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EXTi:NSIt~N AGREEkiENT !
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THIS EXTENSION AGREII~tENT, m~de and entiered into this , ~
i 26 day of January, 1966, by and between PHILLIPS, INC. ° f ~
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BUII.llEt~, a Florida corporation, h~ving iC~ principal. place oF ~ =
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~i business at 10128 Mer3.di,an Way, Palm Beach Gardens, FloridA, ~ ~
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~a~~y a~ ~t~~ i~.t-~i ~a~t h~r~inaft~L ~a1~~~ the ":~i~~~-~`d":~d:ai, ~..a ~
~~FIRST NATIONAL BANK IN PALM BEACH Palm Beach Florida, a national i
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i~banking association with its permanent post office address aC 255 ' '
~~South County Road, PaLm Beach, Florida, party of the second part i
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~~hereinafter called the "Mortgagee." ;
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~ [aHEREAS, On August 5, 1965, the Mortgagor executed and ~
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;~delivered to the Mortgagee, i.ts promissory note in the principal
'iamount ot Seventy-Five Thousand Dollars ($75,000.00} payable on
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~iJanuary 20, 196G; and
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ZdHEFZEAJ, the said indebtedness and all of rhe same was ~
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~~anci is ~ecured by a certain raortg~ge deed executed by the MorCgagori
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~~on December 14, I9b5, said mortgage deed conveying real estate in ~ ,
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~;~St. Lucie County, Florida, ancl being recorded i.n Official Recoxd ~ ~
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iBook 133, page 457 of the official records of St. Lucie County, ~ `
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Florida; and ~
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WH~REAS, in addition to saa.d real estate as security for #
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~~said loan, Mortgagor did further convey to Mortgagee the tangible ~
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~ ~~personal property ~.d~ntified in said mortgage hereto£or~ referred
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~to; and ~
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1 WHEREAS, no princiQal payments hav e been made upon the I
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jaforesaid indebtedness and the principal amount remains the same
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~with interest paid to January 20, 1966; and ~ ~
WHEREAS, the said indebtedness is now owned and held by
the Mortgagee and title to the real and personal property de~cribed
~in the aforesaid mortgage deed i.s now vested i,n the Mortgagor, :
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~sub~ect, however, to the afo~esaid mortgage deed; ~
- NOW THEREFORE in cons~.derati.on of the premises and of ~
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~tt~e agreement of the Mortgagee to extend the time for payment of
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l1ETUNN TO~
'Y~E! MdMBt3N, OUN3IER, YQ~KLEY, CRISER, & STEiNART , , ~ }t
fiflST NATIONAI BANK 6UI101;~G ~U~~ ~ . J• •
PAIM BERCH, flO~IDA . .
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