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MORTGAGE EXTENSION AG12I~~MENT ;
~~~.Q~ ' ~
' TNIS AGREEMENT, Made ttiis ~ j~day of ~ 1982, by ~ ~
~nd between CLIFFORD C. CLARK and LAURA E. CLARK, his wife, ~
~ i
~ hereinafter referred to as "Mortgagors", and nOUGLAS H. ~
KERR and-JOA1V M. KERR, his wife, hereinafter~referred to as ~
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"Mortgagees". ~ ~
~ W I T N E S S E T H:~'
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WHEREAS, on the 22nd day of June, 1981~ Mortgagors ~
ro issor note ~
~ executed and delivered to Mortgagees ~heir p m y
in the amount of One Hundred Thousand ($104,000.00) Dollars, ~
payable in annual installments of Twenty-Seven Thousand Two
Hundred ($27,200.OQ) Dollars each, and bearing interest at
the rate of Twelve (12~) Percent per annvm; and ~
. ~
WHEREAS, the indebtedness evidenced by the aforementioned ~
~ne Hundre3 Thousand ($100,004.00) Dollar promissory note is
sECUred by a first purchase money mor~gage given by Martgagors ~
to Murtgagees on the following described land in St. Lucie
County, FZorida:
The North 294.66 feet (as measured along the
, north-south one-quarter section line) of Lat 2, ~
- of the FIal S. Thomas resubd~vision of Lots 1, .
- 2,~3 and ~ of Ransom's Subdivision of ~~vernment
Lot 1, of Section 19,.Township 36 South, Range 41
East accordinc~ to the plat of said rpsubdiv3sion .
on file in P1at Book 1, ~t page 20b of the public
_ records of St. LuciP County, F~orida, together . ~
with riparian rights; excepting tt~erefrom, however,
- ~ that part lying west af the Savannah and rights-
of-~~ay for Indian River Drive and FEC Railroad.
Being otherwise described as that part of the _
- "Property of T.M. Dea]." apgearing on sketch of
survey thereof made by F. E. Englar, March 1949, -
a copy of which is attached to d~ed flf record i.n
- Deed Bo~k 158 at page 480 of thE public records
~ of St. Lucie County, Florida, boun3 on the north
by the north line of Lot 1 thereof, on the soui;h
by the south line of Lot 3 thereof extended~ ~
westerly to the Savannah, on t~e west by the -
Savannah, and on the east by t~e ~~a~ers of Indian
Ri~~er, less right-of-way for Indian River Drive
- ~ and FEC railroad. -
.
LESS AND EXCEPT that portion of the above-describecl
lands situate West o£ the right-of-way for-the FEC €
Railroad; and I,ESS AND EXCEPT the South 9 feet of s
~ that portion of the above-described tands situate
- East of the right-of-way for the FEC Railroad..
This icstrument prepared by U~~y PAGt L7~~
~~~~~ZT '~'1. IiI~01~D, 311 SouFh ,2~a NCill ORIFFIN JE~FRIES i llOrD UQVn~~
[~nst I'icrce, I~iOrida "'""*~"~o - .
. P-O. BOX 1270~ ~ORT.P~CRCC~ ~IOf~IDA ~7s5~ - iEIEPNONE 17055464•6200 - -