HomeMy WebLinkAbout1712 t
• I.
MUUIFICA'1' ~ .)CJ AGRL•'L-'t•1L~N'f
STATE OF FLORIDA 4~Iirv~
COUNTY OF ST. LUCIE
TliIS AGREEMENT between DAVID L. WALKER, as to an
undivided 1/2 interest; KENNETH L. NEILL, as to an undivided 1/4
interest; ROY L. NEILL, as to an undivided 1/8 .interest; and
JAMES hAVID NEILL, as to an undivided 1/8 interest
(Dorrower) and
SUN BANK OF ST. LUCIE COUNTY (Lender),
' W I T N E S S E T II, that
WIiEItEAS, Lender has heretofore made a loan to Borrower •
in the principal amount of Two Hundred Twenty-five Thousand and
NO/100 Dollars---------- ($225,000.00)
evidenced by borrower's Notc in the amount cif Cite loan
dated Nov. 27, 1978 and
WlIERL'11S, Borrower h~-ts reyuested Lender to modify certain
~-~v.a.~avu.o ~;t,aa-uiiiiity w t_It~7 .f1VLt'Sc.1].Cr loan
• NO~V, TIIEREFORE, in consideration of the premises and other
good and valuable consideration, Borrower agrees with Lender as
follows, to-wit:
Entire balance of note in the amount of $225,000.00
_ plus interest to become due and payable November 27,
1980. Interest shall be payable quarterly.
i
Interest rate 13$ per annum. `
f! Mortgage dated November 27•, 1978, recorded November
27, 1978 in Official Record Book 298, page 1898 o f
the Public Records of St. Lucie County, Florida.
I3orroe•,cr hereb~• ~>>tt-h~ri zes anti directs Lander to tirLn
an, ~~cti~n necess:~tr}• to confirm +lte nricti nat 1Jotc•, security instruments
~~nd ~th~r coll.-tt_rral. ~i~cument.s to the l~~rms as herein modified, and
by these I~resents ~•t~~cr•pts ~Znd confirms l Itei r 1 iabi 1 i t}• under said
Note', security instruments and other collateral documents, with the
terms as hrrnin mc~dificd.
Bc~rrc~we~t further aurr~~s that. the forc•L~c~ing ~todiCic-:~t i~~n
-sha l l in nn a•ay f f ~~-t car of h~~rwi:;~ rol ~asc an}• c-ol latcr.~ l h~~ l •t I,z
bender a'; sr.~•uri ! •t• t-r, i~t t!c~t~; but a~-knowl~dct~~s ~-tnd agrees th<~t
all c•c~ll.~tc•t'nl h~•ld ley 1,~•r?dr~r a~ ~:~curit}' tc~ s,~ici ilc~te shall. c•c~ntinue
to securr l h~~ tlr,t e I t h~• ~:~me extent. and i n th~~ same manner as if
s: the foregoing Mod i f i r-:t 1 i on had tto t been c f f ec tcd .
~•i
~
~:r" f .
j '
~ r~R E~~TO?
f