HomeMy WebLinkAbout1749 NOW, THEREFORE, in consideration ai 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-
ment of the principal balance of said notesso that the same shall
be payable in monthly installments of Three Hundred Dollars ($300.00)
each, the first of said payments to be made on the lOth day of
February, 1973, and a like sum of Three Hundred Dollars ($300.00)
on the lOth day of each month thereafter, until the said notes or
any balance thereof shall be paid in full.
2. The Second Parties hereby assign to the First P~rty
all payments due the Second Parties on the Agreements for Deed
listed in Schedule 1 attached hereto which accrue af~er the date
of this mortgage modification agreement to the extent of the unpaid
principal balance together with interest at the rate of six percent
(6~) per annum on the mortgage hereby modified, however this assign-
ment is conditioned so that provided the Second Parties make the
payments on the mortgage as herein modified promptly, then th~
4 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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j 3. The assignment by the Second Parties to the First
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I Party shall become unconditional at any time when the $300.00
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~ mortgage payment due from the Second Parties to the First Party as
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~ 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 located at 436-A North
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~ Seventh Street, Ft. Pierce, Florida, and make such use of the books
and records on the Agreements for Deed described in Schedule 1
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3 attached hereto as is reasonable and neressary in order to allow
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E the ~'irst Party to collect the payments hereby assigned.
LAW OFFICES
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WILLES, BITTAN & WILLES f~.'~~
P. o. eox ao9 E~~ j„
FOIiT PIERCE. FLORIDA 33460 •
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