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balance of ~171, 4Q0. 00, shall be modffied to be payable as follaws;
The sum of ~171, 400. 00 shall be due and payable in ten (10) equal
annual installments of ~1'7,140.00 each commencfng on August 1,
1973 and continuing on the first day of each and every year thereaffier
untfl said principal sum is paid in full. In addition to the principal
payments, interest shall be due and payable on the first day af August
of each and every year commencing on August 1, 1972 at the rate of
69~ per annum on the unpaid balance from time to time remaining and
all payments shall be applied first to accrued in~erest and remainder
to principal, In the event of a default in any payment of principal or
interest which default shall not be corrected within 30 days thereafter,
then the entire remaining unpaid balance shall immediately become due
and payable at the option of the holder of this note, Any payment or any
part thereof may be made on or before its due date without penalty.
The property included within the mortgage is that certain property as
shown on the mortgage.recorded in Official Record Book 183, page 2673, public
records of St. Lucie County, Florida, and all other terms and conditions of the
original mortgage and the original promissory~ note sha11 remain the same except
as modified by this instrument and nothing herein contained shall be construed to
impair the security of the Parties of the Second Part under said mortgage, or to
affect or impair the rights or powers which they may have under said no~e and
mortgage for the recovery of the mortgag~ debt in case of non-fulfillment of said
mortgage on the part of the Party of the First Part, or its successors or assigns.
IN WITNESS WHEREOF, the parries have hereunto set their hands and
seals the day and year first above written, .
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Signed, sealed and delivered LAMBETH CITRUS PRODU
E~4~P.
in the presence of: 5~
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, ~ Attest s.,.~,w , 2, p ~ , . ' !
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j Mortgagor - Party of the First Part. -
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' Mortgagees - Parties of the ~econd Part.
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` afflGlAl RECQRt?
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LAW OfFiCfS JOHN H. SUTHfR1JWD VERO BEACH, FLORIQA
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