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MORTGAGE EXTENSION AGREEMENT
THIS AGREEMENT, made this 20th day of February, 1-979
between ST. LUCIE PROPERTIES,INC~ a Florida corporation, of
Fort Pierce,-Florida, hereinafter referred to as the Mortgagor,.
and the FLORIDA BANK AT FORT PIERCE, a Florida banking corpora-
tion, with its principal place of business at Post Office Box
3469, Fort Pierce, Florida, hereinafter referred to as the
Mortgagee.
The parties recite and declare that:
(a) The Mortgagee is the holder of a certain note for
the payment of $140,000.00 made by the Mortgagor and dated the
10th day of September, 1968, and-due on the 20th day of February,
a 1979.
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- (b) Said note is secured by a mortgage recorded in O. R.
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w ~ Book 173 at Page 1494 of the Public Records of St. Lucie County,
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ro a=a' ~ Florida, as modified by supplemental mortgage deed recorded in
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w w 0. R. Book 173 at Page 1544 of the Public Records of St. Lucie
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~ ~ County, Flooida, and a mortgage modification agreement recorded
~ ~ a in 0. R. Book 174 at Page 2972 of the Public Records of St. Lucie
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~ ~ a County, Florida, and mortgage extension agreement recorded in
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~ 0 0. R. Book 2257 at Page 2911, which mortgage is now a first lien
H°~ on the premises situated in St. Lucie County, Florida, described
as follows:
Begin at the intersection of the East right-of-way line
of Jenkins Raad and the South line of the NW 1/4 of
the NW 1/4 of the SW 1/4 of Section 19, Township 35
South, Range 40 East, thence run North along said right-
of-way line 199.25 feet to the point of beginning, thence
continue North along said right-of-way line 215.24 feet
to the Southerly right-of-way line of Okeechobee Road,
thence Northeasterly along the Southerly right-of-way
line of Okeechobee Road 215.24 feet to a point, thence
South on a line parallel to the East right-of-way line
of Jenkins Road 215.24 feet to a point, thence South-
westerly on a line parallel to the southerly right-of-
way line of Okeechobee Road 215.24 feet to the point of
beginning.
(c) On said note and mortgage, there is now owing the sum
of $45,889.83, with interest at the rate of 6 3/4 per cent per~r
annum from the 20th day of February, 1979. '
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