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T6i~ matruneat war ,prepared hy:
• + • Robert A. Burson/~b_
_ of the Law Office of
Ci[OI?[~VBLL !t BDdSSN
Fist Mortice Bank Bnilwdaiyng 8th Pfoor
Rlvlera~B
acBh.~Florida 33405
COMMUNITY FEDERAL 3AVING4 AND LOAN ASSOQATION OF RMERA BEACH
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THIS MORTGAGE INDENTURE executed this 25th day of March 19 80,
by
SOUTHERN DEVELOPMENT AND ASSOCIATES, INC., a Florida corporation
of the County of Martin ,State of Florida hereinafter called the Mortgagor, which term as used in every in-
stance shall include the Mortgagors heir;, executors, successors, legal representatives, and assigns, including all subsequent grantees, either
voluntarily by act of the parties, or involuntarily by operation of Ltw and shall denote the singular and/or plural, and the masculine and/or
feminine and the natural and/or artificial persons, whenever and wherever the contest so requires or admits, as parties of the first part, and
COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA BEACH, a corporation Busting under the laws of the
United States of America, hereinafter called the Mortgagee, which term as used in every instance shall include the Mortgagee's successors,
legal representatives. and assigns, as party of the second part.
WITNESSETH. That for divers good and valuable oorasiderations, and also in consideration of the aggregate sum of money named
in the promissory note of even date herewith,. hereinafter described, the Mortgagor does grant, bargain, sell, alien, remise. release, convey.
and confirm unto the Mortgagee, in fee simple, the foIIowing desrribed nal estate, of which the Mortgagor is now seized and possessed.
and in actual possession, situate in the County. of.5t. Lucie ,State of FLuida, to-wlt:
Lot 29, Block 527, PORT ST: LUCIE, SECTION TEN, according to the
Plat thereof, as recorded in Plat Book 12, Page 49, of the Public Records
of St. Lucie County, Florida.
~ na~.lr.e • 8'3"~° ~ ~ aTat.~
Oue On Class ^C" Intarpr'blsPNSOr1Nh~op~p, i
pursuant To Chttpw 71.134. Ads Qs }g
RO(ipR teOITRAS
_ _ - j _ - - Ctar! CMp~tk C~our~ Sf. tatcN. Oo., Ra.
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TOGETHER with all structures and improvements now and hereafter on said Lund and the furtures attached thereto and aII teats.
issues, Proceeds, and profit: accruing and to aocme from said premises aII of which are indnded within the faregdng description and the
habendum hereof. Ako aD gaa, steam, eLxMc, water and other heating, cooking, refrigerating. lighting, plumbing, ventiLBag, irrigating,
and power systems, machines, appliances, futures and appartenarroes, which now or may htreafter pertain to or be used with, io or on said
i premises, even though they may be detached or detac)iable. -
IT IS MUTUALLY COVENANTED AND AGREED by and between the parties hereto that upon request of the Mortgagor, the Mort-
~ gages may hereafter, at its option, at anytime within twenty (20) Years from the date bereof and before fuD payment of this mortgage
and notes secured hereby, make further advances to the Mortgagor and any such further advances, with interest, shall be secured by this
mortgage and shall be evidenced by an additional note then unpaid, and the total amount of indebtedness that may be secured by this wort-
gage may decrease or increase from time to time, but the total unpaid baLuroe so secured at am one time shall not exceed the maximum
principal sum of = 41, 600. 00• .together with interest thereon and any and all disbursements made by the I?lortgagee for the pay-
ment of tares, Lsvies, or insurance on the property covered by the lien of this mortgage with interest on such disbursements at the rate sped-
fied in the note referred to in this mortgage, and for reasonable attorneys fees and court coats incurred in the collection of any or all of
such cams of money.
PLGE V asrvrrrr m n~rsrnvicarrr ra~wnnt
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