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" b~• t~~o 1'~u~ni~.;c,~~~ ~~~tes in thtr ori ;iiuil t~~;~r~•~~~~te ~,rinei~~il st~:n of Se~~~•n 1lillio~
F ifty T1»u:~.:nd D~llars (S?~OSOf0U0.00) ("Se~~~:.~;:pc D Notes") and seeured by a
liortgape from hlortgagor to 14ortgs.gee recorded in Official Records Book 332 at
Page 2?90, and as modified in Official Records Book 3~8 at Page 2p94 Gf the Pub1iC .
.
Records of St. Lucie County, Florida ('!Seascape II A9ortgage") said A9ortgage
encumbering certain premises of tl~e h9ortgagor, including but not limited to
condominium residsntial ~inits known as Seascape II ("Seascape Il Units") loc~ted in
St. Lucie County, Florida; and .
. ~ 14HEREAS, I~9ortgagor is indebted to ~iortgagee in the Frincipal sum of
One ;Viillic+n ~ One Hundred Ninety Five Thousand Seven ~iundred Dollars
(~1,19~,700.00) as of June 30, 1982, plus interest, ~ss evidenced by a certain
Promissory Note in the original principal sum of One Million Four Hundred
Thousand T)ollars ($1,400,000.00) and dated June 17, 1981 ("First Capital Note") and .
secured by a ~Viortgage from Mortgagor to Mortgagee, as recorded in Official
Records Book 357 at Page 2641 of the Public Records of St. Lucie County, Florida,
("Fir~t Capital M~ortgage") sa.id Mortgage encumb~ring certain of the Seascape I
Units and Catamaran II Units; and
WHEREAS, Mortgagor is indebted to Mortgagee in the pcincip~l sum of ~
One Million Four Hundred Thousand Dollars (~1,400,000.00) as of June 30, ~ 1982,
pltts interest, as evidenced by a certein Promissory Note in the original principal
sum of One Million Four Hundred Thousand Dollars (~1,400,00~.00) and deted
December 22, 1981 (~'Second Capitsil Note") and secured by e Mortgage - from
1?lortg$gor to Mortgagee, as recorded in afficisl Records Book 369, at Page 1035 of .
the Public Records of St. Lu~ie County, Florida ("Second Capital b~ortgage") said
Mortgage encumbering certain premises of the Mortgagor, including but not limited
' to certain of the Seascape I Units, ;Catamaran II Units, Seasc~pe II Units and
Jennings Cove; and . . ~ _
WHEREAS, Mortgagor is the owner in fee of the real property d~scribed
in Exhibit A attached hereto (the "Combined Parcels" • and
1YHEREAS, Mortgagee is .tne owner and holder of the aforedescribed
notes and mor~gages; and
S4HEREAS, Mortgagor has requested the extension of the Seascape I _
Notes, Seascape II Notes and Second Capital Note until N~vember 1, 1982, and
hlortgagee is willing to grant su~h extensions subjeet to certain conditinns, o~e af :
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