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MORTGAGE MODIFICATION AGREEME.VT
AGREEMENT Made this ~~day of r~aro~, 1981, by and between
JAMES E. HATFIELD and FLORIDA BANK AT FORT PIERCE, a Florida banking
corporation, hereinafter referred to as FLORIDA BANK;
WITNESSETH, that ~~HEREAS, J~MES E. HATFIELD did execute
and deliver to FLORIDA BANK AT FORT PIERCE a Promissory Note and
Mortgage Deed encumbering property described thereon, dated January
8, 1981, which Mortgage Dee~ has been recorded in O. R. Book 346,
Page 622 , of the Public Records of Saint Lucie County, Florida;
and
WHEREAS, said Promissory Note contains a typographical
error wherein it calls for payments as follows:
Principal payments shall be made quarter-annually upon
the eighth day of April, July, October, 1981 and
January 8, 1982, upon which date the balance of all
principal then outstanding shall Ue paid.
WHEREAS, JAMES E. HATFIELD and FLORIDA BANK desire to
modify said Promissory Note and Mortgage Deed so to reflect the
actual terms of the loan;
NOW, THEREFORE, in consideration of the mutual covenants
contained herein, and the payment of One Dollar ($1.00) to each by
the other, and other valuable considerations, the receipt of which
is hereby acknowledged, it is hereby covenanted and agreed as fol-
lows:
1. That tlie aforesaid payments shall be stated as follows:
Interest payments shall be made quarter annually upon
the eighth (8th) day of April, July, October, 1981
and January 8, 1982, upon which date the balance of
all principal then outstanding shall be paid.
2. In all other respects, the said Promissory Note and
l~lortgage Deed shall continue in full force and effect without modifi-
cazion, and that said Mortgage Deed shall continue to be a valid,
second Mortgage Lien upon the property therein described and as
security tor the payment of the promissory Note recited therein,
except as modified hereby.
60~K J~ PAUE ~4U•~
~~
BRENNAN, McA~ILEY, HAYSKAR, MCALILEV 6 OECKERT, FA., ATT0~7NEr5 AT LAW, POST QFitCE BpX 3779, FOFtT PIERCE, ~lA. 33454
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