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PURCHASE MONEY MORTGAGE AND SECURITY AGREEMENT
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THIS INDENTURE, made this 15th day of January, 1981, by
and between KIWI MOTEL INC., a Florida corporation,
Mortgagor, as hereinafter so designated, and AMGER CORPORATION,
a Florida corporation, Mortgagee, as hereinafter so designated:
WHEREAS, Mortgagor is justly indebted to Mortgagee in the
principal sum of ONE HUNDRED THOUSAND DOLIrARS ($100,000~.00) as
evidenced by a certain promissory note of even date herewith,
bearing interest at the rate of twelve (12$) per cent per annum
and payable pursuant to the.terms thereof, executed by Mortgagor
and delivered to Mortgagee in payment of a portion of the purchase
price of the hereiriafter described mortgage security, said pro-
missory note by reference being made a part hereof to the same
extent as though set out in full herein, a copy of said note being
attached hereto.
NOW, THIS INDENTURE WITNESSETH: That Mortgagor, to better
secure the payment of the principal sum set out in said promissory
note and interest thereon, and in consideration thereof and for
other valuable considerations, has granted, bargained and sold and
,by these presents does grant, bargain and sell to Mortgagee and to
the heirs and assigns of Mortgagee forever, all that certain parcel
or piece of land lying and being in St._Lucie Caunty, Florida, more
particularly described as follows: -
Lots 30 and 31, Block 16, REVISED MAP, FORT
PIERCE BEACH, a Subdivision according to the
Plat thereof, recorded in Plat Book 8, page 29
of the Public Records of St. Lucie County, Florida.
hereinafter referred to as the "premises" as to all or any portion
thereof .
TOGETHER WITH any and all furniture, furnishings, fixtures
and equipment now or hereafter located in and about the above des-
cribed premises and all additions thereto and all renewals, re-
placements, and replenishments thereof; and including as a part
of the realty, heating and air conditioning units, equipment,
machinery, ducts and conduits whether attachable or not, now or
hereafter located in and about the above described premises, in-
cluding all additions thereto and all renewals, replacements and
replenishmen~s thereof; and
TOGETHER WITH all and singular the tenements,
and appurtenances thereto belonging or in anywise
taining, and the rents, issues and profits thereo
estate, right, title, interest and all claims and
ever as well in law as in equity, of Mortgagor in
including but not limited to: ~
hereditaments
thereto per-
E, and also the
demands whatso-
and to the same,
(a) All rents, issues, profits, revenues, royalties, rights
and benefits derived from the premises from time to time accruing,
whether under leases or tenancies now existing or hereafter cre-
ated, reserving to Mortgagor, however, so long as Mortgagor is not
in default hereunder, the right to receive and retain the rents,
issues and profits. ~
(b) All judgments, awards of damages and settlements here-
after made resulting from condemnation proceedings or the taking
of the premises or any part thereof under the power of eminent
domain, or for any damage (whether caused by such taking or other-
wise) to the premises or the improvements thereon or any part
thereof, or to any rights appurtenant thereto; including any award
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