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EXTENSION AGREEMENT - • t'
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THIS AGREE1~iENT. made the 2nd day of June 1975 , between the SUN BANK
OF ST. LUCIE COUNTY, A Flcrida Banking Carporation, party of the Srst part. and
George Siamas and Xeni Siamas, his wif~ P$rties of the second part:
WITNESSETH. WHEREAS. the said parties of the second part executed a certain
promissory note dated February 25, 1974 , whereby they promised to pay to the
SUN BANK OF 5T . LUCIE OOUNTY, party of thc first part, o~ order the $um of
Twenty Three Thousand Five Hundred and no/100------------------
the first payment cominR due April 20, 1974
Interest at 8'~$
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: ~
The East 75 feet of the West 190 feet of the South_
131.17 feet of the S~ of the NE~t of the SE~t of the NW~
of Section 21, Township 35 South, Range 40 East
Public REcords of St. Lucie County Florida.
, Mortqaqe recorded March 11, 1974 in O. R. Book 224,
, J Pages 2191, 2192, 2193, 2194 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
~ mertgage and the said parties of the second part are nduv the owners of the said
~ mcrtgaged premises,
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i NOW THEFtEFORE, the said parties hereto, for themselves and their assi~ns, hereby
~ mutually agree that the time for the payment af the unpaid balance of $21, 740. 92
~ due on said note be. and the same is hereby extended to be paid in the following manner:
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~ Interest to be paid only for a period of six months, payable monthly,
= and then resume regular payments on a monthly basis after this six
£ month p~riod.
It being expressly understuod and aqreed 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 ari~inal note, and that nothing herein shall effect or
t impair any rights and powers which the said party of the first part may have thereunder
for the recovery of the said I.iort~age Debt with interest in the case of non-fulfillment
~ of this agreement.
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