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ZfORZ'~ACB MODIFICATION AGRB~lENT
THIS MORTGAGS MODIFICATION AGItBRlSNT, dated this daq of
Septe~ober, 1977 by and betveen STIJART NATIONAL BANK (succesaor in interest
to Bank of Stuart, N.A.), a natiaaal baaking aesociation, hereinafter
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referred to as the "Mortgagee", aad~MARC R. MASSAR -
~ ~ hereinafter referred to as the "Nortgagor". ~
WITNBSSBTH, the Kortgagee ia the holder of that certain Mortgage
dated the 29th day of September, 1972 and recorded in O.R. Book 207, Page
707, St. Lucic~Couaty, Florida, public recards, enc~aberi:~g the laads .
described to wi,t: ~ `
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_ Parcel No. 1- The North 120~feet of the South 440 feet of
Govert~ent Lot 4, Sectioa 29, Tovaship 35 S h, Range 41
East. Lese Road Right of Way for State Road~. ~
Parcel No. 2- The South 100' of the North 220 feet of the -
South 440 feet of Gavpn+~~+t Lot 4, Section 29, To~nship
35 South, Range 41 Bast. ~Also described as: The North
100 feet of the South 320 feet of Goverw~ent Lot 4, Sectioa
29, Tawnship 35 South, Range 41 Bast. Leas Boad Right of ~iay
for State Road AlA. ~
- WH8RFI,S, said I~tortgage t~tas made to WALTER J. PILOT and RAT9QYN pILpT
• and asscmed by MARC R. MAS~AR and St7SAN.HASSAR as evidenced by that
_ certain Mortgage Assuu~ption Agree~eat dated March 27, 1973.
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NH~tEAS, the Hortgagor nar requeats the Hortgagee to change and.
modify the Kortgage and Pronissory Note which is secured by said Hortgage,
to e~ctend the due date oa said Mortgage to the 29th day of Septe9nber, 1982.
NOW, THffitSFORE, in consideration of the sus of One Dollar ($1.00) this
day in hand paid by.the Mortgagora to the l~Iortgagee, the receipt whereof _
is hereby acknowledged, and in consideration of the mutual promises, the ;
partiea do agree as follovs:
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' 1. This instaut agreenent is hereby made a part of the aforesaid
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Pramissory Note, as conpletely as if incorporated verbatin therein, and '
-said tiortgage Note is hereby referred to and ~ade a part hereof.
2.. It is agreed that the principa2 uupaid balance of the aforesaid ~
indebtedaeWa is, as of September 1, 1977 the s~m of TWSNPY I~iINE THOUSAI~ID
ONS HUNDRBD ONE AI~ID 78/100 ($29,101.78) DOLI.ARS, all of which Mortgagor
promises to pay, together with interest at the rate of NINE (9x) PBRCBNP
per aaaum until maturity, at the principal office~of Mortgagee in 60
mouthly inetallments af $604.12 eacb, including intereat ca~encing on the
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