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FI,ORIDA MpAT(3A(3B
THI3 INDBNTURB~ made this day oi Decembec, 1878, by
HUTCHIN80N I3LAND LIMITBD PARTN , a Plorida Limited Partnership,
hereinafter called "Mortgagor", in favar af THB FIRST NATIONAL BANK OF
CHICACiO, a National Ban{dng Association, hereinafter aalled "Mortgagee";
WHBR8A8, Mortgagor is just~y indebted to Mortgagee in the prin~ipal sum
of TWBLVB MILLION DOLLAR3 (=12,000,000.00) plus interest, as evidenced by a
certain pcomisaocy note of even date herewtth, executed by Mortgagor and delivered to
Mortgagee, and by reference being made a part hereof to the same extent as though
set out in full herein, the finel payment of Mhich ia due not later than December 1,
1981, a~ as extended pursuant to the terms oi a Construction Loan and Pco~ect
Agreement between Mortgagor and Mortgagee oi even date herewith.
NOW THIS INDBNTURB W1TNffiSSTH: That ll~ortgagor, to secure the
p~yment of the principal sum set out in said promissory note, and interest thereon, and
in conslderation thereof, and for othec veluable considerations, has granted, bargained
and ~old and by these presents does gcant, bargain and sell to Mortgegee and to its
successors and assigns forever, all that certain paccel or piece of land lying and being -
in the County of St. Lucie, and 8tate of F1orlda, more pacticular described as:
3ee Exhibit A attached hereto and by express
refeeence herein made a part hereof.
TO(3ETH8~i with eny and all buildinga end other impcovements, and all
furniture, furnishings, fixtures and equipment (but excluding personel property owned
by tenants thereoi) now or hereefter located in and about. the abare described
premises, and all additions thereto and all renewals, replacements and ~ replenishments
thereof; and ineluding as a pact of the realty, heating and eir oonditioning units,
equipment, maehinery, ducts and conduits whether detachable or not, now or hereafter
Iocated in and about the above described premises, including all additions thereto and
all renewals, reQlacements and replenishments thereof; and
TOGETHEB with ell and singular the tenements, hereditaments and
appurtenances theceto belonging or in anywise thereunto appertaining, including any
reversionary interest in eny coads or streets, and the rents, issuss and pcofits thereof,
' and also all the esLate, cight, title, interest and all elaim and demand whatsoever, as
well in law as in equity, of Mortgagor in and to the same, including but not limited tos
';IIlil4;:~'v(n
' ~~pU~ ~(o (a) All rents, issues, pcofits, revenues, coyalties, ri~hts and beneftts
s Nm ~f~~ ~ derived from the premises from time to time, whether aceruing under
i ~,,3D ~n~ "i3D leese or tenancies now eaisting or hereafter created, reserving to
~ ~(Z ~ m~zm Moc gagor, however, so lor~ es Mortgagor is not in default.hereunder,
Z;-•~ ~~'D ~ the right to receive and retain the rents, issues and profits.
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(b) All judgments, awerds of damages and settlements hereaftec made
r~ . .
~ ~~-1 ,f-n resulting from condemnation proceedings or the taking _ of the
premis~.s or any part thereof under the power of eminent domain, or
~~'~~~r; m~: for any damage (~rhether caused by such taking or otherwise).to the
~ i~~j ~v ~3~ premises or the improvements thereon or any part thereof, oc to any
m iT~~ rights appurtenant thereto, including any award for ehange of grade
• of streets: Mortgagee is hereby authorized, on behalf and in the
~ . -O; -
° 7~ co ' name of ~Iortgagoc, to execute and deliver valid ecquittances for, and
r~~~~--~~ all suc~
ums an su art t~hereof so~ r ceiv' ed~ aiter~tl~e~ m m
n~t
of
Y P ~ P8Y
~~N t~- - all oi its expenses, including coets and attorneys' fees, on the
~ indebtedness secured hereby in such manner as it elects, or at its
' ~~-,6 option, the entire amount or any parcel thereof so received may be i
~ ~ ~ released. • , '
~
~ ~V °'C TO HAVE AND TO HOLD the above granted and described premises to
~ ~
; p~ ~ Mortgagee, its successors and assigns, forever, and Mortgagor does hereby iully
~ warrant the title to said land, and will defend the same against the lawful claims of all
~ ~p4 pecsons whomsoeyer; provided always that if Mortgagor shall pay to Mortgagee the
~ debt evidenced by that eertain promissory note above deseribed and shall perform all -
other covenants and conditions oi said promissory r~~,~~~~~r ~ea
e~v~, extension
~ KENNETH J. WEIt., E:SQ.
F.I~AT~S FLOYD PE~ i #
~ MPavmsn~aT.~as ~RSC» S~i ~:~rnRr .
~ RICH;~tAN b C;Ftf:LK '
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~~C~ C' IMSnsiWePs«M~~~~' Twcnty-f~if;l, F-~~~:,r
~ • 71. 134. A~ts Of 1
P~~Wnt To Chspt~ ~j~ One (3i,r:i; r,~: Tc~wcr ,
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~ ROGER POtTFi/18 ~ 13ITi1. f' ~<lf Ic"t i ~
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