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MORTGAGE MODIFIGATION AGREEMENT
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THIS AGREEMENT made and entered into this ~Q day of January,
1965 by and between UNIVERSITY Bt~WL, INC., a Florida corporation,
hereafter called the ~~CORPORATE MORTGAGOR' and S'rANLEY PEAL
and MOLLIE PEAL, -his ~vife~ HAROLD VINEBE;RG and JOSEPHINE W.
VINEBERG, his wife, and ~'ETER DE ME'I' and LAURA DE MET, his wife,
hereafter collectively called the '~INDIVIDUAL MORTGAGORS," all of the ~
foregoing being hereafter collectively referred to as'~BOTH MORTGAGQRS,"
and CENTRAL BANK AND TRUST COMPANY, a Florida banking corpoe
xation~ hereafter ca].led the 'fMORTGAGEE. «
WITNESSETH;
WHEREAS, the MORTGAGEE is the owner and holder of a certain
Mortgage from the GORPORATE MORTGAGOR dated Decernber 9, 1963 and
recorded in Official Records Book 3940, at Page ~28~ of the Public Records
-r T~^-?^ r'^ z'~rr~~ _ o*±~..w;hnrina a»nrtinn nf thP fnlln :
~ ~ _ _ _ _ _ , _ ~ win~ land
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Tract 3 of Amended Plat of COI~4MERCIAL
LA,RHINS, as recorded in Plat Book 38, at
, F'age 5, of the Public Records af Dade i
~~~nfy~ F~nr3c3a~ an~7 ~
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;
WHEREA,S, the INDIVIDUAL MORTG.E~.GORS are this day executing s
and delivering to the MORTGAGEE, in consideration of this MOD~FICATTON '
• AG~tEEMENT, a Mortgage securing the same indebtedness as secured by
the Mortgage described in the preceding paragraph and encumbering the follow-
ing land in St. Lucie County, State of Florida:
. Lots 1 to 37 inclusive of the revised plat of ~
WATHINS & SMITHS SUBDIVISION, of Block ~
e~B~e~ of Richard & Andrews Re•Subdivision, t
as per plat thereof on file in Plat Book 4, at :
Page 105, of the Public Records of St. Lucie ~
County, Florida.
Excepting Therefrom, rights of way for public
roads~ and
WHEREAS the parties have agreed to the modification of the indebted-
i ness secured by the said t~vo Mortgages and of the Mortgages themselves as
hereinafter set forth.
NOW, THEREFORE, in consideratiorl af these presents, as well as
in consideration of the sum of TEN ($10.00) DOLIjARS ~nd other good and
valuabl.e considerations each to the other in hand paid, receipt of which is ~
hereby respectively acknowledged, and in consideration of the mutual bene-
fits to each of the parties hereto by virtue hereof, the parties hereto do hereby
mutually covenant and agree as follows:
1. The present principal balance of the indebtedness secured by the
~ two Mortgages described in the preamble to this Agreement is $80, 000. 00
and interest thereon has been'paid through the 9th day of December, 1964.
2. Interest on the balances from time to time outstanding shall continue
; to be payable quarter..annually, on the 9th day of each March, June, September
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I.AW OFfICLl, RAt.t.OT~ MAltKi~ L.UND[tN~ rOpt3LL ! F{Q~WICW, 1SO4-f4 AL~RRD i. ourONT •UILDIN3. MiAMi 3;. FLORIDA
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