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7NIS IS A~OON P~qIt'PC~1GC SI.GUItING; A VA1tIl~DLC RATC OBLIGIITION. ASSiA~iiNG TEi~1T ZtiC
INITIAL RATE OF ~ IKI'ERGST WF,RE ~ APPLY POR Tl~ INrIRE TEItM OF ~4iC NYJRTC~UG~, ~
I'INAL, PItINCIP~ PAYMENr OR TEIE P12INCIPAL &V~1NC~ DUE UT~ON M~7URITY Wt~(JI~D E3E
P.PPRpXIMATELY $~F~~2 , TOC~'TE(ER WZ~I AC~CRikD INIERES`P, IF ANY, RND ALL
11DVANC~ MADE DY `i'E~ M7Ir1C~GEE Ui~IDII2 Zf{C ZERHiS OF Z1iIS Nf~R'1GA(~. ~ AC'IVAL
L111LJ1NCE DUC UPON MATURITY I~1Y VAItY DEPII~IDING ON CI1~uVGES IN ~i~ RATE OF INPCRE.ST.
Thl~ Inskuen~n4 Pnp~nd Bys . ~~0~~
M. LANNING FOX
WJ?RAER, fOX d~ SEELEY
Atlorn~ys, P.A. .
, . - . . iooo s. F+d~ral Hiqhway ' ~M~~ ~ilication Ayrosmont
~ ' ~ P. O. Drow~r 6
~
~ ~ •Stuart, Florida 33495•0006
This Agroe+nont, made el(oc~ivo es ol t1~e ~o.. dey of . 19.8,6.-._. bY end betv~een
Tr~+,~~~r~ (h~~t~ A~~i lr~r~r~ A_~GCr~ai-ti~n n~I~~]11. C4l T•,n~ (he~elrl9(t9~ t0tett0d lo.
n.,,,,,+-.s
joinlly and sovorolly ii moro than ons, as "Mortgapor",) and BAmott 8enk of M ,-.~.r-N
("Mortqapee").
WI7NESSETH:
In consideration of fho muluat covonnnts cantslnod haraln, lhe Mortgaeor end Mortpepee aprse lha1:
1. The unpatd p~indpal balenco oi thal co~tatn promissory note datod _.A:t~~' gr . 19 86 . exocuted b~y~
Morlgagor in lavor ol Mongagoe in lhe originel pr(nctpal amount~ol C2I~IF ~~'^o ~~#.~I~ &~/100 DOLLP?P.S
. 101:~ 000.00 )(~rhtch, logelher wilh eny renewals thereol specilied bolarv is rolerted to es "Nota"), wh~ch Nole is
secured by a moHgege deloci ~~t 8• • , 19 86 , Irom Mlosipagor to Mwigagee end
record~d Auq~zst 14 , 19.$~.., in Voiume S] pege ?.~i13 , o! Ihe oNiclal re~ads at
€ ~t_ rlr_iP Couny~ Flalda (lhe "Matpape"), oncurtibetlnp lhe teal end personal
' properly doscribod Ihoroln, whlch descriplion by lhis ieloronco Is Incorporalod hereln, Is nvw du9 end payebl9. Ptevious
i renQwals ol lhe No1e end Modllic8tfo~s ol the MoripeQe ere Ind(caled es totlows: •
; • .
~
~ None
, . .
~ _ . .
~ • . .
~ ' ' ~ .
' • ~
2, ThA unpaid principal balance ol the Note Is S 101.000.00 , Iree of de1 nses. setoHs, or counlar-
claims. Mortgagor wishes to pey the Note by execuling e ronewal nole datod ~~~r , 19 g6 , kt tho
original principal amounl ol S ZQl, 000. 00 , p¢,ygbte ~ 1• 20u ("Renewal
~ Note"), !ho lorms of which ero by lhls relerence Inoorpdralod herein, and whlch shaN conlirx;o to be secuted by lt~e .
~ Mortgage.
~ 3. Mo~tgagor end Mortgnfloe apree lhal the MortgoQo Is hereby rnodiliod to de$crlbo lhe ~enewei No1e as the obl'?gaCbn
= secured Ihereby. .
~ ~S. tJoMrilhsianding anylhinA lo ihe conlrary horefn or in tho Renowal Note or Mortgaqe~ lhe ilen and operatio~ of the
~ Morlgage shali co~linue in luli torce and et(oct oxcepl as modilied by lhis agreomenl.
~ 5. 7he Mortgagor covenants and aprees to porform, comply with, and eblde by ooch and every ono ol' the provisions ol
~ If~o Renewal Note and Mortgo9e, es modi((ed horoby. .
~ 6.~ TI?is agreQmont shall be binding upon and tnuro to tha bonefit of tha halrs, lopat reptesentallvos and assiflns o( lt~a
Morlgagor and to Ihe successars end esslpns ot ll~o Mortgapee.
~ 23. Mort agee's tion to Ca11. Begi~~! ~n o e en re pr~i.pal
§ rbrtqagee s ve opta.on to require pa~1
3 arrnunt outs~~ndirx~ and any accnied i.ntezest hereon. Tf the Nbrtgagee elects to
~ exercise this call op~.i.on, notice of such e~.ecti.on sha11 be given tv Martgagor wl~o
~ shall pay such principal ancl interest in full to ttte MQrt~cjagee on the payri~nt date
specifa.ed in the notice, which date shall be a~ least 60 days fran the date of
mailing.
1N WI~,SS WEIE~70F, the undersigned have executed this instrunent the day atxi year
first above written.
THIS IS A~~ M~RTGAGE SDCVRING AN ADJUSTI~BLE
~ RATE OBLIGATION. ASSUMING THAT THE INITIAL RATE
~ OF It~TI~REST WERE 7~ APPLY FOR Tf~ IIVTIRE Z~iM OI'
T[~ Nf~~7I~GA(.~, ~ FINAL PRINCiPAL PAYP~QNP OF ZN~
' PRINCIPAL BALANCE DUE UPQN A~ZURITY 4~C7JID BE
APPRUXIMATEGY $ g3, 246.72 ? ~''RT~t ~~ID'
, IN'PCRI~T, IP' ANY, AND AIS~ ADVANCfl~NrS NSADE BY THC
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~0527 PA~0948
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