HomeMy WebLinkAbout2362 THIRDs That the Promissory Note dated September 2, 1986 shall be renewed
and replaced by the Renewal Promissory Note attached hereto as Exhibit B and
incorporated her~in by reference.
FOURTH: All of the terms and conditions contained in said Promissory Note
and Mortgaqe being modified only as expressly provided herein.
FIFTH: This Aqreement shall be binding up~on and shall inure to the benefit
of the heirs, executors, per~onal representatives, successors and assiqns of
t,,~ s _
c~~}3: a
IN WITNBSS ~REOF, the parties have hereunto set their hands and seals
the day and year first above written.
THIS IS A BALLOON MORTGAGE SECURING A VARIABLE ADlUSTABLE RATE OBLIGATION.
ASSUMING THAT THE INITIAL RATE OF INTEREST WERE TO APPLY FOR THE ENTIRE TERM OF
THE MORTG.~GE, THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON
MATURITYWOULD BEAPPROXIMATELY,f186,842.93, TOGETHER WITHACCRUED INTEREST, IF
ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF TXIS
MORTGAGE. THE ACTUAL BALANCE DUE UPON MATURITY MAY YARY DEPENDING UPON
CHANGES IN THE RATE OF INTEREST.
CHW PROPERTISS, INC., d!b/a
ATTEST: Indian Pines Golf Club
1 ) ~
- . .
By.
AFiTHUR F. WOOD, Secretary LEONARD I. COTTOM, JR.,
President
(Co porate ~al)
~ S~ ra L
~ ~ FLORIDA NATIONAL AANR
~ ~
~ ATTEST: , : ;
f ::~;L;: ; . i.
~ ? . . ?
~ / ~ ~ ,
` EDITH I. WILLI ON, I.~E~i~..
~ ~s st . Vice Pres ident Senior V" e~ Presi~in'~, -
`s . . -
; ' . ~,~r .
~
~ STATE OF FLORIDA
~ CO UNTY OF ST. L UCIE
~
~ 1 HEREBY CERTIFY that on this day before me, an officer duly autho~ized in the State and County
~ afo~esaid to take acknowledgments~ pe~sonally appeared LEONARD I. COTTOtd, JR., and ARTHUR F.
~ WOOD, known to me to be the President and Secretary, respectively, of CHW PROPERTIES, INC., and
~ they acknowledged before me tha! they executed the fo~egoing instrument freely and voluntarily under
authority vested in them by said corpo~ation, and they ackno~+lidged before me that the carporate seal
affixed thereto is the true corpQrate seal of the said corparation.
~WI .NESS m hand ond official seal in the County and State last aforesaid this day of ~
i ~ j q~
% zi: s ~ k ~ • .
~j ~ "~5~. r~
~ t n
(sBQI~ / ~
MV~Com~~ssion rExpires: otary P ic
:~Y•~~s _ .
:s '~t~~!~4~Sh~~~
~ F'y Ccr,~ijQ~.~p`pt~ch.! 3,144~
Se~3~{~t~~q Po~1r: Mw.u~c~ Inc.
- Pagr 2 -
6ooK6~~ FA~E~J62
_