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~ '75639S
MORTGAGE MODIFICATION AGREEMENT
This agreement made this 28~ day of ~ , A. D., 19 86 ,
by and between - RIV~2SIDF, NATICd~1L R~K OF FZURIIaA Florids,
B~nt Nuns. C~ty and Sule
a banking association, Party of the Fint Put, and ~ID E• F~RII~td a~d BEI'I'Y Ft?RII~N• his wife
, Part l~ of tha Second Psrt.
- ~ WITNESSETH:
Q~ part is the owner and holder of that oena+n mort from the partles of the seco~d part
~ WHEREAS, the party of ihe first gage
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dated Mard1 27~ 195~ , and rocorded in Official Reoord Book , Psge of the Pubtic Reaords of
St. L11C1@ County, Ftorida,
AND WHEREAS, the psrty of the first part is now the owner and holder of that asrtsin promissory note for which said mort-
gage was given as sccurity, said note being in the original principal amount of Z'~ Tf~~ ~~ID T~~'Y
ArID 19/100- ($10,130.19) ,
AND WNEREAS, the pa?ties hereto have mutually agreed to modify the terms of uid nou a~d mortqage,
NOW, THEREFORE, in consideration of the mutual agreaments of the parties hereto, it is sgreed as follows:
(1) Upon the execution of tt?is agreement, the totsl outstanding unpaid principal under said note and mort~age is the
amount of TF~I TFD[J~I~ ~1rID I1~f lOQ- ($1Q, nnn _ nn~ .
i The parties hereto acknowledye that upon execution of this s~eement the interest on said obligation shail hsve
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been paid through Z'~,~ ~~g~ .
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~ (2) Said note and mortgage is hereby amended and modified to be payable as follows:
~ In 3 quartexly interest only payments, begiYUiing on July l, 1987 with 1
~ 1 final payment of principal ar~d aocYUed intQrest due on April 1, 1987.
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' (31 From and aher M3t'~'1 27. 1986 , interest rate on said note and mortgspe shsll be F~n
~ 75/100 percent per annum, +nterest to be computed on the
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~ unpaid principal balance.
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~ C4) This modificetion is made on the express agreement and understanding that all other provisions of ssid original note
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~ and mortgsge shall remain in full force and effect ssve snd excapt as modifisd by this syreement, a~d in the event of
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~ defo,jlt same shall at tt~e election of the mort9sgee operate to matu~e the full indebtedneu to immediate callection
and forec{osure. ' ~g
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~o~ 497 ~f 944
(OVER)
5-MTG-31 Ill/75) M 06aS~-033
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