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MORTGAGE DEED AND SECURITY AGRL~~~NT
THIS MORTGAGE DEED (the Moetgage), dated as of September 10 1979 , by and between
JAOOB9~1-IAA, Inc. , a F]~orida co~poratian
(hereinafter called Mortgagor) and SIZI HAI~IlC ST. IZICIS ~1.'Y .having an
office at 111 Orange Avenue, Fb]ct Pierve .Florida (hereinafter called Mortgagee);
WITNS$SETH, that in rnnsideration of the premises and in order to secure the payment of both the principal ot, gad
interest and strap other sums payable on the note (ae hereinafter defined) or thin Mortgage and tbs performance and ob-
servance of all of the provisions hereof and of said note. Mortgagor hereby tpanta, eeW, warrants. aliens, remises, releases,
conveys„ aesigrr, trar~ters, mortgagee and eels over and confirms unto Mortgagee, all of Mortgagor's estate. right, title and
interest in, to and under aU that certain real property situate in S - Iarj~_ County. Florida more particularly
described a• toUows: - - - -
The North 100 feet of the South 240 feet of the East
312.5-feet of Lot 1, Yndustrial Subdivision, as per
plat thereof recorded in Plat Book 9, Page 5, Public
.Records of St. Lucie County, Florida.
S TATS tafi F L O R I D ,a; ~ ~ RE~nrEO s~~8.ao ryl PAYYEIR pF TAXE ,
°z w DOCUMENTARY~~STAMP TAXj DUEOtICIASS'C'tpTAlt6~glEPERSO>Ul S
~ ~ i7D APT. OF REVEIWIE r`--'~ ~
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.d = SE~lif79 TER 7f-i„g, ACTS ~ 71.
b _ _ E - ~ • ~ ~ 0. ~ V t CLERK ROCFA
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TOGETHER WITH all improvements now or hereafter located on said real property and all fixtures, appliances,
apparatus, equipment, heating and air rnnditioning equipment, machinery and articles of personal property and replacement
thereof (other than those owned by leasces of said real property) now or hereafter atfized to, attached to, placed upon, or
used in any way in rnnnection with the complete and comfortable use. occupancy, or operation of said real property, aU
licenses and permits used or required in connection with the use of said real property, all leases of said real property now or
herea[ter entered into and all right. title and interest of .Mortgagor thereunder, including without limitation, cash or securi-
ties deposited Wereunder pursuant to said leases, and all rents, issues, pra~ecds, and profits accruing from said real property
and together with all proceeds of the rnnversion, voluntary or involuntary of any of the foregoing into cash or liquidated
claims. including without limitation, proceeds of insurance and condemnation awards (the foregoing said real property,
tangible and intangible personal property-hereinafter referred to as the Mortgaged Property). Mortgagor hereby grants
to Mortgagee a security interest in the foregoing described tangible and intangible personal property.
TO HAVE AND TO HOLD the I?tortgaged Property, together with all and singular the~tenementa, hereditaments and
appurtenances thereunto belonging or in anywise appertaining and the reversion and reversions thereof and all the estate,
right, title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand whatsoever, as
well in law as in equity, of Mortgagor and unto the same, and every part thereof, with the appurtenances of Mortgagor in
and to the same, and every part and parcel thereof unto Mortgagee.
t':
Mortgagor warrants that it has a-good and marketable title to an indefeasible fee estate in the Mortgaged Property
subject to no lien, charge or encumbrance except such as Mortgagee has agreed to accept in writing and Mortgagor covenants
that this Mortgage is and will remain a valid and enforceable first mortgage on the Mortgaged Property subject only to the
ezceptions herein provided. Mortgagor has full power and lawful authority to mortgage the Mortgaged Property in the
manner and form herein done or intended hereafter to be done. Mortgagor will preserve such title and will forever warrant
and defend the same to Mortgagee and will forever warrant and defend the validity and priority of the lien- hereof against
the claims of all persons and parties whomsoever.
Mortgagor will, at the cost of Mortgagor, and without expense to Mortgagee, do, execute, acknowledge and deliver a!1
and every each further acts, deeds, conveyances, mortgagee, assignments, notices of assignment, transfers and assurances as
Mortgagee shall from time to time require in order to preserve the priority of the lien of this Mortgage or to facilitate the
performance of the terms hereof.
PROVIDED. HOWEVER, that if Mortgagor shall pay to Mortgagee the indebtedness in the principal gum of
E 44,000_00 as evidenced by that certain promissory note (the Note), of even date herewith, executed by
Mortgagor and payable to order of Mortgagee, with interest and upon the terms as provided therein, and together with all
other sums advanced by Mortgagee to or on behalf of Mortgagor pun;uant to the Note or this Mortgage, the final maturity
date of the Note and this Mortgage being .s~Glidry~a 1990 ,and shall perform all other covenants and
conditions of the Note, all of the terms of which Note are incorporated herein by reterence.as though get forth fully here-
in, and of any renewal, extension or modification, thereof and of this Mortgage, then this Mortgage and the estate hereby
created shall cease and terminate.
11~ortgagor further coveenants and agrees with Mortgagee as follows:
1. To pay all sums, including interest secured hereby when due, as provided for in the Note and any renewal, extension
K B ' L ;?„1~ i.^. lnurf,~l Ynn~ay of thn ilnited States Ot America i
or modification thereof and in ibis iviori a c, nil 9ii~u 6ii.Y~S av uc
at Mortgagee's aforesaid principal office, or at such other place as Mortgagee may designate in writing.
2. To pay when due, and without. requiring any notice from Mortgagee, all taxes, assessments of any type or nature
and other charges levied or assessed against the Mortgaged Property or this Mortgage and produce receipts therefor -upon
demand. To immediately pay and discharge any claim, lien or encumbrance against the Mortgaged Property which may be
or become superior to this Mortgage and to permit no default or delinquency on any other lien, encumbrance or charge
against the Mortgaged Property.
3. I[ required by Mortgagee, to also make monthly deposits with Mortgagee, in anon-interest bearing account, to-
getherwith and in addition to interest and principal, of a sum equal to one-twelfth of the yearly taxes and aaseasmenta which
may be levied against the Mortgaged Property, and (if so required) one-twelfth of the yearly premiums [or insurance
thereon. The amount of such fazes, aaseseznenta and premiums, when ualcnown, shall be estimated by Mortgagee. Such
deposits shall be used by Mortgagee to pay such taxes, assessments grid premiums when due. Any insufficiency of such
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