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Prep~at:ed by: Lynn Schorb Rieturn to: Sally Co~bs
Mercedes H~mes, Ir~c. Florida Federal Savirqs Bank
1940 SE Port St. Iucie Blvd. Post Offioe Box 361845
Fbrt St. v~cie, Florida 34952 Melbaurne, Florida 32936-1845
I~'It~R`IGAIGE SPRF~ADII2 A~RF~
• 'I~IIS AGRF.FSffN~, executed as of the 21 day of Deceaber ~ lg 89 ~~~~~„n
t~D~S HOM~.'S, INC. ,(hereinafter refeY~ed to as "Borrawer") in favor of FIARILIA F~L
SAVINGS BANK f/kja FIARICIA FEDE~L SAVINGS AND Il.~1N ASSOCIATION, (hereinafter referred to
as "Lender").
W I T N E S S E T H:
~~1iE.REAS, Lender is the awner and holder of that certain m~rtgage cZated OctoLer 13,
1987, given by the Borrawer herein to the Le,nder in the origi.nal principal s~na of
$1,000,000.00, said mortqage beir~g reoorded in Official R~eoords Book 0653, Page 2186,
~zblic Records of St. Lucie County, Florida; ar~d as modified by a oertain FLiture Advanoe,
t•iortgage rtodification and Consolidation AqreemPalt in the principal swn of $3,750,000.00,
dated June l, 1988, reoorded in Official Records Book 0623, Page 0140, Public R~eoo~ds of
St. I~ucie County, Florida; and as fi.uther modified by a cert.ain FLiture Advano~, P~brt~gage
1•'fodification and Consolidation Aqreement in the princigal suta of $5, 000, 000.00, dated
,7une 1, 1989, recorded in Official Records Book 641, Page 1184, Public Ft~,oords of St.
Lx.icie Courity, Florida arr.~ -
j~F'AS, Lender is the awner and holder of one c~.rtain Pranissozy Note, (hereinafter
"t~ote"), executed by Borraaer herein in the total original principal swn of
$S,QQO,OQ0.00, which Note is sec~ired by the abave referenoed ~liture Advance, Mortqage
t~iodification and Consolidation Agreeme,nt thereto as set wt above; ar~d
t~f~s, Borraw~r and I~ender desire to spread the liens of the Future Advanoe,
t•fortgage Mcdification and Consolidation A~greement (hereinafter referred to as the "IAan
Doc~.nnent" ) ; ar~d
j~I~tE'.AS, Borrower promises to pay all s~m~s secured by the above refer~nced Inan
Doc~m~ent and perform ali of the cwenants and conditions in the original Loan Doc~m~ents
as modified herein.
PdoW, Z~P,EF~ORE, for and in consideration of the preqnises and for other good and
vdluai~le considerazions, the receipt of which is hereby ac,a~wledged, the Bortrower does
grant, bargain, sell, alien, remise, release, convey and vanfiYm unto the Lerxier the
property des_~ibed belar, arid Borrower does hereby agree that the lien, chaxge ar~d affect
I~ of the abave referenced Loan Doc~mient be and the same is here.b~y e~anded and spread so as
to enclunber and affect, in addition to the premises presexltly encwmbered and affected
{ thereby, the additional property more particularly described as follows:
~
~ Lot 24, Block 1654, POBT ST. LIICIE SECTIOP FIVE, according to ~
~ the plat thereof as recorded in Plat Boot 12, Pages 15A-through
15E of the Public 8ecords of St. Lucie County, Florida. ~J
~
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~ ToGEI~iF.R WI~4i all i~rwements nvw or hereafter located on the abwe described paroel
; ancl all and singular the tenements, hereditaments, a as specified in the Loan
R Doc~ent, to have and to hold unto the Lender, its sua:essors ar~d assigns, to its vwn
; praper use, benefit and behalf forever.
s
IN ~•TITNESS Wf~F, Borrawer has executed this Mort~gage Spreader Agre~mei~t as of the
day and year first set farth ~bave.
~ Signed, s~aled and delivered 2~DES FiOPg'.S, INC.
~ iri the prese.nce of :
" By:
' - . , 1'r~ f ('}~T~~T nc~ ~~n,N " '9O Jniti 23 A9 ~LU
_ _ . . . 1020610 8~
' Doc '!'ax $ "l;lerk of C::c:::. : ~r!
3 ~ . , t
Int~:vc$ 3y i~~- .
~ STATE OF FLARI[3A ; ~ 1; u k -
~ Cot?KI'Y OF ST`. UJCIE g ~ 0~ `'~y ~'.°.6. y- . -
~ Total _ _ , '
^;,l~ :
~ ~ •
~ The forega' ins t was ac}~wwl , J''nia 5~ day of ,
19~0 by ~~~'~4C~ , the . ` ~ ~ of MEE2CEDES , . ,
~ a Florida C ration, on beha~~~ corpora~ . ~ Q~;
` ; ~ ~r. ~ d Fb~lda at Ls~Q~ , ~ ' = ' - G ; -
1~ Ca~ • . .
' riy Co~nission ~cpires: ~ u' r . ~ f ~ ~ :
c Pub1iC Q R ~'3~~.
~ f~~`` ` Y ~ ~<.r
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