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1dODIFICATION AND ffi~BNSION AGRSS!ffi+1'~
TffiS AiGRBffi~NT, made aad entered into this 18th day of April 1967 by
and betWeen:
GBNSRAL DSVSIAR~NT QORPORATI~N, a Delavare corporation ~
authorized to transact businesa in the State of Florida,
(herein called f irst party) and
~B FIRST NATIO[IAI. BANK OF MIl~II, a n~atiatal banking
association (herein called eacond party); -
`iITNBSSBTH:
WHBRBAS, on Septaober 23, 1960 first party a~ade, executed and delivered
to second party its promiasory note in the amount of FOR1R THOUSAND ~ND NO/100
DOLIARS ($40,000.00), together with a mortgage of even date securing the same,
said mortgage being described as follawa:
Mortgage recorded i'~~~~`~ " ' Book 168, Page
387, of the public records of St. 7ucie County,
Florida, and covering the property therein 3escribed;
and
WSSREAS, on February 28, 1966 first and second pa~ties amended said
mortgage and note by a Nodification and Batension Agreement recorded in Official
Record Book 140, Page 251, of the public records of St. Lucie Covaty, Florida;
k ~d ~ -
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WHBRBAS, first.party has requested second party to extend the maturity
date for one year to March 1, 1958, and has agreed to make a principal payment of
$1,600.00; and _
WHBRBAS, both parties have agreed that the interest rate shall be inareased
to six and one-half per cent (6 1/2'~L) per annum effective March 1, 1967,
NOifi THSRSFORS, BB IT IQ10WN for aad in conaideration of the aum of TBN
DOLLARS ($10.00) each~to the other in hand paid and for other good and valuable
considerations, including the payment by firat party of $1,600.00 of principal,
it is mutually agreed bq aad betWeen the partiea hereto, for themselves, their
succ~'ssors and assigns, tbat the maturity date of the prv0isaory note and mortgage
dated September 23, 1960 as amended by agreement of February 28, 1966, shall be
eactended one year to March 1, 1968 and that effective Merch 1, 1967 the interest
on the unpaid principal balance s~?all be six and one-half ger cent (6 1/2X) per
annvm, payable montblq thereafter, vith theyfiual payment of principal and
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