HomeMy WebLinkAbout0073GUETTLER/01-23072497
S ~_Qb69
MORTGAGE SPREAD AGREEMENT
WHEREAS, KARL V. GUETTLER and JEAN V. GUETTLER, his wife,
did on June 17, 1980, make, execute and deliver a certain mortgage
deed to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE,
a corporation organized and existing under the laws of the United
States of America, which mortgage was recorded in O.R. Book 333,
at page 958, of the.Public Records of St. Lucie County, Florida,
and which mortgage deed encumbered certain real property in St.
Lucie County, Florida, described as follows:
Paroel 1:
FYan the interseckion of the South right-of-~way ].ir~e
for Delaware Avenu~e and the West l.ine of the East one-
half of the SW 1/4 of the SW 1/4 of Section 8, ~+ownship
35 South, Ranc~e 40 East, St. Lucie ~unty, Florida, nai
East on said right-of-way line 406.62 feet, thes~oe nm
South 196.75 feet to the point of beginni~, thenae
wntinue South 140 feet, thenoe nm East 132.5 feet,
therx~e nm North 140 feet, th~ioe nu'- West 132.5 feet
to the PoirYt of Beginnirg. ~
Paroel 2:
~OCEIi~IIt with an easenent for ingress and egress ov~er
the follvwi~ described par~cel:
Begin at the Southtiaest wrner of the abave paroel ar~d
run East 163 feet more or less to the West ].ine of
park Haanroclc Fstates Subdivision as r~rded in Plat
Boolc 14, page 13, the.noe nui South 60 feet, thenoe
run West 163 feet mr~re ar less to a point 60 feet
South of the point of beginning, thenae r~ rlorth
60 feet to the Poirit of Begiruiing.
as security for an original principal debt of Sixty-Seven Thousand
Dollars ($67,000.00), evidenced by a promissory note; and
WHEREAS, it has been determined by the parties hereto that
the lien and operation of said mortgage should be spread to in-
clude additional land,
NOW, THEREFORE, in consideration of the foregoing and other
good and valuable considerations and the mutual covenants and
promises herein made in the sum of One Dollar ($1.00), each to the
other paid, KARL V. GUETTLER~and JEAN V. GUETTLER, his wife,
hereinafter called the "Mortgagors", and FIRST F`EDERAL SAVINGS AND
LOAN ASSOCIATION OF FORT.PIERCE, hereinafter called the "Mortgagees"
agree as follows:
1. That the lien and operation of said mortgage dated June
17, 1980 and recorded in O.R. Book 333, page 958, of the Public
Records of St. Lucie County, Florida, shall be modified, amended
and spread so that the description of the property encumbered by
said mortgage shall be as follows:
Paroel 1: ~
Fran the intersecti~ of the Sou~ rightrof-way line
for Dela~,rare Avenue and the West line of the East one-
half of the 9W 1/4 of the SW 1/4 of Section 8, ~ip
35 South, Ranc~e 40 East, St. Lucie Co~ty, Florida, nm
East on said ric~t-of-way line 406.62 feet, thenve r~
South 196.75 feet to the point of beginning, thenoe
oontinue South 140 feet, thenoe run East 132.5 feet,
thenoe nm North 140 feet, th~ve n~ West 132.5 feet
to the Point of Begiiuzing.
FEE. KOBLEGARD & TEEL. P. A.
ATTORNEYS AT LAW
POST OFFICE BOX t000
FORT PIERC[. FLORIOA 39~50
Tt~[~NOnt. (305) ~Sl•5020
$~3~5 P~ ~72
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