HomeMy WebLinkAbout1519 WHEREAS, said first mortgage dated July 11, 1979 was
recorded on July 12, 1979 in Official Record Book 312 at
page 1595 of the Public Records of St. Lucie County, Florida;
and
WHEREAS, Mortgagor is the present owner of the above
described real property; and
WHEREAS, the parties hereto desire to modify the terms of
payment of the indebtedness evidenced by the aforementioned
promissory note of Mortgagor.
NOW, THEREFORE, in consideration of the premises and
mutual covenants hereinafter set forth, the parties hereto
agree as follows:
1. Mortgagor represents and warrants that it is the
owner of-the above described real property and that there are
no liens or encumbrances against said real property other than
the aforementioned mortgage and real estate taxes accruing sub-
sequent to December 31, 1979.
2. The current principal balance of the indebtedness
evidenced by the aforementioned promissory note is the amount
of Eighty-Three Thousand Three Hundred ($83,300.00) Dollars and
accrued interest on said indebtedness has been paid through
May 1~, 1980.
3. The indebtedness evidenced by the above described
I promissory note of Mortgagor shall henceforth bear interest
e
at the rate of Thirteen and one-half (13-1/2$) percent per annum
and shall be payable in consecutive monthly installments due
the ~ ~ - day of each month, in the amount of One Thousand
Five ($1,005.76) Dollars and 76/100 commencing on the ~ day
of June, 1980 and continuing until the 1~~ day of May, 2000,
whereupon the entire unpaid principal balance and accrued interest .
shall be due and payable. Each such installment shall be first
applied to the payment of accrued interest and then to the unpaid
a
principal balance. All .sums in default shall bear interest at
the then highest lawful rate of interest per annum in the State
of Florida.
_ ~ 33 ~ /S/ q
NEIIL dRIFFIN JEFFRIES i lLOYO
- CHARTERED _
P. O SOX 1270. TORT PIERCE. FLORIDA 33450 - TEIEPNON[ (306)464-6200