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entire principal sum has been disbursed, whichever ~
dats is earlier.".
ie deleted in its eatirety and there is subatituted therefor the
follawinq:
"This mortqaqe is qiven to secure the payment of
not only the afo~esaid prcoissory note but also
a fee of 1/2 of l~ per ~um payable annually oa
each interest paym~ent date on any amount of the
above principal 8um not diaburaed, said fee to be
discontinued in any event on Octobsr 19, 1969, or
on a date when tho entire pri:~cipal eum has been
disbursed, whichever date is earlier."
_ 2. That all of the property described in said mortqaqe
ehall remain in all respecta subject to the lien, charqe and ~
enc~nbrance of said mortqaqe, and nothinq contained herein or
done pursuant hereto shall in any way affect or be construed ~
to affect the lien, charqe or encumbrance eff~cted by said mortqaqe,
or the priority thereof over other lieAS, charqes, encumbrancea
or conveyances.
3. That nothing contained herein or done pureuant hereto
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• shall release or affect or be construed to release or affect
the liability af any party or parties who may now or hereafter
be liable under or on account of said note or safd mortqaqe,
and the endorser of said note, RICHARD L. TALBOT, joiis in the
execution of this I~odification AsJreement for the express purpose
of recoqnizinq and preservinq hie continuinq liability on said
note as en~orser. ~
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,
4. •That anythinq to the contrary contained herein notwithstand-
inq, this Modification Aqreement ahall not aff~ct or impair any '
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,
,
representation or warranty heretofore made by MQrtqagor to Mortqagee
reqardinq the title to the property encumbered by said mortgage, ~
and any and all such represeatatfons and/or warranties shall
remain in full force and effect and shall inure to the benefit ~
of lrlortqaqee, its succeseors and assiqns.
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5. This Modification Aqrsement shall be binding upon and ~
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shall inure to the benefit of the heirs, personal representatives,
successors and assiqus of the partiea hereto.
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IN WITNESS WSEREOF, the partiea hereto have caused theae pre- `
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ANDERSON, RUSH, DEAN & LC~i~+..v-~ -
Attaneys at Law
P.O Box 22fs8 -2_ ~
pRL,MNDO, FLORIDI? ~
re~.'~ a ' ~ - _ 1°~~
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