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AGREEMENT FOR MODIFICATION OF MORTGAGE - DAT ~ ~l98~
MORTGAGOR: D'ADDARIO, MICHAEL F. ADDRESS OF PROPERTY:
D'ADDARIO, BERNICE 548 S.E. Crosspoint Dr.
Port St. Lucie, Fla. -
VA/FHA NUMBER: 094-113043-270 III
TO: FEDERAj. NATIONAL MORTGAGE ASSOCIATION (FNMA) 4 ~4~~
The Mortgagor identified above (the "Mortgagor") hereby applies for a modification
of the principal amount-and payment provisions of the above numbered account, covering
an indebtedness owing from Mortgagor to FNMA (the "Mortgagee") evidenced by a note and
secured by a real property mortgage recorded in the public records in the County of
St. Lucie, State of Florida, in Offi ial Records Book 320, page 2915, and re-recorded in
Official Records Book k~, page ~ (the note and real property mortgage are
referred to as the "Mortgage") and the Mortgagor represents and agrees as follows:
1. Mortgagor is now the sole owner and holder of the real property encumbered by
the mortgage.
2. Terms of the mortgage are modified by changing the principal balance thereunder
to the sum of $ 51,050.00. as of the 23rd day of November, 1979 and by changing
the equal monthly installments thereunder to those set forth in Schedule A below.
3. The payments specified in paragraph 2 will be made by Mortgagor and Mortgagor
further agrees that:
(a) All of .the rights and remedies, stipulations and conditions contained in the
mortgage relating to default in the making of payments under the mortgage shall also
apply to default in the making of modified payments hereunder.
(b) All covenants, agreements, stipulations and conditions in the mortgage shall be
and remain in full force and effect except as herein modified and none of the mortgagor's
obligations or liabilities under the mortgage shall be diminished or released by any
provisions hereof, nor shall this agreement in any way impair, diminish or affect any
of the Mortgagee's rights under or remedies on the mortgage, whether such rights or
remedies arise thereunder or by operation of law. Also, all rights of recourse to
which-the Mortgagee is presently entitled against any property or any other persons in
any way obligated for or liable on the mortgage are expressly reserved by the Mortgagee.
(c) Mortgagor agrees to make and execute such other documents or papers as may
be necessary or required to effectuate the terms and conditions of this agreement which,
if approved and accepted by the Mortgagee, shall bind and inure to the heirs, executors,
administrators, and assigns of the Mortgagor.
4. For the purpose of inducing and influencing the Mortgagee to execute this
agreement, the undersigned represents of his own knowledge, the names of all owners
or other persons having an interest in the mortgaged property are as follows:
MICHAEL F. D'ADDARIO BERNICE D'ADDARIO
All such persons are of legal age, and none is under any legal disability, except
as follows: -
NONE
I
Witnessed by: ~ _ ~ /
MI L F. D ADDARIO
-
1 BERNICE D'ADDARIO
The foregoing instrument was acknowledged before me this day of February,
1980, by Michael F . D' Addario & Bernice D ~Addario
~ Schedule A: N- otary Public
~ 387.78 during the 1st note year ~ -
416.86 during the 2nd note year 1MCMAi3 R. oAVIS o•'`~; ~ ~:;:~"ti ~ : ,
P ~ Y ~ f.
E 448.13 during the 3rd note year Mol~y ~K• scm• o' F,_.~ds at terpe ; ~ ' j'-.. _
481.73 during the 4th note year M~ ~'~0° ~M ~ ~ 1>~t ~ ~ ~ , ~ •
;
517.87 during the 5th note year
556.71 during the 6th note year ~ j,~•:ii,'~ :
and thereafter F~~ 2$ i~ ~Z ~7; _ .
fILEO AMG fECORUiO '~-•J,;,
4 .
ST.LUCIE COI:NTY.FLA.
RGGrit F'GiTRAS
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