HomeMy WebLinkAbout1112 whereof being hereby acknowledged, and in further consideration
of the mutual and several covenants and agreements of the parties
herein set forth, it is hereby covenanted and agreed as follows;
1. The word "Orange" which is the ninth word of the
seventh line of the second paragraph on the first page of the
Mortgage is hereby amended by deleting the said word and substi-
tuting the words "Saint Lucie" in lieu thereof.
2. The legal description of the property as it appears
after the second paragraph on the first page of the Mortgage is .
hereby amended and modified bq deleting the legal description as
it appears in the said Mortgage in its.entirety and substituting
the legal description of the encumbered property which Iies and
is situated in Saint Lucie County, Florida, described on Exhibit
"A" which is attached hereto and by this reference made a part
hereof.
3. The Note and the first paragraph of the Mortgage and
Note Modification Agreement are hereby amended by deleting the
terms and provisions as they heretofore existed and substituting
the following terms and conditions in lieu thereof:
"PROMISSORY NOTE
$187,500.00 Fort Worth, Texas
July , 1972
FOR VALUE RECEIVED, the undersigned, W. S. DU BOSE,
INC., a Texas corporation, gromises to pay to the order _
of the FORT WORTH NATIONAL BANK, a national banking as-
sociation organized and existing under the laws of the
United States of America, the principal sum of One Hun-
dred Eighty-seven Thousand Five Hundred and No/160 Dol-
lars ($187,500.00) with interest from date until maturity
on the amounts thereof remaining unpaid from time to time
at the rate of Eight per centum (89;) per annum in lawful
money of the United States of America at the office of
the payee, or at such other place as may be designated
in writing by the holder of this note. Said principal
and interest shall be payable in equal monthly install-
ments of $1,407.81 beginning on the first day of Septem-
ber, 1972, and the first day of each and every month
thereafter until March 1, 2000, when any balance of prin-
cipal with interest thereon shall become due and payable.
Each installment shall be credited first on account of
i the iaterest then accrued on said principal remaining un-
i paid and then in reductinn of said principal.
~
~ "If default be made in the payment of any installment
' under this note for a period of thirtq (30) days or if
~ failure be made in the performance of any of the cove-
! nants or agreements of the makers under the mortgage given
' by them and securing this note, then at the option of the
holder hereof the entire principal sum remaining unpaid ~
with accrued interest ~ha11 immediately become due and
payable without notice, time being of the essence hereof. ?
Failure to exercise this option in the event of any de-
fault shall not constitute a waiver of the right to
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