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• EXTSNSI011 At3REBMSIlT,
iiI~AB, an September 2'Lt8 19 ?1
1rLORIDA BANK AT FORT PIBRCB
Bank - • - ~
hereina!'ter termed partyof the first part, loaned ~ t
;
Indianols (iroves a nershi
- Borra~rer . .
hereinaf'ter termed party oi tbe second psrt, tbe sus of
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SeventY-~ro Thousand and na(100------------- Do3lars
As evtdenced by promiaeory note of same dste, me~turing as follovs: Peyable in 9
ee~ed-annu~]. pa~arents ot =5s~6.64 each including 7_x iuterest, xith tirst payment
awe ?/1/72 and a balloon paymeat o~ #45,595•17 due on 1/1/77/ . .
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- and secured as follws : Secured t4r a mortgage deed dated 9I27/71, coveriag propert3r -
as ~escribed in tbe mo~tgage daed, record~ed in 0. R. Boak 196, st psge 38, in'~be
Public records .of St. Lucie Crnutty, Florids. ~
and as of the date of this Sxtensfoa Ag~reeme~, there is an ungaid principal balance
due of FortY-PYve ~housand FYve Hundred ltiriety-Five and 7/IDO Dollars.
HON, T~EtSFORE, at the request of the party of the second part aad in consid= _
eration of-$1-.00 paia by the perty of t~e second ~rt to the party o! the Plrst part
vho doea hereby eatend the amoun~s sad matwri.ty of.tbe pearmeats due on account of
principal aa iollovs: ~
~he regutar ~ent of a~;2~66 •6k dwe on 1/1/7? vill be pai.d upon signing .this estension
sgreement leavia6 a priacipal ba~.ance.of ~41,971.26; and this principat balsnce is -
" hereby extend~ed to be gaid in se~i-annnsl paprments of ~5,066.6k each iacluding 8~
intereat, witta the• lYrst pqyment on this extenaion dwe on 7/1/77 aad a like amowat
esch semd-sanual period ut~til paid in ftill. . -
and extends p~?ment and msturity of interest as follavs: Iaterest due ljl/7?' ~~rill ~
be paid upa~ signing tbis eztension agreement, and interest rna the be~lsnce will be
paid semci-annuslly as d~escribed above.
A1-1 other terms sad conditions of said loan or mortgage contained and of the
instr~ents coveriag the. collateral pledged, as hereby estead~ed,~ are to remsin in ~
full ~orce aad ef'Pect aad nothing herein coatained sball in ar~prv3se impair the _
security nov held ~or the said indebtedness. ~
Nothing herein contained sha71 be construed as a novation ari8 defsult _in sapr
of the terms and conditioa~s of said losa as hereby eatended, and/or in the teras of -
the iuatrum~tts - covering collateral pledged thereto, or in m4rtg~e~`L~in ed, andjor ~
ma
~ of this ~tension A~preemeat, wi.ll autbmatically me~ture th~ sai~
~~iY ~~a~~hereby
_ aad here~mder. - ``~d:'~~G i~'••,~`~~,~ :
? IT :~:~5 ,
. ~1ITNE.SS our hands and seals this Ij ` d~y oY Decemb~ w~ ~°~8~.' _ t
r:.~ :
- i :~3~~1,s~ ~ ;:a. ~`j~ ~
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- FLORIDA BAPK AT FORT ~~•;rT~'4~„~_:;.. , ~
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t : ~s . .~r~ ~ ~
By A ze ~nnature es ent
gy as i er
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iiitne INDIANO GRO a Partnership .
.i ~ r,.~.~.`. • ` - ( Sea1)
,
~ 0. R. Minton~ 8 p~rtner
~ • ? ( Ses1)
Shirl Aim Miuton, a partner -
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~~:V~ PA6f ~
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