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CONSEI~"1' TO ~t01) I 1~ I CAT IOI~ OF ~10R1'GAGL•
It~IiEREAS, ~lissian Gi-oves, Inc., a Flol-ida corpoi-ation, is
named as ~lortgagee in a real estate mortgage dated Scptember 7,
1963, and recorded on the same date in 0. R. Rook 70, Page 182 a.f
the Public Records of St. Lucie County, Floi•ida; and ~
WHEREAS, on Pecember 30, 1963, ~iission Groves, Inc. executed
an Assignment of I~loi•tgage and rote as Collateral Securi*_y to Kansas
City Life Insurance Company, such Assign~ent being recorded Jant~ary 6,
1964 in 0. R. Book 78, Pages 396-393 of the Public Records of St.
Lucie County, Florida; and
j~'IiEREAS, 0. R. ;linton and Shirley Ann rtinton, d/b/a Indianola
Groves, are purchasing fi•om Carl V. Rice, tlie present o~ti~ner thereof,
the real estate described in such Atortgage and Assignment, to-wit:
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• East 1/2 of the roi-theast 1J4 of Secti~n 27, ~
To~,nship 34 South, Range 39 East. Less right '
of ~~ray f~r di•ainage canal and public road,
; and the purchaser and ~iortgagee propose to modity the terms of such
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~ mortgage in the follo~lin~ particulars:
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~ _ The unpaid prineipal balance of ~j175,000.00 due ~tission Groves,
~ Inc, secured by such Aiortgage s}iall be payable in eight (8) equal
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anntial ins:tallments which shall include both principal and interest ~
at the rate of six (6) per cent per annum. The first payment shall
be due one. yeai• from the date of closing the purchase of the real ~
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~ estate by 0. R. ~1i~iton and Shirlev Ann ~linton and on the same date
~ of each year th Mission ' and
~ W~IERF.AS, Gro~~es, Inc. has requested hansas City Life ~
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~ Insui•ance Company to consent to the proposed modification of the ~
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~ l~tortgage .
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~ NO~V, THEREFORE, Kansas City I.ifie Insurance Company hereby
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~ consents to the proposed modification as above stated. This con- "
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~ ~sent shall not in any ~,*a}~ impair or limit the obligation of Aiission ~
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