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MODIFICATION AGREEMENT
THIS MODIFICATION AGREEMENT made and entered into this 1
day of June 1973, by and between KAY TWO GROVE, L~ED
a Florida limited partnership, hereinafter referred to as Mortqagor,
and CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut cor-
poration, having its principal place of business at Bloomfie~d, -
Connecticut, hereinafter referred to as Mortqagee.
' WITNESSETH:
~~1fiEREAS, Mortgagee is the holder of the followinq four mortgaqe$;
(1) That certain mortgage from Burton Smith Groves, Inc. to
The First National Bank at Orlando, recorded in Official
~ Records Book 95, Page 137, Public Records of St. Lucie
County, Florida.
(2) That certain mortgage from Wagner Groves, Inc. to Florida
National Bank at Orlando, recorded in Official Records
Book 94, Page 556, Public Records of St. Lucie County,
Florida.
(3) That certain chattel mortgage from Burton Smith Groves,
Inc. to The First tJational Bank at Orlando, recorded in
Official Records Book 113, Page 428, Public Records of
- St. Lucie County, Florida.
(4) That certain chattel mortgage from Wagner Groves, Inc.
to Florida National-Bank at Orlando, recorded in Official
Records Book 113, Page 433, Public Records of St. Lucie
County, Florida.
AND WHEREAS, Mortgaqee is also the holder of two additional
mortgages given to it by Mortgagor, to-wit:
(S) That certain mortgage from Kay Two Grove, Limited
to Connecticut General Life Tnsurance Company,
recorded ur~der Clerk's No. 257853 , Public
Records of St. Lucie County, Florida.
(6) That certain mortgage from Kay Two Grove, Limited
to Connecticut General Life Insurance Company,
recorded under Clerk's No. 257854 , Public
Records of St. Lucie County, F ori a.
11ND t~1HEREAS, said Kay Two Grove, Limited is the fee title
owner of all of the property encumbered by all of said mortgages,
and
WHEREAS, the parties hereto wish to provide that a default
under any one of said mortgages, or the respective note secured
thereby, shall create a default under all of said mortgage, and
WHEREAS, Mortgagor and Mortgagee have aqreed to modify the
terms and conditions of said notes securing mortgages (1) and
(Z) as aforesaid in the manner hereinafter set forth;
:VOW, THEREFORE, in consideration of the premises the Mort-
gagor and Mortgagee hereby agree as fallows:
1. A default under any one of the aforesaid mortgages, or
under the respective notes secured thereby, shall constitute a
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gY James K. Rush
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