HomeMy WebLinkAbout0617/and ~aaies il. Coftey~ Joseph 8. Baz'aaaz atld Joe H. Eas>tian
provided (heroin called "said Sub-L~"): and (b) in the went, but only in the event, that Mortgages purchases
the Promissory Note (heroin calkld'``tiid `Note") rofel 9.t4 i~ the /lastgnment of Rents portion of sald Lease
(the face amount of said Nots ~ggregatirp = ~ ~0 . including print{pal and interost) N
Mortgagor~ahall pa~l;i~ .:: -. ~ ,~.~ ~'~ time and'in"th3 rtiaiinei~ ~rovidsd to said ~ •al('wms owing on
said Note; and•(c) N Mort ago 1 fully keep and perform sill of the covenants, agreements and obligatbns
on the part~ot iVlortgegor~io~t~A~tep~ and ¢erbmisd under'said SuD t.~se, ths~n this Mortgage to bs null and
void, and to be roleased at Mortgagors' expense. otherwise, to remain in full brce and effect. _ _• _ , .
in the event Mortgagee purchases said Note, then and thereupon. but effective as of the date hereof,
this Mortgage shall sscuro the payment of all sums owing or to bs owing on said Note, in additbn to sscurlrq
the payment of all wms to be paW under said Sub-Lease,.. n Doing agreed that this Mortgage shall not con-
stitute security for the payment of said Nots so bnp ss said~Note is held by the bank named lheroin as payee,
but shall seCUro the payment of saW Nots only in the event said Note is purchased by Mortgagee.
In case of default in any of the foregoing covenants and agreennents, or in case o/ default in the payment
by Mortgagors to Mortgagee of any wm the payment of which is secured hereby. Mortgagors hereby authorize
and empower Mortgagee. its succors and assigns. b forecbse this mortgage by judicial proceedings. or
to sell said premises at publb auction. and convey the same b the purchaser in fee simple, to accordance
with the statutes of the State in which the abresaid premises are situated, and out of the moneys arising from
such sale to retain all wms secured hereby, with interest and all legal costs and charges of such foreclosure
and the maximum attorneys' fees permitted by law, which mss. charges and fees Mortgagors agree b pay.
remitting the wrplus, ff any, b Mortg~ors.
No security now held. of in the future to be held, for the payment of any of the indebtedness hereby
secured shall be in any way affected. lessened or diminished by the execution of this instrument. All right,
titles, liana or equities held under and by virtue of this mortgage or by other instruments in law or in equity
shall be considered as cumulative and. not exclusive. Mortgagee shall have the right b proceed under any of
the rights held by it without affecting any other right, and election b proceed upon one right or reme~t;nl~N.;,,r•
not affect any other right or remedy. but Mortgagee shall have the right to exhaust all rights an~~ fign~di~~ t ~ .. '~ ; ,
jointly or separately, until all indebtedness owing hereunder has been fully paid. ° ~ ~''~ `~- ~'~' ~ ~' .
. ~.q - ~ w .. ~ ,' .
IN TESTIMONY WHEREOF. the said Mortgagors have hereunto set their hands and seals as; d t~irt_d~j-; ,,
and year first above written. '' ~ ~ - ~ =
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ESSES: BARNAH 0 CO. r INC. _ . ,`~~ ~ v,~ ~ ,.%~-
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(Sean
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ATl&ST: (~)
EO~aNO RECORDj:p°i
T. LUCIE COUNTY FLq,Y
RECORD VERtFt~p ~ (~)
181s4g , sew
~ AUG : 7 ~ 8:39 (sue)
ROGER ~pirRAS ~ _ .
CLERK CiRCU1T COURTC~WLED(3EMEN7)
s~ ~ l~osmA
court ~ x ~ -
INDIAN R1VE
I hereby certi!'y that oa this day befare aces as o~f'icer only autllarized is
the state aforesaid and in the cowaty ataaceasid to take aclQ:o~trled~entsa perscnat>,y
appeared JA~3 W. CIIFFBY. and JOf38PH 3. BAR1it1Hs to are kno~tm end krona to be the persona
a,escribed is and Mho e>,a~tted the fcecegoing inattruolsat as Preaideat and Sem~etaxys
respectivelya of the..ca_ orporaticn raised t~t-erein, and severally achaavledged betogre _ -
that they ezacuted the gaare ss atu•.h otYicers is the nape sad on behalf of aa~
- ~ ...
1all'$~SS head sad Of'l3.Cial seal. is tike county sad • state ~ l+a8t ~ ~'
l lth of ul A.D. ].969 f ~!'~`~ ., ~ , o .
Z.LIr- ~ ~-~W /ate
OtBty ~~4~--t`,• _ y .
.. H c ~ sad far '~s,~y ..• =ry- - . ; ~~.
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~ ooamtission eapiree: State of Florida at Large. : ~ j.. , ,~ ~ A ~ C. ~,,•~ -
--- _~
Rotary Ps6t'ir, State of Plaids at isrge
~ to~~ia, Expires ~ zo, i97f
BooK 179 ~ 616
RECORD AND RETURN TO:
JOHN H. SIITHERLAND
.~Tro~r e7 r.~w
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