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THIS MORTGAGE, e~cuced ~hts 13tt~ d,y ot _ Ju1v ~9_.~. ac Miami, Flurida
b~ General. Development Cornorat~Ori. 3 nA~ ~W~3r~ c~ornnra~ -i n~ aiit.}in~~,ZgC~,
to t,ransact busin~ss in the State of Flori ~
of the fint parc, hereinaftar called tbe Mort~s~or, wLic6 tmn a wed 6erein ia evecy imtance ahall include tbe MoctQa~o~e hein, executnrs,
rdmiai~t~ators, succeywn, le~al represmtati~a sad wi~as, intludin~ all •ubseGuenc Qrastea, eitber ~oluntary by act of tbe partia or iavolun-
tar~ by operatioo of taw, and ~6~11 denote tbt an~ulu and/or plural~ and the ma~uline tad/or femiaine, aad aatunl and/ar acti~idai pee~
~ w6eorre~ and w6ererer the wotest w requica or adnnia, to THE FIR5T NATIdNAL BANK OF MIAMI~ a national baniun~ aaocia-
tion, of t6e ~ooood part, 6ereinafter called t6e Moctaa~ee, whic6 term a~ uscd he~eia ia e~ery inrtance ~Lall ioclude tbe Mort~s~ee'~ ~ucces-
•on, le~al rep~aeatativa and aseiQ,a, includiaQ aU ~ubsequenY a~i~ees, eit6er voluntary by act of t6e partie or involumtary by opertdon
af law,
WITNESSETH :
THAT for disen ~ood and ~aluable considrratioas, aad alw to ~eture t6e pa,yment of tht a~ragxte aum af moncy named in the prom-
iaory note of eren datr berevrith, heninafter meadoned, to~etbes i+ith enterest thereo~, aad alt ather sums of maneq ucured 6ereby ~u hereln-
aher prorided, t6e Morc~a~or doa ~ant, bar~aia, sell, atien, temite, releasq convey aad rnn£rm unto tbe MortgaQee, in fee ~imple, the land
St. Lucie Florida
of ~vhich the MortQaQor ia now aired and in actual porenion, ia the County of State of
_,_y dacribed a~ follow~:
QXi IIIIItIUI~~ilf Lo~ 2, Block 70, R~VER PARK UI~TIT 7, according
~~QI o ~ to th~ Plat thereof as recordeci in Piat Book
Co 12, Pages ~Z and i~lA, of the Pu~lic Records of.
~ (i St. Luc?_e CounLy, F1.orida.
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'"i C' ~ ~ IN ~AYMEMTUF7AX6S
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RECFaYED INTAMCieLE rER90~1A1 PROPERTYi
" ^ DUE ON CLASS'C'
' iJ~ol~~I~~u~u~a pURSUAN7 TO CH1~P~ie ~C e~f[t~t T~A~f11941,
ROG~R POITitN5~71S M.IAMES
A1Nno~ ~s Ae~r ~r
St. luci~ Cow~tY 7ax Coq~tt~or
3~~m •ss
~y ' pEPUTY CIERK
Together with all and ~ingulu the tenemcnts, hercdiammts, easemaats aad appurteaanca tbereuntn belong~ng, or ia any w'ru apper-
cuniQ~. and tbe renb, isaues, and prafiu tLtrsof, and alao all tFie dtue, right, title, ~ntert~t and sll elaim~ and demanda whanoever, t~ well
in lavr as in equity, of s+?id More~agar ia and ta the ~ame, wd e~est pan and parcel thereof, and also ~peeifically but not by way of limita-
tion all ~u and electsie fiztura, rsdiawn„ Leaters, water pumps, air condition'sng equipmcat, mac6inery, bailen, ran~es, devaton ind motors,
bath tnbs, sinb, wua eloats, ~?ater batia~, pipa, fautett, aad otber plumbing and 6eating fizturee, mantel~, refrigersting plants and 'ace
'.~e~, ~sindow ~cresns, ~crem doon, veaetian blinds, cornica, storm ~hutten and awninga, which are aow or may hereafte? pertain to or
be ustd witb, ia or oq said premi~es, tven though they be detathed or detacha~ble, zre and ~6a11 be deemed to be fistura sad aceeaoria !o
ebe freebold and a put of the realty ; and ~?l~o ~veb prnona! pmperty as may be specificaily described above or liued hereAfter on attsebed
e~rhFbiu
TO HAVE AND Z'O i~OLD the ~une, to~echcr with the tensments, hereditamcna and a~pvneoaaca thercunto beiongiag, and the
rent~, issua aad pro~its tbereaf, unto tLe said A3ortga~ee.
'I1~t ~aid Mort~a~or 6erebr w~enants with tbe said Mortgagee that the aaid Mortgagor i~ indefeasibly eeized with the absolute and fce
ample eitle to taid property~ and 6as fuli power and lawfui authoriry m sell, codrey, tramfer and mortgage the ~une; that it shall be la~vfu!
st any time 6ereafter for t6e Mart~gee ta ptsctabi~ and quietly enter apon, have, hold aud eajoy eaid property, aad every pxrx therrof; that
~sid property is free and di~charged from aU liens, eecumbaanca and claira~ oi any kind, includiag tues and a~uarnend, +except t6ose thu
ma~ be ~et out above or hersinaftcr; that the Mortgaaor wiU make at I~iortgagor's ezpease and at ao txpense to Mortgagee euch ot~er and fur-
ther wuranca to perfat t6e fee umple title t~ said land, fiuures ~nd persoaal pmpenY iu tbe Mortgsgee as map 6ereafter be required; and
t~tt the Mnr~a~pr 6eseby fu~lq warrants unto the Mort~agee the dtte to said property sad ~vill defend the same against tbe lawful claim~ and
dacsads of a!1 persaor ~s6oro~otver.
NOW, TFiEREFQRE, the oooditioos of thi~ mortQa~e ue such t6at if the Mortgsgor ahall well and truly pay unto the Mortgagee the
;ndebtednes~ evidenced bp t6u csrtain promi~sory note of even date herewith, made by the Mortgrgvr xnd payable to the Mortgager ia tlae
pdneipsl ~um of ~IRT+'EN THOUSAND "I'WO iNNUF7ED~~I~A~S _ (5~1~ 9~0_00 tbe final
pay~nent of which ia due on Janaarv ~-~~~96b , cogether with any note or aotrs hereafter ezecuted by the I?3ortg:gor
~ 6erein by and ia accoedance wieh pa~agraph aiztee*, of this mortgage ae hereinafter ~et fort6 and secured by the lien of thie mortgage, togs46er
with inter~at as therc;n atsced, and ahill perform, comply ~ith and abide Lsy esch snd every the sripnlation~ agrceroenb, cand;ticna sad care-
nsan contained znd aet forth in t6i~ mortgS~Le and in the p;omiasory oote eecured hereby, then thi~ mortgage and the estatc hereby crsated
~ha:l ceaae aod be null snd ~oid.
ANb, the Moet~t~or doa hereby concasnt and a~ree:
To perform, oornplr with and abide by euh~ and e~ery the sdpulation~, a~reemcnw, conditions and covensnu contained and set fortD
in ~id psomi•ory eoee ec naa, chis mort~sge and, if applicable, t6e loan agreanent betwEen the Mortgag~e and Mortg~gor.
2. To pay t6e iadebcedna, ~ccured br thi~ insteume~t snd aceording to the true tenor and tffcct of qhe promiasorq uote hereinabove
mendoned or of say senewal thcreof, promptly on ebe da~ or dayy t~e ~arse ~everally become due.
3. Ta pap, before becoming deUnquent, all obli~ations, encumbrancea, tazea, aesesunent~, paviag, iidewallc, ~aoitary and otber so~ar
menp, ltvia cr ltens, now or hercafttr levird or imptued upaa or a~ainst the mcrrt~sgtd property, and to ez6~ibit to t6e Mortgagee btfore tueh
tsies, ssseamtatt, lirns snd encumbnnca bec~ao ddinqutnt the official reeeipts for paycnent thsreof, and if tbe sune or any part tbereof
be uot p:id bsfore beoorain~ deiinquent t6e Mort~Qee tnay at tpq dme pay tbe ssme v?ith uctued iatxreat and chuga, if aey, without wa3v-
ing or affectiaQ Mortgs~ee's option oo foroctme mortga~e, or any ri~ht hereuader, and every pspment so wade ~hall beir interat trorn tLe
date t6ersof at the rate o~ aQ6t per c+me pee ~an~ a~d all snc6 parrnena rrith interest aball be eecured bq the lien hereof.
4. That if a ooa~ey~nce ~bould bt made b7 t6e Mortgs~or of t6e premires berein destnibed or anp part theror~f, wiGbout the written
coosrnt of the Mort~agte and without sssumptioa of the obligaeioay emted hereunder, in rcgutar forta of !an by the grantee of the Mortgagor,
then Rnd in thu trmt and at t6e option of the Mortgagee and vrithout aotice to t6e MonQagor, ail :uma of maaey secured hereb' eLall im.
medistely snd cnocurreatl~ with ~uc6 rnnvtyancr berxune dnt aad pxpable aad in default whaher or not tbe ~ame art eo due aud p~rabla
wd !n drfauk b~ tbt ~pec~fi~ tecros hereaf. n~,
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