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HomeMy WebLinkAbout1744 NQW, THERBFORE, in consideration of the mutual covenants and considerations accrued to the parties heret~, it is agreed as follows: 1. The First Party does hereby modify the terms of pay- ment of the principal balance of said note so that the same shall be payable in monthly insta?lments of One Hundred Ninety Dollars ($190.00) each, the first of said payments to be made on the 15th day of February, 1973, and a like sum of One Hundred Ninety Dollars ($190.00) on the 15th day of each month ~hereafter, until the said note or any balance thereof shall be paid in full. 2. The Second Parties hereby assign to the First Party all payments due the Second Parties on the Agreements for Deed listed in Schedule 1 attached hereto which accrue after the date of this martgage moilification ~greement to the extent of the unpaid principal balance together with interest at the rate of six percent f6%) per annum or_ the mortgage hereby modified, however, this assign- f inent is conditioned so that provided the Second Parties make the ~ € ~ payments on the mortgage as herein modified promptly, then the t ~ s ~ Second Parties shall continue to collect the periodic payments on ~ the Agreements for Deed as set out in Schedule 1 attached hereto. ~ 3. The assignment by the Second Parties to the First ~ Part shall become unconditional at any time when the $190.00 Y mortgage payment due from the Second Parties to the First Party as ~ modified herein is in default more than fourteen (14) days; and the ~ ~ Second Parties do thereupon grant to the Fixst Party the right to ~ . enter the premises of the Second Parties now located at 436-A North ~ Seventh Street, Ft. Pierce, Florida, and make such use of the books and records on the Agreements for Deed described in Schedule 1 ,ry ``y attached hereto as is reasonable and necessary in order to allow the First Party to collect the payments hereby assigne . . LAW OFFICES ~ WILLES, BITTAN & WILLES ~ P. o. BoX ~9 ~,k ~~U f~wi74~ a~J~ FORT PIERCE. FLORIDA 334'SO • _ ~ ~ o- r ~ r..~~, . , :