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HomeMy WebLinkAbout0507 • f ~ ~ a~+~~'.~,~i ~ ~ ~ 1 EXTENSION AGRFEI~iENT ! THIS AGREEMENT. made the 6th day of oct. 1975 . between the SUN BANK OF ST. LUCIB OOUNTY. A Florida Banking Corporation, party of the first parc. and scott-Jdhnson~ ~nc. A Florida Corporation. party of the second part; ~ . ~ WITNESSETH, WHEREAS, the said party of the second part executed a . , certain promissory note dated . whereby they promised to pay to the SUN BANK OF~<~T . LU~ O , party of the $rst part. on order the sum of ~enty-fiye-thoysand-five-hundred-eiqhtv-and-no/100---- the $rst payment coming due _l8~ri1 4, 1,~75 Interest at 8~$ . WHEREAS. the parties of the second part executed tv the party of the first part. to secure the above mentioned note. a mortgage on the following described premises,. tO~~~' Lot 5, Block 80 I~At~100D PARK, UNIT 7, according to the plat thereof as recorded in plat book 11, page 13, of the public records ~of St Lucie Oounty, Florida. [rbrtgage recorded April 4, 19?4 in O. R. Book 225, pages _ ~ 2383. 2384, 2385 in the Public Records of St. Lucie County, Florida. ~ ~ _ ~~s~, 1 ~3~~_ ~n U~ U~' GC/ ~~_~f ~ ~ D ~ . ~ ~ - ' , . ~ =-:s ~ = ~ ~ . V i =3 v •~,y i E AND WHEREAS, the said party of the first part is now the holder of said note and i f mortgage and the said parties of the second part are now the owners of the said ~ mortgaged premises, € , ~ NOW THEREFORE, the said parties hereto, for themselves and their assigns. ~ hereby mutuaUy agree that the time for the payment uf the unpaid balance ~ of $ 25.580.00 due on said note be, and the same is hereby extended g ~ to be paid in the following manner: ° ~ ~ a $25,580.00 plus interest from October 4, 1975 to January 4, 1976. Interst ~ rate is 9~~. ~ ~ 6 > It being expressly understood and agreed that the said Mortgage shall remain in ~ full force and effect in all respects as if the said payments had ~riginally been paid ~ as provided for in the original note, and ihat nothing herein shall effect or impair ' any rights and powers which the said party of the first part may have thereunder for ? the recovery of -~~e g~d Mortgage Debt with interest in the case of non-fulfillment ; of this agreement. ~ 1 ~ ~ ~ ~ ~ ~~a~~~z~ ~~E ~os ~ ~ a - ~ _ ~ ~ ~ „i~ ; _ :...-e ~ v ~ .~~s~~ ~ r _ ~ • ~.~",~~-a.?' . ~ .