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Pre~r~d by: Lyan Schorb Return to: Sally Co~bs
Mercedes Hames~ Inc. Florida Federal Savings Bank
1940 SE R~rt 5t. Lucie Blvd. Post Offiae Box 361845
P+~rt St. I~ucie, Florida 34952 Melbaurne, Florida 32936-1845
MURTGAGE SPREADIItI~
- 'IHIS A~, executed as of the 19 day of Deceaber , 1989 , by and betw~eE+xi
t.tER(~pES HOMF,S, INC., (hereinafter referrec~ to as "B~rt~rer") in favor of FZARI[aA FID~2AL
SAVINGS BANK f/}~/a FI.ARID~A FEDF.RI~ SAVINGS AND IAAN AS90CIATION, (hereir~after referY~ed to
as ~ ~ I~etldP~r" ) .
W I T N E S S E T H:
j~2FAS, Lender is the owner ar~d holder of that certain mortqage dated OctoUFx 13,
1987, given by the Borrvwer herein to the iender in the original principal a~un of
$1,000,000.00, said m~rtgage being reoorded in Official Reoords Book 0653, Page 2186,
Public Reco~ls of St. Uacie County, Florida; and as modified by a certain Fliture Advanve,
i~tortqage 2~iodification and Consolidation Agree~lt in the principal swn of $3,750,400.00,
ciated June 1, 1988, reoorded in official Revon~s Book 0623, Fage 0140, Rtblic Reoords of
St. Iucie County, Florida; arid as further modified by a certain ~Liture Advanoe, l~x'tgage
i•iodification and Cbnsolidation A~'eement in the pri.ncipal s~ua of $5,000,000.00, dated
June l, 1989, recorded in Official Reoords Book 641, Page 1184, Riblic Reoords of St. i,
I~ucie County, Florida and
Leix~er is the alner and holder of one oertain Pramissory Note, (hereinafter ~
"Piote"), executed by £orrower herein in the total original principal s~nn of
$5, 000, 000. 00, which Note is secured by the abave refere.~loed Fliture Advance~ 1'~rt~age ;
2•iodification and Consolidation Agreement thereto as set aut abwe; and ~
,
~~I~REAS, Borrc.ywer arid Iender desire to spread the liens of the kliture Advar~ce,
2•iort~gage M~dification ar~d Consolidation Agreement (hereinafter referred to as the "I,oan -
Doc~une.nt" ) : and
~~F.AS, Borrvwer pramises to pay a~l suans secured by the ~ve referenced L~an
Dcx..~_nt atid perform all of the covenants and corx~itions in the original Loan D~S
as modified herei.n. .
NpW, ZI-~2EFORE, for and in consideration of the premises and for ottw_r gooa ar~d
valuai~Ie c.~onsiderazions, the rece.ipt of which is hereby ac,u~vwledged, the Borrow~er does
grant, bargain, sell, alien, remise, release, oorrvey and oonfixm unto the Iender the ~
; property des~*-:bed belcxa, ar~d Borrawer does hereby agree that the lien, charge and affect ~
of the above referenced IAan Docwnent be ar~d the same is hereby e~aryded and spread so as !
! to enclm~r ar~d affect, in addition to the premises presently encumbered and affect~ed
; ttlereby, the additional property more particul.arly described as follvws:
! :
t
~ Lots 3 and 4, Bloct 1131, POBT ST. LUCIE SECTIOF HINE, according
~ to the plat thereaf as recorded in Plat Boot 12, Pages 39A
through 39I of the Public Records of St. lucie County, Florida. ~i
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~ 'POGEI'f~R ~dI'IH all i~rovemQrits naw or hereafter located on the abwe described paroel
~ and all and sinqular the tenemer?ts, hereciitaments, a as specified in the Laan
L~mient, to have and to hold unto the Ietx~er, its successors and assigns, to its own
~ proper use, benefit and behalf forever.
~
a
~ IN WITNESS Wf~tF]oF, Borrower has exewted this Mortgage Spreader Agreement as of the
~ day and year f irst set forth a}.xyve . JAN 23 A 9~ 1 d _
~ 10206U? ~1~
~ Signed, sealed ar~d delivered ~EDFS HCX~SE,S, INC. ; ~L ~ ' , i~ ~ ;
~ zn the presence of : , ~ r. f;: h .
" i _ ! 'i .
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` ` . RF~ Fro ~ ~ ~Tln nrxoN
' ' C?-~ ~ ~ n`. i_.IC7@ UIlt7 :
s Doc '~'ax S~~ G:;,rk of Ci:ci:it l;o;u~
~ inc Tax s ~y ~ ~ , : '
~ STATE OF FL(JRILIA ~ '
~ Cr.XJNI'Y OF ST. IJJCIE ~ C,~,t+",~.•+a.;,~
~ Total ~ . t : s
i • '
:'r~ ~
~ zh~ forego' inst t was acla~vwledg bef • Rie - y k` day of ,
~ 19 q0 by LC~ , the ,~L , ' ~ cif' ~EEtCEDFS , Il1C. ,
~ a Florida ration, on beha2~„y~f ~ oorpora : '~'"i+o o- ;~y Y i='
; a~ d F1o~ ~ '
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My Connnission F~ires: ~r''~ ~ lic
z ~OQK 'kty.k:.s:~..'
° ~ 674 PAGE 686 ~ ~
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