HomeMy WebLinkAbout0938 ~ '~'75~'~~'7 J'2j r
I~lOR1'GAGE '.?lODI~'ICATION AND EXT~NSION AGRI:E~iEN'C
This Agreem~~nt, made and entered into this ~_,aJ~ - da5~
of August, 1986 by and between WILLIA~i ll. CARLTON, hereinafter
referred to as hfortgag~r, ar.d FLORIDA NATIONAL BANK, formerly
known as FLORIDA BANh AT FORT PIERCE, hereinaiter referred to as
riortgagee.
WITNESSETH, that whereas, FLORIDA NATIONAL BANK is the
ownei• and holder of a First Mor*„gage from biortgagor to biortgagee
dated June 15, 1983 and recorded in O.R. Bcok 404, Page 314, of the
Publ~c Records of St. Lucie County, Florida encumbei•ing the fol-
lowing described properties situated in St. Lucie Co~anty, Florida:
Commencing at the intzrsection of the 'Xest right-of-
~.vay line of South Fourth Street (U.S. Highway ~1) and
the South line of SE~ of the SW~ of Section 15, Town-
ship 35 South, Range 40 East, in the City of Ft. Pierce,
St. Lucie County, Florida, run North 0°Q3'34'' East,
along the West line of South Fourth Street, ZO72.46
feet to the point of beginning of the lands herein
described:
From said point of beginning run North 0°03'34" East '
along the West right-of-way line of South Fourth Street,
150 feet; thence run North 89°42'26" West 175 feet;
thence run Soutt-~ 0°03'34" Hest 150 feet; thence run
South 89°42'2C" East 175 feet to the point of beginning.
WHEREAS, a~Sortgage Modification and Extensaon Agreement
dated June 10, 1986, executed by Mortgagor and Bank extending
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~ the maturity date to August 1, 1986, was recorded in O.R. Book
~ 504, Page 36"1 of the Public Records of St. Lucie County, Florida.
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~ WHEREAS, Aank, upon ~~he request of Mortgagor, has agreed
to a second. modification and extension of the Note and Mortgage
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~ herein described.
NOW, THEREFORE, for and in consideration of the sum of
Ten Dollars (~10.00), by biortgagor to Mortgagee in hand paid, the
receipt and sufficiency wher~of is hereby acknowledged, and the
covenants, promises and agreements herein contains, it is hereby
covente~ and agreed as follows:
FIRST: That the above described Mortgage shall continue
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~ to be a valid First Mortgage Lien upon the property herein and
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~ therein described and said Mortgage shall stand as security for the
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payment of the Promissory Note dated June 1, 1983.
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SEC(?ND: The current principal balance as of the date
hereof due upon the above described Promissory Note is $50,172.32
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