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1100E11 ~OI1M~ ~iH P~I11M~6EA~CM. fLA. i3~A8
C~ C~nart Oo~t, St. ~~oiR Go~.
MODIFICATION OF MORTGAGE ~ .
THIS MODIFICATION OF MORTGACE, made ~nd entered into this _
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T-' day of Nwe~a~irer, 1978, by and between BAY COLONY OF STUART,
INC. herelnafter referrcd to as Mortgagor and FIRST FEDERAL SAVINGS ~ LOAN ~
ASSOCIATION OF FORT PIERCE, hereinafter referred to as "Mortgagee", and
~ :i-~c s:;ccessors and assigns of the parties hereto whe~esoever the context hereof
. requires or admits.
. WITNESSETH: .
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; WHEREAS, the Mortgagee is the owner and holder of a mortgage
~ upon parcels of land, more particulariy described therein, securing.a promissory
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note 3n the original emount of ~450,000.00, said mortgage being recorded in Official
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~ Record Book 431, page 1970, public records of Martin County, and Offiz;~: Record
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~ Book 277, page 334, public records of St. Lucie County; Florida; and _
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~ WHEREAS,the mortgagor under said mortgage desires to increase
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i the amount of the note from ;450, 000. 00 to 5700, 000 . 00; and
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~ WHE'REAS, the mortgagee is wi Iling to increase the amount of the
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; note from s450, 000. 00 to ;700, 000. 00.
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E ~ NOW, THEREFORE, for and in consideration of the premises and
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of.the muiual promises and undertakings hereinafter set forth, th~e parties hereto
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do agree with each other as follows:
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~ i 1. That the amount of the note, secured by the mortgage recorded
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~ ~ in Official Record Book 431, page 1970 publi~ records of Martin County, and
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~t Official Record Book 277, page 334, public records of St. Lucie County, Florida, :
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~ t Is hereby increased from s450,L~00.00 to ~740,000.00.
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~ 2. That the legal description of the property shown in the mortgage
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~ as described supra, except for three lots which have been released therefrom
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and the three tots presently being requested to be reteased, shail be described
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~ as foliows:~ N S AT oF ~LC3R~DA ~
~ DOCUMENTARY,
f?'~"~'~'M`~~y
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L. M. TAY R, LAWYEk - - -uiwt. _ `
S P.O. B X~ 4577 L M. TAYLOR. IAWYERS y' j ~
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C~'- o. aox Ias77, HORTN PAIM SEACM~ ilA. 3~406 • TEL. ~3051 845-6066 ~
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