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MORTGAGE CONSOLIDATION AND
MODIFICATION AGREEMENT
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THIS AGREEMENT, made this da~ of 1974,
by and between CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION
OF ST. LUCIE COUNTY, a corporation organized and existing under
the laws of the United States of America, as party of the first
part, and hereinafter referrer3 to as "Association", and
GULF-ATLANTIC INVESTMSNTS OF FORT PIERCE, INC., a Florida
corporation, as party of the second part, hereinafter referred
to as "Gulf-Atlantic";
W I T N E S S E T H_
WI~REAS, Gulf-Atlantic is the owner of real property situate
in St. Lucie County, Florida, legally described as:
Beginning at the NW corner of the SW 1/4 of the SW 1/4 of
Section 15, Township 35 South, Range 40 East, run thence Easterly
along the South 1/4 - 1/4 Section line to a point on the East
right of way of Oleander Avenue (State Road S-605); therice
run South 00°26'26" East along the said East right of way
of Oleander Avenue 793.67 feet to a point; thence run South
89°42'43" East a distance of 260.02 feet to a point; thence
run North 24°42'32" West a distance of 123 feet to the point
of beginning; from said point of beginning continue North
24°42'37" West a distance of 120 feet to a point; thence run
North 65°17'23" East a distance of 154.01 feet; thence run
South 24°42'37" East a distance of 120 feet to a point; thence
run South 65°17'23" West a distance of 154.01 feet to the
point of beginning.
~ TOGETHER WITH a fifteen-foot easement for ingress and egress
~ lying Southerly and Westerly, respectively, and adjoining
~ the following described lines and as measured at right angles
to said lines:
Begin at a point on the East right of way of Oleander
Boulevard 400 feet North of the intersection of the East
right of way of Oleander Boulevard and the North right of
way of Virginia Avenue. From said point of beginning
run South 89°42'43" East a distance of 275.02 feet to a
point (terminus of Line No. 1). From said point (terminus
of Line No. 1) run North 24°42'32" West a distance of
123.0 feet to a point (terminus of Line No. 2).
WHEREAS, the above described real property was mortgaged
to Sun Bank of St. Lucie County, formerly St. Lucie County Bank,
by first mortgage deed dated February 23, 1973, recorded in
O.R. Book 211, page 914 of the public records of St. Lucie County,
Florida, and by second mortgage deed dated March 28, 1974,
recorded in O.R. Book 225, page 1392 of the public records of
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TN~•i INSTRUMENT PREPARED BY: FEE, PARKER & FEE, P.A.
Frank H. Fee, fll, Esquire, of ATTORNBYS AT LAW
Fee, Parker & Fee, P, f~. POST OFFICE BOX f000 U R`~`,~r
FORT PIERCE. RLORIDA 9S4d0 BOOK ~.r.r / PACf 1~27
First Federal Building TEL.tYMONt: (9Od1 461-9020
Fort Pierce, florid2 3345Q
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