HomeMy WebLinkAbout1734 NOW, T~REFORE, in consideration of the mutual covenants and
considerations accrued to the parties hereto, it is agreed as
follows:
1. The first Party does hereby modify the terms of pay-
me nt of the principal balance of said note so that the same shall :
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be payable in monthly installments of One Thousand Two Hundred
Fifty Dollars ($1,250.00) each, the first of said payments to be
made on the 15th day of February, 1973, and a like sum of One
Thousand Two Hundred Fifty Dollars ($1,250.00) on the 15th day of
each month thereafter, until the said note or any balance thereof
shall be paid in full. ~
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2. The Second Parties hereby assign to the First Party t
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all payments due the Second Parties on the Agreements for Deed ~
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listed in Schedule 1 attached hereto which accrue after the date
of this mortgage modification agreement to the extent of the unpaid
principal balance together with interest at the rate of six percent
; (696) per annum on the mortgage hereby modified, however this assign- ;
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€ ment is conditioned so that provided the Second Parties make the
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e
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~ payments on the mortgage as herein modified promptly, then the
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~ Second Parties shall continue to collect the periodic payments on
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the Agreements for Deed as set out in Schedule 1 attached hereto.
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~ 3. The assignment by the Second Parties to the First
~ Party shall become unconditional at any time when the $1,250.00
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~ mortgage paymen~ due from the Second Parties to the First Party as -
~ modified herein is in default more than fourteen (14) days; and the
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= Second Parties do thereupon grant to the First Party the right to
enter the premises of the Second Parties now located at 436 A North
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r~~ Seventh Street, Ft. Pierce, F lorida, and make such use of the books
and records on the Agreements for Deed described in Schedule 1
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attached hereto as is reasonable and necessary in order to allow
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the First Party to collect the ~a~ments here~y assigned.
LA FICES
WILLES, BITTAN 8c WILLES
P. o. eox 3oa BOOK Fi1~i
r~ F 2~G 17~
- FORT PIERCE. FLORIOA 334R0
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