HomeMy WebLinkAbout0994 '1~iIS IS A BAI~,UGN MC~PG~ I~IFICATI~I SflLURING A V~?RIABI~E ADJUSTABT~ ~
RATE 06LSGATICN. ASSiI?QNG 24iAT ~ INITIAL RATE OF Il+fIF~ST WERE ~0
APPLY FQR T4~ F2JrIRE Z~1 OF TE~ NC~~ NDDIFICATICN, Z4~ FII1AL PAY1~Nr ~
OR ~ BAIANCE pLIE ppCN MAZ[TRITY WCXAD SE APPRQXIMATELY $33, 591. 55,
~GEI4~t WI~i AOCRUID II~I~'T, IF ANY, ArID ALL MADE BY ~
Nl~~ UI~IDER ZI~ Z~'1~ OF ~iIS M?KPC'~GE I~DIFICATICN. ~ ALZTJAL HALArK:E
DiJE iJPCN NfAZ[JRITY MAY VARY DEPErIDIIVG CX~I ~ IN ~ RATE O~' Il~TPIItES'T .
MORTGAGE MODIFICATION AND EXTENSION AGREEMENT
fi8~~3
THIS AGREEMENT made and entered into this 17th day
of January , 1985 , by and between LEOPOLD
ESTEIN, hereinafter referred to as Mortgagor, and FLORIDA
NATIONAL BANK, hereinafter referred to as Mortgagee.
WITNESSETH, that
WHEREAS, FLORIDA NATIONAL BANK is the owner and holder
of a Promissory Note dated December 14, 1983 from Mortgagor
in the amount of $41,700.00, which Promissory Note is secured
by a Mortgage dated December 1~, 1983, recorded in O.R. Book
418, Page 2838, which Mortgage constitutes a valid first
Mortgage lien upon the following described property situate
in St. Lucie County, Florida:
Lot 36 of MONTE CARLO COI3NTRY CLUB UNIT ONE
according to the Plat thereof, recorded in
Plat Book 23, Page 25 of the Public Records
of St. Lucie County, Florida.
WHEREAS, Mortgagor ras requested an extension of said
Promissory Note and a modification of the terms of said Note i
and the Mortgage securing payment of the same; and ~
WHEREAS, Mortgagee has agreed to the modification and
extension of the Promissory Note and Mortgage hereinabove ~
~
~ described. '
~ NOW, THEREFORE, for and in consideration of the agree-
ments of the Mortgagor and Mortgagee herein contained, and the
sum of Ten Dollars ($10.00) and other valuable considerations,
in hand paid by each to the other, the receipt and sufficiency
~
~ whereof is hereby acknowledged, it is hereby agreed as follows:
FIRST: That the above described Mortgage shall continue
~ to be a valid first Mortgage lien upon the property herein
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~ described and said Mortgage shall continue to stand as security
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~ for the payment of the sums herein recited.
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y SECOND: The current balance on the principal as of the
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~ date hereof is $41,700.00.
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