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EXTENSION AGREEMENT `
THIS AGREEMENT, made the 31st day of August, 1979 ,between
the SUN BANK OF ST. LUCIE COUNTY, a Florida Banking Corporation,
party of the first part, and Vincent G. Newell, Jr. & Mildred C.Newell,
Parties of the second party wife
WITNESSETH, WHEREAS, the said parties of the second part executed
a certain promissory note dated August 26, 1974 , whereby
they promised to pay to the SUN BANK OF ST. LUCIE COUNTY, party
of the first part, on order the sum of
_ Thirty thousand and no/100 ($30,0
the first payment coming due September 1, 1975
Interest at 9~$
WHEREAS, the parties of the second part executed to the party of the
first part, to secure the above mentioned note, a mortgage on the
following described premises, to-wit:
More particularly described in that certain mortgage
deed recorded in O. R. Book 231, Page 1027 in the pub-
lic records of St. Lucie County, Florida.
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ANC WHEREAS, the said party of the first ~~art is now the holder of said
note and mortgage and the said parties of the second part are now the
owners of the said mortgaged premises,
NOh' THEREFORE, t~1e said parties hereto, for themselves and their assigns,
hereby mutsa112 ayree that the time for the payment of the unpaid
bayance of Twent one t ous_a_nd_ one hur~dred~ due on said note be,
and the sa~r~E is hereby ~5~'iYi in the following manner:
Principal and interest of $4,777.99 due and payable
Septenber 1, 1980.and every year thereafter until paid in full.
Boox315 P~E2597