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482532
MODIFICATION AGREEMENT
STATE OF FLORIDA
COUNTY OF ST. LUCIE -
THIS AGREEMENT between Charles J. Deakins and Gladys J. -
Deakins, his wife
• (Borrower) and
SUN BANK OF ST. LUCIE COUNTY (Lender), ~
W I T N E S S E T H, that
WHEREAS, Lender has heretofore made a loan to Borrower
in the principal amount o-f Twenty-five-thousand-and-n0/100------
dollars ($25,000.00)
evidenced by Borrower`s Note in the amount of the loan dated
January 3, 1974 ; and - -
WHEREAS, Borrower has requested Lender to modify certain '
provisions pertaining to the aforesaid loan; -
NOW, THEREFORE, in consideration of the premises and
other good and valuable consideration, Borrower agrees with
I
Lender as follows, to-wit:- The principal balance of the
mortgage loan in the amount of $17,135.20 shall be payable
E as follows: 119 consecutive monthly payment of $263.77
E shall be due and payable on the-first day of each month
beginning May 1, 1980; apply payment first to interest,
balance to principal. The entire unpaid principal balance
and interest shall be due April 1, 1990. Interest rate.
is 17$ per annum.
Mortgage recorded Jan. 4, 1974 in O. R. Book 222 page 1434
Public Records of St. Lucie County, Fla.
Mortgage Modification Agreement recorded April 19, 1977 in
O. R. Book 266 page 2652 Public Records of St. Lucie County, Fla.
Borrower hereby authorizes and directs Lender to take 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 t
liability under said Note, security instruments and other col-
lateral documents, with the terms as herein modified. -
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Borrower further agrees-that the foregoing Modification
shall in no way affect or otherwise release any collateral held
by Lender as security to said Note; but acknowledges and agrees `
that all collateral held by Lender as security to said Note shall
continue to secure the Note to the same extent and in the same F
manner as if -the foregoing Modification had not been effected.
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