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FIRST *'IODIFICATION OF MORTGAGE
THIS MODIFICATION AGREEMENT made and entered into this_27th
day of September . 1973, by and between FLORIDA MAID CITRUS ~ORA-
TION, a Florida corporation (hereinafter referred to as Mortgagor),
and CONNECTICUT G~NERIIL LIFE INSURANCE COMPANY, a Connecticut corpor-
ation, (hereinafter referred to as Mortgagee).
~~ITNESSETH : ~
WHEREAS, Mortgagee is the holder of that certain mortgaqe
from Mortgagor dated April 5, 1966 and.recorded in Official Records
Book 142, Page 450, Public Records of St. Lucie County, Florida,
(Mortgage #1), and
WHEREAS, tiortgagee is also the holder of that certain mort-
gage dated Se tember 27 , 1973 and recorded on Se tember 27 ,
1973 under ere s i1o. 264575 of said public recor s, Mort-
gage #2), and
~
WHEREAS, I~iortgagor and Mortgagee have agreed to modify the
terms and conditions of Mortgage ~l, and the note secured thereby,
in the manner hereinafter set forth;
NOW, THEREFORE, in consideration of the premises the riortgagor
and Mortgagee hereby agree as follows:
1. A default under Mortgage #2, or under the note secureci
thereby, shall constitute a default under Mortgage ~l and the note
secured thereby. Upon the happening of any of said events the
whole indebtedness secured by +iortgage ~1 shall, at the option of
the Mortgagee, become due and payable without notice or demand and
Martgage ~1 may be foreclosed at once, anything contained therein
to the contrary notwithstanding.
2. Mortqage #1 and the note secured thereby shall be modified
by changing the words and figures "eight percent (8$)", wherever
they may appear, to read "twelve percent (12$)".
3. That all the property described in Mortgage $1 shall remain
in all respects subject to the lien, charge or encumbrance thereof,
and nothing herein contained or done pursuant hereto shall affect
or be construed to affect the lien, charge or encumbrance affected
by Mortgage ~1, or the priority thereof over ot~ier liens, charges,
encumbrances or conveyances. ~
4. No~withstanding anything herein to the contrary, this
; Agreement shall not affect or impair any representation in re-
' gard to and/or warranty of title heretofore made by the Mortgagor,
` all of which shall remain in force and inure to the benefit of
the Mortgagee and any insurer of the title to said property or
the lien of the mortgages thereon.
S. This Agreement shall be binding upon and shall inure to
the benefit of the successors and assigns of the parties hereto.
INiS ikSTRL'tlENi WAS PREPAREQ~ •
ex .,,~"9~~±Ea fC. l1
AND SHO~;L~ BE RETURNEQ TQ~ `
ANDERSON & RUSH .
Attorneys at lsy! •
~ P. 0. BOX 228$ '3.=- •ly,~~
' ~RlANDO, FLORIDq $280~ 1
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