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HomeMy WebLinkAbout1932p=mtt:a s O 350.00 iN ~AYfitENT 0/ TAX[ ' L;3: C4 Cl=:= 'C' @!Tk.~G 3LE P~i.t~~al P.QOPEATY, Flfb3J..tli TO I.H:.°Tf: )1-~~~. ACTS Oi 1~]L RUG:A PdiiRAS CLERK C4tGipT CGfRT, iT. LYi~ ~ R~. g~' 4h is instrument prepared by: Robert M. Lewis, Fsq. Lewis, Vegosen & Rosenbach, P. A. P. O. Box 2437 Palm Beach, Florida 33480 FIDRIIIA NldrTITII,Y INSTALII~TP MORTGAGE THIS INDENIZIRE, Made this 8 ~ day of ~ +~w~, 1980, by and between GE{~IERAL DEVE[APMENP OatPORATION, a ~ aware corporation, hereinafter called the Mortgagor, whose principal place of business is 1111 South Bayshore Drive, Miami, Florida 33131, and AMERICAN SAVIl~IGS AND I1lAN AS.90CIATION OF FIARITaA, a Florida corporation, hereinafter called the Nbrtgagee, whose .principal place of business is 1655 Washington Avenue, Miami Beach, Florida 33139 W I T N E S S E T H: That the Mortgagor is justly indebted to the said Mortgagee in the principal sum of FIVE MILLION ONE HtA~IDRID SENFNI'Y FIVE ~10[ISAI~ID AND NO/100 DOLLARS ($5,175,000:00) as evidenced by a certain Promis- sory Note of even date herewith executed by GAL DEVELiOPMEIJP OQ~- PORATION, and payable to the order of the Mortgagee, with interest and upon terms as provided therein. Said Note provides that all install- ments of principal and interest are payable in lawful Haney of the United States of America, at the principal office of the Nbrtgagee in Miami, Florida or at such other place as the holder may from time to time designate in writing. Said Note further provides that if any installment of principal and/or interest shall rot be paid when due, then the entire principal sun and accrued interest shall become due and payable at once, at the option of the holder thereof. NOW, THEREI'ORE, for diverse good and valuable considera- tions, and also in consideration of the aggregate sum Warned in the Pranissory Note of even date herewith, herein described, the said Mortgagor by these presents does grant, bargain, sell and convey unto the l-brtgagee, its successors and assigns in fee simple all that cer- tain tract of land of which the said Mbrtgagor is now seized and po.~ sessed, situated in St. Lucie Q~roty, Florida and more particularly described as follows, to~wit: See legal description attached hereto, marked "Exhibit A" and made a part hereof; TOGEPf~R WITH all buildings, thereon or hereinafter attached to or premises; TOC~'I4~2 WITH all structures hereafter on said land, appurtenances, privileges, prescriptions, accretions and belong to or pertain m the land; and S1.(~002 RECORD ANp RETURN TQ1 IRVING SHIMOFF, ESQ, BROAD AND CASSEL 1108 KANE CONCOURSE BAY HARBOR ISLANp~ ~• _ 931 improvements and fixtures placed upon said lands and and improvements now and servitudes, rights, ways, advantages which in any way TOGE'I4~t WITH all rents, issues, proceeds and profits accruing to and from said premises; and TOGEI4iER WITH all fixtures and accessions, equipment, and personal property contained in or appurtenant to the premises, or which may hereafter from time to time be placed therein and any substitutions or replacements thereof; and TOGEI4IER WITH all right, title and interest of the Mortgagor, if any, now awned or hereafter acquired, in and do any land lying in the bed of any street, road, or avenue, open or proposed, in front of or adjoining said premises; and -1- 8~K3~4 p~~Ei93Z LEWES. VEGOSEN ANO ROSENBACH, P. A., ATTpRNEYS AT LAW .. _-.. ~3' ~'~a.So ~~.