HomeMy WebLinkAbout1558 . i~ ~
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this Inu?umenl wu Pr~~ed By:
Kathleen M. Smith
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Communitr fedtrai Stvings 4
i losn A;s-cution ~
Ririew &xA. ibri0~
MODIFICATIQN AGREEHENT ~
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THIS AGREEMENT, made this 22nd d~y of ~une . 1979 by and ~
between COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIATION OF RIVIERA ~
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BEACH (forr.~erly Riviera Beach Federal Savings and Loan Association),
a corporation organized and existing under the laws of the United
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Q States of America, herein called Mortoagee, and E. D. GAYNOR and
MARY JANE GAYNOR, HIS WIFE, of St. Lucie County, Florida, herein
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~ called Mortgagors: ;
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W I T N E S S E T H
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That on the 16th day of September, 1976, the Mortgagors_E. D.
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;:;s GAYNOR and MARY J1~NE GAYNOR, HIS ~VIFE, executed a certain promissory
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c:-' note secured by a mortgage which was recorded in Official Record
=j Book 257, at page 2481, Public Records of St. Lucie County, Florida,
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~ more particularly described as follows: ?
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Lot 10, Block 166, SOUTH PORT ST. LUCIE UIdIT TEN, _
' , according to the plat thereof recorded in Plat Book 15, ~
' pages 2 and 2A of the Public Records of St. Lucie County, ~
; Florida. ~
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E ~ The said note and mortgage, in the original amount of SIXTY ,
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~ ~ NINE THOUSA.9D AI~D 00/100 ($69,000.00) is payable in r.tonthly in- :
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~ stallments of Five Hundred Sixty Seven Dollars and 29/100 ($567.29) ~
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with interest at eight and three-fourths (8.75$) percent per annum.
Said monthly installments are first applied to ttie payment of
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accrued interest and second upon principal. ~ ~
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That mortgayors are now in default under the provisions of
the aforementioned note and mortgage, giving Mortgagee the right to ~
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` foreclose said mortgage. ' ~
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~ That the Mortgagors and Mortgagee now desire to modify said
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~ original note and mortgage to change the interest rate as originally
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~ set forth therein and to amend the payment thereon.
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~ , t70tV, THEREFORE, in consideration of the waiver by the '4ortgagee
~ of its existing right of foreclosure together with the mutual ~
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~ covenants and conditions hereinafter contained, as well as the ~
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~ ° R 311 ~~~E15~7 }
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