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RATE OBI.IGATI(~l. ASSiMiNG Z~iAT ~ INIT7AL RATE O~F INTIItFST i~RE T~
J~F'PLY F~OR Z~ FNTIRE Zl~tM OF Z7~ NDR'PGAGE I~IFICATICN, ZHE FII1AI~ PAYN~Nr
OR T~ ~ WE tJPCt~ MA~JRITY WC)iA~ BE APPRCa?CII~ITELY $33, 591. 55,
TI~GL•`14~t WI'I'H AOCRUFD INrF.REST, IF ANY, AND AI~L- [~?DE BY ZHE
MC~t?`!C'~1C~E CR~IDER 7~ ~ OF Z4iIS M~PTG~'~C I~OIF~CATICN. TkIE ACIUAL BAI.ANC:E
W~ UP(~l t~+~'I[JRITY MAY VARY DF~?II~DTNG ~l (~1ANGE5 IN ~ RATE OF Il~TERFb'T.
MORTGAGE MO•'IFICATION AND EXTENSION AGREEMENT
. •
THIS AGREEMEr]T made and entered into this 17th day ~
of Januar~ 1985 , by and between LEOPOLD ,
ESTEiN, hereinafter referred to as Mortgagor, and FLORIDA
NATIONAL BANK, herninafter referred to as Mortgagee. ;
WITNESSETH, that
WHEREAS, FLORIDA NATIONAL BANK is the owner and holder
of a Promissory Note dated December 14, 1983 from Mortgagar
in the amount of $~11,700.00, which Promissory Note is secured
~
by a Mortgage dated December 14, 1983, recorded in O.R. Book
418, Page 2838, which Mortgage constitutes a valid first
'~ortgage lien upon the following described property situate '
in St. Lucie County, ?'lorida:
Lot 37 of MONTE CARLO COUNTRY CLUB UNIT ONE
according to the Plat thereof, recorded in
Plat Book 23, Page 25 of the Public Records ~
of St. Lucie County, F?orida,.
WHEREAS, Mortgagor ~;s ~~~•qu:~s~~•d an extensic•n ~f said
Pr ~ sso~~~~ Note ,nd a modi ica~ ;on of the terms of aid :~te
and ~he :-tgage securing payment of the same; and
WHEKEAS, Mortgaqee has agreed to the modifi~ation and
extension of ~h~ Promissory Note and Mort~ag~ hereinabove
described.
NOW, THEREFORE, for and in consideration of the agree-
ments of the Mortgagor and Mortgaget~ herein contained, and the,
sum of Ten Doll~rs ($10.00) and other valuable con::iderations,
in hand paid by each to the other, the receipt aiid sufficiency
whereof is hereby acknowledged, it is her•~by agreed as fcllows:
FIRST: That the above described Nbrtgage sh«11 conti ~~ue
to be a valid first Mortgage lien upon the pr~pert}• herein
described and said Mortgage sr?all continue to stand as security
for the payment of the sums herein recited.
SECOr1D: The cvrrent balance on the principal. as of the
date tiereof is ;41,7Q0.00.
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