HomeMy WebLinkAbout1405 1 l, i ~ rJ
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MOR'rG~GL 1~iODIFICATION AGREEMENT
Real Estate situated in S~. ~~~@ _ County, Florida, legally described as:
z07i9s
Beqinning at a poit?t 364 feet North of Section corner dividinq
Sectio~na 22, 23, 14 and 15, Tawnship 35 South, Range 40 Bast.
thencQ North aloag Section line 50.9 teet to a stake; theace
North 83~ degrees Bast 333 feet to the shore of the Indian
River; thence South 20 degrees Bast along the shore o! the
Indiaa River to a point du~e Bast o! the point ot b~9inniny;
tbence West to the point of beyinning;together with ripaii~n
rights. Bxcepting the right of way ot the present public ros?d
known as the Old Dixie Highway.
WHEREAS, FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF FORT PIERCE is the' Ow~' of g first mortgage
.~_~mbering the above described real property bearing date of -__~''~Y 16__-__ ~1~'"_~, recorded in '
R.) (Mtg.) eool~ 63__, paye 15 St. LqCie County, FloritlA; Records, securing a '
; rornissory note therein described;aAda~id~rwriga~~weu~~t~eCiAg~b~sa~os~eal~pFOp~st~r,.dat~=-------------
`9~-'-; r~torded~r+{OrR~(~Mt~g~-9oole-_:_; ~eg~----_,-securing a promissory note tberein described; the ~
~i,e having a balance due this date in the aggregate sum of E?~
3•~ and,
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WHEREAS, the parties hereto for mutual conside~ations wish to (consolidate said indebtedness and) revise the terms
~ payment thereof;
THEREFORE, IT IS AGREED that the unpaid balance of said indebtedness(es) upon the date of this Agreement is
7s and that the undersigned hereby promises to pay said amount, with interest at the rate stated
~~~ov~, ~_~~~4~_-__ per montF~ beginning on the St~ day of-Bnril , 19~L to be
~piied first to interest at the rate of 6•~ -96 per annum upon the unpaid balance of said indebtedness and the balance
~ principal until said indebtedness is paid in full. A late payment charge of 3~.25_-_-.-_, shall be added to each
~~yn:ent remaining unpaid seven days after its due date.
IT IS FURTHER AGREED that the said mortgages are so merged as to constitute a singie mortgage lien on the above
;~scribed real property, and any default under either of said mortgages shall be considered a default as to both mortgages. .
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In al) other respects said note(s) and mortgage(s) shall remain in full force and effect, and the undersigned promise
~ ~o pay said indebtedness(es) as herein stated and to perform all of the obligations of said mortg s) as herein revised.
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~ EXKUTED, SEALED AND OELIVERED, in duplicate, ihis the o , 19 71 .
a
~ 5~gned, sealed and ~elivered ~ (Seal)
~ n the esence of: Lauretta M. E~l~~
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, Owner
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~ Owner
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~ ~ ; ' - Owner
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~ - ~ ' - fIRST FEDERAL SAVINGS 3 LOAN
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g ~ ~ ' y~ ~ " ~~l = ~ ASSOCIATIO O T PIERCE `
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~ ~ ' " ~ ~ ?hoia?s A. D~~s~o~ ~~esident
~ STATE OF . ~~O~t~,z~'• •
~ COUNTY OF 8'~'~~"~I~IB .
~ HEREBY CER?IFY that on fhis day, before me, an officer duly authorized in the Statq _4~t~. Counry aforesaid to take ack• ~
nowledgements, personally appeared Lauretta M. Purdv ~T~~•',tiy ~
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ro me known to be the person(s) described in and who executed the foregoi~8 ge A~iL,etion Agreement, and
_a.he_ acknowledged before me that~he_ executed the same. a,.a-~ - ~
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'~R,/lTNESS my hand and official seal aS~.I.s~G?e~F3o*; s, said Couny art~a~l,~f~,~°'day of E1pri1
19 ~l . ` ,
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= Notary Pybls, i~f
qT~f~ ~t~, dhcl County Aforesaid.
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_ £~RK ~91 My Commission expires: _~21_-_-~" 7~
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