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Home My WebLink About1754 NOW, THEREFORE, in consideration of the mutual covenants and consideratio~s accrued ta 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 note so 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 Sth day of February, 1973, and a like sum of Three Hundred Dollars ($300.00) on the 5th day of each month thereafter, until the said note ar 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 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- 3 ment is conditioned so that provided the Second Parties make the f payments on the mortgage as herein modified promptly, then the Second Parties shall continue to collect the periodic payments on ~ i the Agreements for Deed as set out in Schedule 1 attached hereto. ; 3. The assignment by the Second Parties to the First ; ~ ` Party shall become unconditional at any time when the $300.00 ; - _ mortgage payment due from the Second Parties to the First Party as F " ; f s modified herein is in default more than fourteen (14} days; and the r £ Second Parties do thereupon grant to the First Party the right to = enter the premises of the Second Parties 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 £ attached hereto as is reasonable and necessary in order to allow the First Party to collect the payments hereby assigned. { LAW OFFICES t WII.LES. BITTAN 8c WII.LES P. o. Box 309 µ Cj~ /ri~; FORT PIERGE. FLORIDA 834'SO $ ~ ~~v ' *~'s ~ i ~ ~'~"~`:t~ ~s-,..,.°- s _.L_.W.y. _ , . .