HomeMy WebLinkAbout0938 month period. This prepayment privileqe ahall not be
operative until the loan funds have been fully diabursed.
fs hereby deleted in ita entirety and there is substituted
therefor the follawing:
"Privilege is reserved to exercise either one of the
follawing optiona:
1. To pay One T'housand Dollars ($1,000) or any
multiple thereof five (5) yeara from the date of this
note or on any interest-paying date thereafter, provided
such payment, plus required gayment dces not exceed one-
fifth (1/5) of the oriqinal principal amou~t of this
note in any twelve (12) month period. ~
2. To pay this note in full on the sixth anniversary
of this ~note or on an~ interest-pnying date thereafter
with the following prepaytaent fees on the outstanding
principal balance: .
A. Five percent (996) if paid before the aeventh
anniversary of this note;
B. Four percent (496~ if paid on or after the
seventh anniversary of tllis note and before
the eighth anniversary of thia note;
C. T'hree percent (396) if paid after the eiqhth
- anniversary of this note.
~
~ Only one of the above two options may be used on any one
° < pav date."
An ~ = .
W~ a,~ 2. The aforesaid mortgage is hereby amended by the addition
-p o
' z ° 1v ~ -
~ oo S thereto of a paragraph numbered 10 (which shall immediately follow
, -z ~ ~
~ ° ~ pa?ragraph 9 on page 3 of said mortgage) as follows:
i o
! ~ "10. After February 17, 1972, and upon written request,
f the mortgagee aqrees to release from the lien hereof the ~
~ follvwing descr3bed 48.57 acre tract:
[ i
~ From the Northeast corner of Section 6, Townahip
37 South, Range 38 Sast, located in St. Lucie
County, Florida, run South (?1° 08' 45" West along
~ the $ast line of said Section 6 a distance of ~
~ 2648.18 feet to a point of beginning in the East `
i
~ line of said Section 6; thence continue South #
~ O1° 08' 45" T~est along the B,ast line of said Section ~
~ 6 a distance of 1202.45 feet to a concrete monwaent ~
~ 2ocated on the East line of said Section 6; run ~
~ thence South 89° 22' 40" yieat 1759.69 feet to a
~ point; run thence North 00° 07' 44" East a di$tance
~ of 1202 feet to a point; run thence North 89° 22'
~ 40" Sast 1759.69 feet more or leas to the point
~ of beginning. Said parcel contair?ing 48.57 acres
~ more or leae. ~
~ ~
a
-2 - ~
,
i
~ ~o~~ ~ ~ ;
- - r ~ ~ ~~==-Y-~~- -
~G1~