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MODIFICATION AGREEMENT
THIS AGREEMENT made this 1$th day of September, 1970, by and
between INTERSTATE HIGHWAY INVESTMENT CORPORATION, the owner of that
certain property described in that certain instrument dated June 21,
1968, contained in O. R. Book 172 at Page 2232 of the Public Records
of St. Lucie, Florida, and further described as the NW~ of the NW~
of Section 17, Township 34 South, Range 40 East, St. Lucie County,
Florida, and MITCHELL DOMIN, tt;e holder of the mortgage and note
k~~preset,Cin~ t?~e 't(` acres of ]and but doe~ ~;r; apl~ly tc~
described dboVe : 4he ei~;±it acr~~~ ui tiz 7~`~5 feet of ro~~,~ fror,Lal;e or~ r'e,~era ~
~i~!~way.
W I T N E S S E T H
That the said parties do hereby each for himself, his heirs,
executors, administrators, successors or assigns do mutually agree
that the terms of said mortgage shall be modified as fo2lows:
Notwithstanding the terms and provisions of that certain
mortgage dated June 21, 1968, contained in O. R. Book 172 at Page
2232 of the Public Records of St. Lucie County, Florida, a person,
who has purchased a sub-divided portion of the encumbered property
from the mortgagor. its successors or assigns, shall nevertheless
be entitled to a full release by the mortgagee, his successars or
assigns, from the lien and effect of said mortgage upon the sole and
express condition that such purchasor has paid for the subdivided
i
property a minimum of Twelv~e Hundred ($1,200.00) Dollars per acre, his ~
purchase contract is pa~d in full, and the mortgagee has received from s
the mortgagor, its successors or assigns, or from such purehasor, the
sum of Eight Hundred ($800.00) Dollars per acre. AI1 payments credited
to principle made by the mortgagor, its successors or assigY~s, upon the A
mortgage and r:ote secured hereby, shall apply toward any such release
and the mortgagee, its successors or assigns, hereby covenants to
execute any such releases when presented by the mortgagor or such
purchasors. {
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This Instrument iVas Prepared By:
Nerman T. Isis, Attorney at Law
P. O. Box 1727 ~
~ Coral 6aD1es, Fla. 33134
; eo~K 1~7 ~~LE 1513
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