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MODIFICATION AGREEMENT
STATE OF FLORIDA .
COUNTY OF ST. LUCIE
THIS AGREEMENT between Herbert Pulitzer, Jr., a single
adult, Borrower~ and St3N BANK OF ST. LUCIE COUP7TY, Lender
W I T N E S S E T H, that
WH$REAS, Lender has heretofore made a loan to Borrowe~ ,
in the principal a-nount of Two Hundred Thousand Dollars ($200,000.00),
evidenced~by Borrower's Note in the amount of the loan dated
November 19, 1973 with a present balance of One Hundred Twenty Five
Thousand Dollars ($125,000.00) and ~
WHEREAS, Borrower has requested Lender to
modify certai-n provisions pertaining to the aforesaid loan;
- NOW, THEREFORE, in consideration of the
premises and other good and valuable consideration, Borrower agrees
~ with Lender as-follows, to-wit: ~ ,
~ Entire bal~nce of note in_ the amount of
$125,000.00 plus interest.to become due
i _ and payable June 2, 1979, Interest rate
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i 10$ per annum.
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~ -BORROWER hereby authorizes and directs Lender to take
~ any action necessary- to conform the original Note, security instruments
9 and other collateral documents to the terms as herein modified,-and '
~ by these presents accepts and confirms their liability under said -
~ Note, security instruments and other collateral documents, with the terms
. ~
,
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as herein modified. '
BORROWER further agrees that the foregoing Modification
shall in no way affect or otherwise release any collateral held by
,
~ Lender as security to said Note; but acknowledges and agrees that ~
~ ;
' all collateral held by Lender as security to said Note shall continue
~
~ to secure the Note to the same extent and in~the same manner as if
~ - -
~ the foregoing Modificiation had not been effected.
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