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MODIFICATION OF MORTGAGE DEED
This is a modification of a Mortgage Deed executed October
14, 1970,by and between OUTDOOR RESORTS OF AMERICA, INC., a
Tennessee Corporation, hereinafter called the "Mortgagor," and
CONTINENTAL MORTGAGE INVESTORS, a Massachusetts Business Trust,
hereinafter called the "Mortgagee."
WITNESSETH:
WHEREAS, Mortgagor has heretofore executed and delivered to
Mortgagee a certain Promissory Note dated October 14, 1970 in the
original principal sum of FIVE MILLION ONE HUNDRED THOUSAND AND
NO/100 DOLLARS ($5,100,000.00), and as security for the
indebtedness evidenced thereby executed and delivered to Mortgagee
a certain Mortgage Deed of even date with said Note, and
WHERE~IS, said Mortgage Deed has been recorded in the
Public Records of St. Lucie County, Florida on October 21, 1970,
in Official Records Book 187, Pages 2404 through and inclusive
2419, and
WHEREAS, Mortgagor has borrowed an additional ONE MILLION
ONE HUNDRED TWELVE THOUSAND THREE HUNDRED NINETY-TWO AND NO/100 ~
DOLLARS ($1,112,392.00) from Mortgagee and has signed a Promissory
Note of even date with this Modification to evidence said ad-
ditional indebtedness, and
:
WHEREAS, Mortgagor and Mortgagee have agreed to extend the ~
~ Mortgage Deed dated October 14, 1970, to secure said additional °
indebtedness. `
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~ NOW, THEREFORE, in consideration of the premises and other ~
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good and valuable consideration, receipt of which is hereby acknow- =
;
ledged, Mortgagor and Mortgagee agree that the Mortgage Deed is i
l
extended to secure the additional indebtedness of Mortgagor to
Mortgagee in the amount of $1,112,392.00 evidenced by a certain
This instrument prepared by:
WILLIAM N. LOBEL '
Gribben, Swann & Glass ~ ~
5915 Ponce de Leon Blvd.
Miami, Florida
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