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~ . i+IQRTGAGB MODI~'ICl1TIOt~t AND BXTSNSZQN AGREBINEN~ ~
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TH=S ~GRSEMBNT, mads this lbth day o~ ~i1 1984, by and
bat~sen Ja~y H. i Carol H. McLaughlin , Hia Wile .
her~inafter called " MORTGAGOR~" and FIRST UNI4N SAVZNGS AND JAAN ~
. ASSOCx~?TION, herei.nafter callecl " MORTGAGEE ~ ~
RECITALS= . ~ . ~ '
A. MOR~'GAGEE fs the owner anc~ holder of that certain mortgage ~
~ MORTGAGE ) dated Janv~y 30,1981 Ma~e by the MORTGAGOR to MORTGAGES
recordid in official. records bookA~3 , p~qe 479 , Public Records
of St. Lucis Oaait~ Florida a securinq a debt evidenced by a
promiasory note ( NOTE ) dated J~~Y 30,3984 , which MORTGAGE encumbers
property moze particularly d~scribed in said MORTGAGE." ~
H. MORTGAGOR the owner fn fee aimple. of all ,of the prQperty
aubject to MORTGAGE, has~requested~MORTGAGEE to modify NOTE and
MORTGAGE ~nd the parties have mutually aqreed to modify.the terma '
thereof in the manner hereinafter appearinq.
NOW, TH~REFORE, in consideration of ths mutal covenants
hereinafter set forth and in consideration of the sum of TEN DOLLARS -
(S1d.00 each to the other in hand paid, and othe~c valuable .
.~eonsideratio~, the receipt and sufficfency of which is.hereby
acknowledged, the parties hereto mu~ually covenant and agree ~s
~ followst . ~ ' .
1. The unpaid principal balance of ~ NOTE is Seventy Fiv~e .1"t~ousa~nd And No/
A~nd that interes~ has i~aen paid to Febn~xy 31,1984
- 2. The terms and provisions of the NOTE are aea.etea in their
entirety, ard substituted therefore are the terms and provisions of
Exhibit "A", attached hereto and incorporated he=ein by reference,
entitled ADJUSTABLE PAYME~TT. NOTE ~
3. `The terms and pravisions of the M4RTGAGE are amended and
modified in accordance.with the terms and provision of Exhibit "B"
~attached hereto and incorpated herein by reference, entitledADJUSTABLE PA
~ RIDER
4. The MORTGAGOR hereby reaffirms all of its abligations set
forth in NOTE and MORTGAGE and aqrees to perform each and all of the .
covenanta, agreements and obl.iqations in MORTGAGE and NOTE and to be
bound by each and all of the terms and provisions of NOTE and
MORTGAGE as herein modified. ~
5. That all of the property descrihed in MORTGAGE, less any
part thereof khat may have heretofore been released, shall in a21
=especta be subject to,the lien, charg~ and encumbrance of MORTGAGE
and nothinq herein contained or done shall affect the lien, charqe
or encumbrance affected by MORTGAGE, or the priozity thereof over
other lien~, charges, encumbrances or.conveyances. ~ ~
6. Nothfng herein invalidates or'shall impair or release any
f covenant, condition, aqreement or stipulatfon in NOTE and I?iORTGAGE ~
• and the same, except as herein modified, shall continue in full force
and effect and the undersigned further covenant anc~ agree.to perform
an~i comply with and abide by each and every of.the covenants, agreements
conditions'and stipulations of NOTE and MORTGAGE which are not
. ~ inconsistent herewith.
; ~ . ~43Q ~ ~69
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