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N1~I'C'~AGE M~IDIFICATI~I ArD F.~fiII'F~JSICN AGR~~3Jr ,
THIS AGREII~, ~cie ar~d entered into this 30th day of Novanber, 1984,
by and betvaeen RFA-SCO~IT RAID JACOB.SCN INVFSZl+gNPS, a Florida General Partner-
ship, Donald E. Jaoobson, John R. Rea arid Vernon L. Soott, being all of the
general partr~ss of REA-SOO?~P AND JACOBSQN DN'VE5'IMEN15, and FLC)RIDA NATIONAL
H~IIt, a banking oorporation, successor to Florida Bank at Fort Pierce. ,
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WrI'[~4'SSE'Ifi ~AT, W~S, Florida Bank at Fort Pierce, r~aw kr~awn as ~
FIARIDA NATIONAi, BANK, is the ~r and holder of a certain Pranissory Note
executed by RFA-SOOTr AND JAOOB.SON INVESII~I~1~, a Florida General Par~tnership,
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at~d each of its general partners, dated November 30, 1982, in the original ;
nrin~»i ~,uzt of $66,OQ0.00, bear.i.rig interest at the rate of 15$ per annuQn ;
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and which Note is secured by a Mortgage dated NovemUer 30, 1982, and revorded ~I,
Dec~er 1, 1982, in O.R. Book 388, Page 2072, Public Reoords of St. Lucie i~
County, Florida, which Abrtgage is a valid second l~brtgage Zien up~n all of the
real property lying in St. Lucie County, Florida, and garticularly described as
follaws:
Frctn the Southw~st oorner of Block 22, Revised Map of Fort
Pierce Beach S~.ibdivisioa?_, as reoorcled in Piaz Fx~;~ o, ~ay~
29 of the Public Reoords of St. Lucie County, Florida, run
the~oe South 17 degrees, 09 miriutes East along the Southward
extension of the West line of said Block 22, 50.0 feet to a
point on the South right-of-way line of Carlton Court; ~~e
run along said rightrof-way on a bearing of South 72 degrees,
51 minutes West a distance of 140.0 feet to th~e Point of
Beginning. Fran the Point of Beginning oontiriue on said
right-of-way on a bearing of South 72 degrees, 51 minutes,
West a distJanc,~e of 234.0 feet to a point; thence run Sauth
17 degrees, 09 minutes East a distar~ce of 265.10 feet to a
point; thenoe run North 72 degrees, 51 minutes East a distance
of 234.0 feet to a point; thenoe run North 17 degrees, 09
minutes West a distance of 265.10 feet to the Point of
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Nvw knawn as QONY~~I'JDORE OONDCt~TIUM.S p~.trsuant and subject to ~
the Declaration of Con~tiniun recorded in O.R. Book 350, I
Page 2205 of the Public R~ecorcls of St. Lucie Caanty, Florida, '
oansisting of 24 units in two buildings with appurtenances.
WHERFAS, the parties hereto did agree to a modif.ication ar~d extension of
said Prcmissory Not~e and Nbrtgage which Nbrtgage Modif ication and F~tension
A~arre~rent is dated January 27, 1984, and is recorded in O.R. Book 423, Page
903 of the Public Reoords of St. Lucie County, Florida; and
Wf~tFAS, RFA-SCO~IT ~+ID JAO~B.SCN INVES~I9'I5, and its individual partners
have requested that FLC~~RIDA NATIONAI~ BANK agree to a m~dification arxi extenstion
of the Note arr3 Mortgage herein described. ,
NC7W, T~tiRE, for and in consideration oi the agre~nent of FLORIDA
sa~K 4~~ QacE ~s
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