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EXTENSION AGREE~'NENT
THIS AGREE.I~iENT. made the 13th day of May, 1976 , between the SUN SANK
OF ST. LUCIE COUNTY, A Flcrida Bankirig Corporation, party of the Srst part, and
.TncgFh F anA nnrnth~,~yL Kl nctcarman! hi x mi f4s . PaY'ties of the second part; '
WITNESSETH . WHEREAS , the said parties of the second ~art ~acecuted a certain ~
promissory riote dated ~c. 26, 1975 ~ whereby they promised to pay tc~ the ~
SUN BANK OF ST . LUCIE OOUNTY. party af the first part. u~ order the sum of
^ixtF+Pn an~j __a_~.,1~ nn l~rc - -
the first paymznt cominR due May 13, 1976 - ~
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Interest at 9$ ~
WHEREAS , the pa~ties of the second part executed to the party of the first part, to
secure the above mentioned note. a mortgage on the fc:llowing described premises,
~'~t~ Lot 14, Block 5 of Coral Cove Beach, Section One as per plat ~
thereof, recorded in plat book 11, paqes 30A and 3~ B of the Publice Records
of St. Lucie County, Florida.
AND .
Lot 17, Block 5 Coral Cove Beach, Section One, a subdivision according to the . ;
plat thereof recorded in plat book 11, pages 30 A and 30 B, Public Records of
St. Lucie County, Florida.
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Mortqage recorded in O. R. Book 247 pages 659, 660, 661 in the Public Records ~
of St. Lucie County, Florida on Dec. 31, 1975. ~
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~ ^AN~W~REAS, the said party cf the first part is now the holder of said note and
~ mert~age and the said parties of the second part are naw the owners of the said
~ mcrtgaged premises, :
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NOW THEREFOFtE. the said parties hereto. for themselves and their assigns, hereby s
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mutually agree that the time far the payment of the unpaid balance cf 516, 000. 00
~ due ~n said note be, and the same is hereby extended to be paid in the following manner: '
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~ $16,000.00 plus interest due August 13, 1976. ~
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~ It being expressly understuod and aRreed that the said Mortgage shall remain in '
K full force and effect in all respects as if the said payments had origin~.lly been ~
~ paid as provided for in the ori~inal note, and that nothing herein shall effect or '
~ impair any rights and powers which the said party of the first pzrt may have thereunder ~
~ for the recovery of the said ?.iertFage Debt with interest in the case of non-fulfillment ~
~ of this agreement . ~
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3 253 f.~~~ 6~5
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