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rn~iFic~za~ ~r
s~ of Fr~ulA
00[RftY OF ST. LLICIE
1HIS A between TOI ENTERPRISES, ING.
(Borrower) and S[N BANK OF ST. LiJCIE OOI~TiY (Fender) ,
WTINESSEIH, that +
~F.AS, Lender has heretofore made a loan to Borrower
in the principal amouit of $ 2 0 , 0 0 0.0 0
evidenced by Borrower's Note in the aamunt of the loan
dated April 18 ,197 7 ;and
4~~3tFAS, Borrower has requested Leader to modify certain
provisions pertaining to the aforesaid loan;
Nf7W, Zl~l3~, in consideration of the premises and other j
good and valuable consideration, Borrower agrees with Lender as follows, to-wit: ,
Z+o pay to t'~e order of I,~.nder the principle sun of $6, 409.73. (six thousand four '
hundred nine and 73/100 Dollars) with interest on the unpaid balance at the rate
of 18$ per annum, Payment too be made as follows
Installments, including principle and interest, each in the a~munt of
$231.73, payable monthly beginning one (1) month from date, each said
installment to be first applied to interest aocnied too the date of
receipt of said installment, grid the balarxae, if .any, to principal and
the balance of principal and interest payable on or before three (3)
years from date. •
Mortgage recorded in OR book 267, page 25 April 21, 1977 in the'
public records of St. Lucie County, Florida.
Rerecorded in QR book 267, page 2599 May 10, 1977 in the public
records of St. Lucie County, Florida.
Borrower hereby authorizes and directs Lender to take any action
necessary to conform the original Note, security instrut~lts and other collateral
documents to the terms as herein modified, and by these presents accepts and
confirms their liability under said Note, sec.~ity instruments and other collateral
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
said Note; but aclawwledges 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
sane manner as i.f the foregoing Modification had not been effected. j
IN WTIHESS WfiQtDOF, the parties have executed this instrument this
3 day of April 1980.
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