AMENDMENT TO AGREEMENT (2)
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AMENDMENT TO AGREEMENT
THIS AMENDMENT TO AGREEMENT made and entered into this 01.1
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day of June, 1982, by and between the CITY OF CLEARWATER, FLORIDA a municipal
corporation, hereinafter called "City", and the GREATER CLEARWATER CHAMBER OF
Cc:!1MERCE, a Florida non-profit corporation, hereinafter called "Chamber";
WITNESSETH
WHEREAS, City and Chamber on April 15, 1963, entered into an
agreement covering the sale and purchase of two parcels of real estate; and
WHEREAS, by reason of such agreement Chamber became the owner of a
parcel identified as Parcel II in the agreement, subject to a reversionary
interest possessed by the City; and
WHEREAS, the parties desire to amend certain of the paragraphs
contained in such agreement;
NOW, THEREFORE, in consideration of the promises and of the mutual
covenants of the parties, it is agreed as follows:
1. That Paragraph 3 of that certain agreement dated April 15, 1963,
be and the same is hereby amended to read as follows:
"3. City agrees upon the request of Chamber to subordinate
its reverter provision, as above described, to the lien
of any construction and/or permanent amortized mortgage,
in an amount not to exceed One Hundred Three Thousand,
Two Hundred Twenty-four Dollars and 50 cents ($103,224.50),
or such increased amount as may be mutually agreed by City
and Chamber, executed by Chamber to any recognized
financial institution, which mortgage or mortgages shall
be for the purpose of construction of permanent facilities
and other capital improvements including building and
equipment which may be needed now and in the future on
Parcel II to be used for Chamber of Commerce purposes.
2. That Paragraph 4 of that certain agreement dated April 15, 1963,
be and the same is hereby amended to read as follows:
"4. City agrees to exert its best efforts to obtain from
Betsy R. Rogers, owner and holder of a mortgage on
Parcel II, together with certain other property, a release
of said Parcel II from the Lien of her mortgage or an
agreement to subordinate her remaining mortgage to the
mortgage in favor of the First National Bank of Clearwater
and any additional mortgage placed thereon by Chamber, if
necessary.
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3. That except as specifically amended herein, the agreement dated
April 15, 1963, by and between City and Chamber shall remain in full force and
effect as to all its terms.
IN WITNESS WHEREOF, the parties hereto have set their hands and
seals as of the day and year first set out above.
correctness:
By
City
Att=t~;. (. J
~~W~
City Clerk
GREATER CLEARWATER CHAMBER
OFC CE '-
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