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MODIFICATION AGREEMENT
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That. WHEREAS. FLORIDA FEDERAL SAVINGS AND LOAN ASSOCIATION is the holder and owne~
oi a certain morigage given by _ Shri-K.-Shalla-and-Oaphne-E~-Bhal-la,- h~s-~ti#eT-----
recorded in _p,.~,__ Book, __235_ Page __.2608-, oi the Public Records oi_
S~. Lll~~~___ Counry, Florida, otherwise refer~ed to as Loan Number _.3-750 . . encum- i
bering the tollowing described property situate, lying and being in _SL~ _1il~i~__ County, i
Florida~ tawit: :
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Lot 1, Block 3224, Port St. Lucie, Floresta Pines, Unit Two,
a Subdivision according to the Plat thereof, as recorded in
Plat Book 16, at pages 37 and 37A through 31C of the Public
Records of St. Lucie County, Florida.
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and
WHEREAS, said mortgage provided for monthly contractual payments of a_~$_1~ per month,
with interest at the rate of 9.75 per annum and has a present balance of S_24,C~78_ .97 ; and
WHEREAS, the present owner(s) has/have submitted to the Association a request for reduction
of monthly paymenis to S 129 .83 _ per month. by reduci ng the loan pri nci pal bal ance to
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~ $14,678.97,
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~ which request is reasonable and acceptable to the Association.
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~ NOW. THEREFORE, in consideration of the mutual advantages and benefits accruing to each. the
~ mortgagee and mortgagor, it is agreed that commencing on the _ lst___ day of __ARr_il 19 _I8 ,
monthly payments on the mortgage above described shall be ._r_eduGed_ _ to and permanently fixed at
the ~ate of a_ 129 8~ per month, with the said payments to be credited first to inte~est on this mort-
W gage at ___9,.7~% and secondly as a direct reduction of-the principal thereof, said payments to continue
unt+l boih principal and interest are paid in full. The terms, conditions and provisions of ihe said mortgage
except as expressly altered hereby shall remain in full force and effect.
~ Dated this-iIlth_day of_-ApriL________, ~
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~ A ISTANT SECRETARY
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~ (CORPORATE SEAL j FLORIDA FEDERAL SAVINGS AND LOAN
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ASSOCi~1T~ , _
~ WIT S$~S:
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~ Leo E. ~1ur~ h`Yi e e dent `
~ . P Y~ C
' MORTGA~~
:
~ ~ O G~?GEE
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~ , Shri K. Bhalla
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A5 TO~ MOR GAGOR Dd Ilfl . Blld~ ~~ORTGAGOR
~ ~ " ~r ' p
~ lD 40l. t.77 .
T~i1S INSTRJ~,~ENT PREPARED B'/: O R ~Q~ ~;Lf ~
~ Mi 1 dred Bi cker'ton ~ 3~ F
~ `:LANVIILE MORTGAGE CORPORATlO~i ~ Serv~cing Agent for Florida Federal Savings and Loan Assn.
~ P• O. BOX 2992
~ SARA~O'4. : ~
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