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508802 ,b,, ir~strt=meat .Ya. prepared by:
Robert A. B rson/jb
of the Law O[fioe of
CROMWELL d[ REMSfiN 9 3S~
First Marius Bank Building 8th Floor ~ '
8001 Broadwayy
Rivkra Beach, Fbrida 33401
by
C0111AIUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF 1 HE PAL11i BEACHES
~'~OI~~M~E ~EP~
THIS MORTCAGI's INDENTURE executed this 25th day of November ~ 1980
FREDERICK L. BRED AND DEBORAH M. BRED, his wife
of the County of $t. Lucie . State ~ Florida hereinafter called the Mortgagor, which term as used in every in-
stance shall include the 1liorigagor's heirs, executors, successors, legal representatives, and assigns, including all sul,s~.Ytuen! grantees, either
voluntarily by aM of the parties. or involuntarily by operation of law and shall denote We singular and/or plural, and the masculine and/or
feminine and the natural andlor artificial persons, whenever and wherever the contest so requires or adnuts, as parties of the first part, and
CO\I\IUNITY FEDERAL SAVI\GS AND LOAN ASSOCIATION OF THE PALM BEACHES, a corporation ezisling under the laws of the
United States of America, hereinafter called the 1liortgagee, which term as used in every instance shall include We I-lortgagee's suct.-essors,
legal representatives. and assigns, as party of the second part.
WITNESSETH. That for divers good sad valuable considerations, and also in consideration of the aggregate sum of money named
in the promissory note of even date herewith, hereinafter described, the Mortgagor does grant, bargain, sell, alien. remise, release, convey,
and confirm unto the Iltortgagee, in fee simple, the following described real estate, of which the Mortgagor is now seized and possessed,
and in actual possesioa, situate in the County of St. Lucie ,State of Florida, to-wit:
Lot 23, Block 216, PORT ST. LUCIE, SECTION FOUR, according to the Plat thereof.
as recorded in Plat Book 12, Page 14A, of the public records of St. Lucie County,
Florida.
p--_f!t'=n s - ~oS.g~ IN PAY!lEliT Q/ TAXIi
-- tiff t;`i CL=:: 'C i;iT143:3!£ PE."S~:t+11 PROPEiITY,
fl1f.S;:Ani 7D .a;?T: 7t-'~4, ACTS OF 1lJl.
RBGiR P~ITP,At
CLERK CIRGIpi COURT. iT. f~IgE ~. Ri$'~'
,
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t . - - .!.- - J. V
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TOCETIiER with all structures and improvements now and hereafter m said land sad the firtuns attached thereto and all rents,
issue, Proceeds, and profits accruing and to accrue from said premiss all of which are included within the foregoing description sad the
habendum hereof. Also all ga:, steam, electric. water and other heating, cooling, refrigerating, lighting, plumbing, ventilating, irrigating
and power systems, machine, appliances, fixtures sad app»rtemnoes, which sow or may hereafter pertain to or be used with, in or m said
premmise, even though they may be detached or detachable.
IT IS MUTUALLY COVENANTED AND AGREED by sad between the parties hereto that upon request of the I-iortgagor, the Mort-
gagee may hereafter, at its option, at anytime within twenty (20) years from the date hereof and before full payment of this mortgage
and notes secured hereby, make further advances to the 1ltortgagor and any such further advances, with interest, shall l,e secured b~ this
mortgage and shall be evidenced by an additional note then unpaid, and the total amount of indebtedness that may l,e secured by tl-is mort-
gage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not a:Deed the maximum
principal sum of i ~ 32, 900. 00 .together witb~iaterest thereon and arty and all disbursements made by the Mortgagee for the pay-
ment of taus, levies, or insurance on the property covered by the lies of this mortgage with interest on such disbursements at the rate speci-
fied in the note referred w in this mortgage, and for reasonabb attorney's fee and court costs incurred in the collection of any or all of
such auras of money.
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