HomeMy WebLinkAbout0779 • ~ ~
25~'725 ~
i
~
i
MORTGAGE MODIFICATION AGREEMENT ~
THIS AGREEMENT, made this ~ day of May, 1973, by and ~
between FIRST FEDERAL SAVINGS AND LOAN.ASSOCIATION OF FORT ;
PIERCE, a corporation organi2ed and existing under the laws of ~
~ the United States of America, as party of the first part, and
hereinafter referred to as "Association", and GULF-ATLANTIC
INVESTMENTS OF FORT PIERCE, INC., a Florida corporation, as
party of the second part, hereinafter referred to as "Gulf- `
Atlantic";
W I T N E S S E T H:
WHEREAS, Gulf-Atlantic did on February 18, 1972 make, ~
execute and deliver a certain first mortgage deed to Bjarne ~
Ursin, which mortgage was recorded in O.R. Book 199, page 2268
of the public records of St. Lucie County, Florida, and which
mortgage deed encumbered certain real property in St. Lucie
County, Florida, owned by Gulf-Atlantic, as more fully described
in said mortgage deed, as security for an original principal
debt of $252,373.90, evidenced by a promissory note, which
promissory note was set out in said mortgage deed; and
WHEREAS, the Association became the owner and holder of
record of said first mortgage above described and the promissory
note secured by the same by assignment of mortgage from Bjarne
Ursin dated September 22, 19~72, recorded in O.R. Book 247,
page 6I of the public records of St. Lucie County, Florida; and
WHEREAS, the Association partially released from the
lien of its first mortgage above described the real property
as more fully described. in that certain partial release of
moXtgage dated October 6, 1972, recarded under Clerk's File
No. 239404 in O.R. Book 207, page 62 of the public records of
St. Lucie County, Florida; and
WHEREAS, Gulf-Atlantic did on October 6, 197i make, _
execute and deliver a certain second mortgage deed to the
Association, securing a principal debt of $96,267.38,which
mortgage was recorded in O.R. Book 207, at page 65 of the
public records of St. Lucie County, Florida, and encumbered
the real property in St. Lucie County, Florida, more fuZly
described therein, consisting of all of the real property
formerly encumbered by the Association's first mortgage, less
and except the parcel partially released as aforesaid; and
VIHEREAS, Gulf-Atlantic and the Association did on-
October 6, 1972 make and execute a certain mortgage consolida-
` tion and modif ication agreement, which agreement was recorded
in O.R. Book 207, at page 67 of the public records of St. Lucie
G County, Florida, and which agreement was intended to consolidate ~
E the indebtednesses and merge the liens of the first and second ;
~ mortgages held by the Association; and
~
~ WI~REAS, the descriptions of the property set forth in
said partial release of mortgage, second mortgage and mortgage
~ consolidation and modification agreement are in error, and
f Gulf-Atlantic and the Association, as mortgagor and mortgagee ~
E respectively, have mutually agreed that said instruments should ~
be modified and amended so as to correct the errors in
descriptions;
NOW, THEREFORE, in consideration of the foregoing and
other good and valuable considerations and the mutual covenants
and promises herein made and the sum of One Dollar ($1.00) each
~
F THIS INSTRUMENT PREPARED BY:
; Frank H. Fee, III, Esquire~ of
' F~e, Parker & Fee, P_ A, o q~ ~ '
` First Federal Buildi~g FEE. PARKER ~ FEE. P.A. g~f~~ ,~1, ~',~,~E
~ ~
. ATTORNEYS AT LAW
~ Fo~t Pierce, florida 33450 POST OFFIGE BOX 1000 t
FORT PtERCE. FlOR10A 33450
F
~
%
: .
~ . ~ T . _ . _ ~ . ~-s.- . .
~,,,~.,y,~},: ~ . £ ~s
_ ,~,`,~y~ ~ ~ ~r ~
;;~q~~.
r
~'~r. ;i ~ t
TY~ ; .
. . ~ _ ` . "