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~ MUUIFICA'I'lON AGR~~MENT ~
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TNIS AGR~EMENT made ttiir~~dsy ot September. 1970.
by et~d between 1N'I'ERS'TATE HIGHWAY tNV ~S7'M~NT C70RF~OR~T10N.
the ownet ot ttiat certain pra~perty deecribed in d~t cactain insrxumeat
dated ~une 21, 1968, contained in O. R. Booic 172 ac P~ge 222? oi the PUblic
Recorde oi St,. Lucie Caunty, Flarida, ~nd CHARLES F, WALKERi-tne
holder af the mortgage and note deecrfbed ebove: ~
WITNESSETH ~
'Ibat the said parties do hereby each for bimself, hie heirs, ~
executc~rs, administrators, succeseors or assigne do mutually agree tbst tfie
terms ot said mortga~ge shall be aiudified as follows.
~ Na~?ichscanding che cerm$ and provisions af that certain mortgage
dated june 21, 1968, contaiaed in O. R. 8oolc 172 at Page 2227 of the Pub~ic " -
Records of S~ Lucie County, Florida, a persoa, who has purdiaeed a sub- ~
divided p~o~tian ot the.eucumbered property from the mortgagor, its
successors or aasigns, shall aeverthelesa be entitled w a full relesee by
~ the mc~rtgagee, his successors or assigns, ~rom the lieo and effect of
~ said mortgage upo?n ~the eole and express canditiou dist such purchaeor
has paid tor the subdivided property a minimum of Twelve Hundred (;1, ZQO. 0p) .
Dollars per acre, his purchaee contract is paid ia full, aad tbe martgagee
has received from the mortgagor, its Buccesears or assigna, or from .
such purcbaeor, tbe sum ot Eight Hundred (;800. 00) Dollars per acre. All ~
pa~ments credited to princfple made by die mortg~gor, its succes~ors or
- assigns, upon the mortgage aad note eecured bereby, ehsll apply taward
any Buch releaee and the mortga~ee, it~ succeseors or assigns, h~reby
cove~ants to execute any such releases wben pre,~ented by the mortgagor ~
ar such purcfiaeors.
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