HomeMy WebLinkAbout0969 . 2327~333 ~
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MORTGAGE AND SECURITY AGREEMENT ~
THIS MORTGAGE DEED, mede and executed this 30th day of June ,
A.D., 19$7, by HARBOUR RIDGE, LTD., a Florida Limited Partnership, hereinafter ~
called "Mortgagor", in favor of HARBOR FEDBRAL SAVINGS AND LOAN ASSOCIATION, a
corporation organized and exiating u~nder the laws of the United States of `
America, whose address is 1Q0 South Second Street, Fort Pierce, Florida
334S0, hereinafter Falled "Mortgagee". '
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WITNESSETH, that: ~
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This mortgage is given to secure a just debt to the Mortgagee, as evi- ~
denced by a certain Promissory Note of even date herewith made by the Mortga- ~
gor and payable to the Mortgagee in the principal sum of i
4NE MILLION EIGHT HUNDRED TWENTY FOUR THOUSAND AND NO 100 DOLLAR5
1.824,OOQ.00 together with '
interest, payabZe as stated therein, with che balance of the indebtedness, if ~
not sooner paid, due and payable on June 29. 1988 , and '
provides, among other things, for acceleration of principal in the event of ~l ~
default, and for the payir~ent by Mort~agor of attorney's fees and costs of ~ ~
collection,the provisions of said Note to which reference is herein made being
by reference made a part of this Mortgage as though the same were fully set 1 ~
forth herein. ~
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NOW THIS MORTGAGE DEID, WITNESSETH, THAT for good and valuable consider- 3
ations and also in consideration of the aggregate sum named in the Promissory ~
Note of even date herewith, hereinabove described, the Mortgagor hereby i
grants, bargains, se12s, aliens, remises, conveys, and confirms unto the
Mortgagee all the certafn land af which the Mortgagor is now seized and in ;
possession, situate St. Lucie County, Florida, more particularly described as
follows: E
;
SEE EXHIBIT "A" ATTACHED HERETO ROR LEGAL BESCRIPTION
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TOGETHER WITH ALL AND SINGULAR THE TENEMENTS, HEREDITAMENTS, AND APPURTE- ~
NANCES and all structures, buildings, and improvements of every kind and ~
des~ription now or hereafter on said land, and all ffxtures attached thereto, ~
including but not limited to, alI gas, steam, electric, water, heating, cook- ;
ing, refrigerating, lighting, plumbing and ventilating systems, machines, ;
appliances, air conditioning equipment, stoves, ranges, elevators and motors,
bathtubs, sinks and other plumbing fixtures, furniture, shades, ac+mings, ~
screens, blinds, and other furnishings; and TOGETHER WITH all rents, issues,
proceeds and profits accruing and to accrue from said premises, alI of which i
are included within the foregoing description~and the habendum thereof; and (
all articles of personal progerty now or hereafter attached to. or used in and ~
about ehe building or buildings now erected or hereafter erected on said real ~
property, and all renewals or replacements thereof or articles in substitution ~
thereof, upon all of which said personal property, appliances, equipment and 4
fixtures, the Mortgage~ shall have a security interest; and FURTHER TOGETHER '
WITH all surveys, architectural studies, plans and specifications, all engi- ~
neering studies, plans and specifications, and a11 other materials of a
professional nature now owned and possessed by Mortgagor or subsequently
acquired by Mortgagor for the development of the herein described real proper-
cy.
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AND the Mortgagor does hereby covenant with the Mortgagee that it is
indefeasibly seized of said land in fee simple; that it has full power and ~
lawful right to convey said land in fee simple as aforesaid; that it ahall be
lawful for the Mortgagee at all times peacably and quietly to enter upon,
hold, occupy and en~oy said land subject to equitable principles imposed by
Florida Law; that said land is free from all encumbrances, other than the Zien
for ad valorem real property taxes accruing subsequent to December 31, 1986
and other than any encumbrances referred to in the legal description of the
mortgage premises or lieted upon a separate schedule of "Permitted
Encumbrances" appended hereto; that it will make such further assurances to
perfect the fee simple title to said land in the Mortgagee as may reasonably
3~ y~ °;r I S~a vc o u-
~°--'-'~YL"~ ~ ~T! ~•.Yraent O{ Tax~s
'•C" In+.,n~~~;I.. Y~rsan,3~ Property,
1 P. n 7:; ~~r "•i, ~3a, Acis Of 1971.
G", _ ~ : .,~~:;N,
~ Cicrk Cucu~i Caurl, Si. Lutie~ Co.~ F~
FEE~ BRYAN, KOBLEGARD ~ FARRELL, P. A. 8C0X~4~}' E;~E VLiV
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