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~iODIF1CATION AGRE~.,''NE~1'i'
This Agreement, dste~! ,19~~ , is made by and bet.+een CHARI,.,F'S VAVRUS ~
SLOAtd, JQ Ai:i3 R. SLOA;i and CO'~i C~th'~ R.ANCH, IidC., a Florida corporation
,
f~ere~inaiter railcd '~horr~N•er," and Tl1E 'I'RAVFLFNS ItiSURA~iCE CO~iN~VI'. ~~f NariG~rd, (:onnecticut, herein-
a(t~~r ealic-~i "(ender," in considPratiun ~~f their mutual benefits and agreements herein coutaineJ.
1. 'fhis a~rrrmrut aNplie~ to a certain pru~ni~sory note, held Ly lender, dated September 9 , ~
19 J~ , in thc~ princ~Nal amuunt uf S 3~ ~00 ~ OQ0.00 , with the fmal payn~ent due on Oetober 1~ ,
19 ~0 , thr mawrit~~ date uf the ~~ute, and maJe by Cow C~eek Raneh, Irie. ~ T. L. S1o2~i siZd .TO At1Ti R. SlOati
'fhe nc~te i~ seK~ure~l b~ murt~a~e or ~Irevl of trust, also held L~ lender, datc~3 the ~ume date a~ the nntr, and made b~
the same maker(s) thereof, on prupert~ ;ituate~l in the ~~uunty uf St.Lueie r- k~' , State oi FlOrida
; and recorded in ~'0l2l~3 , page 16~9 , of the land records• ~d recOrded in Okeeehob
Count f, State of ~orida in Booic 17~ at Pag+e 91 • .
2. The unpaid principal balance of the note on date he~'eof , 3~x. , is
S 2~ 350~~~ . BorroNer promises and agrees to pay such unpaid balance and interest to lead~~ ording
t~r the terms of the notr and this modification agreement. IlprF~~1~~ + ~/.3/~ - 00 O/7
, usE wrtY r ~/3 2-- - D DD/ - O ~D/G
` 3. Iiorro..~r and lender agree that the pa}ments on the follo~ing dates ro~ided bp the terms of the note are _
6ereb~ chan~e~l to proride modihed payments on such dates as follows: ~~d 7- 3~~ ' DD!) 000~6
~L / 33 - D~~O/- ~i o n/3
°Accrue3 interest fro~ date hereof to gpril 1, 1977 plus ~35,000
princigal will be due April 1; 1977. Acerued fnter8s~ from April 1,
1977 plus $3~,0~0 principal wi11 be due October 1, 1977 and on the
first day of each April lst a,i1d October lst ~hereafter up to and
includina April 1, 1J°0, aazd a final payment on October 1, ly°C,
comprising pay~ient in full and conplete discharge of aIl su~us then
unpaid, including the entire principal ~alance, all accrued~n terest
and any other i ~ems ~:~en due." 3/D~ DUO/- D G?~
~/D 5 O GC~~ -~Oa~
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Anc ~~tl~~r pa~mf•nt, nn ~+ther dat~ ~~n~~•ide~l b~~ th~ term~ of thr note continue to be due and payable as pro~idc~l
b}~ i!s terms. ' ~ ~~Q - ~ ~ / Q ~ ~/~j
af,~~- o00 p
4. Rorn~wrr E•r~~~m.~~ :u~~1 a~r~F~ t~~ ~~a~ at the maturi~}' ~f the note ativ unj?aid balance of principa! resulti~Q
fr~~~n the m~NlificaU~~n ~~•t uut in para~raph 3 abo~c, in addition to an~~ ~~thPr unpaid balance protiided by the terms of
the note. ~/o? 8-/// ~ D D/ O ~O
a l~~- /ii - Gop /1 Qop/d
S. \~Ihin~: I~~•r~•in ~•~u~tain~l ~hall in an~ mann~r afTrrt thc priorit~• or liFn uf the mortgage or de e d~of trus
,ccuring this notc.
In N-itness ~hcrP~~f, thi~ a~rerm~nt has itieen duly ~xecutrd by thF twrrower and lender.
?HE .TRAVF.LER.s_ 11~L'KA~CF, c:~?~1F:~`l' Charles Va~us
t As' l.ender CO'~' I2iC. ~
BY
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_ •g~ ~ ~'ice Presi ent Attests . -
=.At . loan
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~'(R.i~- Aaai tant Secretary / %
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~ L•54~1 ~R~.3-ST PRf~7E0 1~ I;.S.A... - 3o Arui R. Sloan BorroNer
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