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Wl~RBAS~ said mortgagox has obtained :fzoa the Bank an additiona
loaa in the pxincipal amount of $4d~200.00 and has executed and
delivered to said Bank th~a said pxomissory n6te for the additional swoa
~ and executed a mortgage on the aame land descxibed in the said moxtgage
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of Septembex 24~ 1965 hereinabove referred to~ both ~ote and morLgage
bearing the date of August 23~ 1967~ said mortgage being recorded ia
the official xecords of St. Lucie County~ Florida uader Clerkts
~ Nwnber 9~4 2. ~ said additional note and moxtgage being hexei.n
~ a~ter referred to as thQ note of Au t 23 " 196 and th mo t e ?
gus , ? e x gag of
August 23~ 1967; and.
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( WE~RBAS~ the martgagor aad Bank desiYe to conaolidate the teras
of the mortgage notes of Septembex 24~ 1965 i.n the amount of $478~000.
and the moxt
gage note of August 23~ 1967 in the a?mount of $44,200.00
making a total after sa?id consolidation of $522,200.00 whi.ch said sum
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moxtgagor aad Bank agree to be 'the total amount due as of August 23~
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1967 with said notes being secuxed by mortgages hexei~nabove referxed }
to;and ~
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WI~RS~.S~ mortgagor actanowZedges that the total principal sums
~ ~ due under both notes is $522~200.00 as of August 23~ 1967 and that the
said sum has been loaned~ disbursed and advanced by the sai.d Bank to
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the mortgagor and the pa~rties do=hereby stipulate and agree that all ~
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pxi~ncipal payments have been deferred uati.l ~
and iaterest gay~eats due and payable under the terms of sai.d note date
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Septeabex 2~~ 1965 and sai.d note dated August 23~ 1967 have been made t~
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thQ date of thi.s instrument~ after cYediting alx of such intexest and
±
w
principal payments t+hexe rema3.ns unpai.d and evidenced by sasd notes and
secured b said moxt ;
y gages the princa.pal balance of $522,200.00 togethe~r
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w3.th interest thexeon at the xate set forth in said notes and mortgages
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and fxom and after this date; arid ~ `
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t WE~RSAS~ it has been agreed between the nortgagot and the Bank~:
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. the parties hereto~ tbat the"aforesaid pxomissozy~notes, indebtedness ~
and moYtgages shall be consolidated as to both debt and lien as herein•j
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aftex set foYth and are to be payable and subject to provisions as ~
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hereinafter set forth; ;
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NOW, THERE,FORE~ in consideration of $10.00 and otheY good and ~
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valuable considesations mutuall id b each of the ~
Y Pa y pa~cties hereto
to the other, the xeceipt of vrhic6 3.~ b Qach t hex to auckaow ~
Y P~ Y o ledg~d~
~ „2- 0 R
~K ~67 ~~2l~4 f ~
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