HomeMy WebLinkAbout1856 .:t
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R tract of land lying in the Northeast Quarter of the Southwest
Quarter of Section 33, Township 34 South, Range 40 East, near Fort
Pierce, St. Lucie County, Florida,-beinc morE particularly describes
.as follows
For a point o_° reference, commence at the center of Section, of
saic~Section 3~, (Old Coquina kook) sail point beinc o:, the Eastezl;•
right-of-waS• IanE of a canal; thence South 88° 33' S4" lnc_t aloz,c_
the East-~?est cuartez sectio:, line 329.96 feet tc the PcaT., of
becir.nlnc; thence continue alone said East-kest quarter sectio:, line
ScuLi_ 8E` 33' S4" kest 786.6E feet to the Trortherl~• rlght-o.-r:a. i1nE
c` a caaai, (rain canal lateral 20), thence Soutt. 6F` 2°' 23"East
aion~ ti,E t:orti,erl~• right-o:-way linE o: sail canal 8E•4.1~ feet;
hence NartY: OC` 3. ' SE" itiest (parallel tc. the North-Saut1: cuarter
sectiot: line o_' sail Sectaor, 33) 364.4E feet tc~ the East-i:~-~t Quarter
sectio:, line o~ sags Sectio:. 3 anC the Point of becirr:lnc, contain,-
! ir.c x.25' acres n~ze o- less. -
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WHEREAS, Mortgagor and Mortgagee are desirous of modifying said Mortgage
to provide that the time for payment of the indebtedness secured thereby is
extended from March 31, 1980 to November 30, 1980.
NOW THEREFORE, in consideration of Mortgagee waiving its right to
foreclose on the Mortgage held by it because of the default by Mortgagor to
make payment when due in full on March 31, 1980, and in order to induce
Mortgagee to waive said default and extend the time of payment, Mortgagor
and Mortgagee agree as follows:
1. That the Mortgage by Mortgagor to Mortgagee, hereinabove described
as being recorded in official Record book 257 at page 2582, is hereby
modified to provide that the final date for payment of the indebtedness
secured by said Mortgage in the principal sum of 51,100,000.00, plus
accrued interest, is extended to November 30, 1980, and that the. note
evidencing said indebtedness, as so extended is dated of even date herewith,
and that said Mortgage secures payment of said indebtedness in accordance
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