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PrApared By end Return to:
Deborah E. euetti, Eeq.
GUN6TER, YOAKLEY ~ STEWART, P. A,
One Lincoln Plo~e, Suite 3S1
1900 Gledes ~toad
Boca Raton, FL ~3431
As__S2. R T Q l~l
TNIS !~lOA~'GAGE, ~nadZ thib ~ day of Jatluary, 1990,
between SOUTHERN EAGLE DISTRIBUTING, INC., a Mis3our~
' corporation authoriaed to l-rensact busine$~ in Florida {the
~ "Mortgagor") and SUN~ANK/SOUTH FLORIDA, NATIONP?L, having an
~ office at 25 S. ~ndrewa Avanue, Fort Leuclerdale, Florida (the
I "Mortgagee").
~
:
` N I T~l E fi 8 E T H:
~
~ WH~RSAS, the Mortqaqor is the owner of the real prOperty
legal2y described in Exhibit "A~ attached hereto and the
f improvement~ thereon ~s rt?vi~ QartiCUlar~y dQSCribed in SeCtion
E 1.1 hereof;
~ wHgRSAE, the Mort9Agee will lend and th~ Mortg~gor will
~ borrow the sum of ~4,OOO,000 as evidenced by (i) that certein
~ Fir~t Mortgage Pc~missory Note in the amount of OHE MYLLION SIX
HUNpRED FIFTY THOUSAND AND NO/100 (~1,650,000.00} DOLLARS anc!
~ {ii) that cartain Term Not• in the b~nount of lw0 MILLION THRBE
` HUNDRED FIFTY THOUSAND AND NO/100 (~2,350,000.00~ DOLfuARS
~ (collectively, the "Notv"), to be j~intly and aeverally
g guaranteed by PETER w. BUSCH and GARY M. RUST (c~118Ctively,
~ the "Cuarantor") pur~uant to thuae cerLain Guarantee~s of even
~ date herewith (collectively, the "Guarantee"); and
WxER.F.r?S, as security for the Note $nd any other
obl~gation or liability of the Mortqagar to the Mortgaqe• as
, set forth in Sectiona 1.2 and 1.3 hereof, the Mortgaqor hereby
qrants to the Mortgaqee a fir~t mortgaqe on the Mortqaged
Prop~rty.
N4w, TttEttgl?ORE, in canaideration o! the fvreqoing and of
the covenants hereinafter set fozth, the Mortgagor aqrees as
- followa:
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