HomeMy WebLinkAbout0690 WHEREAS, the maturity date of the above described mortgage
and the promissory note secured thereby was extended to June 8,
1980 and the interest rate was increased to eleven and three-
quarters (11-3/4$) percent from June 8, 1979 by virtue of that
certain Modification Agreement between Mortgagors and Mortgagee
dated June 11, 1979 and recorded on June 12, 1979 in~Official
Record Book 310 at page 1322 of the Public Records of St. Lucie
County, Florida; and
WHEREAS, the above described land has been subdivided into
a residential subdivision known as Country Living Estates Sub-
division as per plat thereof recorded in Plat Book 18 at page
13 of the Public Records of St. Lucie County, Florida, the
dedication of which plat was joined in by Mortgagee; and
WHEREAS, Mortgagors are the present owners of all of the
lots in Country Living Estates Subdivision except for Lots 1,
7 and 10, Block A,and Lots 1, S, 6, 7, 8 and 11, Block B which
have been conveyed to third parties and which have been released
from the Lien and operation of the aforementioned mortgage;
and
WHEREAS, the parties hereto desire to modify the terms of
payment of the indebtedness evidenced by the aforementioned
promissory note of Mortgagors;
NOW, THEREFORE, in consideration of the premises and mutual
covenants hereinafter set forth, the parties hereto agree as
follows:
1. Mortgagors represent and warrant that they are the
owners of all of the lots in Country Living Estates Subdivision,
except for Lots 1, 7 and 10, Block A, and Lots~l, 5, 6, 7, 8 and
11, Block B which have previously been conveyed to third parties,
and that there are no liens or encumbrances against said lots
owned by Mortgagors other than the aforementioned mortgage and
real-estate taxes accruing subsequent to December 31, 1979.
BCaK P{IGGE
N[ILL GRIFFIN JlFFRI[s t LLOYD
CMARTEREO
P O BOIL 1270. iOgT PIEQCE. FLORIDA 33aS0 -TELEPHONE (705) 46~-0200