HomeMy WebLinkAbout0139 ;i This instrument was prepared by:
CCnn James 0. Chastain
'r W~~~ t10R~i('~~1GE 110D 1 F I Ct~T 1011 P • 0. Box 2709 ~
t ~ - - - Vero Beach, Florida 32960 I
I LOAN !!17700
i
'.•liiEREAS, Robert N. Hebei, Jr. and Betty J. Hebei, his wife ?
' as Mortgagors, hereinafter referred to as First Party, did on March 28, 1980
i make, execute and deliver a certain mortgage deed to Security Federal Savings
and loan Association of Indian River County, a corporation org~ni~ed and ~
existing under the laws of the United Slates of Pvncrica, as mortgagee, which I
mortgage +tias recorded in Official P.eeord Book 328, page 2619Public P.ecords
II of St. Lucie County, Florida and which mortgage deed encw:~bered a ccrtain~
tract of land in St. Lucie County, Florida, described•as follows:
11
All of Lot 23 and North 30.04 feet of Lot 24, Block 1
QUAIL ACRES SUBDIVISION according to plat thereof as
recorded in Plat Book 18, Page 1, Public Records of j
St. Lucie County,~Florida
i'
j 1
i
i! !
as security for an original principal debt of $71,200.00 evidence by a
promissory note, +•~hich promissory note +•~as set out in said rnortaage deed: j
' and ~
i.
i tlfiEREAS, said mortgage and note provides for payment of ~ri~cipal
l; i
and interest at the rate of 16.5 $ per annum in equal nonthly installments
of $987.53 each, and
I' t.'HEREAS, First Party and Security Federal Savings and Loan ~
Association of Indian River County have agreed to amend and modify said note f
I
and mortgage so as to provide fora decrease of interest due there under to j
13.75 per annum and a decrease of nonthly payments due there under to
li $832.02 per nonth, and ~
' '<lHEREAS, as of October 31, 1980the principal balance due render the
said note and nortgage a~as 571,174.05 and
~ 1
~ FJ04l, THEREFORE, in consideration of the foregoing and the mutual
covenants and promises herein made, the First Party and Security Federal
Savings and Loan Association of Indian River County hereby agree as folio+•,s:.
~i 1. That the mortgage deed dated March 28, 1980 and recorded in ~
i
'Jfficial Records Book 328 Page 2619 Public Records of St. Lucie ~
County,Florida, and the note secured thereby, which note and mortgage had
I
a principal balance remaining unpaid in the amount $71,174.05 on October 31, ;
1980 shall be and are hereby rrodi'fied and amended so as to provide for
a
~ interest from Nov. 1, 1980 at the rate of13.15$per annum and equal monthly ~
installments of $832.02 commencing Nov. 15, 1980 and continuing on the I
'
corresponding day of each month thereafter until paid in full.
i'
~ 2. That this agreement shall not be deemed to modify or amend said
mortgage and note except as specifically set forth herein.
'
3. That said rmortgage and note as so modified shall remain in full
force and effect and shall be enforceable in accordance with the terms thereof
IN WITNESS WHEREOF, the First Party has hereunto set hands and seal i '
1~ and Security Federal Savings and Loan Association of Indian.River County has
' caused these presents to executed in its name, and its corporate seal to be
~ ~n ~ !
i3n~~3.P~E 1~7
x-: