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?~~OltTt;AC~: ~~ID NO'1'C At~II~IdD.'~i(::dT
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301~~2.5 s
THIS AGREEMEI`JT, ~racl~ as ~t Decer~ber ~g' , 1974, by and b~tween ~
FI~;ST tJISCONSiN NATIONtiI, n^A;J(Z Ur :~tILWALtiiEE, a natf ona Z bankir ;
assuciation ~rr~:nized under the l.aws of the Uni t~d States ~Bar.k) , ~
SCHA?1C~Gi•~IER nr~'EL~JPI~I~,NT CORp. and SCHANDE? ~I^R CONST. , ~NC. ,~oth -
Wi~consin corpora tions (Borrower) ; an:i •
WHER~4S, Borrower is ow;le: oF certain rezl est~t~ lecated
at Hutchinson Isl~^nd, Stts~rt, Florida and Grantosa Boulevard Rnd IQOtti
Street, ~?au~ratosa, `.~?isconsin, ~he legal descriptien ot whi, h iQ
full.y set out on the at~~ched Fxhibi~s A and B; and the F;at~k ~s
prese~t cwner ar.3 he? der of Prc~~r~issory Notes ar.d real estaze ~~:ort^~res
~ecuring the pronerty d:~scribed in Cxhibits A and B more oarticuiariy
aescribed as follows: " '
A. a certai:t r~o~e bv Borrower (Schandz?sieier Development l:c~rp.)
to the Banlc.dated Septem~er ?8, 1973, ~r_ the original
princiFal amoun!- of $3,OOO,UO~.Oa sec~red by a;•~ortgage
of sa*.ne date c~n;~eyin~ a firs t Iien on t!-~e ~roperty
dESCribed in ~xnibit ~ which Mortgage -.r.~s recorde~
Decer,:E~; 20, 1973 in Of}icidl RECOrss, Bo~;~ 222 at
Page 241 oF the public records of ~t. Lu~ie C~unt~, -
Florida.
. B. A ceztain ~?ote mad2 b_y ~orrower. ($~h?r~~~~~~2r r~n~ ~~r_c.;
t0 ti 2 :at.ic a~r2~ )EC~~4~ , -
, ~9~~ ir. ~ne ori~ir.ai a~r~„n~-
$ cn r., ,
ef 2~,,,~~~3.,.~v sec~red ny a~tortgag~ o.~ ~~*~e dz~~, c~:
;T2yir,z
a thi_rd liea oa the property c~escrioe3 in E7hibit w~;ic~:
,
' Mort ~~A ~ ~
g"a- as r~cordeu ~~1January 30 , 1~75 in ~hQ Rzgister
; of Deeds G~f:_cE ~=or ??iilzcau~.ee County, W~scons~ n, ~ n
,
E ReeZ l~~e as Doc~.~nent \c?. 4_ 895085
I
' A~]D WHEREAS, ne rE~a_y~Ent hss ~per. made on the advances m~~e
o under the aforesaicl $3,O~C,UGO.OL i~o~e or the aforesaid $2~O,u00.00
~ ;io'r.e; and
~
~ r~F~F~1S, the gnnk and Borrower ha~~e mut~:ally agreed r_o
~ cross-collaterzlize ~he '~o~es aescriEed above in (a.) an~ (g,j
~ respectively, as ;~~::~L as ~hc Mo:t~a;es secur~ng said Not~~s as ~escribpd
a~ove in (A.) anu (3.) r~spectively, and accordin~ly said Notes and
~ Mortg~ges arE herPby amended as ~~llosys;
~
: A c~efa~:lt upc~n t:~a~ hct~. o_= ?o~-rc;~e•. g~r,t~
d•~scrib~d ii; , ~ ~bove s~a 17. ~~~r:st~ ti;te ~
deFault ~nder ~I~at Lv~t2 c~r Borrawer `c~ I3ank
z c~escrib~:i in (B. )~~~~Te, a;~d ~;d~fau"s.t ur.d~r
~ the ~ertr~s of th~_t riortgage described in (A. }
~
> abn~•e ~lia1Z c:~nsti ~ut~ a dNfaul ~ un~ez- C?~~L
k te~:r.s of thar i;r.r;:g,,~s;e descri b~d ; n ~
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