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:~lORMr1~CE A:vD NOTh' AMh:~'D'ti~:N'I 3(~'~s
THIS AG~:i F..MEiTf made as of D~cen~bsr /y 1974 bv. an3 between
F'IRST i~'I~~_U.IS?~: ~:~TIO:~A~~B~A~1K OF '~IIL~~'.'1L".ZEE, a n~tional bankin~
associl;;z~n ~rg3:~ized under ~he l.aws oE the United S.tai:c~; (Gank) ,
SC~IAND :L:KEZ~R U~iJELvP;ik,'~T CORP. and SCHANDEL:iE~~R COIvST. , II3C, , L~oth
T~lisconsin coruor~•tions (Borrower) ; and '
WHER~.AS, Borro•aer is oc~nAr ef certain real estate locuted
at Hutchi~lson Isl.and, Stuart, Florid.~ and Grant~sa Boulevard an~ 100th .
Street, 4laucvatesa, S~isccnsin, the legal descripti~~n of whi~:h is
fu~ly set oi:t ~n thr attached ~xh:_bits A a: d B; and the Ban:c is
presen*_ oc,rr_er :~:?d :~clder of Promis ~ory Notes anc? real estate :~Ivrtga~e~
securir_g }he prop~. ~y described in E}:hibits r~ and B, more ~articL? arly
described as folt~ws;
A. A cer. taiii ~:ote by Berrcwer (Schandelmei.er Dzvelopmer.t Corp
tc~ the Ba*~k date~i Seprember 2$, 1973, i~ .*_1r.e ori~inal
princiaal am~u?:r ef $3,000,00~.0~ secsred by a Mortgage
of same 3ate ccnveying a first lien on the property
described in Esri.bit a whi~h Aiortgage was rec~rded
Decersber 20, 29;3 in ~fficial Recor~s, Book 222 at
Page 2!+1 af the p~ibLic -recards of St. Lucie County,
FZorida.
~ B. 9 c~rtai*.: :~ete ~aile b~ E~rro:~er (Schar.d~Z~eier Cer.st. ,
i:t(:.~ ::U ~1r5~ ti'::.SCOIISIII ~'iOra.~'c'1~~ Inveators ~i2vW l:'a1Ca~vTi uS
First [~isconc~ n M~rt~age Trust) , a i~assa~h=ssptts ~us~ n~~s
~ trust, date3 ,~~iay il, 1973, ia tne or~ginal amoua:: of
; $60U, (:~)l~ . L~ s~cured by a Murtoage of sa~~ d~te, ccnve~ir.g
~ a secozd lien o:i tne eroger*_y describee in Exhibit 3,
~ whir.h Mortgage was r~~orcied May 1!+, 1973, in the Rzgister
! of r~eeds O~f~~e for Milca~ukee Coun~J, GTisconsin in Reel 7? 9,
€ Imag•a 205? ~~cLme 10. ;99Q~ and a Modificat~on .
Mortga~e dat~d ~:ay 21, ia?3 an~ reLorded June 29, 1973 -
in tl:e said Register's Oifice ir Reel 730 at I~•age I85
~ as Docurnent i3o. 4:73006. Said :~ete. ;iortga~e and Nodif~ t:~r_~ on
~ rior_tgaQ~ were assiene~ ~,j First ~lisco~sin i~urtgag~ Tr~st
~ to First ?~is~onsin Natior.21 BanK ~f ~iilwaukee on De~e~ber %9 ,
~ 1974, sa~d ~s~ign*.*ient ~f the ~icrtgage and Modification ~1=:~rtgabe
~ being r~corded or. January.30 , 1975 in ~he Regis~ei cr
~ Deeds ~€fice tor Mi~a:ac~kee Counzy, Wisconsin, in ReeL ,
~ In•a~e as ~~cumen~ No. 4895087
~
~ AND WI;~2raG, no re~a~;~~~r.[ ha~ bePr, mac~e on t~ie a~iva^c^s ^:ac,e
~ uu~e~ r?e ufores~ i_d ~3,OCO,Q00.40 ?;ote ar the atoresaid Y600,~CQ.~'~
y ~lote; ~.i~
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~ :~E'sE~tr^.,e:5, ~he aan~: aiid Borroa,er have mutua~ ty' agreed r_o
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~ crnss-collat~"::: ~e r_h ~ N~`~s des~riE~~~ zhovP in (A. ) an~ ~B. )
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