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ANI) CONSOl.1DA'1'1C)N AGltF.E~~EN`T
'I'H1S AGREE;IIENT, made and entered into this _ 1 T~ day of July,
1982 by Hutetiinson Island Limited, ]ne., a Dela:yare cor;~oration auti~orized to
transact business in the State of H'lorida, hereinafter referred to as "~9ortgagor",
and The First National Rsnk of Chicago, a natianal banking assoeiAtion organized
and existing undec the laws of the United States of America, hereinafter referred
to as "liortg~gee";
ti9ITNESSETH:
~ti'HEREAS, A3ortgagor is indebted to Mortgagee in the principal s~m of
Nine Hundred Seventy One Thousand Nine Hundred Thirty Two Dollars end ?2/100
(~971,932.72) as of June 30, 1982, plus interest, as evidenced b}t two Promissory ~
~ Notes in the original aggregate principal sum of Thirteen Million Dollars
($13,000,000.00), ("Seascape I Notes") and secured by a Mortgage from ?~9ortgagor
~ to Mortgagee recorded in Official Records Book 299 at Page 991, and as modified
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i~ in Official Records Book 332 at Page 1738 of the Public Records of St. Lucie
County, Flor3da, ('Seascape I Mortgage") said Mortgage encumbering certain
Premises of the Mortgagor, ineluding but not limited to condominium residential
units known as Seascape I, ("5eascape I Units") located in St. Lucie County,
Florida; and
~9HEREAS, hiortgagor is indebted to Mortgagee in the principal sum of
One Million ~ight Hundred Twenty One Tho~sand Fifty One Dollars and 99/1Q0
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(~1,821,051.99) as of June 30, 1982, plus interest, as evidenced by a certain -
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- . Promissory Note in the ~original principal sum of Twelve ~Yiillion Seven Hur~dred
T~ausand Dollars ($12,?00,000.00) ("Catamaran II Note"), and secured ~y a
Mortgage from Mortgagor to ;Vlortgagee recorded in ~f~ciai ftecords Book 332 at
Page 1703 of the Publie Records of St. Lucie County, Fiorida, ("Catamaran II ,
1~ortgage") said ~Viortgage encumbering certa.in premises of the ;d~rtgagor,
- including but not limited to condominiurn residential units 1~:nown as Catamaran II, ~
("Catamaran II Units"j; and
. i1'HEREAS, Mortgagor is indebted to Morlgagee in the principal sum oi
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~ ~ Fo~u ~Viillion Four Hundred Forty Three Thousand Seven Hundred Ninety Three
' Dollars and 14/100 (54,443,793.14) as of June 30, 1982, plus interest, as evidenced
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