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Southeast banks
MORTGAGE MODIFICATION AGREEMENT
Thb agreement math this 18th ~y ~ Jules . A. D., tg 80 ~
by and between SOUTHEAST FIRST NATIONAL BANK OF FORT PISRCB, FORT PISRCB Florida,
muwts NwM~ wNO crTv
• banking aaodation, Party of the First Part. and, Robert Rider and FeStY Rider, bis wife
, Pait-~_of the Second Part.
MnTNTH: .
WHEREAS, the party of the first part is the owner and holder of that certain nwrtgape from the psrt~L of the second part
June 29, 1979 ~ and in OffidM i3.oord Book 313 ~ 87-90~ ~ P~Iic Records ~
St. Lucia County, Florida,
AND WHEREAS. the party of tM first part is now the owner and holder of thst certain promissory note for which said mort-
lMip wss given as security, ssid note being in the original principal smount of TR RTV ~nrt~dun e~tn Nn/100--------
- --------$.~a00D,-00--- -
AND WHEREAS, the parties heroto have mutually spread tQ modify the terms of said note snd rtwrtpepe, ~ .
NOW, THEREFORE, in consideration of the mutual spreements of the psrties hereto, it is spread as fellows:
111 Upon the execution of this agreement, the tiotsl outstanding unpaid prinapal under said note and mortgage is the -
' THIRTY THOUSAND AND-NO/100 ($30,000.00)
amount hf _
~ . - . ~ ~'i`ik parties hereto sdknowledge that upon execution of this agreement the interest on said obligation shall have
E ~ .
' ~ ~ - 'Jul 18, 1980
bwn paid through y
121 Said riots and mortpags is hereby amended and modified to be payable as follows:
Intrest rate increased to 129. Repayable in 59 payments of $330.33
aced a~balloon of $27,853.38 ,Due on the 18th of July, 1985.
131 From and after July 18, 1980 ,interest rate on said note and mortgage shall ~Tsrelve
percent ( 12.00 y~l ~ annum, interest to be computed on the
unpaid prinapal balance. -
11?f1 This modification a made on the express sgroement arid understanding that all othe~prOvisi~ns; of said original note
and rrwrtgape shall romain in full force and effect save and except as modified by this ageepMnt, and in the event of
defauh ssms shall at the election of the mortgagee opsrste to msturo the full iciQeMltkie~s'to immediate collection
ar~f foreciostrro.
IOYERI
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