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HomeMy WebLinkAbout2621 ~ This IqB~CUIIIt'ryL ~ af~ pre~ ` by John R. Williams. Atto. ~u~ JC 316 Pan Amcrican Auiiding West Palm i3each. Florida 33401 ~ I~IORTCaA(~E MODI FICATION 1RGRESl~I~Tl' wI~RBAS, on the 2ath _ day of _~anuarv ,1971, VSI~TrUR$ OUT IN AMBRICA AT ST. LUCIB, INC., a corporation organi~8d arsd existing under and by virtue of the lawa of the State of Florida, formerly known as H~LID~AY OUT IN AMSRICA AT INDIAN RIVSR, INC. a Florida corporation, made and executed a certain first mortgaqe and note to FIRST NATIONAL B~L~II( AND TRUST COMPANY OF RZVIERA BSACH, FLORIDA, a national banking corporation, with its permanent poat office adclress at 3700 Broadway, Riviera Beach, Florida, which mortgage covered lands described in aaid mortqaqe aituate in St. Lucie County, Florida, wherein said mortgaqe and note are I~ recorded in Official Record Book 171, at page 136, blic recorda P~ of St. Lucie County, Florida, and ! ~ i i whereas, the said parties to said mortqage have executed i an Agreement modifying the terms af the r~ote secured by said ~ f ~ mortqage, which Note MQdification reada and provides as follaws: ~ ~ For and in consideration of the mutual covenants contained in the foregoing note, the Maker thereof, V81~]TURE pUT Ip AI~+~RiCA AT ST. LDCIS, INC., a corporation organized and. I existing under and by virtue of the lawa of the State of Florida, formerly knawn as HQLIDiAY OUT IN AMBRICA AT INDIAN ' RIVSR, INC., a Florida corporation, the aforesaid chanqe ~ of name havinq been duly recorded in Official Record Book 188, ~ ~ paqe 2086, December 7, 1970, public records of St. Lucie i County, Florida, hereby mutually covenants and aqrees with ~ i the payee thereof, FIRST NATIONAL BAI~C AND TRIIST COMPANY OF _ t f RIVIERA BSACB, a national banking corporation, to modify, alter ~ and amend said note,,as said note pertaina to interest at the rate of seven per cent (796) per annum, and to provide for a ~ partial reZease clause as follawss i ~ i l. W~RBAS, a portion of the land encumbered by and ` ; described in said first mortqaqe, which first mortqage fa ~ recorded in Official Record Book 171, page 136,.public - ~ recorda St. Lucie County, qiven hv the Makers to secure i said note haa been replatted by plat recorded in plat Book 16, paqe 7, 7 A of the public records of St. Lucie County,Florida, which replat under the new corporate name of the maker of VS~~URS OUT IN A1~RICA AT 9T. LUCIE, INC., was•recorded pursuant to s Declaration of Condominium by 8aid corporation, which Declaration is recorded in Official Record Book 189 , ~ page 1677 , public recorde of St. Lucie County, Florida, and wBEREAS, the Maker, to facilitate the aale of Condominium lots or parcels pursuant to said Condoiainium and Replat is desiroua of obtaininq partfal releaees of the aforementioned first mortqage pursuant thereto, NO~W, TE~REFORE, it is mutually understood and aqr~~d by and between the said Maker and ths payee and first nartqaq~, FiRST NATIODiAL BA~( AND TRUST OOMPA~IY OF RZYIERA BEACH, a national bankinq corporation, that upon the sale of each lot or unit of ssid Condominium pursuant to.said replat, th~ payea-mortqaqee shall deliver,by auitable instrument, relea~ee of each auch lot or unit, in consideratfon of and for th~ pay~ssnt of the aum of $1,500.00 for •ach such lot os unit so released, and each such payment shall be agpli~d s~ ae~ain~t ~ RAVM J. SLAilK. JR.. ATTORN[Y, PAN AMERICAN BVILDINd, WEfT'A{..MI ~cACM. FLORIDA,~~~~~~ 1 • ~ti', : ~ ~ µ ~ .t~~~~~ s"al~~e;~~^=c-"~;~:~= : ~ ~ .