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7 1 A ~ G!J_' ON CL : 'C' IYTAlt6:8lE PERSONAL PRO?EdTY~
D ~b iU&SU~JIT TO ~Mxi'Ti~i 71.131, ACTit OF NIL.
RaGER PORRAS
7' . CtElq~ CIRGIIR COYRT. SL IYC~ CO. p~•1~
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MORTGAGE DEED AND SECURITY AGREEMENT
THIS MORTGAGE DEED (the Mortgage), dated as of February ~~h
1980, by and between NANCY J. NICHOLS (hereinafter called
Mortgagor) and CHARLES F. FAWSETT. JR., as the owner of an _
undivided fifty (508) percent interest; CHARLES R. FAWSETT, as
the owner of an undivided twenty-five (258) percent interest, -
and JEFFREY C. FAWSETT, as the owner of an undivided twenty-five
(258) percent interest (hereinafter called Mortgagee).
WITNESSETH, that in consideration of the premises and
in order to secure the payment. of both the principal of, an~
interest and any other sums payable on the note (as hereinafter
defined) or this Mortgage and the performance and observance
of all of the provisions hereof and of said note, Mortgagor
hereby grants, sells, warrants, aliens, remises, releases,
conveys, assigns, transfers, mortgages and sets over and
confirms unto Mortgagee, all of Mortgagor's estate, right,
title and interest in, to and under all that certain real
property situate in ST LUCIE County, Florida, more particularly
described as follows: -
The Northeast Quarter (NE 1/4) of Section 16,
Township 34 South, Range 39 East, less rights-
. of-way for public roads and drainage .canals
and subject to reservations of record in
favor of the Board of Education of State of
Florida.
.Including all buildings located on the subject - -
- real .property, two (2) stationary pumps, one (1)
stationary engine, and one (1) portable pump.
_ TOGETHER WITH all improvements now or hereafter located
on said real property and-all fixtures, appliances, apparatus,
equipment, heating and air-conditioning equipment, machinery, - _
and articles of personal property and replacement thereof '
(other than those owned by lessees of said real property)
now or hereafter affixed to, attached to, placed upon, or
used in any way in connection with the complete and comfortable
use, occupancy, or operation of the said real property, all
i licenses and permits used or required in connection with the ~ ,
use of said real property, all leases of said real property i 2 2 4 ?
now or hereafter entered into and all right, title and
interest of Mortgagor thereunder, including without limitation, _
cash or securities deposited thereunder pursuant to said -
leases, and all rents, issues; proceeds, and profits accruing ~i~:T.~;~.
" r
from said real ro ert and to ether with all Tm-~
P P y g proceeds of
~ the conversion, voluntary or involuntary of any of the y l
foregoing into cash or liquidated claims, including without
limitation; proceeds of insurance and condemnation awards- ~ `i
(the foregoing said real property, tangible and intangible ~ -'~,a.
personal property hereinafter referred to as the Mortgaged ~ ~
Property). Mortgagor hereby grants to Mortgagee a security l
interest in_the foregoing described tangible and intangible
_
personal property. _
- N ~ F ~J
€ TO HAVE AND TO HOLD the Mortgaged Property, together o V-,
with all and singular the tenements, 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
t in and to the same, and every part and parcel thereof unto
~ Mortgagee. -
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