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EXTENSION ACREEI~tENT
THIS AGREEI~lENT. made the February 15, 1978 , between the SUN BANK
OF ST. LUCIE COUNTY. A Flcrida Baoking Corporatian. rarty oE the first part. and
Weztd-Mar Fstates. Ltd. , Parties of the seccnd part:
WITNESSETH. WHEREAS, the said parties of the sec~nd ~art executed ~ certain.
promissory note dated Au~ust I5. 1977 . whereby they prornised to pay tu the
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SUN BANK OF ST LUCIE OOUNTY, arty of thc Cirst part. unorder the se~m of
TWFNIY-FIVE Tl~USAI+ID ArID I~A/ 00------------------------
the first paytnent cor~ninR due Febn T_,LS~ ],978
Interest at 10 90 ~
WHEItEAS, the parties of the second part executed to the party of the first part. to
secure the above mentioned~ note, a mortgage on the fcllowing described ~remises.
to-wi t: ~
Lots S, 6 and 7, Sectian 1,~ DRI~3~nApD MAI~R S1JgDIVISION, as reoorded -
in Plat Bo~k 18, Page 6 of the Public Reoords of St. Lticie Coimty, Florida.
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AND WHEREAS. the said party cf the first part is now the holder of said note and
mert~age and the said parties of the secon~ part are now the owners of ihe said
mcrtgaged pr~mises, Mortgage recorded in O.R. Book 272 Page 1899 St. Lucie C.atmty
Public Recards
NOW THEREFORE, the saic~ ~arties hereto. for themselves and their assigns, hcreby ~
~ mutually agree that the time for the payment of the unpaid balance of
due on said note be, and the same is hereby extended to be paid in the fol owins manner:
' $25,000.00 plus interest chse Six Manths fran February 15, 1978 ~
Interest Rate at 10 %
It being expressly understood and a~reed that the said Mortga~e shall remain in
full force and effect in all respects as if the said payments had ori~ina~ly been
paid as provided for in the orifiinal note, and that nothing herein shall effect or
impair any ri~hts and Powers which the said party of the first nart may havc thereunder
fcr the recovery of the said titort~:age Debt with interest in the case of non-fulfillment
of this agreement .
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