HomeMy WebLinkAbout0947 SP 48,197 TiiIS i.'dSir U~~.~~ ;:T f'f;EPA3i ~1 ~
Bstsy-E3~ankston '
ASSOCIAT~Q LAND 111'~_E t;i;J;;~'~ `
2~5 S 2n~ Sl, f0~~i PIERCf, FLO?;Ilifl ~I
~'39.g.1.'7
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MORTGAGE h10DIFICATION AND EXTENSION AGREEMENT
THIS IIGREFMENT, made this 24TH day af OCTOBER 198 6 , by
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and between JOSEPH J. AND CARMEN BROWN ~
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hereinaf~er called "MORTGAGOR" and AA9ERICAN PIONEFR SAVINGS BANK, ~
hereinafter called "MORTGAGEE".
1
RECITALS: ~
A. MORTGAGEE is the ~wner and holder of that certain Mortgage
(MORTG~GE) dated JUNE 11, 1986 , made by the MORTGAGOR to
1620 f
MORTGAGEE r.ecorded in Official Records Book 503 , at Page ,
Public Records of s'r. LUCIE County, Florida; securing a '
debt evidence by a Promissory Note (NOTE) dated JUNE 11, 1986 ~
which MORTGAGE encumbers property more particularly described in
said hiORTGAGE.
B. MORTGAGOR, the owner in fee simple of all of the property t
;
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' subject to MORTGAGE, has requested MORTGAGEE to modify NOTE and ~
MORTGAGE and the parties~have mutually agreed to modify the terms ~
thereof in the manner hereinafter appearing. j
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f NOW, THEREFORE, in consideration of the mutual covenants ~
hereinafter set forth and in consideration of the sum of TEN DOLLARS
E ($10.00), each to the other in hand paid, and ather valuable
E
consideration, the receipt and sufficiency of which is hereby
acknowledged, the par~ies hereto mutually covenant and agree as
' follows: -
~ l. The unpaid principal balance of the NOTE is $ 2g,500.00 •
And that interest has been paid to NoVEMBER 1, 1986 •
2. The terms and provisians of the NOTE are delefied in their
entirety, and subs~~tuted therefore are the terms and provisions of
Exhibit "A", attached hereto and incorporated herein by reference,
entitled t~~~ ,
3. The MORTGAGOR hereby reaffirms all of its obligations set
T forth in NOTE and MORTGAGE and agrees to perform each and all of the
covenants, agreements and obliga~ions in MORTGAGE and NOTE and to be
bound by each and all of the terms and provisions of NOTE and
MORTGAGE as herein modified.
4. That all of the property described in MORTGAGE, less any
' part thereof that may have heretofore been released, shall in all
respects be subject to the lien, charge and encumbrance affected by
,
biORTGAGE, or the priority thereof over other liens, charges,
encumbrances or conveyances.
F' 0~? 0 P~,GE~ i
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