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Robert A. Burson, Esquire ~
67 So. Fed. Hwy. -
Stuart, FL 34994 ' /
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COMMUNITY SAVINGS, F.A. {
ADJUSTABLE RATE MORTGAGE DEED
THISh10RTGAGEINDENTUREese~:utedthis ],$th dayof March •19 88
by
MICHAEL DEAN LANE AND TERESA ANNE LANE, his wife
of the County of St . Lucie . State of glOridg hereinafter called the hiortgagor, which term as used in every instana shall in-
clude the Mortgagor's heirs, executors, successors, legal representatives, and assigns, including all subsequent grantces, either voluntarily by act of the parties,
or involuntarily by operation of IaN• and shall denote the singular and/or plural, and the masculine and/or feminine and the natural and/or anificial persons,
whenever and w~herever the context so requires or admits, as parties of the first part, and COMMUNITY SAVINGS, F.A., a corporation existing under the
laws of the United States of America, hereinafter called the Tlortgagee, which term as used in every instance shall include the hlortgagee's successors, kgal
representati~•es, and assigns, as party of the second part.
WITNESSETH, That for divers good and valuable considrrations, and also in considcration 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 htortgagee, in
fee simple, the following described real estate, of which the Mortgagor is now seized and possessed, and in actual possession, situate in the County of
St. Lucie . State of Florida, to wit:
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The North 132 feet of the South 264 feet of the following described real property to-wit:
The East 1/2 of the SE 1/4 of the NW 1/4 of theNE 1/4 less and excepting the East 30
feet for road right of way; all Iying and being in Section 13, Township 35 South, Range 3
39 East, St. Lucie County, Florida.
_ , . , / 3 ~oy •
. a t o_`2.1 ~n Payment Of Taxe~
Q,- . . .r -
. , . d ~~,,.ng b{e Personal Properi~/t
~ . . ' ; ~ ' r~ To C4k p'er 71, 134, Acts Of 19TG
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. - - - = - - _ : .•~t rircait Coort. 51. Lut~e. Co., .
TOGETHER with all structura and improvements now and hereafter on said land and the fiztura attached thereto and all rents, issues, procseds, and
pro~ts accruing and to accrue from said premises all of which are included within the foregoing description and the habendum hereo[. Also all gas, siearn,
electric, water and o~her heating, cooking, rofrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, applianca, fiatura and ap-
purtenances, which now• or may hereaftcr pertain to or be used with, in or on said premiscs, o~en though they may be detached or detachable.
IT IS b1UTUALLY COVENANTED AND AGREED by and hetween the partics hereto that upon request o( the hlortgagor, the ~lortgaga may here-
after, at its option, at anytime within twenty (20) years from date hereof and before full payment of this mortgage and notes secured hcreby, make funher ad-
vances to the hlortgagor and any such further advances, with interest, shall be secured by this mongage and shall be evidenced by an additional nott then un-
paid, and the total amount of indebtedness that may be secured by this mortgage may decreau or increau from time to time, but the'total unpaid balance so
secured at a~y one time shall not ezcad the maximum principal sum of S 135~0.~~ , together with inlerest thereon and any and all
disbursements made by the Mortgagee for the payment of taaes, levies, or insurance on the property covered by the lirn of this mongage with interest on such
disbursements at the rate spn ired in the nott referred to in this mortgage, and for reasonable attorney's fces and co~rt costs incurred in the colkction of any
or alf of such sums of money.
BOGK V,~~ FNGE ~~j~ RFTURNTOINSTRUNFNTPREPARER
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