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MODIFICATION AGRE~MENT
THIS MODIFICATION AGREEMENT made and entered into this
I 7~ day of July, 1973, by and between KAY TWO GROVE, LIMITED, ~
a
Florida limited partnership, hereinafter referred to as
Mortgaqor, and CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a ;
Connecticut corporation, having its principal place of business
at Bloomfield, Connecticut, hereir~after referred to as Mortgagee;
WITNESSETH: ?
WHEREAS, Mortgagee is the holder of two mortgages, to wit: ~
(1) That certain mortgage dated July 20, 1964 .
from Burton Smith Groves, Inc. to the
First National Bank at Orlando, recorded
in Official Records Boak 95, page 137,
Public Records of St. Lucie County, Florida, ;
which mortqage secures a promissory note i
of even date therewith ("Note #1").
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(2) That certain mortgage dated June 7, 1973, from i
Kay Two Grove, Limited to Connecticut General f
Life Insurance Company, recorded in Official ~
Records Book 215, page 2549, Public Records ~
of St. Lucie County, Florida, which mortgaqe ~
secures a promissory note of even date th~re- ~
with ( "Note # 2" . ~
f
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AND WHEREAS, said Kay Two Grove, Limited, is the fee title
owner of the property encumbered by both of the aforesaid mort-
gages; and ~
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j WHEREAS, the parties hereto have agreed to modify the terms '
i and conditions of Note #2 in the manner hereinafter set forth;
~ NOW, THEREFORE, in consideration of the pre~ises, the parties
hereto agree as follows:
~
~ 1. The last sentence in the-first paragraph on page 1 of ~
:~ote #2 which reads as follows: ~
3
"Znterest at the rate aforesaid on the swas from ~
time to time remaining unpaid, shall be due and
payable on the first day of July, 1973, and on
the first day of July of each year thereafter to
and including the first day of July, 1991, and
& on the first day of June, 1992, all unpaid in-
terest hereon shall be due and payable."
~ is changed and amended to read as follows: ~
~ "Interest at the rate aforesaid on the sums from
time to time remaining unpaid, shall be due and
~ payable on the first day of July, 1973, and on ;
~ the first day of July of each year thereafter
~ to and including the first day of July, 1991,
~ and on the first day of July, 1992, all unpaid
~ interest hereon shall be due and payable." ;
~ , i
2. The second sentence of the last paragraph on page 2 of '
~ Note #2 is deleted in its entirety and there is substituted
~ therefor the following:
THIS 1NSTR~l1ENT WAS P•'.~" '•;:J
- s~r m c s K- t~~ s ~-1
_ ANO SHOULD BE RETURNEO TO ~
ANDERSON P~ RUSH
~ ~ Attcmeys at ~~w
~ P. 0. BOX 2?38
~ ~A{'if~~~ ORLANDO. FLORIDA 3'd02
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