HomeMy WebLinkAbout1730 ~ • ' S ~ ~~-27
U'•UlI
5/)2 IUQO ~
~.11 y
.~1}~rPP2tiPtlt. m~dc ~ e~~'?~ 1973 , between
KI~tCO FT. PIERCE, INC.,~a Florida corporation, having an office
at ~No. ?45 P~rk Avenue, New York, New York, 2`~2054
hereinafter + designated as the T~iortgagor and THE BO~VERY SAVINGS BAl\K, a
corpontion duly organized and ca?uting under and by virtue of the la~vs of the State of New Yor1c, having its
principal place of business at No. 110 East 42nd Street, Borough of 1lianhattan, City, County and SWte of Ne~v York, •
hereinatter designated as the Mortgagee. ~ ,
WITNESSETH: .
The parties; each in consideration of the respective reprtstntations, warranries, co~enants and agreenients of the other,
agree as follo~~
s :
In order to induce the Mortgagee to enter into thu agreement, the Mortgagor represents and warrants that the
Dtortgagor now owns in fee simple the entire premises covertd by the mortgage or mortgages hereu~after described,
which premiscs are located approximately 785 feet north of the northwest inter-
section of Virginia Avenue and U. S. Highway #1, Fort Pierce, County
of St. Lucie, Florida.
The ~fortgagee is the holder of the follocving mortgage or mort~ages, covering said premises, and the respecrive
bonds, nota or obligarions secured thereby:
1. By Kimco Ft. Pierce, Inc., ~
. as mortgagor,
~ The Bo~~ery Sa vings Bank, as mortgagec,
dated Jul,y 20, 1972 for the pa?~ment of ~ 630~000.00 , and recocdcdY~CX.IX`iK~EX~IC~t7~ifl
R~i'~17C~c~CXXXXXXXXXX~F~rXt~X~CXXYnE~'3f~~b3C~7C}CXXXXXXX~~C~14~}f~d'CXXXXX
XXXXXXXXXX~tX~58X~X~~fX on July 26, 1972, as Instrument No. 23~036 _
~ in 0. R. Book 204, Page 17111, in the County of St. Lucie, Florida,
upon t~hich note and mortgage there remains unpaid the principal sum ~
! of ~625,691.99 and the payment of which principal su!n the Mortgagee
s does hereby extend in the manner and upon the terms hereinafter set -
~ forth.
E .
1
2. By Kimco Ft. Pierce, Inc., as mortgagor, to The Bowery Savin~s
f
~ Bank, as mortgagee, dated February 1, 1973, for the payment of
~ ~1?0,000.00 with interest thereon at the rate in said note expressed,
~ to be recorded in the County of St. Lucie, Florida.
~
~
~
~
~
~
~
~
~
o}
F~
E.'4.
u~
~
~fc^
r
~ In t~ie event more than one mortgage be hereinbefore described, then (i) said mortgages are~hereby consolidatcd
and combined so that they will togethcr form a single lien on said premises for the full amount of the mortgaoe deht
and intemst as herein set forth, and (u) said mortgages and the bonds, noteS or obligations secured thereby shall be
~ treated, and arc hereinafter referred to, as if they were one obligarion and one mortgage, gi~en to secu~ the payment
~ of said mortgage debt and interest, and are hereinafter collectively referred to as "said obligation" and "said
mort~age".
~
~ -
~
aoax ` ` ` ~ua~r~
i~
~ •
~ .
~ _ _ ~r,~
~ - -
= :
~ - - - ~ n r--- - : _ ~a~