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01-23061987/Port St. Lucie Lanes ~
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MORTGAGE JOINDER AGREEMENT
WHEREAS, PORT ST. LUCIE LANES, INC., a Florida corporation,
did on September 20, 1979, make, execute and deliver a certain
mortgage deed to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE, a corporation organized. and existing under the laws
of the United States of America, which mortgage was recorded in
O. R. Book 318, page 1593 of the public records of St. Lucie
County, Florida, and which mortgage deed encumbered real property
in St. Lucie County, Florida, described as follows:
Lot 2, Block 3, MODEL LAND COMPANY SUBDIVISION of
Section 15, Township 36 South, Range 40 East, according
to the plat thereof recorded in Plat Book 1, page 41,
public records of St. Lucie County, Florida, LESS AND
EXCEPTING THEREFROM, the idorth 100 feet.
AND LESS ALSO the East 333 feet of the South 179 feet of
the North 279 feet;
AND LESS ALSO the East 333 feet of the South 189 feet.
as security for an original principal debt of $150,000.00,
evidenced by a promissory note, which promissory note was more
particularly described in said mortgage deed; and
WHEREAS, it has been determined that a small 10-foot
strip of the mortgaged premises, described as £viic~w5:
The East 333 feet of the North 10 feet of the South
199 feet of Lot 2, Block 2, MODEL LAND COMPANY
SUBDIVISION of Section 15, Township 36 South, Range
40 East, according to the plat thereof recorded in
Plat Book 1, page 41, of the public records of St.
Lucie County, Florida
is owned by WILLIAM E. GOULD CONSTRUCTION, INC., a Florida
corporation, whose stock ownership and management is identical
with that of the named mortgagor, but that the mortgagee will
not disburse its mortgage loan unless and until the said 10-foot
strip, is subjected to the lien and operation of its said
mortgage.
NOW, THEREFORE, in consideration of the benefits to accrue
to the Mortgagor and its affiliate corporation by reason of the
closing of the proposed mortgage loan, and in the further
consideration of the sum of $10.00 by each party, to the other
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