HomeMy WebLinkAbout0998 I~TIONd1L B~1I~IIt t,o modify and extend the tern~s of said Note and Mortgage as
herein described and in further v~nsideration of the s~an of $10.00 ar~d other
valuable ~onsiderations, to each of the urr3ersigned paid by the ot-her, the
reoeipt ancl sufficietx.y whe„reof is herd~y ackr~owledged, it is hern~y ~reeci
as follaws:
FIRST: Zriis Agre~t shall be effective as of November 30, 1984.
SDOCt~ID: ~hat the above ciescribeci Mortgage shall oontinue to be a valid
seoorxi I~brtgage lien upon the property therein described exc~ept as to partial
releases heretofore given ar~d said Nbrtgage shall st,and as security for t~
paymeait of s~uns listed belaw.
~IIRD: Zhe current balaitoe of principat as of Nov+ember 30, 1984, due
upon t~~e above described Note is $42,OOO.Q~.
FOUR~i: The rate of interest originally stated in the Pranissory ~ote
had been modified by the Modification and E~ctension Agre~nent dated JanuaYy 27,
1984. The rate of interest stated in the abave ~escri,bed P.rcmissoxy Note, as
ame.*~dEd, is hereby furthQS amended to hereafter rea~i and accrue interest at the
rate of 13.25$ per annun.
FIFI~i: ~fie repayn~ent schedule in the above described Pranissory Note, ar~d
as amer~ded by the Nbdification ar~d ~ctension Agreanent dated January 27, ~984, is
hereby ameryded to read that the outstanding principal bal~ce shall be due and
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payable upon the 30th day of Novgnber, 1985, ar~d interest shall be payable quar-
terly upon the 28th day of Februaiy, 1985, ar~d the 30th day of May, August, ar~d
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November, 1985.
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~ SIX'IH: All other teYms ar~d aonditions oontained in said Note and Nbrtgage
described above are hereby inoorporated herein by reference and made a part of
this Agreesrent, ar~d except as herein modified and ext~rr3ed, shall remain in full
force and effect.
~ SE~1F31PH: This Rgreem~nt shall be bir~ciing upon arxi shall enure to the
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~ benefit of the heirs, personal re.presentati:~~s, administrators, suocessors, and
~ assigns of the parties hereto.
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~ IN WI*INESS Wt~DpF, th~e parties have hereunto set their hands ar~d seals
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~ the day and year first above written.
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~ DCX~IAID E. JA(JOB.SoN, a general partner
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Florida Partnership
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