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TfUS 11tORTGAGE 1NDENTURE, ~xecuced this / J? day of December, A.D., l9 71, by
MIA~lI ~TES~ D~E ACRES, I~IC. and INTERSTATE HIGHWAY IN~IESTMENT CORPORATION,
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of~ the C'oun~y of`t~a`~e;`~ta~c
o`f`'~lon~a, hereinafter called the hiortgagor, which term as useci in every instance
shallinctude the Mortgagor's heirs,executors, administrators, successors, Iegal representatives and assigns, either
votuntary Ly act of the p3rtii:s ~r invoiuntary by operation af laK ar,d sha~! denote the singular and!or plural, _
and thc maccuhne and/or fem~nine and natural and/orartificial persons, whenever and wherever the context so t
• requires or admits, parties of the first part, and Miami National Bank, 8101 BiSC3}me Blvd. , Miami,
Fla. , a corporation existing under the laws of the United States of America, hereinafter called the Mortgagee,
whicl~ term as used in every instance shall include the Mortgagee's successors, legal representatives and assigns~ t
party of the second part. ~
«'ITNESSETH, 1'hat for di~~ers good and valuable considerations, and to secure the payment of the aggre- ~
gate sum of money named~in the promissory note of even date herewith, hereinafter mentioned, togethcr ~vith ~
interest th~reon and all Other sums of money secured hereby as hereinafter provided, thc \tortgagor does ~rant, ~
bargain. sell, alien, remise, release, com~ey and confirm the Atortgagee, in fee simple, the following described #
real estate, of which the Alortga~or is no~v seized and possessed, and in actual possession, to-Kit: ~
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The.lands described on Exhibit "A", attached hereto, owned by
Miami West Dade Acres, Inc. and located in Dade County, Florida,
and lands descri.bed on Exhibit "B", attached hereto, owned by
Interstate Highway Investment Corporation and located in ;
St. Lucie County, Florida. Each of the parcels described, ~
respectively, on Exhibit "A" and Exhibit "B" attached hereto .
represents one-half of the total value of the security hereunder.
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TOGETHER with all structures and impro~~ements no~v and hereafter on said land and the fixtures at-
tached thereto, also together ~vith all and singular the tenements, hereditamencs, easements and appurtenances
! thereunto belonging, or in an~ wise appcrtaining, and the rents, issues, and profits thcreof. and also a!1 the
; estate, right, title. interest and all claims and demands whatsoever, as ~vell in law as in equity, of said A1ort-
o gagor in and to the same, and every part and parcel thereof, and also all gas and electric fixtures, radiators, heat-
; ers, air conditioning equipment, machinen•. boilers, ranges, elevators and motors, bath tubs, sinks. ~~ater closets.
; water basins, pipes, taucets, and other plumbing and heatinfi fiatures, mantels. refrigerating plants and ice ~
boxes, windo~ti• screens. screen doors, venetian blinds. storm shutters and a~vnings, ovens, dish washers, fences, ~
s~vimming pool equipment, ~vater pumps, filters, sprinkler s~stem equipment. screen enclosures, and any and
~ all other fixtures or equipment which are now or may hereafter pertain to or bc used ~vith, in or on said prem-
~ ises, even though they be detached or detachable. which shall be deemed to be fixtures and accessions to the
; freehold and a part of the mortgaged property: together with all and entire the ~lortgagor's interest in and to
G any and all furniture. furnishings and cquipment upon the murtgaged premises at the time of any default ~
~ under this mortgage. 3
~ TO HAVE AND TO HOLD the above described property unto the hlortgagee, its successors and assigns
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~ forever. '
; The l~fortgagor hereby covenants ~vith the l~tortgagee that the ~1lortgagc,r is indefeasibly seized ~vith the
~ absolutr and fee simple title to said property, and has full power and lawful authority to sell, convey, transfer
* and mortgage thc same: that it shall be la~vful at any time hercafter for the A4ortgagee to pcaceably and quietly ~
~ enter upon, have. hoid, and enjoy said propcrty, and every part thereof: that said property is free and discharged ~
;i Erom ail liens. encumbrances. and claims of any kind, induding taxes and assessrr~ents; and that the Atortgagor ~
hereb~ full~ ~~•arrants unto thc \tortgagec thc titlr to said property and ~vill defend thc same against thc law[ul ~
claims and demanas of all persons whomtioever. '
N01~', 1'FIEREFORE, the condition of this mortgage is such that if the Atortgagor shall ~vell and truly
- pay unto thc ~tort~agee. the indebtcdness evidenced by that certain promissory note, of even date here~vith
- madc b~• chc ~ioregagor and payable co che ;~iorcgagee, and any renewals thereof, in the principal
~ sum of FIVE HUNDRED THOUSP4ND and no/100 ~LLARS (S500, 000 . 00
- to~;ether ~.•ith ~nteres. as therein stated, and shail perform, comply with and abide by each and every the supu-
lations. a~;recmcnts, cunditions and co~~enants contained and set forth in this mort6age and the promi~sory note
_ serun•d I~emby. then this murtgage and the eseate hereby created shall cease and be null and void. _
A1\'b thc ~tort~a~or docs hcrcby covenant and agrec: . ;
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