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SECOND MORTGAGE MODIFICATION AGREEMENT
THIS AGREEMENT, made and entered into this 30th day of
August, 1979, by and between AMERICAN BANK OF MARTIN COUNTY, a
Florida banking corporation, 4313 U.S. Highway #1 South, Stuart,
Florida 33494, hereinafter referred to as the "Bank", and FRANK
E. KAEHN and PHYLLIS KAEHN, his wife, 859 S. E. Quiescent Lane, ~
Port St. Lucie, Florida 33452, hereinafter referred to as the
"Mortgagors" ,
W I T N E S S E T H
WHEREAS, Mortgagors executed and delivered a note in the
original principal sum of $18,750.00 to the Bank, which note was
secured by a certain mortgage to the Bank dated October 20, 1978, ~
and recorded in Official Records Book 296, page 1550, St. Lucie
County, Florida, Public Records, encumbering the following described
real property, to-wit:
Lot 13A, Block 531, of PORT ST. LUCIE SECTION 10, a
subdivision according to the plat thereof recorded in
Plat Book 12, page 49, Public Records of St. Lucie
County, Florida;
i
and
WHEREAS, the Bank and Mortgagors have previously entered into
e a Mortgage Modification Agreement dated January 31, 1979 and recorded
in Official Records Book 302, page 2113, Public Records of St. Lucie
County, Florida;
and
WHEREAS, the unpaid principal balance of the note is now
$18,750.00; and
WHEREAS, the Mortgagors have requested the Bank to further ~
extend and modify the terms and conditions of the said note and
ti~ mortgage pursuant to this Second Mortgage Modification Agreement.
NOW, THEREFORE, in consideration of the sum of TEN DOLLARS
~ ;
($10.00) and other good and valuable consideration in hand paid
to the Bank by the Mortgagors, receipt of which is acknowledged, t
the parties hereby agree to modify and amend the above-described ~
i
a~K 479 P~r,E 342
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