HomeMy WebLinkAbout1487 i
_ ~X':'£NSIQI~ AGREEI~!~T 4 j~~
?!!IS INDBNTURE, made this Firet day of A~guer.. 1970, by and b~tween
LaSalle National Bank, a Nation~?1 Banking Asaociatloa~ the o~mer oE the
mortgage or trust deed hereinafter described~ and QMNUEL J. ANSEL end
GER?1tUDE M1S~!,, hi s wi fe, PAUi. H. LEFT!lAi~TN ~~d ?NBO H. LBFFNANN ~ hi • vi fe,
an~ nBRNAQD FRIEDI~NDER and ELSI~ FRI€DI.ANDER, hia wife. representing
himsetf or themselves t~ be the rnmer or avners c+f the reat eatatr herein-
after ~nd in said deed described ("Ovner"), WITNESSETH:
1. 'The parties hereby agrce to extend the time of payment of the
indebtc~tn~as evidenced by the principal promiaaory aote or notes of
F.MAiiUEL, J. ANSEL~ BERNARD FRIEDLANDER~ HARRY MARCUS, AND PAUL H. LEFFMANN,
dated Auguet 1~ 1964, securtd by a uwrtgage or truet deed in the nature of
a mortgage rec~rded August 24, 1964, in the office of the Recc-aac of St.
Lucie County, Florida in Bouk 96 of Records at page 565 thru 569 ae document
No. 128421 and re•recorded on August 25. 1964 in Book 97 of Records at pages
la7 thtu 111 as doc~~mcnt I~lo. 128501. atso, Lxteneion Agreene~t of said
*k~rtgage cecorded auguat 7~ 1969, in Book 179 of ttecorda at pages 652 thru
b53 as document No. 181571 conveying to LaSalle Nationul Bank certain rral
estace in St. lt~cie County, Florida deacrlbed as follovR:
Tracts One (2), '!tio (2) and ?hr~e (3) oE the -
Plst of United Grovea recorded in Ptet Book
l2 at pages 24A and 298, Public Records of
St. Lucie County, Florida~ all oE said realty
betng in Tovnship 34 South, Rang~ 38 East, St.
Lucie County, Florida, compriaing 116.45 acres,
more or leas. '
2. The amo~nt rea~ai~ing ~npaid on the ind~btedness is S54,Q00.~0
3. Said resaaining indebtednesa of $54,004.OQ shall be paid on or before
N~vember 1, 1974~ in payments aa follo~+a: ~3.000.00 plus interest on Auguat 1,
1470, and ihe balance of $51,000.00 payable in quarterly instalmerts of prin-
cipal and interest as follrn+s: Three Thousa~d Six Hundred Eightq One and 28J100
($3,68:.23) on November 1~ 1970 and a like sum quarterly thereafter on the first
daya of February. May. August. ard Nove~bec in each year until paid; except
that the total payment. if not auoner paid, shall be due on Plovember 1. 1974,
and t~e O~mer fn consideration of such extenaion promises and agrees to pay
the encire fndebtednesa secured by said awrtgage or trust dced as +snd rhen . ;
therein provided, as hereby ext~nded, and to pay intcreet on the Unpaid Prin-
cipal Balance, at ihe rate of Nine and ~ne half (9~x) per cent p~r annusm, at
i the offices of said Bank in Chicago, Iltinois or auch other placc as the ~
; holder ~f the note ~ay designate in vricing.
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3 4. If any part of said indebtedness or interest thereun bt not paid at
~ che ~curicy therzof as herein provided, ar ff default in the performance of -
~ any other covenant of the O~mer ahall continue for tventy daya aftcr vritten
~ notice thereof, the entire principa2 s~~ secared by said sactgage or trust
~ deed, tegether vith the then accrued interest t`ereoa~ shsll~ vithout notice,
~ . at the option of the holder ur holdera of said priacipat note or no[es, become
~ and be due and paysble, in the s~ manner as if said extension had not been
granted.
~ 5. 'This Agre~oent ia supple~entary to aaid mortgage or trust deed. All
the provisions thereof and of the principsl note ur notes, fncluding the right
to declare priacipal and accrued interest due for any cause specified ia said
~ a~ortgage or trust deed Qr notee shall remain in full force and effect except .
ts herein e~cpressly modi fied. The otimera ag~te to perfona all che covenant~
of the gtcantor or grantora in said sortgage or truat deed. 'ihe proviaiona of
~ this indenture ahall inure to the benefit of any holder of said primcipal
nate or note~ and intereat n~tea and sha11 bind the heira, personal represen-
~ tatives and asaigns of the Ovnera.
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