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i11.~.1~t11 TO lq?,FT.{ Tl•'='0, ACTt OF »)L
F.~:A P~ITFJS
atkK q:.~111T CGt1~T, ST. Ed61E ~~q 0
MORTGAGE MODIFICATION AGREEMENT
WHEREAS, MACK M. JORDAN and EVA JORDAN, his wife,
loaned JOHN R. MAY and MARG RIT MAY, his wife, the sum of
THIRTY-TWO THOUSAND FOUR HUNDRED FIFTY and 00/100 ($32,450.00)
Dollars evidenced by a Promissory Note, secured by a certain
Mortgage dated June 28, 1977, recorded in O.R. Book 270,
Pages 1664-1666, St. Lucie County, Florida, encumbering the
following real property in St. Lucie County, Florida to wit:
All of Lots 19, 20, 21, 22 and 23, TOP OF WALTON,
according to the Tlat thereof recorded in Plat
Book 7, Page 1, of the Public Records of St. Lucie
c3 County, Florida.
which is hereby- referred to as apart of this Agreement; and
i~ WHEREAS, in settlement of certain disputes and differences
• between them, tree parties hereto desire to modify and amend
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the terms of said Promissory Note and Mortgage.
NOW THEREFORE, inconsideration of the mutual covenants
- - and the promises set forth herein, and other good and valuable
consideration, the parties agree as follows:
1. The provisions of said Promissory Note dated
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'I June 28, 1977, and recorded at O.R. Book 270, Page 1665, of f
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! the Public Records of St. Lucie County, Florida, and incorporated
in the aforesaid Mortgage shall be amended to read thusly:
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35,000.00 November 1, t9 80
S STUART, Ftorda,
FOR VALUE RECEIVED, the undersigned, jointly and tewrally PROMISE TO PAY tc tM order of
MACK M. JORDAN and EVA JORDAN, his wife
THIRTY-FIVE THOUSAND and 00/100-------------------------------- DOLLARS,
at 2530 N.E Indian River Drive, Jensen''Be77a~~ch, FL 33457 wwchotherpladestMholder
1 hereof may desgnate rn writrrq, toyethe? with interest from date at tM rate of Wiper centum pN annum on tM unpad balance until maturity. 1
The saki principal snd interest shalt be dw and payable in equal monthly installments of $517.4 4 ,
interest and principal. The first payment is to be made one month from
the date hereof, and payments shall continue monthly thereafter for a
period of ten (10) years; through and including December 1, 1990.
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U dllalNt D! made for 15 days rn the payment of any rnslaUrnlnl o/ prmupal or mlerest or anY part Ihereo/, the whop Sum then renrarmn0
nnpard with ,nterest shag at holder's opUOn oetome due and payable wrlhaul rwUCe. t' adore to e>teruS! such option shall not co~M~ ~ waiver o1 the
i ^qht fo laeruse the sam! m th! !vent o1 wOsequent default. Allen matur,ty both prmupal and accrued mterlsl shall otar ,nterest atG er centum ne.
f annum unto yard. the maherT and endorsers o1 thK not! Iurlher waive demand, noUCe o1 non-payment and Protest. 11 this note rS not pa~tl al n,atwrly
.,^d Ih! Lm~ rS ptacM wrlh an aU nr my /ur eolllCt,on, the makers arsd endorsers htreul agr!! to Day alt Costs U/ COIIN UOn, ,nC11W mq all court mSts and
reasonaple attorney lets.
S/ John R. May IsEA~I
Q JOHN R. MAY
0 ~ ISEAII
~ MA GRIT MAY 80UK PAGE
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