HomeMy WebLinkAbout0950 5`I' 49,180
THIS I~VSTRUhIENT PREPARED BY ~
AND RETURN TO: ~F~~~i~~ 1
~
Larry B. Al~xander, Esq. ; ~
JONES & E'OSTCR, P. A. ~ i
505 S. Flayler Dr ive ~
P. J. Drawer E '
West Pal?n 8each, ~'L 33402 ~ ~
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~10RTGAGE AND SECUftI'PY AGR~Ei9ENT
AND ASSIGNMENT ON RENTS
STA'i'~: UE H'LOi2IDA
CUU~TY OF S'r. LUC IE
'rHIS INDENTUR~:, made this a O day of January, I988, ~
~ between JSL EQUITY CORP., a Florida carporation, hereinafter j
called Mort:~ayor, and ~ENERAL M~TORS ACCEPTANCE CORPORATION, a
New Y~rk corPoration authorized to do business in the State of 1
Elorida, whose oost otfice address is 4000 Okeechobee Boulevar~,
W~st Palm seacn, Florida, 33409, hereinaFter called ~lortgagee, j
i
WITNESSE'PH: ~
;
WHEREAS, +lort~ayor is justly indebted to Mortaayee in
tt~e sum o~ ~.ight Hundred E'ifty Tnousand Uollars ($850,000.0~), in
law~ul money of the Unite~ States, and has agreed to pay the
same, with interest thereon, according to the terms of a certain
nate (tne "vote") yiven by Mortgagor to ~lortgagee, bearing even '
date herewith with final ~
, payment being due on or be~ore
September 1, 1993, and which by reference is ~nade a part her~of;
and
i~Ov7, THERE~ORE, in consideration oE the premises and of
tne sum hereinabove set forth, ~tortgagor has granted, bargain~d,
sold and conveyed, and by these presents does grant, baryain,
, se11 and convey unto Mortgagee properLy situate in St. Lucie
' County, Florida, more oarticularly described in Schedule "A",
attached hereto and r;iade a part hereof by reEerence.
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TOGETH~R wit all buildings, structures and other
i~n~ro~~ements now or hereafter located an the property
hereinbefore described, or any Part and parcel thereof; and
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'rOGETHER with all rights, title and intere5t ot
~ Mor.ryagor in and to the minerals, fl.owers, shrubs, crops, trees,
; ti~nber an~ other emblements now or hereaFtPr on said property or
! un~er or above the same or any part or uarcel thereof; and
TOGE;THER with all and singular the tenements,
n~reditarnents, riy~ts oE way, easements, water rights (including
ribarian and littoral riyhts) and appendages, ~rojections and
3ppurtenances thereunto belonging or in any wise appertaininy,
~ahether now owned or t~ereaFter acquired by ~fortgagor, and'
includin•~ alI riyhts oE inyress and egress to and fro~n adjoininy
praperty (whether s~ch rights now exist or subsequently arise)
i streets, ways, alleys and strips and gores oE land now or
I
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