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HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH
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THIS MORTGAGE INDENTURE execurod this 4th of March 1980
by
LOUIS D. CARRAN AND
BEVERLY C. CARRAN, HIS WIFE
of 1M County of Palm t3each, Stara of Florida, hereinafter tolled the Mortgagor, which ronn as used in every irtstonw shall
include ihs Mortgagor's hero, executors, wecessors, legal representatives, and assigns, including all t grantees, eitMr
vduntority by act of the parties, or involuntarily by operaYron of law and shall denote the singubr%r plural, and the
masculine erect/or feminine and the natural and/o? ortificiol persons, whenever erect wherever the context so r+equiros a admits,
o: parties of the first part, and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH, a corporation existing
under the lows of the United States of America, heroinafror tailed the Mortgagee, which term as used in every instance shall
include the Mortgagee's successoa, legal representatives, erect assigns, as party of the second port.
WITNESSETH, Thot for divers good and valuable considerations, and also in consideration of the aggregate sum of money
named in the promissory note of even date herewith, hereinafter descried, the Mortgagor does grant, bargain, sell, alien, re-
mise, release,- convey, and confirm unto the Mortgagee, in fee s'unpte, the following described real estate, of which the Mortgagor
is now seized and possessed, erect in actual possession, situate in the County of , State of Florida, to-wit:
St. Lucie
LOT 18, BLOCK 285, PORT ST. LUCIE SECTION ONE, ACCORDING TO THE PLAT
THEREOF, AS RECORDED. IN PLAT 800R 11, PAGE 53, OF THE PUBLIC RECORDS
OF~ST. LUCIE COUNTY, FLORIDA.
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THE PROCEEDS OF THIS MORTGAGE ARE BEING DISBURSED PURSUANT ~ BORROIdERsS
CONSTItiJCTION LOAN AGREEMENT OF EVEN DATE BE'IWEEId THE PARTIES. HERETO, WHICH
AGREEMENT, BY REFERENCES HERETO, IS MADE A PART HEREOF. i
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TOGETHER with all structures erect improvements new and hereafter on said land and the fixtures attached thereto and all
rents, issues, proceeds, and profits accruing and to accrue from sold premises all of which are included within the foregoing de-
scription and the haben lum hereof. Also all gas, steam, electric, water and other heating, cooking, refrigerating, lighting, plumb-
ing, ventilating, irrigating, and power systems, machines, appliances, fixtures erect appurtenances, which now ar may hereafter
pertain to or be used with, in or on said premises, even though they may be detached or detachable.
R IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor,
the Mortgagee may hereafter, at its opYwn, at anytime within ten (10) years from the date hereof and before full payment of
the mortgage and notes secured hereby, make further advances to the Mortgagor and any wch further advoncest with inter-
est, shall be secured by this mortgage and shall bs evidenced by an additional note then unpaid, erect the total amount of in-
debtedness that may be scarred by this mortgage may decrease or increase from time to time, but the total' unpaid balance
so secured at any one time shell not exceed the maximum prin~rpal wm of ; 39200.00 ,together with interest
thereon and arty and all disbursemenh made by the Mortgagee for the payment of taxes, lev'~es, or inwrance on the property '
covered by the lien of this mortgage with interest on such disbursements at the rate specified in the note referred to in this
mortgage, erect for reasonable attorney's fees and court costs incurred in the collection of any or all of wch sums of money, j
TO HAVE AND TO HOLD the same, together with the tenements, hereditaments and appurtenances, unro the Mortgagee,
yin fee simple. ~
AND the Mortgagor doe: hereby covenant with the Mortgagee that he is indefeasibly seized of said loud in fee simple; that
he has full power and lawful right to convey said land in fee s'unpte as aforesaid; that it shall be lawful for the Mortgagee of all
times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is free from all incumbrancess
that he will make such further oswrances to protect the fee simple title to said land in the Mortgagee as may reasonably be
required; that he does hereby fully warrant the title to said land and will defend the some against the lawful claims of all per-
sons who+nsoever. ~ ,
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