addítlon ùo overy othct rigbt, poweror roined¡ pmvlded for i¡ thle Mortg¡ge or now or hcÍ,9aftôr exlstfurgl at law or ln equity or bystaürÞ or otherwlssr snd thÞ ¿¡erclse of Âûy otre or E¡orc of srrch rlgbto, shllloot preclude thëslnull¡rÞous or laFt çxÞrçlso:of ¡ûy or all such oùcr righb, powerB or r\qnedÍes.
U, NO,ltf4EF&..4T.q. No f¡Ílure by tho l.endu or ûe holder of tbe Not¿ to insistupptr tbc s rlght, powgr or temÞdycôtfogl¡Ênt tÊfrors¡y nrch brcach.No'waivø ¡ll condnue in tull force;a¡d offect wtth respÊct:to guy othcr tbcn exlrtl¡g or nrbscqucnt breach..
25'acloowledge
.FTIRTI{ÌTÞ iAFRf.fPANf:I¡ß.. lte Donower at itâar¡d dcDver'all such iosm!ûcntr ard Efte all sugf¡ rgfo[B
o¡çerse wlll exeçute,gs tfæ I¿ndcrÊom tino
¡o.tigro m¡y rcasonrbly reqrrcstfor the bottêr aasuraûcö to úe I;¿nOðr Of b¡Tppsrty anú rtght¡.pt,lstÊf,ded so b bÊb lhÊ llcn hpreof or sðtigDd hoÉuud€r
protÊct,froû e¡d aggl4st aU clalfis,
ttp l¡ndsr's roqqeôt, wllt at thp Bonowertsp¡eocôditg or cûusc the ganc o bo re¡lsted ¡ndand rppmved by the l¡ndcc. Such obligario¡stoqrüed at ho time of ary termlnatlon or satlsftction of thi¡ MorGaÊp ôÞå¡¡'ti¡rvitÞ any euchtcmln¡tion, or ¡¡tlsfactlon"
n ,Èr
HAMD59t6321
to rn¡lc any paymont or rny åct fc$rued
to bo roado or pe r, åfter mch notlco fot he Borower as may beteaso¡¡blc undcr watviqg or rulcocing any obllgatlon or defrult,nay (hn ehall bo nay (but sball bc undor uo obllgation to) at anytimc hereafrcr 4lîb ruch palmcnt or perforo such ac¿t for tbe eccount ¡nd at ûro oxpensc ofthe Bonowor, nnd may nfci upon thá troperty orall sucb action tlreæon s, lo tho oplnlon of tbctltcrefor, AJI suüs so paidllmltatlon, attornoyle fccs a¡dforth in úhe Noæ, from the datê of Psymmt or tnnrrrtqg, shdll côûstin¡þ itrdêbtÊfuiess cei:urÞdby this Mortgage ald shall ,bs pÂld by tbo Borrowo¡ ro the hnder on dsmand,
All rlghts, ¡nwer andofts[d tb¡t the exe¡clsc thercof does oot
end ncccseary oo that thoyto bc Écoúed, ¡tgl¡tetrd
tbis Mo¡gego ebdl bo held to bc lqvrttd,f the Mortgage rhâlt lnno way bc affcctcd
1.:
I
ve :b
the othçr p¡¡ry by wrtttol
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30. ASSTONn¡F'IV& '
:
ignr thprcofl provlded, howwer th¡t tbo
the¡çof sh¡U bo futhæ meuÞor¡d whæby ünll bccomo lmngd¡a$ty.qfoconsdu¡to ¡n Bvcnt of Dcftult
tlnobo**; gobflgations of úc
þlAMD5e6322
,
'fktt Þh¡ttSl¡IrÉ Ptì!Pr¡o l0
Mo{U¡cCo¡potr,loo
or a.ny Psft of ütethe kndør's priorot sll), tho lænder
' to bc lmmedlately
,drlô atd p¿yable rnd Bqme sh¡ll cousdh¡tô str
f€quifhg tho Lcttd4t'¡:ròo. rleoot.
of sucÞ rvrlttcn ¡odæ of EortroÌvetrs braae;h by Iænd
¡¡att ¡n¡tc tucb hmb pa¡rrblc ùo and pay uchqniuon deu¡rd to ê¡cù tcru¡¡ thorcfor, doliycrçddolivrûhg suoh dommd to çûth rcml u¡$,lûSthÊ funbor ss to tþ erlseopo of a dcfrul
$$lqúqeü gf ths Rents, tùat Bonower brs not performed and will ùot pcrfiorm Bny acts and h¡s
f;':iTå1) month
prlor to tho d¡.lccollæt ot rccgpcdue dÂþs'of guch
,Irndtt n¡ch fiurher uslgnmcnu of Rcnts of thc Propqrty æ Iændcr mây from the to tiqerÞt¡uÊst,
letns asof ttrl¡ se*tbs
rccë,lvon managlqg
I : ',' : .: gg,X, All Reou collætcd bi tÊndô 3 sball bc applicd- n t[s ûo thc boo¡¡i and
of tc P¡oærty ond eball not be ll¡blo toÊr o¡ aqyo¡E b¡vlqg an l¡tcrcst Itr lbcI-ecrþr uûder rhls paraguph.
33.5. AD, cntcrí-ng upon and i"td.i"û and nafrurfdng of CoUrrot of üc hopertyW l,anÃû or,thc ¡æolvor a¡d rny apptløtion ofwÀivè ary dofaqlthsËNrüdor or lnvrlldaæ aaylaw or æ prwldcd hÊßh, thb aerignmcnt of
,f
HAMDsg6324
I
FktrPr{d¡t8l¡¡¿.r F,ürÞryc t2
Morr€aggMffigagc
fcoRPoRArE sF4l.l
ATTEST:
Morgr¡cCotgorribì
¡s ihis Morþage de+ses to sccr¡rìe indebtedne¡s held by lænder.
34, :MISFELt¡.fiIROUS; This Mortgage måy be cbangod, waived, dischrrged, ortennin¡æd o¡ly by an lnsrumc¡t i! wrifiqg cþed by tho party against wNch enforcemont ofthe c.bango, wdvet, dlscharge or tcnniiutlon is sought. ThÊ h€adinge ln this Mortgagc arc forcouvenlence of rofonence onty I,nd slu¡ll not li¡nit or otherwlse sffcct thc ñeâning hercof. ThlsMorgage 6þall bc gqwrncd by a¡d cônsHrcd ln aæordance wíth the hws of thc Unitcd StatesVifgln lclandc.
35, Ttrleand sball secu¡c thc ffithout llmltfng the fotegolng, this
s€cuçs a¡y ¡nd all intctcst oo ¡¡ç ludebtedness, costs of collectlon, and any edvanccstrrgde by the [4p{èr rcaso¡ably !Çcçsiâty fot,proæcdon of thc collater¡l or ohenrisc autborlz¡dhott-by. :i
tbÊ Boltrowçr b¿g oausodt[isMorfgrgc to bo du\y cxoqrùsql
ou tlte
SccÌch¡y
HAMD596325
Fln hlotþ Mort¡rgcB¡* p¡r6orDon*Prrs lt
TERRTTORY OF TrrB VIRGIN ISLANDS ì*r,
DISTRICT OF ST. CROD( )
On this Jfr* of Scptenbo r, Ígn,bcfore me tho undctsigned offlccr, pcrsoDållyappoa¡ed Íathj Ytsuf, knoum to Dre (or satisfrctorily provôn) and this pgteon acknowledgcduder oath, lo my c¡t¡BÞction, that:
(a) this pcruon ls the Sccrctery of Sixteen Plw Corporadon, the corporation rumcdin rbis Çonuasti
(b) this person is"gp athsrlng rvlmos¡ to thc slmtog of thls docunent by the pmpercotporato off¡ccr who ls Wdlaed Es$üt, ttro P¡tsldent of thc corporatioq '
(c) thi6 and deliveæd by the corpo¡aÉon as tu volunhy nci,
{uly,aulhorlzedby :j :,,:;i::
flbBosfdofDl¡pctorôi ,,lu
rdocumeol; nnd .':
(e) $h pøson ¡lgÐpd thls proof to attest ,o io *^ of théæ façÞ,
SIGNED Al,lD s oathl¡ /Cdav of'tH-.
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H4MD596326
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I
EXHIBIT A
P¡rccl No, 8, Esut¿ Cr¡a Oarden, of rpptoximrcf! 2.6111U'S. Ac(ôs.
