HomeMy WebLinkAbout0871 • FA-1140 ~ l
~ 483590
MODIFICATION AGREEMENT
AGREEMENT made this 4th day of March, 1980, by
EUGENE C. DICKSON and ANiTA MARIA DiCKSON, his wife, hereinafter
referred to as "Parties of the First Part", and AVON MANOR, INC.,
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a Florida corporation, hereinafter referred to as "Party of the
Second Part", for and in consideration of the sum of $10.00
and other good and valuable considerations, and also in
consideration of the promises and covenants contained herein,
and
WHEREAS, the Parties of the First Part did on the 14th
day of January, 1979 execute and give to the Party of the Second
Part Articles of Agreement, and. thereby promise to pay to the
Party of the Second Part $15,000.00 tr~ith interest at the rate of
10 per cent-per annum due and payable as follows: an initial
payment of $1,500.00 and the balance in equal monthly installments
• of $178.41,.principal and interest. Said Articles of Agreement
encumber the following described real property:
Lot 31, Block B; AVON MANOR SUBDIVISION, Unit
No. 1, according to the•Plat thereof recorded
in Plat Book 16,-Page 19, Public Records of '
II St. Lucie County, Florida; '
f and
I WHEREAS, the parties desire to make certain modifications
and changes in the payment of said Articles of Agreement;
NOW, THEREFORE, it is hereby agreed by and between the
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parties hereto that the Articles of Agreement described herein
are modified as follows:
(1) Paragraph 1 of said Articles of Agreement shall read.
as follows:
~ "1. To pay to the Seller the sum of $15,000.00 for said
land in the manner following: $1,500.00 cash in hand paid,
the receipt whereof is hereby acknowledged; $178.41 on or
before the~lst day of March, 1979, and $178.41 on or before
~ the first day of. each month thereafter through February 1,
1980, said payments to consist of principal and interest
at the xate of 10 per. cent per annum on the unpaid principal
~ balance; and $196.37 on or before the first day of March,
1980, and $196.37 on or before the first day of eAch month
thereafter until there shall have been
paid the balance of
the principal sum together with interest on principal balances
remaining unpaid from time to time at the rate of 12 1/2 per
cent per annum, computed monthly; all payments to be first
apply to interest then due and the remainder to principal; ,
and other sums of money provided for in this agreement. All
payments to be made at the existing office of the Seller or such
other place or places as the Seller shall from time to time
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