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HomeMy WebLinkAbout0701 ~ ,,,,r". ~ Southeast Banks 4~~s -,t~,r; _ MORTQAOE MODI FICATION A©REEMENT Southeast First National Bankof Ft. Pierce P.O. Boac 970 _ Ft.piarce, fla. 33450 This agreement made this day of Sept. ~ , A. O., tg 80 , by and between SOUTHEAST jjE~io 1`Rank of Ft. Pierce, Ft.Pierce, .Florida, A~IIIr1ATai MAMt Aiip CITtl a banking association, Party of 1M First Part, and Vernon M. & S~rslyn fl. Chri'stiaaaoa _ . Part ~_of the Second Part. tlY1TNESSETH: WHEREAS, the party of the first part is the owner and holder of that certain mortgage from the party of the second part dated March 12, 1980 ,and recorded in Official Record Book 328 ~ p~ 1034 of the Public Records of St. Lucie County. Florida... AND WHEREAS, the party of the first part is now the owner and holder of that certain promissory note for which said mort- gage.was given as security, said note being in the original prinapsl amount ofd 14f0IISAND DOLLARS ---no/100----- , AND WHEREAS, the parties hereto have mutually agreed to modify the terms of said note and mortgage, NOW, THEREFORE, in ooruideration of the mutual agreements of the parties hereto, it is agreed as follows: - (11 Upon the execution of this agreement, the total outstsndirp unpaid prinapal under said note and mortgage is the ' SIR'18ffii ~DIISAND ONS HUNDRED FORTY EIGRT DOLLARS ---16/100-------------- amount of: The parties hereto sdcnovrledge that upon execution of this agreement the interest on said obligation shall have been paid through Sept. 4. 1980 (2) Said note and mortgage is hereby amended and modified to ba payable as follows: " 72 equal payments of $224.28 begimning on Oct. 4, 1980 and on the same day of each month there after until this note is paid. 13) From and after ~.gp~ 4. 1980 ,interest rate on said note and mortgage shall be Fourteen per-cent percent ( 14' per annum, interest to be comlwted"on the unpaid prinapsl balance. f41 This mo~fication is made on the express agreement and understanding that all other provisions of said original note and mortgage shall remain M full force and effect'ssve and except ss modified by this agreement, and in the event of . ' mortgagee operate to msturo the full indebtedness to immediate collec/ion ' defwlt same shall at the ~Iection of the and foredowre. e a i . - ' i t (OVERT ~ MTCS-ai tiinst M oso•ss-oss ~ ~A ~ 1 ~ ~ ~S'` ' 6U0 ~ PAtiE . : L• ~ l . ~ H -