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MORTGAGE 4~~'0
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Thi. awetaap dada sad ..tared into this ~ ~ ~ d.y a[ /x}/02! L
19 80, by and between KINGRL~t, INC.
(hereinafter referred to as mortgagor) and the Administrator of the Small Bnsiaess Adasioistratioa, as agency of the
Government of the United States of America (hereinaftee referred to as tnottgagee). who auintaias an oioe and
Ply ~ at 2222 ~tce de Leon Boulevard, Ooral Gables, Florida 33134
~tt~tssstra, that for the oassideiration 6ersiaatter Gated, receipt of whil6 is bersby aekaowledgsd, the
aortgagor does hereby atoetgage, sell, Rraat, aasigo~ sad convey Hato the mortgag~se, his wooersors and assigns, aU
of the tolbwing desedbed property sitwted sad being is tlis County of gt. Lucie
State of Florida.
- Lot 7, 8 and 9 of Block 3, of 3P JAMES PARK, as per plat
thereof on file in Plat Book 5, at Page 58 of the Public
Accords of St. Lucie Ootnty, Florida.
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- IttCEfYEO i E,eM~t IN PAritE11T OF TARE=
DUE ON CLASS 'C' dITAM6:BLE PERSONAL PROPERTY,
PURSUANT TO CHAPTER 71-134. ACTS OF 1l7L
ROPER POR1UlS
s CLERK CIRCIRT COURT, iT. LUCE ~ g pt'
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i It is hereby agreed between the parties hereto that if the Mortgagor, sub-
j Sequent to the date of this mortgage, oonveys,•eontracts, or attempts to sell
the above-described mortgaged property in any manner whatsoever, while said
property is mortgaged tD the Mot:•tgagee and without the written consent of the
I Nbrtgagee then, and in such event, the whole sum of principal and interest of
the debt secured by-this mortgage shall, at the option of the Mortgagee,
' become immediately due and payable and this mortgage may be foreclosed at once
if said debt is not paid in full.
Together with and including all buildings, all fixtures including but not limited to alt plumbing, heating, light-
ing, ventilating, refrigerating, incinerating, air conditioning apparatus, and elevators (the mortgagor hereby
declaring that it is intended that the items herein enumerated shall be deemed to have been permanently in-
stalled as part of the realty), and.all improvements now or herea[ter existing thereon; the hereditaments and
appurtenances and all other•righis thereunto belonging, or in anywise appertaining, and the reversion sad re-
versions, remainder and remainders, all rights of redemption, and the rents, issues, and profits of the above
described property (provided, hoMever, that the mortgagor shall be entitled to the possession of said property
and to collect and retain the rents, issues, and profits until default hereunder). To have and to hold the same
unto the mortgagee and the successors in interest of the mortgagee forever in fee simple or such other estate,
if any, as is stated herein.
The mortgagor coveaaats that be is lawfully seiied sad possessed of and has the right to sell sad convey said
property; that the same is free from all encumbrances except as heniuabove recited; and that he hereby binds
himself sad his successors in interest.to warrant and defend the title aforesaid thereto and every part thereof against
the claims of all persons whomsoever.
This instrument is given to secure the payment of a promissory note dated Ala~t ~ 19 b0
in the- principal sum of i 8,500.00 ,signed by KINGREY, INC. `
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ssw i..~ sss ~a-is~ r..a.« ra,u.«... o?..i«..
.R4iIS II3SI~lFIJP V~Il4S PREPARED iy+IDER
241E SUPERVISIQO OF JAMES A,. I~tAKE
1??, ~]7(I DISTRICT CD<INSEL, 3rIALL 13USINFSS
EUOK FdGE AClfINISTRATIQ~I, MIAMI, FIARIDA.