HomeMy WebLinkAbout1449 - I
~ ' 15f ~ 11
APPORTIOI~II~NT ~1(3RE~NT ~
THI3 A(iRS~NT made this 27 day of April ~ 1967 b~twean
SLII~ G003S (iROW~R3 ~ INC. , i~l. THOl~lAS D~1VI3 ~ and PHILLIP S. TWOMBLY~ .
of Orlando ~ Florida, hereafter collectively called "first pazty~' ~
and SDi~IARD A. DOOLAN and M~RY P. DOOI,.~N ~ his wife ~ of Balboa, Cahal
Zone ~ hereafter called "second party" ~ and THE I~JTUAL LI1~S INSUR~ICT
CCI~IPANY Ol' NSi~I YORK~ a New York Corporation having its hom~ office
at 1740 Broadway~~New York~ New York~ h~reafter called "third party".
1~lI~RS~S ~ the third party is th~ oNner and holder "o~` a`ce'r= ~
tain Kortgage dated April 25, 1966 qiven bx SLIIS GOO~S GROWiRS~ IN~.' `
together with the Note in the principal amount of s40~000.00 aiade uy
first party in favor of third party which said l~iortgaqe was qiven to
secure, which principal sum remains entirely unpaid Nith interQSt at
the rate of 6-1/2~ per annum from Apr31,~25, 1966, said Ptortqage having
been duly recorded in Official Records Book 145~ page 344~ public
records of St. Lucie County, Florida on l~tay 12, 1966,. covering premises
located in St. I.ucie County, Florida, more particularly described in
said l~Iortqage; and~
WH~R~.S ~ SLUE GDOS~ GROi~TERS ~ INC. and second garty ~ the ou?ners
of portions of the premises secured by said I~iortgage having requested
the third party to apportion the principal swn secured by ~aid Note
and Kortgage so that the sum of 520,000.00 with interest at the rate
of 6-1/2~ from the date hereof shall be a lien on the premises herein-
after described as Tract A, and the swn of S20~OOO.QO with interest
at the rate of 6-3/4~ per annwa from the date hereof shall be a lien
on the property heseinafter described as Tract B; and, -
i~IHERSa.S, the third party has agreed to the requests urith the
understandinq that the obligation of the first party to pay the unpaid
principal balance of 540~000.00 and interest as provided herein.
NOW ~ THTRSFOR~ ~ TIiIS AGRESMTNT T~TITNFSSSTH ~ that the parties
hereto in consideration of the premises and the sum of One (51.00~
Dollar paid by each party to the other, the receipt ~rhereof is hereby
severally duly acknowledged~ and of the execution and delivesy of this
instrument~ hereby agree and declare that the principal swn secured by
said Note and 1rlortgaqe be apportioned so that the sum of 520~000.00
with interest thereon at the rate of 6-1/2~ per annua? from the date
hereof is and shall be payable by the first party as followst
r x principal payment of 51~180.00 on July l, 1970~ and a like
~ principal payment of 31,-180.00 on the first day of each July thereafter.
E ensuing~ together with interest payable annually on ea6h July lst
commencing July l, 1967 until July l, 1986~ ~hcn the final bal~.n.nce
then remaining of interest and principal shall be due and payaible; and
the said sum of 520,000:00 with interest thereon at the rate of 6-1/2~
per annwn from the date hereof is and shall be a lien on that portion
of the premises particularly described as followss
Traet A: The South 698 feet of Block l~ the ALAN WILSON
GROVE PLa1T~ as per plat thereof recorded in Plat Book l~~ page 50 of
the Public Records of St. Lucie County~ Florida.
The sum of 520~000.00 with interest thereon at the rate of
~ 6-3/4~ per annum from the date hereof is and shall be payable by the
second party as follows: A principal payment of 51,180.00 on July l,
1970 and a like principal payment of ~1,180.00 on the first day of
each July thereafter ensuing together with interest payable annually
~ on each-Jitly lst~ commencinq July l~ 1967 until July l, 1986~ when
the final balance then remaining shall be due and payable and the said
swa of S20~OOO.OU with interest thereon at the rate of 6-3/4~ per
annwn from date hereof.is and shall be a lien on that portion of th~
premises particularly described as followss
Tract Bt The North 660 feet of the 3outh 1358 feet of
_
a~K~f,6 ~~447 ~
~
'~s -•.=s~,c'-~ r;a,x, s - - ~ _ - - - ~ "~;L ~,;,s:=~~
~'s~ r ~`~aa.~'.`2~-~v ~"s~~
_ . ~7ffi'.~~3tas .,r , _