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MODIFICATION AGREEMENT
~ THIS MODIFICATION AGREEMENT made and entered into this
~day of July, 1973, by and between KAY Ti~ 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, hereinafter referred to as Mortgaqee;
WITNESSETH:
WHEREAS, Mortgagee is the holder of two mortgaqes, to wit:
(1) That certain mortgage dated July 20, 1964
~ from Waqner Groves, Inc. to Florida National~
Bank at Orlando, recorded in Official Records
Book 94, Page 556, Public Records of St. Lucie
County, Florida, which mortqage secures a prom-
issory note of even date therewith ("Note #1"). .
(2) That certain mortgage dated June 8, 1973, from
Kay Two Grove, Limited to Connecticut General
Life Insurance Company, recorded in Official
Records Book 215, page 2556, Public Records
of St. Lucie County, Florida, which mortgaqe~
secures a promissory note of even date there-
with ("NOte #2").
AND P7HEREAS, said Kay Two Grove, Limited, is the fee title
owner of the property encumbered by both of the aforesaid mort-
gages; and
WHEREAS, the parties hereto have agreed to modify the terms
; and conditions of Note #2 in the manner hereinafter set forth;
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" NOW, THEREFORE, in consideration of the premises, the parties
~ hereto agree as follows:
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F 1. The last sentence in the first paragraph on page 1 of
Note #2 which reads as follows:
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"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 i
and including the first day of July, 1991, and i
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 includinq the first day of July, 1991,
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~ and on the first day of July, 1992, all unpaid ~
~ interest hereon shall be due and payable." ~
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2. The second sentence of the last paragraph on page 2 of
~ :~Iote #2 is deleted in its entirety and there is substituted
~ therefor the following:
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~ ?HIS IrySTRUMENT W~S~PAFED
~ er f'I~ rn~ s i< us r~ s
AN9 SHOJID BE RETUR~lED TO ~
ANDERSON ~ RUSH
~ AttornE?s d ! 2w
P. o. B~x 2ras ;
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i~~~~ ORlANDO. FLORiDA 32802
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