HomeMy WebLinkAbout1398
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~ ~i ` . w~ . CARLTGN G McCAIN
t P. O. Box 3779 ~
' Fort Pierce, Flor;da
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y~ r,oN~LIL1ATION, MoDl'~ICAfiION ANV EXTIIJS~ON AGRt~IItT
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TI~IS AGREI~~N~ made and eaitered into this ~~f/l da3'' of
!;1965, by and betxeen
CREST GR~VFS C0.
a Florida corporation, ;
o~ the City of F`t. °ierce, Count~r of St. Lucie,
' State of Florida;
party of the fir~ part.
~j and T~ PRCJDII~TIAL INSUt'2ANCE GC~ANX OF ~MEl~'LCA, a
corporation of ths State of Nex Jsraey; part~r
of the second g~rt. !
WITNESSETI-I, T~AT WHFREAS, THE PRUDII~ITI~L ~NSiJRAN~E C02'fPANY OF
~~AMERtCA, party of the second par~t is th~ atxner and ha~der of the ;
~ fQllo~ring notes ai~d mortgage~, to Wi.t : i
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1. A certa3n nota executad hy ARVI1aA GRflY~S C0. as Maker an~ ~
3' L. :I. KYNCATD, as Co-I~a,aker, dated May 11~ 1961., to THE PRUDII~ITIAL ~
ia lhSURANCE 003'g'ANY 0~' AME~CA, ia the o~ principal amount o~
$2~0,000, wh3.ch note is secured by a~rtgage dated May 11, 19~b1,
!~ezecuted bp said AftVIDA GROQFS, TN~, and recorded Ms~y 11, 1961 in ~
Otficial Aecord Boak 10, at pa,ge 5~t of the Publi.c R~ca~ds of St. ~
Lucie County, F'lar3.da, ~ud xhich aaia mortgage is ~ow a v~13d ~
i~irat L.eu on all t~at csrtain lot, pax~cel or piece of ]and ~,yi~
aad heing in the Couaty of St. Lu~ie, State of ~.orlda, mAre gar- ~
~~t3.c~ularly dsacrS.k?ed as follo~rs: i
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The I~'F~~ and the Sh~'~, of the N~~ and the Id[~4 of the i
S~ of Section 15, Tot~meh~.p 35 south, ~ang~ 3$ E~a~t~ ;
exce~pting therefrom a11 ri.ghts-of xay for drainag~ ;
canals and public roads. j
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i~ 2. A certain note, e~t9cnted bp Creat Groves, Ina. of even !
date her~wSth in the principal snm of ~167, ~00 paysble on densand, f
i!~-ch note is secured by a mortgage alacti ef eR~? date here~ith
;~and ciel3.vered s3multaneously here~ith and to be recorded in the ~
i; Office of the GLerk of the Circvit Caurt of St. Ln~.e ~unty, ~
!i Floric~a, ~hi.ch said moz~tgage is alsa a preseat v~lid liaxf upo~ j
~itr.e px~d.sea hereinbefox°a descri.bed, sub~ect only ta the 11sn ef ~
the mor~g~ge afareaaid, anci i
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;i WHEREAS, THE PR[JD~tT7AL INSIII~ANCE GCt~.ANY OF AXiERICA, the party ;
i~of the $ec~ad part, upon requ~st af the vndere3.g~eci, t~s agreed tv ;
~ithe turther can~olidatian and coardinati~on of said soortgagea a~ ~
as to ~orm a ein~le valid f'S.rst liea on the prea~sea thex~fn descx~3.bed, ;
arld to the ~tea~ion of the tiae~ oP gaym~ant of saicT nates and to the ;
;;moclifYcation of the terms thereof. ;
I
NCW, THEREE'OR~, ~IIS TN7]~ENTURE WI`T`NESSETHs That tl~e underei.gned, '
;!for and in c~aaidsration of the agreement of TAE PRUDII33ZAL INSIIRAN~E j
CC7MPAAI~~1Y OF AMEFQCA, the partg of the eecand part, to it~rther co¢iaolidat~
~~~d eoorc33.n,ate ~aid morGgage~ as aforesaid and to ~odifsr and ertenci the~
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'j terma af $a3.d nc>tes a~ aforesa3.d, and in ft~rther conBi.deration of th~e
i'; smn o~ T`g+T I)OLLARS and other valnable consicleration.s to e~ach of the ;
'iunder~igned paid by the aaid party of the aecoad part at or b~.fore the '
j{ eaee~ling aad dellverr~ o~' these preseuts, th.e rec~pt trhareot' ia hexeby~
ackno~ledged, dro heret~y ccrvsnant and agree to and ~i.t1a sai~l p~rty ~f ~
the secand part as follotaa : ~
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