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EXTENSION AGREEM~NT
THIS AGREEI~iENT. made the , between the SUN BANK
OF ST. LUCIE COUNTY, A Florida Batikin~ Corporation. party of the $rst part, and
, Parties of the second part;
WITNESSETH . WHEREAS . the said parties~af t~?e second part executed a certain_
promissory note datedNov. 20, 1967 , whereby they promised to pay to the
SUN BANK OF ST. LUCIE OOUNTY. ~arty of the first part, ur order the sum of _
One-hundred-and-no/100 and advances up to a total of $16,000.00 with the
the~ct payment coming due ~reg Years after date of said note,
final
Interest at 6~$
WHEREAS . the parties of the second part executed to the party of the first part, to
secure the above mentioned note, a mortgage on the following described premises.
to-wit: -
Lots 11 and 12 of Block 1 in LINCOLN PARK No. 1, a subdivision according ta
the plat thereof recorded in plat book 2 at page 5 of the public records of
St. Lucie County, Fla.
Mort a e recorded November 21, 1967 in O. R. Book 169,
9 4
~ Pages 527, 528, 529, 530 in the Public Records of St. Lucie Co., Florida.
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AND WHEREAS, the said party cf the first part is now the holder of said note and
j mortgage and the said parties of the second p~rt are now the owners of the said
~ mcrtgaged premises,
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~ NOW THEREFORE. the said ~arties hereto, for themselves and their assigns, hereby
~
t mutually agree that the time for the payment of the unpaid balance of
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~ plus other advances up to a total of $16,000.00 be and the same is hereby
? extended to be paid in full no later than November 20, 1978 with interest thereon
~ at the rate of 9$ per annwa payable quarterly. -
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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 originally been
} paid as provided for in the orifiinal note, and that nothing herein shall effect or
` impair any rights and ~owers which the ssid party of the Srst pZrt may have thereunder
~ for the recovery of the said iviertFage Debt with interest in the case of non-fulfillment
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~ of this agreement .
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