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THIS IS A BALLOON MORTGAGE EXTENSION
AGREEMENT AND THE FINAL PAYMENT OF -
THE BALANCE DUE UPON MATURITY IS
$296,-585.83, TOGETHER WITH-ACCRUED
INTEREST, IF ANY, AND ALL ADVANCE-
MENTS MADE BY THE MORTGAGEE UNDER
THE TERMS OF THIS MORTGAGE EXTENSION
AND MODIFICATION AGREEMENT.
' - MORTGAGE EXTENSION
AND
MODIFICATION AGREEMENT
.
THIS AGREEMENT made this 13 day of November, 1979,
between E. J. MINTON, hereinafter referred to as Maker, ST. LUCIE
PROPERTIES, INC., a Florida corporation, hereinafter referred to
as Endorser or Mortgagor, and FLORIDA BANK AT FORT PIERCE, a - ~
Florida corporation, with its principal place of business at 501
Orange Avenue, Fort Pierce, Florida, hereinafter referred to as
Mortgagee.
The parties recite and declare that:
(a) The Mortgagee is the holder of a certain note for the
payment of $350,000.00 made by the Maker and guaranteed by the
Endorser, dated the 27th day of October, 1973 and due on the 27th
day of October, 1979.
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(b) Said note is secured by a mortgage recorded in 0. R.
Book 297, page 1141, public records of St. Lucie County, Florida
which mortgage is now a first lien on the premises situated in
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St. Lucie County, Florida, described as follows:
Begin at the intersection of the East right of
way line of Jenkins Road and the South line of
said NW 1/4 of the NW 1/4 of SW 1/4, thence run
North aLang 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
v a point, thence Southwesterly on a line parallel
to the Southerly right of way line of Okeechobee
Road 215.24 feet to the point of beginning, all
being in Section 19, Township 35 South, Range 40
' East, St. Lucie County, Florida; LESS AND EXCEPTINI_:
THEREFROM all rights of way and/or easements for
public roads or drainage canals and any part thereof
~ owned in fee by the state, county or drainage dis-
trict and used for such purposes.
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This instrument prepared by:
J. MICHAEL BRENNAN Page One of Four
715 DELAWARE AVENUE a~~~~ pAG~i~~ i
FORT PIERCE, Fl 33450
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