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~ MODIFICATION AGREEMENT . 1.~2~-~
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~ This Agreement, dated ~~b 31 ,19 ?0 , is made by and between $eIIr1 P. YaQhoD
end Carol 9achon, hia vifa
I~iereina[ter called "borrower," and THE TRAVEI.ERS INSURAN~E COMPANY, of Hariford, Connecticut, herein~
after called `7ender," in~consideration of their mutual benefits and agreements herein contained. ~
` 1. This agreement applies to a certain promissory note, held by lender, dated .Y~ 'r ` ,
19 (y~'j , in the principal amount of ~QQQ~QQ , witli the final payment due on $~{,~~p 1 ,
19 80 , the maturity date of the note, and made by $g=~y p~ yaChp3i aDd Carp], YsC~4n~ asid NOte
Modified by Og~eement dat~ed AFril 1~ 196Q!i ead recorded in Offiaial 8eoord Book lEf1~
Pag~ 12~ Pttb7.ic R~soorde~ of St. Lucis Cotmt~~ Florida -
The'note is secured by mortgage or deed ~o7"trust, also held bY lender, dated the same date as the note, and made by
the same maker(s) thereof, on property situatea in the County of $t. I.uoie , Siate of F10TidA
and recorded in Vol. l~ , page ~ , of the land records.
2. Ti~e i~npaid principal balance of the aote on A~~j, 1 , 19'~'Q . is
s],6~QQp.QQ . Bonower promises and agrees to pay such unpaid balance and interest to lender according
~ to the terms of the note and this modification agreement.
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~ 3. BorroMer and lender agree that the payments on the folloMing dates provided by the terms of the note are
~ hereby chan6ed to provide modified panaents ~en such dates as follorrs: . e - ~
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; ?he rate oi int~reet rsquired to be pe~id by the ters o! 8aid nots~'as
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~ hsreby' modl.fied, ahdll bs 8~ stfsct~i~o _ Anril 2 197~. . ~
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On any interest due date on or after Feb~nar~ 1~ 19?1 a prep~yient of ~100 or any ~ltipla
~ ~ thsr~of ~a.y be ne~de on the principal of tLis note~ aot ezaseding one rifth of the origfnal
~ ~ principal sua in an~ ealendar ~rear, ~+ithont chaxge. This privilege is not ausulative and
~ if not. ezarcised on any interest due date~ the priT3leg~ for that date is wboll~ relinqnished.
:~4 ~ Prepaymente of prf ncipal in addition to the foregoing say be ~e?de in the amouat of =100 or
~ _r~an,y ~ultiple thsreof on any intereat due date on or after Fabrnar~ l~ 1970 by paying in
~ ~o addition thereto a prepay~m~eat charge oa the additional a~ouat eo prepaid~ aaid prepayment
charge being 5~6 t2iroughout the remaining ters of thia aote and any eztensioae thereof; _
~ provided, hoxever, th~t such additional prepayaents ~y be ~ade only froa the proceeds ot ~
~ sale of peraonal property of the ~ortgagor or fro, the proceeda of inheritance or lros ~
the proceeda of the sale of real propert~ other than the real property securing thia oote. '
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