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MORTGAGE ~
THIS MORTGAGE DEED, executed this day of March , A.D.,
1979, by SEMINOLE SPRINGS, INC. (Mortgagor , to PENNAMCO, INC. (Mortgagee).
WITNESSETH, That for good and valuable consideration, and also in
consideration of the aggregate sum of money named in the promissory note
of even date herewith, hereinaf ter described, to secure the payment of
said aggregate sum of money together with interest thereon and all other
sums of money secured as hereinaf ter provided, Mortgagor does hereby
grant, bargain, sell, alien, remise, convey and confirm unto Mortgagee,
in fee simple, all the certain real estate, of which Mortgagor is now
seized and possessed, and in actual possession, situate in St. Lucie
County, State of Florida, said land being described in Schedule "A"
attached hereto and made a part hereof.
TOGETHER with all right, title and interest of Mortgagor, including
any after-acquired title or reversion, in and to the beds of the ways,
streets, avenues, roads, alleys and public places, open or proposed, in
front of, running through and adjoining said premises; and
TOGETHER with all and singular the tenements, hereditaments, ease-
ments, rights of way, appurtenances, passages, waters, water rights,
water courses, riparian rights, other rights, liberties and privileges
thereof or in any way now or hereafter appertaining, including any home-
stead or other claim at law or in equity,. as well as any after-acquired
title, franchise or license and reversion(s) and remainder(s) thereof;
and
TOGETHER with all buildings and improvements of every kind and
description now or hereaf ter erected or placed thereon, and all materials
intended for construction, alterations and repairs of such improvements
now or hereaf ter erected thereon, all of which materials shall be
deemed to be included within the premises hereby conveyed immediately
upon the delivery thereof to the said premises, and also, to the extent
of the interest therein of Mortgagor, all fixtures and articles of per-
sonal property now or at any time hereafter attached to or used in any -
way in connection with the use, operation or occupancy of the above-
' described premises and any and all buildings thereon or to be erected
thereon, including, but without being limited to, all fixtures and
chattels, including but not limited to all signs, plumbing, heating and
lighting apparatus, mantels; floor coverings, furniture, furnishings,
draperies, screens, storm windows and doors, awnings, shrubbery, plants,
boilers, tanks, machinery, stoves, gas and electric ranges, wall cabi-
' nets, appliances, furnaces, dynamos, motors, elevators and elevator
~ machinery, radiators, blinds and all laundry, refrigerating, gas, electric,
ventilating, air-refrigerating, air-conditioning, incinerating and
sprinkling and other fire prevention or extinguishing equipment of what-
soever kind and nature (and in case such fixtures and articles are
subject to the lien of a conditional sales contract, chattel mortgage
or other security interest, including any deposits or payments hereto-
fore or hereafter made with respect thereto), all of which fixtures and .
articles of personal property are hereby declared and, to the extent
permitted by law, shall be deemed to be fixture$ and accessory to the
freehold and a part of the realty as between the parties hereto and
shall be deemed to be a portion of the security for the indebtedness
herein mentioned and to be subject to this instrument; provided
Mortgagor, while not in default in the performance of the terms, cove-
! nants and conditions hereof, or of the note secured hereby, shall have ~i
full right, from time to time, at its discretion, without reference to
or any specific consent from the Mortgagee, to dispose of,.free from
the lien or security interest hereof, any of such machinery, generators,
furnishings, fixtures and equipment contained in or used in connection
with the premises covered hereby, which at any time shall have been
replaced by new property free and clear of liens or security interests, ;
of the same general kind or description, and at least equal in value to
the property removed, which shall forthwith become subject to the lien
hereof or provided that the entire proceeds of sale of such property
disposed of is paid to Mortgagee for application on the balance due on the
said note secured hereby.
G.,+ ' Gass "C' Intangible Per_.: • al Prc?~gny,
`3~G~ W~ Pur;,uant to ChaptK 71. 134, Aces Ot 1971.
ROGER POtiRAS ~
J+{C
Ci~rfc Circuit Coat. Sf. l~~d~, Ca. R~.
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