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M4RTGAGE DEED A[JD SECURITY AGREE~lE:Tr
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THIS MQRTGAGE OEED, made and executed the ~ da;~
og ~ctober , 197? , by M. & W. LAW, I~C. , a
Tennessee corporation authorized to do business in the State ~
of Florida.
hereinafter called the Mortgagor, which te r.n shall include the t
heirs, legal representatives, successors and assigns of the said ~
Mortqagor wherever the context so requires or admits, to `
CI.ARENCE EDD+lONDS
hereinafter called the Moictgagee, which term shall include the =
;
heirs, legal representatives, successors and assigns~of the said
Mortc~agee wherever the context so requires or admits.
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° WITNESSETH: That for divers good and valuable I
considerations and also in consideration of the a gregate sum ;
~ . 9
~ named in the promissory notes hereinafter described, the said $
~ Mortgagor does hereby qrant, bargain, sell, alien, remise, _
~ Qo , release, convey and confixm unto the said Mortgagee, his heirs,
,v_, Z~~3 successors and assi gns, all the certain pieces, parcels or tracts
of land, of which said Mortgagor is now seized and ~sessed and in ~
actual possession, situate in the Count~of Mart n
A~
a n d`~~'
tate of ~ t
N~~y Flor ida, and that certain other collateral as more particularly ~
~~~oM\ described and enumerated in Exhibit "A" attached hereto, consisting
of __lQ___ pages and by reference made a part hereof.
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~.-'O'Q m
The parties by the execution and acceptance of this
instrument do hereby create and constitute the same to be a ~
, security agreement under the Uniform Commercial Code of the State #
of Flarida; and Mortgagor does hereby gra~t to Mortgagee
a security interest in those promissory notes payable to
the order of Mortgagor and listed on Exhibit B hereto, which
- promi.ssory notes are, contemporaneously herewith,_ being
~ endorsed by Mortgagor and delivered to Mortgagee. The maker i
~ of each of said promissory notes is hereby directed by Mortgagor =
~ and Mortgagee to make payment of all sums due in respect thereof ~
~ directly to Mortgagee until otherwise directed by I~+iortgaqee.
! ' TO HAVE AND TO AOLD the same, together with all and .
~ singular the tenements, hereditaments and appurtenances thereunto
belonging or in anywise appertaining and the reversion and
reversions, remainder and remainders, rents, issues and profits
thereof and also all the estate, right, title, interest, property,
possession, claim and demanc~ whatsoever as well in law as in
equity of the said Mortgagor in and to the same and every part
and parcel thereof unto the said Mortgagee, and his heirs, ~
successors and assigns, in fee simple, and all renewals, additions, i
substitutions, replacements or betterments thereto. ~ ~
.
And said Mortgagor, for itself, and its successors and
~ assig~s, hereby covenants with-~a~c~~Mortgagee, his heirs, legal
representatives, successors and assigns, that said Mortgagor is
~ N indefeasibly seized of said land in fee simple; that the said ~
~ z b~ Mortgagar has full power and lawful right to convey the same in
~ fee simple as aforesaid; that it ahall be lawful for said
t d c
o y< Mortgagee, his heirs, leqal representatives, successors and
` Q~ A~~°-~ assigns, at all times peaceably and quietly to enter upon, hold,
L~ Q~~ ~ occupy and enjoy said land and every part thereof; that said land '
;z v~? r is free from all incumbrances; that said Mortgagor, its successors -
Q ~ A p ~
~ ~ LL a and assigns, will make such further assurances to perfect the fee
~ a o y simple title to said land or the possession of tit~e to other
r~ n collateralfi~3~~id Mortgagee, his heirs, legal representatives,
~ ~ K 430 ~~~~1 0° /6 PaCi 51~ oa~'~t"
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