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MORTGACE AND SECURITY AGREENENT
THIS M~RTGAGE AND SECURITY AGREBMENT !a made thia ~
da of J•~~~A~ ° b BAgCOCK BUI~DINC SUPPLY
Y . . ~ Y ~ ~
F'lo~ida~corporation ("Mortgagor") ahoae addreaa ia 397 North
Babco~k Street~ Poet Offioe 8ox 817~ Melbourne, Florida 32935~
in favor of TH~ CITIZENS AND SOUTH~RN NATIONAL $ANK~ a national
banking association ehartered under the lar+~ of the United
States of Ameri~~~ Whose addresa i+~ 4 Northeaet Center South,
2059 Cooled~e Road~ Tueker~ Ceorgis 300$4 {"Mortgagee").
W I T M E S S E T H:
wHEREAS~ Mortgagee has made A loan ~ontemporaneousiy
herewith to Mortgagor !n the original prineipal amount of TWO
HUMDREA THOUSAND AND NO/100 DOLLARS (=200,000.00) and Mortgagor
is 3u~tly indebted to Mortgagee in the furegoing amount in
lawful money of the United States~ ~nd MorLgagor has agreed to
pay the aatae, uith interest thereon~ according to the term~ of
a certain note (the "Note") given by Mortgagor to the
order of Mortgagee Oearing even date herewith ir? the original
principal amount of ~200,000.00 with tinal payment being due on
or before nprii 30~ 1990; end
NOw~ THEREFORE~ to secure the performanGe and obaerv~nce
by Mortgagor of all covenanta and conditions it? the Note and
the indebtedness evidenced thereby and in this instrument and
in all other instruments securing the Note, and ~n order to
charge the properties, interesta and rights hereinafter
described w~th sueh payment~ perforooance and observance~ and
for and in consideration of the aum of Ten and No/100 (=10.00)
Dollar~ this dnte paid by Mortgagts to Mortgagor, a~rid for other
valuab~e cons~deration, the reeeipt of which ie acknowledged,
Mortgagor Coes hereby grant, bargain, sell~ alien~ remi~e,
release~ convey~ aasign~ transfer~ mortgage, hypothecate,
pledge~ deliver~ oet over~ warrant and confirm unto Mortgagee~
its sueceasors and assign~ forever and hereby grents unto
Mortgagee~ it~ ~uCCessor~ end aa~ign~ forever~ a seourity
i.nterest in and fee ~imple Litle to the following properties:
~ ~ ' t S ' G'~ ~;tJGLAS DiXON
8~ Lucie Cciuaty
LV ~ r Of G`1TCt11t ~O{Ll':
~ Z~ ~ '
~atiE i / 0 ~k
~~~543
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