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IVIODIFICA`I'?ON OF MORTGAGE AGREEMENT
This Modification of Mortgage Agreement dated and entered into the day
of~;,v~~,~~, 19~4 by and between t3ANKERS TRUST CO~IPANY, a New York banking
corporation "Bankers Trust") and THE SANDS OCEAN VIEW DEVEL•OPMENT, a Florida
general partnership (the "Sands").
WITNESSETH:
WHEREAS, Bankers Trust is the owner and holder of that certain rnortgage
executed by LUCILLE V. COSTA, joined by her husband, GEORGE A. COSTA, dated iV1ay
13, 1974 and recorded in Official Records Book 227 at Page 1694 of the Public Records
St. Lucie County, Florida, as modified and extended by Vfodification and Extension of
Mortgage and Collateral Mortgage dated June 8, 1977, and recorded June 19, 1977 in
Official Records Book 27t, at Page 626 of the Public Records of St. Lucie County,
Florida, and as further modified and extended by Modification and Extension of Mortgage
and Collateral 19ortgage dated November 5, 1980 executed by the Sands-0cean View
Development, a Florida partnership and The Sands Lake View Development, a Florida
partnership and recorded in Official Records Book 342, at Page 1731 through 1797
inclusive of the Public Records of St. Lucie County, Florida; and
WHEREAS, in consideration of loans and extensions of credit from Bankers Trust to
the Sands and to more fully secure the payment of said ?oans and extensions of credit, I
the parties agree as follows:
1. The lien of the Bankers Trust '.Vlortgage is extendQd to encumber the
following described real property.
The Condominium Parcel known as Unit 706, of THE SANDS
ON THE OCEAN, A CONDOMINIUM SECTION I(the "Condo-
minium") according to the Declaration of Condominium there-
of, recorded :n Official Records Book 404, at Pages 1995
through 2081, of the Public Records of St. Lucie County,
Florida, together with an undivided share in the common
elements (as defined in the Declaration) appurtenant thereto.
2. The Sands shall bear all costs and expenses associated with the en-
cum5rance of the above described property. -
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t 3. Except as modified herein, all terms, eovenants and conditions of the
5 ~~iortgage modified hereby shall remain in full force and effect and are ratified, con-
firmed and approved in all respects.
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= IN WITNESS WHEREOF, the parties hereto have executed these presents as of the
~ day and year first above written.
~ jti itnesses: BANKER.S TRUST COMPANY,
~ a Plew York barildr~ corporation, .
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THE SAND6 OCEAN VIEW DEVELOPMENT,
' ' a Florida partnecship
By: THE SAND6 O~CEAN VIEW
DEVELOPMENT CORPQRATION
(General Partner)
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