HomeMy WebLinkAbout0688 1020609
PrepGred by: ~b b Return to: Sa11y Caabg
I~~~es `~~es, Inc. Florida Federal Savir~gs Hank ~
1940 SE Pert St. Iucie Blvd. Pbst Offioe Box 361845
Pbrt St. Iucie, Florida 34952 Melbaurne, Florida 32936-1845
M~KPGAGE SPRFADE~t A~
~ ~IIS AG~2~, executed as of the 21 day of Deceaber , 1g89 ,}~,y ~},~~.,n ;
1•tEF2~EDES HON~S, INC. ,(hereinafter referred to as "Borrowe.r") in favor of FIARIOA F~AL '
SAVrIl1GS BANK f/]~/a FIf~RIOA FEDII~L SAt1INGS AND If,J~N ASSOCIATION, (hereinafter ref~rrec~ to
as "Lender").
W I T N E S S E T H:
W~tEAS, L~nder is the crwner and holder of that oertain m~rtgage dated October 13,
1987, given by the Bornower herein to the Lender in the original principal stun of
$1,000,000.00, said moYt~gage being recorded in Official R~eoords Book 0653, Page 2186,
Fublic Reoords of St. Iucie County, Florida; and as modified by a oertain FLtture Advanoe,
i•iortgage 2~'Iodification and Consolidation Agreement in the principal stun of $3, 750, 000.00,
dated June 1, 1988, reoorded in Official Reoords Book 0623, Page 0140, Public Revords of
st. Iucie County, Florida; and as further modified by a certain Ftiture Advance, l~brtr~age
i~iodification and Consolidation Agreeme.nt in the principal s~m~ of $5,000,000.00, dated
June 1, 1989, recorded in Official Reoord.s Book 641, Page 1184, Public R~eoords of St.
Lucie County, Florida ar~d
«~tE'AS, Lender is the c~wr~er and holder of one oertain Prvmissory Note, (hereinafter ~
"t7ote"), executed by Borrawer herein in the total original principal sumt of ~
$5,000,000.00, which Note is secured by the above referenced ~ture Advanoe, Morbgage
t•Iodification and Consolidation Agreement thereto as set out above; and -
WE~2EAS, BoYrawer and Lexider desire to spread the liens of the ~tzture Advanoe,
riortgage Mcdification ar~d Consolidation Agr+~ement (hereinafter referred to as the "Ioan .
Doc~ut~.r~t" ) ; and ;
W~HF~RE'.AS, Borrcxaer pramises to pay all swns secui~ed by the ~bove refererioe~d Laan
Documet~t and perform all of the cavenants and oonditions in the original Loan Doetunpnts
as modified herein. -
Nc~W, ~EFORE, for ar~d in consideration of the pre~mise~ ar~d for other good and ~
valuable considerazions, the receipt of which is hereby ac,a~vwledged, the Borraw~r does
grant, bargain, sell, alien, remise, release, oorrvey and vo~nfiYm unto the Ler~der the
property des~i.bed belaw, and Borrower does hereby agree that the lien, d~arge ar~d affect
f of the above referenced L~an Doc~mient be ar~d the same is hereby expanded and spread so as
f to er~m~ber and affect, in addition to the premises presently encuanbered and affected
~ thereby, the additional property more particularly descrik~ed as follaas:
R
; Lots 9 and 10, Bloct 2878, PORT ST. LIICIE SECTIOP FOBTY, according
~ to the plat thereof as recorded in Plat Boot 15, Pages 34 and 34A
~ through 34Y of the Public 8ecords of St. Lucie County, Florida.
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ToGETfiEFt j1ITH all i~rovements naw or hereafter located on the above describe~d parcel
~ and all ar~d singular the tenements, hereditaments, appurtenances as specified in the Loan
~ Docim~e.nt, to have and to hold unto the I~erider, its suocessors and assigns, to its vwn
~ proper use, benefit and behalf forever.
~ IN WI'INF~S Wf~tEOF, Borrr~wer has executed this Mort~gage Spreader Agree~zt as of the
~ day and year first set forth ~bave. 'y0 JAN 23 A 9:1 ~
~ Signed, sealed ar~d delivered N~tCED HOME.S INC. 1 ~ 2 0 6
~ in the resznce of : = i ~ : ~ : ~ . . ~ . .
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T'~`- Doc ias S~Cler~ ~~f :=c• it ;••r±
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lnc Ta~c g ~y
s STATE OF FIARILIA y(;let',~ ~
~ + ~ . ~ L.:t.~. . ~ ;
r Ct~JN'I'Y OF ST. IUCIE Total j
~ . _ , ; ~
~ 'I'he forego' ins t was ackixywl ~ day of ,
~ 19~~ by Gh ~L. , the ~ ' : Y of ~ES
. tis. . , - r ~C.~ .
~ a Florida ration, on behalf of the corporat . •
~ . .J~ ~ ~:~.G;
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Not~? P~+~
My Ccmnnission F~tpires: ff- ~ Public 0 A p
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