HomeMy WebLinkAbout0152 THI8 IS 11 HAI.I.OON MORTCAGF. IWD TtlF.
~~'1NAI. P7?YML`NT DUF. UPON ~tA'PUttITY I!: TNIS IttiSTRU~
~~~T ~~+:~y i'~ ~tliiti~i.~ ~ ~
5450.000. nu, ~~c~c ~ruf:ie wi~~u ncc~zuF:u ,
i~rr~n~s1~, 1 r~wY , awn n~.L AQVANCt:~u:r~TS KY QIXON tNO~h ~S. N i,~;~ ~.1~, t
NADE 8Y TIIF. MOItTGAGI:E UNUER TH6 TEltM& YVALOEN 411LI Y'~AL~~L'~~ ~
OF THIS MOlt7'GAGE. 7Hc DAZ~IA 6ANK BIHI_U~'< ~
i~~s 255 E.DANiA 6EACN 9CUi.EYt~.~iU, i t
DANIA, FLORIDA 3~GG4
MOUIFICATION ANp ~XTENSION AGRF.EMIENT AND MORTGAGE
TNIS MODIF2CATION JWD BXTENSION AGREEhlENT AND MORTGAGE made, entered into, executed
dnd delivered this ~ day of April, 1978, by~ between. and amonq
FLORISTS CLEN2ING NETNORK. INC., a Florida
corporation, ,
and
BUNING THE FLORIST, INC.. a Florida corporation,
, ~a
ARTHUR O. STONE and SHIRLEY STONE, husband and '
wife,
and
. THE DANIA BANK, a Florida banking corporation,
W I T N E S S E T A: '
- fiFlERB]~S, for the purposes and intents of this modification and extension agreement
~ and mcfrtgage, the parties hereto agree that abbreviated, shortened; or informal aords, phrases,
and references, as used herein, shall have the following meanings and definitions, unless
the context obviously.requires otherwise, to wit:
'note dated June 28, 1977':
~ 'note dated June 28, 1977" shall mean and refer to the certain note dated June
. 28, 1977, from Florists Clearing Network, Inc., a F2orida corporation, to The Dania
Bank, a Flori@a banking corporation. in the original principal sum of $600,000.00;
~ ,'guaranty of Arthur O. Stone ~and Shirley Stone":
~ •guaranty of Arthur O. Stone and Shirley Stone" shall mean and refer to the
certain joint,,and several guaranty dated June 28, 197'7, from Arthur O. Stone and
. Shirley Stoae, husband and wife, to The Dania Bank, a Florida banking corporation,
vhereby Arthur O. Stone and Shirley Stone, husband and wife, did'personally, jointly
• and severally, and absolutely guarantee to The Dania Bank payment of the full amount
of any and all Ioans, advances, acceptances, notes or other indebtedness or liabil-
. ities of Florists Clearing Network, Inc., a Florida cbrporation, owned, held, or
aequired by The Dania Bank in an unlimited dollar amount;
'guaranty of Buning The Florist, Inc.`:
"guaranty of Buninq The Florist, Inc." sha21 mean and refer to the certain
g~ ~ quaranty dated June 28, 1977, from Buning The Florist, Inc., a Florida corporation,
r°. $ h to The Dania Bank, a Florida banking corporation, Whereby Suning The Florist, inc.
Q a av~ did absolutely guarantee to The Dania Bank payment of the full amount of any and
all lbans, advareces, acceptanees, notes, or other indebtedness or liabilities of
~ Florists Clearing NetWOrk, Inc., a Florida corporation, owned, held or acquired by "
~ ~ ~ The Dania Bank in an unlimited dollar amount;
a ~
~ ~ ~ 'security agreement": _
~ g'; g~ "security agreement" shall n+ean and refer to the certain security agreement
c^~ dated June 28, 1977, between Florists Clearing Network, Inc., a Florida Corporati.on,
. . W I~1 as debtor, and The Dania Bank, a Florida banking corporation, as secured party, by
~ which Florists Clearing Network, Inc. granted_to The Dania Bank a security interest
v~ oc ~ !n all of the accounts receivable of Florists Clearinq Netwrok, Inc.;
v: V
~ ~ ~ ~ "financfng statement":
~ :
~ Q s U `financing statement• shall mean and refer to the certain financing statement .
L.~ d ~ (form UCC-1) between Florists C2earinq NetWOrk, Inc., as debtor, and The Dania Bank, ~
~ o o ~ as secured party, recorded July 1, 1977, in Official Records Book 7095, page 153,
Pub2ic Records of iiroward County, Florida, under administrator's registry no. 77-140970, '
and filed on or about July 1, 1977, with Secretary of State, State of Florida, under
file no. 787134;
anc]
WHEttEAS, aa evidenca of thc loan made by Thc Dania Bank to Florists Clearing Network,
Inc. on or about June 28, 1977, in the oriqinal princiapl sum of $600,000.00, Florists
Clearing Network, Inc. made, executed, and deliveTed to The Dania Bank the note~dated June
2e, ~9»~ ena REYURN T0: ~ .
G~,`~ 285- ~i.: ~ ~4'~ -1- D~XON tHOMAS
L'~A! DEN and WALDEN
?_~5 EAST DANIA BEACH BOULEVARD
'?:~!:'A. FLORIOA 33C~J4
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