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- ~ ' ~5~~66 S!!M 6ANK 0~ ST. lUC1E COUNIY
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BXTBNSION AGRSEMBNT ~.~~A,` ~ ~ ~~i~,r~S____
111 ORANBE AYE~'iUE
• ~ ~ONf ltERCE. R9R~QA 33/50
TH28 ~?QRSSMSNT, mads the ,between
the 9UN B~NK OF ST. L~CIS COUNTY, a F or a Han nq Corpo=ation,
pdrty o! the firat part, a~d R. d~s $x~sae~R _
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Partie• of the second partt
WITNBSSBTN, NH$REA8, the said partiss of the second part executed ~
a certain pranissory note dated Feb 7 1979 , whereby -
- they promis~d to pay to the 8UN . LUC E COUNTY, party .
of the first part. on order ths ewn o!
FortY Thousand and No/100 Dollare-------- (540~000.00
the~ f irst paymenC coming due M~rch 10. x979
Interest at ios per unc?um
WHTiRBA3, the partiea of the second part executed to the party of the
first part, to secure the above mentioned note, a mortgaqe on the
following described premises, to-wits
~'rom ~he intersection of the West side of Totten Road as now laid out North of
State Road t8 (noW State R~oad 70) and the North line of the SW~C of Sw~i of
Section 17, Township 35 South, Ranqe 40 East, run thence South alonq said West
line a distance of 495 feet to a stalce= thence West parallel with the North line
_ of said SW~C of the SN} a distance of 70 feet to point of beqinningj thence con-
tinue West 178 feet to a atake= thence run ~outh parallel with said ~otten Road
a distance af 267.4 feet to the North sf.de of State Road ~8 (now State Road 70)s
thence run Easterly alonq said North line 178.7 feet to a atakej thence run
Northerly 230.1 feet to pofnt of beginning.
Exceptinq therefrom that part conveyed to the State of Florida by deed recorded
in Deed Book 240, paqe 519 of the Public Records of St. Lucie County, Florida.
~ Nortgage dated February 7, 1979, recorded on February 8, 1979 in O. R. Book 303,
I paqe 66 of the public records of St. Lucie County, Florida.
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~ AND WHBREAS, the 8aid party of the first part is now the holder of said
~ note and mortqage and the safd parties of the second part are now the
owners of ths safd mortgaged premiaes, .
~ NOW THERBFORB, the said parties hereto, for themselves and their assign
hereby ~uutuelly agree that the time for the payment of the unpaid
~ • balance of Fort Ttwusand ana No ~oo no due on said note be, .
~ and the same s here y exten e to e pa n the following manner:
Interest only shall be payable from dat~ of Note to June 10, 1979. Beqinning
~ 4 July 10, 1979 and on the lOth of each consecutive n~onth thereafter monthly payments _
in the amount of S429.85 shall be due and payablef payment to be applied first to
interest end balance to principnl ur?til June 10, 1989 when the entire principal
balance and interest shall be due and payable. ~
~ Interest rate is lOt annually. R
aou~ ~1~ Pac:296J