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MORTGAGE MODIFICATION AGREEMENT
THIS AGREEM~:NT, made this Z5T" day o~ Augi~st A~D. , 1986, by ~
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and between FLOYD C. WELCH, alsa known as FLOYD WELCN, as ~
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Trus~ee, hereinafter referred to as "Mortgagee", and MAURICE D. !
SNYDER, as Trustee, Zie~einafter referred to as "Mortgagor", j
t9 I T N E S S E T H; t
WHEREAS, Mortgagee is the owner and hol~er of a mortgage and ~
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indebtedness secured thereby executed by Mortgagar and describec~ i
as follows:
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Mortgage dat~d June 29 A.D., 1979, securing $220,000.00,
to FLOYD C. WELCH, also known as FLOYD WELCH~ as Mortgagee, as
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; recorded ~n O.R. Book 311, at Page 2243, of the PubZic Records of
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E St. Lucie County, Florida, said mortgage encumbering real
pr.operty in St. Lucie County,_Florida, more particularly ~
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' described in said mortgage, which has been assigned to Floyd C.
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~ Welch, as Trustee of the Declaraicion of Trust dated August 26,
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1982, by assignment filed in O.R. Book 387, Page 1523, Public
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j: Records of St. Lucie County, Florida~
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~ WHEREAS, the legal description of said mortgage encumbered
an incorrect legal description.
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NOW, THEREFORE, in consideration of the sum of One Dollar
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~ ($1.OQ), each ~a the other in hand paid, the receipt whereof is
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acknowledged, Mortgagor and Mortgagee do, by these presents,
' covenant and agree as follows:
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~ 1. The 1ega1 description reflected in said mortgage as is
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~ recorded in O.R. Book 311, at Page 2243, of the Public Records of
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; St. Lucie County, Florida, is changed to reflect the following
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legal description:
~ ~ SEE ATTACHED EXHIBTT "A"
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~ 5 2. Except as herein modified, all other terms, conditions,
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~ and covenants of the mortgage deed dated June 29 A.D., 1979,
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t as is recorded in O.R. Book 311, at Page 2243, of the Public
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; Records of St. Lucie County, Florida, and the promissory note
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g secured thereby, shall remain in full force and effect.
3. This Agreement shall inure to and be binding upon the
~ BUGK FAGE i7~ (
LAN OPPICES OF SNEED &~fESSER, P. A.,700 VIROILiIA AVENUE, SUITY. 104-SUN DANK BLDt3., FT. pIEHCE~ PLORIDA 334C0 (a05~ 46b-2330
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