HomeMy WebLinkAbout0877 ~
MODIFICATION AGREEMENT
THIS AGREEMENT made and executed thi~ day of[7~~.~ ,
1965, by and between BURTON SMITH GRCJVES, INC., a Florida corpora-
tion, hereinafter called the mortgagor, and THE FIRST NATIONAL BANK
AT ORLANDO, a corporation existing under the laws of the United
States of America, hereinaEter called the Mortgagee,
WI~'~1ESSETH : That ,
WHEREAS, the mortgagor executed and delivered to the mortgage~
a certain mortgage dated Jul.y 20, 1964, and recorded in Official
&ecords Book 95, Page 1.37, Public Records o~ St. Lucie County,
Florida, and
WHE~.F'.1~S, the parties hereto wish to add an additional para-
graph to said mortgage,
NOW , THERE~OFtE ,
_ In consic~eration of ~h~ prernises and of the sum of One Dollar
~($]..00) to eaeh of the parties hereta paid by the other party and
in consideration of tk~e several and mu~ual agre~ments herein
_"X ~ contained and for other good and valuable consideration, the
~ parties hereto do hereby covenant and agree as follaws:
~
r- ~ l. That there sha11 be added ~o said mortgage ir~unediat~ly
~ following paragraph numbered 9 on the third page of said mortgage
: ~ t~he following;
"10. Mortgagor agrees that none af the real property
encumbered by this mortgage shall be incorporated into a
drainage district under the laws of Florida without ~irst
obtaining the written consent of the Mortgagee."
2. The mortgagor coven~nts t3~at said mortgage as herein nodi-
fied is a first lien on the property described in said mortgage, as
Y,erein modified, that it is the vwner of sai3 proper~ty, and that
there are no other liens and encumbrances on said mortgaged prop~r~y,
except that certain mortgage recorded in ~f~ici~l Records Book 39,
Page 291, Fublic Recoxds of St. Lucie County, Flarida, which last
mentioned mortgage has been subordina~ed to the lien af tne first
above described mortgage and which subordination agreemen~ was
recorded in Official Records Book 94, Page 562, Public Records of
St, Lucie Caunty, Florida.
3. Nothing h~rein shall be cvnstrued fio modify sai~ mortgage
except as herein specifically provided.
~ 4. Nothinr~ herein shall b~ construed to zelease the mortgagor
from an~~ rab~.iga~ion ax liability und~x said moxte~~ge as herein
modified.
5. This agreeraent shall be binding upon the mortgagar and it5
successors and assigns and shall inure to the benefiti of said mort-~
gagee and its successors and assigns.
ZN WTTNESS «REOF ~he parties her~to have c~used these pzesents
to be signed by their duly authoxized officers and ~heir corporate
. ~r~l
_
- - -