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MORTGAGE MODIFICATION AGREEMENT
AGREEMENT made this 15th day of October, 1979, by
Robert M. Dimon, Sr. and Arleen N. Dimon, his wife, hereinafter
called the Mortgagor and Florida Bank at Fort Pierce, a banking
corporation existing under the laws of the State of Florida,
hereinafter called the Mortgagee, for and in consideration of the
sum of $10.00 and other good and valuable considerations, and also
in consideration of the promises and covenants contained herein, and
WHEREAS, the Mortgagor did on the 22nd day of August 1974,
execute and give to the Mortgagee a certain promissory note and thereby
promise to pay to the Mortgagee $36,000.00 with interest at the rate of
l0.OX per annum, due and payable in sixty (60) monthly installments as
follows: .
Fifty-Nine (59) equal monthly payments shall be made in the
amount of $474.68 each, including interest at the rate of lOX
with the sixtieth and final gayment being a balloon payment in
the amount of $22,757.42, including interest at the arate of
10X. The first payment shall be made on October 1, 1974. The
final balloon payment shall be made on October 1, 1979.
WHEREAS, the Mortgagor did on the 22nd day of August 1979, to
secure the payment of the aforesaid promissory note, execute and deliver
i
I unto the Mortgagee a mortgage deed on certain lands situated in St. Lucie
i
f County, Florida described as follows:
f
d Commencing at the NW corner of Hunt Subdivisicn as shown
by plat thereof recorded in Plat Book 5, at Page 47, of
the Public Records of St. Lucie County, Florida; run
thence East a distance of 40 feet to the East right-of-
way Line of Oleander Avenue; thence run North a dis-
tance of 330 feet to the SW corner of the lands of
Will Jaquith (also known as William L. Jacquith) on
the East right-of-way line of Oleander Avenue; for
the point of beginning. Thence run East 400 feet;
thence run North 217.5 feet; thence West 200 feet;
thence run South 100 feet; thence run West 200 feet to
the East right-of-way line of Oleander Avenue; thence
~ South along the East right-of-way line of Oleander
Avenue 117.5 feet to ;the point of beginning.
which Mortgage was recorded on August 22, 1974 in the Public Records
of St. Lucie County, Florida at O.R. Boak 231, Pages 2063, 2064, and
u
? 2065; and
WHEREAS, the parties disire to make certain modifications
z
and changes in the payment of said promissory note and in the mortgage
securing the payment of said note;
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