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1. Mortgagors repxesent and warxant that they are the
owners of the above-described real property and that there
are no liens or encumbrances against said real property other
than L~IE A~UCCIUC~1~1(~Tlrt~ Ill~~tgf~~@ uia''.3 i~a~.i ~uis'~LQ' ~'~~t'~.S 8(.'(`.X(1~
ing subsequent to December 31, 1980.
2. The current principal balance of the indebtedness
evidenced by the aforementioned Promissory Note is in the
amount of $40,022.15 and accrued interest on said indebted=
ness has been paid through January 17, 1981.
3. The indebtedness evidenced by the above-described
Promissory Note shall bear interest from and including
January 18, 1981 at the rate of 15$ per annum and said
interest shall be payable on April 1, 1981, July 1, 1981,
October 1, 1981 and January 18, 1982.
4. The entire outstanding principal balance of the
above-described Promissory Note shall be due and payable on
January 18, 1982.
5. In the event any installment of principal or inter-
est is not paid when it becomes due, the entire amount of the
aforementioned PromissoXy Note shall become iminediately due
and payable at the option of Mortgagee.
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6. As hereby modified, all terms and conditions of the
aforementioned Promissory Note and Mortgage are hereby rati-
fied, confirmed and approved.
7. Nothing contained hexein shall be construed to ;'
impaix the security of Mortgagee under the aforementioned
Mortgage.
8. This Agreement shall be binding upon the parties
hereto and their personal xepresentatives, heirs, benefici-
aries, successors and assigns.
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B~nK 349 ~auE 357 : ~
NEILL 0111IFIN JE//RI[s i LlOrO
CHAAtCN[D
P. O. BOx ~270~ ~Oii~ P~[RCE~ ~lORiOA 73~5~ -[[IEPMONE 1~051 s6~-0200
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