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Exz~ENS1vN Acl~rc!~icrrr
THIS AGREEMENT, made the 2nd day of March 1979
between the SLjN BANK OF ST LUC1E COUNTY, A Florida Banking Corporation,
party of the first part, acid WEND-MAR E TATES L _
A Florida Corporation. party of the second part;
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~~~ITI\ES5ETH, 1VlIEREAS, -the said party of the second part executed a certain
promissory note dated August 31, 1978 ,whereby they promised c
to pay to the SUrd BAhK OF ST . LUCIE COUNTY . party of the first part, on
order the sum of Fifteen Thousand and no/100--------------------
' the first payment coming due Marr+h 7 _ 1979
Interest at 10 percent ~ ~
~4'HEREAS, the parties of the seco~id part executed to the party of tl~e first f
part, to secure the abo~•e mentioned note, a mortgage on the following
t
described premises, to-~~it: 3
Lot 14, Section One, DRIFTWOOD MANOR SUBDIVISION, according to the
Plat thereof as recorded in Plat Book 18, Page 6, Public Records of St.
Lucie County, Florida; AND
i
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The South 175 feet of the East 630 feet of Outlot 15 of WHITE CITY
SUBDIVISION, as per Plat thereof recorded in Plat Book 1, Page 23,
Public Records of St. Lucie County, Florida.
f
Mortgage recorded September 12, 1978 in OR Book 294, pages 269-271.
Z
AID j4HEREAS , the said party of the first part is new the holder of said cote
and mortgage and the said parties of the second part are nova the owners of
the said mortgaged premises,
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~ \'04~' Z'HEREFGRE. the said parties hereto, for themsel~~es acid their assi~ia,
hereby mutually agree that the time for the payment of the unpaid balance
of $ ~S,OOp.pp due on said note be, and the same is hereby x
extended to be paid iii the following manner: _
$15,000.00 with interest after March 1, 1979 at the rate of 10 per
cent-per annum until paid, due on the 1st day of September, 1979.
~ It being expressly understood and agreed that the said \rlortgage shall remain
~ in full force and effect in all respects and that nothing herein shall effect or
impair ~iiy rights acid powers which the saki party of the first part may have
therecnc:er. for the recover of the said I4iortgage Debt with interest iu the
y
case of i:oii-fulfillment of this agreement.
xi Bo~304 ~E1259