HomeMy WebLinkAbout2348 10~~?73
MORTGAGE MODIFICATION
AND
EXTENSION AGREEMENT
THIS AGRSBMSNT made and entered into this lOth day of December, 1989,
by and between BRDCS A. I,AMPS, hereinafter referred to as ^Mortgagor", and
FLORIDA NATIONAL SANR, a National Banking Association, its successors and/or
._.....~y : ; ~ iiciciiiQii,.Ci iG1CLiCl[ l.U as ~~tfank~ .
WITNBSSST~, Bank is the owner and holder of a Promissory Note from
Mortgagor to Bank dated Navember 10, 1988 in the oriqinal principal amount
of TWO HUNDRED NINETY FIVE THOUSAND SEVEN HUNDRED and NO/CENTS ($295,700.00)
DOLLARS, which is secured by a Mortgage upon the property hereinbelow
described which Mortgage is recorded in O.R. Book 611, Page 444 of the Public
Records of St. Lucie County, Florida; and
WI~REAS, said Mortgage is a valid first lien upon all of that certain
lot, parcel or section of land, lying in St. Lucie County, F'lorida described
as follows:
Lot 1-1, Block 4, of PARCEL 28, Prima Vista Boulevard, as shown on Plat
Number 1 of ST. LUCIE WEST, as recorded in Plat Book 26, Pages 8 and BA
through 8G of the Pu61ic Records of St. Lucie County, Florida, less and
excepting the northerty 22.67 feet thereof. 1lfore particu/arly described as
follows:
~ Begin at the No~thwesterly corner of said Lot I-1; Thence run South 8l
~ degrees 26'09" E along rhe Northerly line of said 1-1 o distance of 350.00 feet
~ to the Northeasterly co~ner of said Lot I-1, at an intersection with the
k Westerly right-of-way line of N.W. Peacock Loop; Thence run Southwesterly
E along th~ Weste~ly right of way line of N.W. Peacock Loop and along tHe a~c
~ of a cu~ve, concave to the Southeast, with radius of 2924.78 feet and central
t angle oj 00 degress 26'39" a distance of 22.67 feet; Thence ~un North 89
; degrees 26'09" W, parallel with the Northerly line of said Lot I-1~ a distance
of 350.01 feet to an intersection with the Westerly line of said Lot I-l; Thence
~ run Northe~ste~ly a[ong the Westerly /ine of said Lot I-1 and along the arc of
a cusve, concave to the Southeast, with radius of 3274.79 feet and central
k angle of 00 degrees 23'48" a distance of 22.67 feet to the Paint of Beginning;
~ Net pareel eo»taining 3.35b aeres.
~ ~REAS, the original Promissory Note matured May 10, 1989 and, pursuant
{
~ to agreement between Mortgagor and Bank, Bank agreed to renew said Promissory
~
~ P~ote and extend and modify the mortgage securing the same, which Mortgage
~
~ Mo3ification and Extension Agreement is dated May 10, 1989 and recorded in
~
i
O.R. Book 649, Page 1903, Public Records of St. Lucie County, Florida; and
WHEREAS, Bank, upon the further request of the Mortgagor, has agreed to
another modification and extension of the terms and maturity af the aforesaid
Renewal Promissory Note and Mortgage.
NOW, TI~EREFORE, for a,1d in consideration of the agreem~nt of Bank to
~ R+e Fee s DOUOI.AB DIZQN
~ Add Fee S S~. ~nl~?
- Page 1 -
O~c Tax 5--------- Clerk o! ott
Iat Ta;c i ~ HY
Total i C~
so~~ 6 ~5 ~A~E2348
_ ' ~~~,~.~~~a.c~:~~ ~ _