AEROSONIC INSTRUMENT CORPORATION
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Form 32 }<'lorida MORTGAGE DEED (}<'rom Corporation.)
For Photostat Recording
June
.11. D. 19 56,
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Executed the 28th day of
by AEROSONIC INSTRUMENT CORPORATION
a corporation existint under the laws. of the Soote of Ohio
andhavint its principal place of business at
. par~YQI~.",e ftJ'st part, hereinafter called the Mortgagor, to ,
CITY OF CLEARWATER, FLORIDA, a municipal corporation,
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of the County of Pinellas State of Florida
part y of the second part, hereinafter called the Mortgagee ,
Witnesseth., That for divers good and valuable considerations, and also
in consideration of the aggregate sum named in the promissory note of even date
herewith, hereinafter described, the said Mortgagor, doth grant, bargain, sell,
alien, remise, release, convey and confirm unto the said Mortgatee , its
successors, heirs and assigns, in fee simple, all that certain tract of land, of
which the said Mortgagor is now seized and possessed, and in actual possession,
situate in Pinellas County, State of Florida, described as follows:
Begin at the Northeast corner of the Southeast
quarter (SEi> of the Northwest quarter (NW{>
of Section 12, Township 29 South, Range 15 East;
thence run South 0 deg. 16' 59" West along the
North-South mid-section line of said section a
distance of 350 feet to a point; thence run North
89 deg. 20' 05" West, a distance of 50.0 feet for
Point of Beginning; thence run North 89 deg. 20'
05" West, a distance of 450 feet to a point; thence
South 0 deg. 16' 59 " West, a distance of 415.0 feet
to a point; thence run South 89 deg. 20' 05" East,
a distance of 450 feet to a point; thence run North
o deg. 16' 59" East, a distance of 415.0 feet to
Point of Beginning; all being in Tract A of Replat
of Blocks 1 through 19 of Marymont Subdivision in
Plat Book 39, page 31, of the public records of
Pinellas County, Florida.
This is a second mortgage subject and subordinate only to a mort-
gage of even date in the sum of $3~,OOO.00 in favor of Clearwater
Federal Savings & Loan Association, Clearwater, Florida.
Sjdle and County lnlangrble lax Paid UnGel
Chap~r 20724. Acts of 19.1 CI.ss C
Amounf $~o _____~______
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l. W. LAMBERT Tax Collecter
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To Have and to Hold the same, to~ether with the tenements. hered"-
itaments and appurtenances, unto the said Mort~atee , and its succ~ssors t
heirs and assitns, in fee simple,
And said Morttagor, for itself and its successors, legal representatives and
assigns, doth covenant with said Mortgagee , its succeSsors , heirs, legal
representatives and assigns; that said Morttago7' iscindefeasiblyseized orsaid-ta1id-~.-
in fee simple; that the said Mortgagor, hath full power and lawful right to convey
said land in fee simple as aforesaid; that it shall be lawful for said Mortgatee ,
its succ e s so rs , heirs, legal representatives and assitns, at all times peaceably
and quietly to enter upon, hold, occupy and enjoy said land; that said land is free
from all incumbrances; that said Mortgagor, its successors and legal representatives,
will make such further assurances to perfect the fee simple title to said land in said
Mortgatee , its successors) heirs, letal representatives and assigns, as may
r~asonabll1 be required,', and tnat said Morttator, doth hereby fully warrant th~
t~tle to sa~d land and Mll defend the same atainst the lawful claims of all persons 1"
whomsoever,
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Provided Always, that if said .Mort~a~or, its successors, le~al representa-
tives or assi~n8 shall pay unto the said .Mort~af!ee ,its SUocessors, le~al
representatives or assigns, the certain promissory note, ' of which the followinf!
in words and fi~ures a true copy , to Wtt:
and shall perform, comply with and abide by each and every the stipulations,
atreements, conditions a,nd covenants of said promissory note and of this deed,
then this deed and the estate hereby created shall cease and be null and void.
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And the said .Mort~ator, fror itself and) its successors, legal f'epresentatives
and assitns, hereby coVenant and atree:
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1. To pay all and singular the principal and interest and other sums of money
payable by virtue of said promissory note and this deer or either, promptly on
the days respectively the same severally come due,
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2, To pay all and sintulal' the taxes, asse~sments, levies, liabilities" oblitations
and encumbrances of every nature on said described property each and every, and
if the same be not promptly paid the said Morttaf!ee ,its SUooessors, heirs,
le~al representatives or assitns may at any time pay the same without waivint or
affectint the option to foreclose or any ritht hereunder, and every payment so made
shall bear i",terest from the date thereof at the rate of five per cent, per annum.
3, To pay all and sintular the costs, charles and expenses,incl_udint lawyer's
fees,reasonably incurred or paid at. any time by said Morttatee ,its SUooessors,
heirs, letal representatives or assitns, because of the failure on the part of the said
Morttator, its successors, letal representatives or assitns, to perform, comply with
and abide by each and every the stipulations, atreements, conditions and covenants
of said promissory note and this deed, or either, and every such payment shall
bear interest from date at the rate 01 f'i ve per cent. per annum,
4, To keep the buildint now or hereafter on said land insured in a sum not
less than--$4,300.00------------____dollars, in a company or companies to
be approved by said Morttaf!ee , and the policy or policies held by and payable
to said Morttatee ,its successors~eirs, lef!al representatives or assitns, and in
the event any sum of money becomes payable under such policy or policies, the
Mortta~ee its SUcoessors, heirs, letal representatives orassitns, shall have the
option to receive and apply the same on account of the indebtedness hereby secured
or to permit the Mortfator to receive and use it, or any part thereof, for other
purposes, without thereby wai1Yint or impairint any equity lien or rltht under or
by virtue ot this morttate, and may place and pay for such insurance or any
part thereof, without waivint or affectint the option to foreclose or any ritht here-
u. n. der, and each and I. very such payment shall bear inlerest from date at the rate
/)1 ti ve per cen., per annum. . ,
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14,300.00 Clearwater, I"l.Or1a.a. ..Wle iriO,.....UIlJ
..it the Cit,Ball, Qlearwater J 'lorlda,ABROC~C INSTRUJUIJfT CORPORATI8.
. proai.e. to pa, ~o the order ot 'he CIty OlP C . WA.TJIl, Olearwater, Florida,
a lIW11oi,al oorporati.n,t.he .... of Pour Thou.and 'f,-ee Hundred <$4,300.00) ~. ,
Dollar., tor value reo.ived. with tnt.rest thereon froa the da~e hereor at
the rateot tlve ,ercent (~) per ~ua in the to110wiDl aanner, to-Wi. 1,:
The JI1lID ot B1pty-Gne Dollar. and Pittteen O.nt.. <.81.15) on the 28th daY
of Ju.1l1. 1956,aod the sua o't lIli. p. ,,-One Dollar. . and Pi. rtHn Cents (.$81.15)
on the B8th day ot each .uooe.uN _n"'h ther.art... until t.Re. ..1el total
lUll. ot Pour ThoU....... d.. 'thre.. R~.....' ..e4 (.... ...,.....30.0.00).. Do. ~lar.,. ~.. 'et.. he.r with.i .ntere.t
at 'U1e rat.e ot tt..; ,ero.rat. ('.,0 ha. __0 tull1' ,aid ott and. ,.tihmwged. Said
Mllthly '.,..D.'.'.... to bit ."I:IJ" n.,;~., 'to ;p..,... ' n1; ,'of,',.~..ued intere.t, and
the balanoe to p.1neipal. At! _.h~.lft agr..a to be paid may be paid on
or betore their due date v1tbout, pena1t,.
It aD7 ot . .aid ...., or ..ne, herein .,e.,1tied tobe.,~''''-IlGt. promptly
and tully ,aid w1tb1n 30 da,. next art AI' ,..~,.,..y._a:fl, be.oBle due and payable.
or it the oonditions ot thisnot.8i"be'h.ot .0llp1ied with, .aid aggregate aum
mentioned h.rel11<.:t.~ .l~_~itngunpa1d .hall beGolle d\ie and pa,able torthwi th,
or thereat-t...., at' th.aptloR of" tb8 pa,ee, It. llUooe880rs, adllin1strator. or
...lp., as rill1y aDdoo.pletel, al it the entire \Ulpaid bal'anoe val orilinal1y
stipulated to be paid on ~h date, anything in thil oo.te to the oontr.., not-
with.tanding. '
Nov should it beoo.. n808...r, tooo11_t this note throllgh an attorney,
81ther of UB, whether aaker, ...urit"or endor.er onthia note, her-eby agree. to
pay all ooat.s ot noh oollAOtioD, ine1uding '" reasonable attol"nel.. fee. TIfe
drawers and endora.r.i8eTerally vai.. pr..entaent tor paflll.nt, protest and
notioe of proteat, and IlOn-,.,.ent ot th1. note.
Thi. note i. Beeved b1 _nple ot ..era'date and i8 subject to the pro-
vi.ion. thereot.
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ABROSONIC INSfIlUHBNT CORPORATION
/s/ Herbert J. Frank ~
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5. To permit, commit or suffer no waste, impairment or deterioration of said
property or any part thereof,
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MTGs1165 o.~Gf 4'85
6. To perform, comply with and abide by each and every the stipulations,
a!!reements, conditions and covenants in said promissory note and in this deed
set forth,
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7, II any of said sums of money herein referred to be not promptly and fully
paid within thirty days n"",t after the same severally become due and pay-
able, or if each and every the stipulations, a!!reements, conditions and covenants 01
said promissory note and this deed or either, are not duly performed,complied
with and abided by, the said a!!!!re!!ate sum mentioned in said promissory note
shall become due and payable fO'rthwith or thereafter at the option of the Mort!!a!!ee .
its successors, heirs, le!!al representatives or assi!!ns, as fully and c'l.mpletely
as if the said attretate sum of Four ThOUsand Three Hundred and no;lOO-____
dollars was ori!!inally stipulated to be paid on such day, any thin!! in said promissory
note or herein to the contrary notwithstandint,
8. Mortgagor covenants and agrees that the proceeds of' the above
mentioned mortgage loan f'rom Clearwater Federal Savings & Loan Associa
tion will be expended toward the cost of' a bUilding or bUildings to
be erected upon the above described property.
9. Mortgagor covenants and agrees that this mortgage and the note
secured thereby will iDlDlediately become dUe and payable Upon the sale
by it or the premises encumbered by this mortgage.
10. It is agreed that breach of' any of' the tern.s of' the above des-
cribed mortgage to Clearwater Federal Savings and Loan Association
eitb"r by def'ault in payment or otherwiSe shall, at the option of' the
Mortgagee herein,accelerate and mature this mortgage and the note
Secured thereby.
I, an olficer authorized to take acknowled!!ments of deeds accordin!! to the
laws 01 the State 01 Flol'ida, duly qualified and actin!!, HEREBY CERTIFY that
!fER B "II T J .FJ3,ANj(" ,.." ", ., . arllllx '. , ,
"~as Presideiitimdh...-..,,,r'7lJ!;nUS()NIC '1:NSTfWlIENT"OOI'li'OMTION'_'
to me personally known, this dayacknowled!!ed before me that lihelf/f.""',ecuted the
lore!!oin!! mort!!a!!e as such olficeli of said corporation, and that liheg,alfi>;ed thereto
the olfioial seal of said corporation; and I FURTlIER CERTIFY that I know the
said person",makin!! said acknowledtments to be the individual~ described in and
who executed the said mortgage.
IN WITNESS WHEREOF, I hereunto set my hand and official seal at
Clearwater . said County and State, this 28th
day a/June , .11. D. 1956 ,
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In Witness Whereof, the said party of the first part has
caused thesepresents to be si!!ned in its name by its President,.
and its corporate seal to be affixed, CJiJtK.~ltf1.B
the day and year above written,.
State of Florida,
CollDty of PlNELLAS
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Notary PUbljt,~tate ~ f~rj('iat j~\l.
My COmmiSsj~1) '1;XPiriS ~. ;!7i~6,
Bonded by Arnerlc~, Fl'" &'l:a~"I~o.
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ABSTRACT OF DESCRIPTION
fited for n<>[.")j'i\ In The Qhim of lnlJ Clerk Of
iTh;} Gn\};i Ci.imt Of lhe~ County Of PineUas.
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CLEARWATER. FLORIDA
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City Ulerk
TO .___________________________~____
CITY OF CLEARW.....EIt
INTER.;OFFICE COMMUNICATION
July 27 56
DATE --------------_________~__ 19__
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FROM ..---____~:J.~~_~!?~ .ue~___________________~_____~______
.t"romissory note
su BJECT ___________.__________________________________________,_____________'____________________________________________.________
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Received from Oity Clerk uept.
promissory note from Aerosonic
~nstrument vorp. to Cit~ or Clear-
water in the amount ot 14300.00
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) PLEASE REPLY ON REVERSE SIDE