|
|
|
|
Document Preview Deed of Trust |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Deed of Trust |
|||
|
Entities: |
||||
|
Date: |
2003 |
|||
|
Size: |
Preview shows 5KB of 68KB total |
|||
|
Price: |
$50 |
|||
|
ID: |
#411460 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
DEED OF TRUST
THIS DEED OF TRUST is made as of May 17, 1994, by AVIONICS
SPECIALTIES, INC., a Virginia corporation (the "Grantor") to DAVID F. BELKOWTTZ,
a resident of the City of Richmond, Virginia, and JAMES W. THEOBALD, a resident
of the County of Henrico, Virginia, trustees (collectively the "Trustees"), for
the benefit of BARNETT BANK OF PINELLAS COUNTY, a Florida banking corporation,
whose principal place of business is in Pinellas County, Florida (the "Lender").
RECITALS
A. On or about the date hereof, Lender has made a loan to Grantor and
AEROSONIC CORPORATION, a Florida corporation ("Aerosonic")(the Grantor and
Aerosonic will be sometimes collectively referred to below as the "Borrower") in
the original principal amount of ONE MILLION ONE HUNDRED THOUSAND AND NO/100
($1,100,000.00) (the "Loan"). The Loan is evidenced by a promissory note made by
Borrower in the amount of the Loan of even date herewith, payable to the order
of Lender (the "Note"). A copy of the Note is attached as Exhibit "A" hereto.
B. Aerosonic is the owner of all the stock of Grantor. As such,
Aerosonic will derive direct economic benefit from the making of the Loan by
Lender to Borrower.
GRANT IN TRUST
In consideration of Lender's making the Loan to Borrower and other
good and valuable consideration, the receipt and sufficiency of which are
acknowledged by Grantor, Grantor does hereby grant and convey to Trustees, with
General Warranty of Title, the real estate described on Exhibit "B" attached
hereto and by this reference made a part hereof.
TOGETHER WITH all and singular the tenements hereditaments and
appurtenances and all structures, buildings and improvements of every kind and
description now or, hereafter on said land, and all heretofore or hereafter
vacated alleys and streets abutting the said land, and all riparian and littoral
rights, easements, rights, rents, royalties, mineral, oil and gas rights and
profits, water, water rights and water stock appurtenant to the said land, all
fixtures, machinery, equipment, building materials, appliances and goods of
every nature whatsoever now or hereafter located in, or on, or used, or intended
to be used in connection with the said land, improvements and appurtenances
including, but not limited to those for the purposes of supplying or
distributing heating, cooking, electricity, gas, water, air and light; and all
elevators and related machinery and equipment, plumbing, bath tubs, water
heaters, sinks and other plumbing fixtures, ranges, stoves, refrigerators,
dishwashers, disposals, washers, dryers, awnings, storm windows, storm doors,
screens, blinds, shades, curtains, carpet, attached floor covering, furniture,
antennae, trees and plants all of which including replacements and additions
thereto, shall be deemed to be and remain a part of the real property covered by
this Deed of Trust.
Return to: David F. Belkowitz, Esq. This instrument prepared by
C/O Hirschler, Fleischer, Weinberg, DAVID R. PUNZAK
Cox & Allen Baynard, Harrell, Ostow
The Federal Reserve Bank Bldg & Urich, P.A.
701 East Byrd Street P.O. Box 180
Richmond, VA 23202-0500 8L Petersburg, FL. 33731
(813) 823-5000
{PAGE}
FURTHER TOGETHER WITH all rents, issues, income, profits and all
acounts receivable generated solely through the use by Grantor or others of the
real or personal property encumbered by this Deed of Trust, including any such
rents, issues, income, profits and all accounts receivable of any business
activity conducted by Grantor on or through the use of such property; and the
proceeds of all of the foregoing.
All of the above described property and interests will sometimes be
referred to herein as the "Property".
The Property is conveyed by Grantor to Trustees IN TRUST to secure to
Lender (i) repayment of the Loan, (ii) the performance of the covenants
contained herein, and (iii) the payment of all other sums payable hereunder.
Grantor hereby covenants and agrees with and warrants to the Lender as
follows (i) that Grantor is the absolute fee simple owner of the Property
excepting items, if any, disclosed in a Lien Affidavit (the "Affidavit")
executed by Grantor and presented to Lender on even date herewith; (ii) that the
Property is and will remain free and clear of all liens and encumbrances
excepting covenants, restrictions, easements and reservations disclosed to
|
End of Preview |
Home Intelligence Services Subscriptions News About Us