HomeMy WebLinkAbout2380 •
•
I
MODIFICATION AGREEMENT
i
STATE OF FLORIDA
COUNTY OF ST. LUCIS
THIS AGREEMENT between
R. Keith Surd II and Nancy S. Burd, his wife
' w
(Borrower) and
SUN SANK OF ST. LUCIE COUNTY (Lender),
W I T N E S S£ T H, that !
- i
WHEREAS, Lender has heretofore made a loan to Borrower
in the principal amount of~ Eleven-thousand-seven-hundred-and- ~
No/100-dollars --($11,700.00) ~ ~ '
evidenced by Borrower's Note in the amount of the loan dated
_October 7, 1977 ; and '
WHEREAS, Borrower has requested- Lender to modify certain
provisions pertaining to the aforesaid loan; .
NOW, TEiEREFORE, in consideration of the premises and
- ~ r
other good and valuable consideration, Borrower agrees with
Lender as follows, to-wit: ~ j
3
See Mortgage described in attached Exhibit "A"
Loan balance in amount $10,000.00 shall be due and
payable ~A?~~~M. ~ '
Interest rate sh 11 be 16$ per annum.
Borrower hereby authorizes and directs Lender to Eake'any
action necessary to conform the original Note, security instru- •
ments and other collateral documents to the terms as herein
modified, and by these presents accepts and confirms their
liability under said Note, security instruments and other.col-
lateral documents, with the terms as herein modified.
Borrower further agrees that the foregoing Modification
• shall in no way affect or otherwise release any collateral held
by Lender as security to 'sai.~d-Note; but acknowledges and agrees
that all collateral held by Lende!X as security to said Note shall
continue to secure the Note to the same extent and in the same
• manner as if~the foregoing Modification had not been effected.
8(101~(c~.'~ PACE~~