HomeMy WebLinkAbout1544 81i15~90 15:34 a 407 ~59 4942 B B S Inc. 88
TN~ MORTCAGED PROPERTY
The term "Mortgaged Property" aa used herein shall be ae
hereinaPter defined.
(A) THE LAND. All the parcel~ and tracts of land located
in the County of sc. 1.ucie, State of Floridu ( the "Land"
described in Exhibit "A" attached hereto and made a part
hereof;
(B) TH~ IMPROVEMENTS. TOCE7'NER WITH all buildinga,
structures and improvementa of every nature whatsoaver now or
hereafter sltuated on the Land~ and all fixtures, ~oachinery~
appliances, equipment, and peraona~ property of every natu~e
Whatsoever noa or hereafter oaned by Mortgagor and located in
or on~ or attached to~ or used or intended to be used in
connection with or with the operation of, the Land, buil.dings,
structure~ or other ianprovements~ ineluding all extensions,
additions, improvecaenLs~ betterments~ renewal.S and replacement9
to any of the foregoi~g and all of the right, title and
interest of Mortgagor in and to any such personal property or •
Izxtures LogeLher with the benefit of any deposits or payments
now or hereafter made by Mortgagor or on its behalf (the
"Improvementa");
(C) EASEM~NTS OR OTHER INTER~STS. TOGETHER WITN all
easements~ zoning va~i.ances and exeeptions, rights of way~
gores of land~ streets, ways, alleys,~ passagea~ seWer ~i.ght~,
waters~ water eourses~ water rights and poWers, an4 sll
estates, rights~ titles, interests~ privileges~ liberties,
tenements, hereditaments and eppurtenances whatosever~ in any
aay belo~ging, relating or appertaini~g to any of the property
hereinabove described, or which hereafter shall in any Way
beiong, relate or be appu~tenant thereto~ whether nqw oWned or
hereafter acquired by Mortgagor, and the reversion and
reversions, remaindec and re~oainder~, rents, lssues and profits
thereof, and all the eatate, right~ title, intereat, property~
possession, elaim and demand Whatsoever~ at laW as well as in
equity, of Mortgagor af, in and to the same, incluCing but not
limited to all ,judgments, aWards of damages and settlements
~ereafter made resulting from condemnation proceedinga or the
taking of the property described in paragraphs (A), (B) and (C)
hereof or any part thereof under the power of eminent domain,
or for any damage (whether caused by such taking or otherWise)
to the property described in paragraph8 (A)~ (B) and (C) hereaf
or any part thereof, or to any rights appurtenant thereto, and
all proeeeds of any sales or other dispositio»s of the property
described in paragraphs (A), (8) and (C) hereof or any part
thereof. -
(p) ASSIGNMENT OF RENTS. TOG~THER WITN all renta,
royalties, issues~ profita, revenue, ineome and other benefits
from any property described in paragraphs (A)~ (B) and (C)
hereof to be applied against the indebtedness and other sums
secured hereby, provided, hoWev6c, that permis~ion la hereby
given to Mortgagor so long ae no default haa occurred
hereunder, to collect, receive, take, use and en~oy such rento~
royaltiea, isauea, profita~ revenue, inaorae and other benePlta
aa they become dua and payable~ but not in advance thereot.
The foregoing esaignment ehail be fully operati~.ve rrithouti s~ny
further action o~ the p~rt of either p~rty an4 epeaifloAlly
Mortgagae shall bd entitied~ at ita option upon the oocurrenae
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