HomeMy WebLinkAbout0153 R~aiwd t ~-s~O in PaynNnt Of T~II.~ 01-23077918/Pt. St. Lucie Lanes
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MORTGAGE and SECURITY AGREEMENT
THIS MORTGAGE, executed this day of SS mm ,
1980 by PORT ST. LUCIE LANES, INC., a Florida corpor-ation~-
and WILLIAM E. GOULD CONSTRUCTION, INC., a Florida corporation,
hereinafter called the mortgagor, which term as used in every
instance shall include the mortgagor's successors, legal
representatives and assigns, either voluntary by act of the
mortgagor or involuntary by operation of law, and shall denote
the singular and/or plural, and the masculine and/or feminine,
and_ natural and/or artificial persons, whenever and wherever
the context so .requires or admits, party of the first part;
and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE,
a corporation organized and existing under the laws of the
United States of America, whose address is 100 South Second
Street, (P. O. Box 249), Fort Pierce, FL 33450, herein called
the mortgagee,. which term as used in every instance shall
include the mortgagee's successors, legal representatives
and assigns, party of the second part.
W I T N~E S SET H
That for divers good and valuable consideration, anfl '
in consideration of the aggregate sum of money named in the
promissory note of even date herewith, hereinafter described,
the mortgagor does grant, bargain, sell, alien, remise, release,
convey and confirm unto the mortgagee, in fee simple, the
following described real estate, of which the mortgagor is
now seized and possessed and in actual possession, situate
in the County of St. Lucie, State of Florida, to wit:
That part of Lot 2, Block 3 of MODEL LAND COMPANY
SUBDIVISION, as per Plat Book 1, page 41, public records
of St. Lucie County, Florida, lying West of the West
right of way line of State Road No. 5 (U.S. Highway
No. 1), LESS AND EXCEPT the North 100 feet .thereof.
THIS IS A FIRST MORTGAGE as to all-the above described real
.1. property EXCEPT that part described as being the East 300
_ feet of the South 200 feet of the North 300 feet of said
, ~ Lot 2 and the East 300 feet of the North 189 feet of the _
-
- South 199 -feet--of -said-I,of 2 , on which excepted property
~ Citizens Federal Savings and. Loan Association of"St. Lucie
~ _ _ County holds a first prior mortgage executed by William E.
Gould Constructioon, Inc., dated January 23, 1978, recorded
" in O.R. Book 280, page 2901 with-there being two corrections
filed thereto in O.R:-Book 281, page 757 and O.R. Book 282,
page 530, and any default in the terms of such prior mortgage
shall automatically constitute a default hereunder.
This mortgage shall further encumber certain fixtures and
personal property relating to the operation of bowling alleys,
as to which this instrument shall constitute a security agree-
ment; such fixtures.anii personal property being more particu-
larly identified and described in certain financing statements
executed in favor of AMF, Incorporated, Jericho Turnpike,
Westbury, NY, of record in O.R. Book 315, at pages 1666,
1669, 1671 and 1673.
TO HAVE AND TO HOLD the same, together with all and
singular the tenements, hereditaments and appurtenances thereof,
including all fixtures and articles of personal property
now or at anyatime hereafter attached to or used in any way
~ in connection with the use, operation and occupation of the
above described real estate, and any and all buildings and
improvements now or hereafter erected thereon; such fixtures
III
- FEE. KOBL.EGARD & TEEL. P. A.
. 1 ~ 4. t `
,"y U ~ • } ATTORN[Y8 AT LAW
POiT OFFICE oOX 1000 1Jw
- ~ ~ FORT PI[RC[. FLORIDA >t3450 B~ P~~[ ~5~j/
T[L[rMON[s ts051 4s1-5020 ~ I S
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