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South~east 6anks -
MORTOAOE MODIFICATION A(~REEMENT
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Thi: spreement made thi: 2Jth d~y of June . A. p., 1~ 81 , ~
by and between SOUTHEAST- F~rst National Bank ~f Fort Pierce, Fort Picrce p~i~,
AIIII.IATt NAMt AMO CIT1/
a bsnkinp ~~tion, Psrty of th~ Fint P~rt, snd Kobert E. Deerv, and El i zabeth S. Deer~. . ~
his wife ~
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. Pan ies of th~ S~oa~d Psn.
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, WITNESSETH: :
WHEREAS, the psrty of the fint part is the own~r and holdK of that pnain mort~ from tM putl~ of ttN s~oond put
_ December 1. 1980 , and noo~ded in Offiaal R~oord Book.3~.. PpR2,II~._ of tlw Public R~o~~ of
St . Lucie County. Florida; . '
AN~ WHEREAS, tM psrty of the fiat pa?t is now th~ owrn~ snd hold~r of that eKtain promissay noti for which aid mort-
~age was ~iven as security, ssid note beinp in th~ ori~in~l principsl a~nount of One Hu ndr~d Eiq htv-~'ive
~'housand Dollars and no/100---------------------------(S~si,,004_~j~)-- ,
AND WHEREAS, the parties hereto hsw mutually spr~sd to modify ths brms of said ~ot~ and nwrtp~,
NOW, THEREFORE, in oonsidtntion of the mutual s~reem~nts of tht p~rties Mnto, it is pned ss fdlowt:
111 Upon the execution of this spraement, the total outswidinp unpaid prinapsl under ssid noLe and mort~sp~ is tfis
. smountof One Hundred Eiahtv-Five Th~usand Dc~liars ~r,c-3 ~,r;/l~ln--•-----------,
The psrtia heroto scknowled~e thst upon execution of this spnement d~e intertst on ssid oblipttion shall have
besn paid thraiph Ju ne 19 9 81 ,
(2) Said note and mort~age is hereby smended and modified to be psyable a follows:
240 consecutive r:lunthly installmeiits c~i $2, 436.4-~ including interest
i~eginning Jul; 20, 1981 and on the 20tn day of eacn month thereafter
until maturity . -
13) From and after ju n e 2 j Q g 1 interat nLe on said nob snd nwrtppr shall bs F i ft ~ e n
psrcant 11~..Q_%) pu snnum, inanst to be oomputad on th~
unpaid principsl bslanae.
(4) This moaificstion i: msde on the expross spnement and undsrstandirq thst all othtr provisiora of ssid ori~insl noa '
and mortgape shsll remsin in full foroe ~rd effect save and exoept as modifiad by thi: s~r.em~nt, and in ths ivent of
• default same shall st tfis elsction of the mortppse operste to msturo the full indsb~dness to immsdiate odlection
and foreclowre. -
IOVERI
~INT<i-~1 (11/7i) M O6PS~-03S
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