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MORTG~AGE MOI~~~'IGATION AGREEMENT 319
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R~: Real Estate situated i~_ County, Florida, lo~ally deuribed as:
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North 75 ieat ot Lots 1 and Z, aAd north 75 fo~t oi aest 26.4 lQQt o!
Lot 3, aad Lot 31 less tb~ aosth 4S feot, Block 59, SAN I~ICIB PLAZA -
StJBDIVISION, UNI? ONB, ss pQr plat ttwzeof on fil~ in Plat Book 5, page
57 oi tha public recosds of St. LuciQ County, Rlorida
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WHEREAS, FIRST FEDERMI SAa/iN~',,S b LOAN AS.SOCIATION OF FORT PIERCE is the Owne~ of a fint mongage
en~umbering ihe above descritied ~Qal property bearir'?g date of .~L~1L+ 28 , 19
75~ reocrded in
(O. R jc~~ Book 2d2 1350 , St . Lucie County, Florida, Records, securing a :
promissory note therein described;
fhe
s3me having a balance due this date in the aggregate sum of E ; and,
WHEREAS, the parties he~eto for mutual considerotions wish to (consolidate said indebtedn@ss an~ revise the terms
of payment thereof;
THEREFORE, IT IS AGREED~thst the unp~id balance of said indebtedness~ upc,n ihe date of this Agreement is
; 30,000.00 , and that the undersigned hereby~promises to pay said amount with interest at the r,~~ stated
~~elow, ,E 24?.00 per month beginning on the ?~h day of ~Ve~e! , 19 to be
applied first to interest at the rate of 8•75 % per annum upon the unpaid bal~r~e~~said indebtedncss and the balance
to principal until said indebtedness is paid in full. A late payment charge of a ' , shall be added to each
payme~t remaining unpaid seven days after its due date..
IT IS FURTHER AGREED that the said mortgages are so merged as to mnstitute a single mortgage lien on the above
.iescribed real property, and any default under either of said mortgages shau be oonsidered n defautt as to both mortgages.
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~ In all other respects said note(s) and mortgage(s) shal) remain in full force and effect, and the undersigned promise
; to pay said indebtedneu(es) as herein stated and to perform all of the obligations of said mortgage(s) as herein revised. '
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~ EXKUTED, SEALED AND DELIVERED, in duplicate, this the "Z~ ~day of ~t~r - , 19 7S .
~ Signed, sealed and delivered
in the pr ence of: ~ er
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^ :'~i , , . ~ << AUt~IOfIZ~ ~OL'~' _
z STATE ~`?Ri1VZ~'~N'
~ ~ COUNTY 6i~"'S~;' Lueie - _
~ i HEREBY CERTIFY that on this day, before me, an officer duly author'~~ in ~State and C~t~nty a~~esaid to take ack- !
; nowledgements, personaNy appeared ~nnoth R. D]Cew and Evelyn . Drew, is w Q i
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~ to me known to be the person(s) dexribed in and who executed the foregoing Mortgage Modification Agreement, and ~
~ t he
y acknowledged before me that~e y execvted the same. `
~ WIT ~S my hand and official seal at , said County and State, this ~~~day of ~tober
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~ • Notary Public, in and for State and Counfy Aforesaid.
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~OCK~~ PM~ My Commission expires: 1
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