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MOR1Y'~AGB l1tZD 8BCORITY A~GRSg!lBNT
THIS MORTGA~GE, made this ~o day of Q t- , 1984,
between ERSKINE FLORIDA PROPERTIES, INC. , a orida corporation,
hereinafter called the "Mortgagor," and FIRST FIDELITY SAVINGS ;
AND LOAN ASSOCIATION, hereinafter called the "Mortgagee;"
W I T N E S S E T H:
Tha t in cons idera tion of the premises and to secure the per-
.f,~mance and observance of all the covenants and condi tions in ~
the indebtedness in the principal sum of Z~10 MILLION EIGHT o
HUNDRED FIE'TY THOUSAND AND NO/100THS DOLLARS ($2.850,000.00) as ,,y i
evidenced by a certain Promissory Note in the principal amount of 1, ;
52,850,000.00, together with interest thereon, executed by Mor~- ~
gagor and del ivered to Mbr t,gagee, ( the "Note" and to secure the `
performance and observance of all cov~nants and conditions in `
this Mortgage and in all other instruments securing the Note and ~
in order to charge the properties, interests and rights herein-
after described with such payment and performance and to secure ;
additional advances, renewals, and extensions thereof and for and `
in cons ideration of the swn of TEN AND NO/100 DOLLARS ($10.00) ,
Mortyagor does h~reby mortgage, sell, pledge and assign to Mort-
gagee:
THB !!pR'rGAGBD PROPBRTY .
A. The Iaeal Property. All of the land in the County of
St. Lucie described as follows:
See a ttac hed Ex hibi t"A" - whic h is incorpora ted
herein and made a part hereof by reference -
to have and to hold the same toge ther wi th al l the improvemen ts
now or hereafter erected on such property and all fixtures now or
hereafter attached thereto together with each and every tene-
ments, heredi taments, easements, rights, powers, privileges, ame-
i nities and appurtenances thereunto belonging or in any way apper-
; taining and the reversion and reversions, remainder and remain- ~
i ders, and also all the estate, right, title, interest, homestead.
` right of dower, separate estate, property, possession and claim
~ whatsoever in law as well as in equity of Mortgagor of, in and to
~ the same in every part and parcel thereof unto Mortgagee in fee
s impl e .
B. Fistures and Personal Property. Toyether with a secu-
rity interest in a personal property and fixtures affixed to or
~ located on the property described in paragraph A, including all
~ contract riyhts, yeneral ~ntanyibles, actions and rights in ac-
tion, incl uding al l r ig hts to insurance proceeds as all the same
may rela te to any of the proper ty descr ibed as the Mor tgaged Pro-
perty herein, and all proceeds, products, replacements, addi-
~ tions, substitutions, renewals and accessions of any of the
R foreyoiny.
C. Aasi ~ent of l~ents and Leases. Together with all
~ ~ rents, issues, pro ts, revenue, ncome and other benefits from _
~ the property described in paragraph A to be appl ied to the in- .
~ J debtedness secured hereby; provided however, that permission is
~ U~ ~ hereby given to Mortgayor, so long as no defaul t has occurred ~
Q W hereunder, to collect, receive and use such benefit from the pro-
~ perty as they become due and payable, but not in advance thereof;
~ i~$ t o g ether with all ri ght, title and interest of Mortgagor in and
~ ~ W o~ to any and all leases now or hereafter on or affecting the pro-
~ o~ a~ perty described herein as the Mortgaged Property. .The foreyoing
~ ~ ~
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w ~ ot T~~s
~ ~ ~ ~ 0~ In PaY~^e^t
~~~~a~ Prore~ty.
~ `t~c Recelved ~n;an:,~b~e P Ac~s ~t 1971~
~ ~Ue On C'To ChaP'.er 71, 134• .
pursuant ROGFR P01[RAS Q~ p
~0~, Fla. B(lOK ~O PAGE
Clerk Clrc~t Court. S4 ~~ie~
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