HomeMy WebLinkAbout1323 TOGETHER with all of the right, title and
interest of grantors in and to the St. Lucie
Mutual Water Company, a non-profit cooperative
association under the laws of the State of
Florida insofar as the same is applicable to
the real property herein described and conveyed;
also TOGETHER with all fixtures, chattels,
and articles of personal property placed upon
or attached to or used in connection with or
in the operation of such premises, or which ~
may hereafter be attached to or used in
connection with such premises, and all the
tenements, hereditaments and appurtenances
thereto belonging or in anywise appertaining.
SUBJECT TO the lien of a mortgage from KDI
Electro-Tec Corp. to The First National Bank
of Cincinnati, as Agent for ten banks including
itself, dated October 27, 1970, and recorded
in Book 189, Page 1441 of the Volusia County,
Florida mortgage records.
To have and to hold the same, together with the tenements,
hereditaments and appurtenances, unto the said mortgagee, and
its successors and assigns, in fee simple.
And the mortgagor hereby covenants with said mortgagee
that it is lawfully seized of said land in fee simple; that
it has good right and lawful authority to sell and convey
said land; that it hereby fully warrants the title to said
land and will defend the same against the lawful claims of
all persons whomsoever; and that said land is free of all
encumbrances except as noted above.
Provided always, that if said mortgagor, its successors
or assigns, shall pay unto said mortgagee, its successors and
assigns, all indebtedness represented by said notes payable
or if KDI Corporation shall pay unto said mortgagee all
indebtedness represented by said Certificates of Indebtedness
and sha21 perform, comply with, and abide by each and every
of the stipulations, agreements, conditions and covenants
set forth in said Certificates of Indebtedness, then this Deed
and the Estate hereby created shall cease and be null and void.
While this mortgage remains unreleased of record, it shall ;
also secure the payment of any additional notes payable given
by the mortgagor in exchange for loan advances from KDI CorFo-
ration, which notes payable are then pledged with the mortgagee
~i~~.