HomeMy WebLinkAbout0280 15~78~'
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- MODIFICATION AGRESMSNT
THIS AGR$EM$NT m~de and eatered into this 1 day of
~,~e{ 1967, by and between SILICOT$ SALES CO., INC., a Florida
corporation, hereinafter referred to as Mortqaqor, and CONNSCTZCtIT
GBNERAL LIFS INSORANCE COMPANY, a Connecticut corporation, exiatinq
nader the laws of the State of Connecticut, hereinafter referred
to as M~ortqagee.
wiTrrESS~Tx:
WHEREAS, Mortqaqee is the owner and holder of a promissory
note dated October 19, 1966, in the oriqinal principal amount
of FORTY-FIV$ THOUSAND DOLLARS ($45,000.00) executed and delfvered
by Mortqaqor to Mortgaqee, said note beinq secured by a certain
,
~eal estate mortgaqe dated October 19, 1966, and recorded October ~
27, 1966, in Official Records Book 157, Paqe 515; Public Records
of St. Lucie County, Florida, encum~ering the followinq described
ieal property located in ~t.-Lucie County, Florida, to-wit: ~
k
See $xli~~it "A" whi~h is attached '
. hereto and by this reference u~ade :
a part hereof.
AND WHERBAS, the date of_tezmination for the charqe of a certai.n ~
fee was inadvertently omitted on Paqe 1 of Sxhibit "A" a.ttached to ~
~ said mortqaqe arid it ia the desire of the parties hereto to correct ~
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this error, ~
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NOW, THBREFORE, in consideration of the premises hereof ;
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and the atutual oonvenants and aqreements contained herein, the ~
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partiee hereto hereby agree as follows: ~
l. The paraqraph on Page 1 of Exhibit "A" of the aforesaid ~j
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mortgaqe which reads as follows:
"This mortgaqe is given to secure the payment of not .
only the aforesaid promfssory note but also a fee of
1/2-0# 1$ per annu~a payable annually on each interest ~
payment date on aay amount of the above principal sum ~
not diebursed, aaid fee to be discontinued in any event ~
on , 1969, or on a date when the
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