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MORTGAGE MODIFICATION ~
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THIS AGREEMENT made the date set forth hereinbelow
between PHYLLISS IIIRELY, of S10 Coral Way, Ft. Lauderdale, Florida, ,
"MORTGAGOR" under that certain Mortgage dated January 17, 1974 and '
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recorded in Official Records Book 222, page 2730 , St. Lucie
County, Florida, public records, and JAMES R. HUTCHINGS AND
HELEN S. HUTCHINGS, his wife, r
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of ' ~
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"MORTGAGEE", of the hereinabove Mortgage (by Assignment of Mort- ~
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gage dated January 17, 1974 and recorded in Official Records Book ~
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222, page 2733, St. Lucie County, Florida, public records), in ~
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order to correct the miscalculated monthly amortization payment of
principal and interest set forth in the Promissory Note, a copy of ~
which was copied and recorded in the hereinabove referenced Mortgage. ~
WHEREAS, the said Promissory Note provided for monthly
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installments of $ 312.58 , and _ }
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WHEREAS, the mathematically correct monthly installments
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of principal and interest required to fully amortize the principal ~ ~
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of the Promissory Note as of the July lst, 1981 maturity of said ~
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i Promissory Note is $ 296.78 ~
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NOW, THEREFORE, the Mortgagor and Mortgagee hereby ;
correct, modify and amend the said Promissory Note (and therefor ~
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- the hereinabove referenced Mortgage) that the principal and interest ~
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payments shall be due and payable as follows: ~
In constant monthly installments of principal and interest $
of $ 296.78 each, commencing on the lst day of February,
1974 and continuing on the lst day of each successive month
until July lst, 1981, at which time the entire unpaid balance ~
of principal, together with accrued interest shall be due and ~
payable in full.
In all other respects the terms and conditions of the said Promis- '
sory Note and hereinabove referenced Mortgage shall remain in full
force and effect.
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