HomeMy WebLinkAbout1569 ~ ~ 4~'?8288 ~
EXTENSION AGREEMENT
T11I5 AGREEMENT, made the 27th day of November 1979 ,between
the $UN BANK OF ST. LUCIE COUNTY, a Florida Ban nq Corporation,
party of the first part, and WILLIAM H. MEYER, JR. & C RA J. MEYER,
Parties of the second part; s wife
WITNESSETH, WHEREAS, the said parties of the second part executed
a certain promissory note dated April 13, 1979 , whereby
they promised to pay to the SUN BANK OF ST. LUCIE COUNTY, party
• of the first part, on order the sum_ Of One Hundred Forty Thousand
and No/100-------- ($140,000.00)
the first payment coming due November 1, 1973
Interest at 10.25$
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:
Lot 8 of CANOE CREEK SUBDIVISION, according to the Plat thereof as
recorded in Plat Book 18, page 9 of the public records of St. Lucie
County, Florida, and also that parcel described as follows to-wit:
Beginning at the NE corner of Canoe Creek as recorded in Plat Book
18, page 9 of the public records of St. Lucie County, Florida,
thence run N 890 50' S6" E, to the East line of Lot 64, of WHITE
CITY SUBDIVISION, as recorded in Plat Book 1, page 23 of the public
records of St. Lucie County, Florida, thence meander in a Southerly
direction along the said East line of Lot 64, to a point 144.00
feet South of the Point o$, Beginning; thence run South 89° 50' S6"
West, to thegast line of said Canoe Creek; thence run N 00° 09' 38"
West along the said East line of Canoe Creek 144.00 feet to the
Point of Beginning; being subject to a 10 foot drainage easement
as recorded in O. R. Book 273, page 2257 of the public records of
St. Lucie County, Florida.
Mortgage recorded April 16, 1979 in O. R. Book 306 pages 2607,
2608, 2609, 2610 in the Public Records of St. Lucie County, Florida.
k
t:
AND WHEREAS, the said party of the first part 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,
NOW THEREFORE, the said parties hereto, for themselves and their assign
hereby mutually agree that the time for the payment of the unpaid
balance of $140,000.00 due on said note be,
and the same is hereby extended to be paid in the following manner:
Monthly installments to begin on May 1, 1980
aonK32i PAGE~~