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MORTGAGE EXTENSION AGRSEI~IENT -Page Two
WHEREAS, Borrower is the present owner of the above
described real propertys and .
WHEREAS, the parties hereto desire to modify the
terms of .payment of the indebtedness evidenced by the afore-
, mentioned promissory note of Borrowers
NOW, THEREFORE, in consideration of the premises and
mutual covenants hereinafter set forth, the parties hereto
agree as follows
1. Borrower represents and warrants that they are -
the owners of the above-described real property and that there
are rro liens or encumbrances against said property other
than the aforementioned mortgage and real estate taxes accru-
- ins subsequent to December 31, 1979.
2. The current principal balance of the indebtedness
evidenced by the aforementioned promissory note is in the
amount of $35,426.61, and accrued interest on said .indebted-
. Hess has been paid to the date of this agreement.
3. The indebtedness evidenced by the above-described
promissory note from the. date hereof shall bear interest at
the rate of 11-3/4 ~11.758~ percent per annum and shall be payable
in full February 1, 1980. - .
4. Except as hereby modified, all other terms and
conditions of the aforementioned promissory note and mortgage
are hereby ratified, confirmed and approved.
5. Nothing contained herein. shall be construed to
impair the security of Lender under the aforementioned wort-
gage-
6. This agreement shall be binding upon th,e parties
~ hereto and their personal representative, heirs., b?enef~ciaries,
successors and assigns.
? NQLL ORIFPIN J[//RI[i i LLOYD
CNARtEREO -
3 O~ SO% It70. iO11T /IERCE. iLORIOA 33460 - TEL[M10NE h05) 464-6200 .