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~i4D~FICATION AND 8~ffi~ISIQN AiGxE~1T -
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THIS AiGRBSI~NT, made and entered into this 18th day of April 196T, by
and between: .
Gffi~IBRAi. DBVBIAPl~NT CORPORdTION, a Delaware corporation
authorized to transact busine8s ia the State of Florida,
(herein`Zalled first partq), and
THB FIRST NATIONAL BANK 0~ ~L~II, a national banking
association (herein called second.-party);
NIIZIESS$TH:
W'H~BAS, on September 16, 1960 first parCy made, executed and delivered
ta second party ite promissory noze in the amount of ~18 HUNDRSD BIGHTSi THOUSAND
AND NO/100 DOI.I.ARS ($180,000.00) together With a mortgage of even date securing
the same, said mortgage be.'.ng described as follows:
Mortgage recorded i~r~~ " ' Book 168, Fage 165,
of the public records of St. Lucie County, Florida, and
covering the property therein described; and
~SAS, an February 28, 1966 first and second parties amended said
mortgage and note by a Modification and Sntension Agreement recorded in Official.
; Record Book 140, Page 249, of the public records of St. Lucie Countq, Flo;ida; and
WSSRBAS, first party hag~requested second partq to extend the maturity
date for one year to March 1, 1968; and has agreed to make a principal payment of
$7,200.00; and
i~THBRBA.S, both parties have agreed that the interest rate shall be
increased to sin and one-half per cent (6 1/2'~) per annum effective Marcb 1, 1967;
NOfi, 1~REFOBS, BB IT IQ10WN for and in consideration of the sum of TBN
DOLLARS ($10.00) each to the other in 6and paid and for other good and valuable
considerations, including the payment by first party of $7,200.00 of principal,
it is mutually agreed by and betveen the partie8 hereto, for themselves, their
successors and assigna, that the maturity date of the promissory note and mortgage
dated September 16, 1960 as amended by agreement of February 28, 1966, ahall be
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eactended one year to Karch 1, 1968, and that effective I~lerch 1, 1967 the interest
oa the vapaid principal balance shall be aia and one-half per cent (6 1/2'~G) per
annum, payable monthly thereafter, with the final paqment of principal and interest
due oa lsarch 1, 1968. -
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