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HomeMy WebLinkAbout1772 7~---- J ) ~ ~ ! ~ ~ ~E i ~ ~ ivi~RTiltiGE COivSOLIDATI~Iv r"~ivD EXTENSION AGREEMEN T THIS AGREEMENT made this 7th day of Februar,Y ~ 1966, by and bet~veen BEN AKRIDGE, EUGENE FULWOOD, WALTER LUNDY, DICK McMANIJS and OTIS SMITH as and constituting t~ie Board af Trustees of FAIRLAWN BAPTIST CHURCH, an unincorporated religious organizatioii of Fort Pierce, Florida, hereinafter referred to as OWNER, as party of the first part, and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, FLORIDA, a corporation, hereinafter referred to as ASSOCIATION, as party of the second part; WHEREAS, ASSOCIATION is the owner and holder of two certain mortgages executed by OWNER on real property situate in St. Lucie County, Florida, described as: Lots 1, 2, 3, 4, 21, 22, 23 and 24, of NEW SCHOOL SUBDIVISION, as p~r plat thereof on file in Plat Book 8, page 52, of the public records of St, Lucie County, Florida. which said mortgages and the indebtednesses thereby secured are ~ ~ ~ ! ~ respectively described as follows: ~ E ~ A first mortgage dated October 4, 1958, recorded in s Mortgage Book 1 9 , page 557 , St. Lucie County ! Florida records securing one note in the original sum of $26, 000. 00 and having a balance due thereon as of j this date in the amount of Kf, ~~l ~ ~ • 4 ~ A second mortgage beuig dated March 9, 1963, re- ~ corded in O. R. Bk. 59, page 262, St. Lucie County ~ records securing one note in the original amount of ~6, 000. 00 and having a balance due thereon as of this ~ dated in the amount o~ $~.779.65 ; ~ ~ ~ WHEREAS, ASSOCIATION is the owner and holder of a mortgage gooK 13~~ 5~~