HomeMy WebLinkAbout0934 . s ~ ~ ~ ~ ~ ~ .r ~
r~• ~ D:aRTG~+G~ I•:ODI i ICATIO:~I ~D EXT.:.':SIO:~ F+GREF.'•:E~T
'7''1~6954 i
THIS AGREEMEI~T, made this 21st day of July 1986, by and
between RONALD E. DOUGNTY and SHARON DOUGHTY, his wife
hereinafter cal3ed " MORTGAGOR " and AMERICAN PIONEER SAVINGS BANK
called " MORTGAGEE
RECZTAI.S :
A. MORTGAGEE is the owner and holder of that certain mortgage
( MORTGAGE ) dated March 17,1986n;ade by the MORTGAGOR to N,QRTGAGEE
recorded ir~ official records book 4g~ , page 129 , Public Records
of St. Lucie County , Florida: securing a debt evidenczd by a
promissory note ( NOTE ; dated March 17, 1986 , which MORTGAGE en~umbers
property more particularly described in said MORTGAGE.
B. MORTGAGOR , the owner in fee si.~ple of all of the property
subject to MORTGAGE, has r.equested MORTGAGEE to modify NOTE and
MORTGAGE and the parties have mutually agreed to modify the terms
thereof in the manner hereinafter appearing.
NOW, THEREFORE, in consideration of the mutal covenants
hereinafter set forth and in consideration of the sum of TEN DOLLARS
($10.00 each to the other in hand paid, and other valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto mutually covenant and agree as
follows;
l. The unpaid principal ba~ance 3f NOTE is $ 41,000.00. -
And that interest has been paid to July 31, 1986.
2. The terms and provisions of the NOTS are deleten in their
entirety, and substituted therefore are the terms anc~ provisions of
Exhibit "A", attached hereto and incorporated herein by reference,
entitled "NOTE".
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3. The MOFTGAGOR hereby reaffirms all of its nbligations set
forth in NOTE and MORTGAGE and agrees to perform each and aIl of the
covenants, agreements and obligations in MORTGAGE and NOTE~and to be
~ound by each and alI of the terms and provisions of NOTE and
MORTGAGE as herein modified.
That all of the property described in MOFTGAGE, less any
par~ thereof that ma~ have heretofore been released, shall in all
zespects be subject to the lien, charge and encumbrance of N.ORTGAGE
and nothing herein c~ntained or done shal~ affect the lien, chazge
or encumbrance affected by MORTGAGE, or the priority the~eof over
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other liens, ~haryes, encumbrances or con~eyances.
• 5• No~hing herein invalidates or shall impair or release any
cc~venant, condition, ~greement or stipulation in NOTE a:~d MORT~AGE
and the same, except as herein modified, shall continue in full f~orce
and ~ffect and the undersigned further covenant and agree to perform
and comply with and abide by each and every of the covenar~ts, agreem~nts,
conditions and stipulations of NOTE and MORTGAGE which ~:-e not =
inconsistent her~:~:ith.
goo~511 ~~~E ~33
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