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•RIVERSf~~ NATIONAL BANK OF fLOR10A + ~
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P. 0. 81ERGf~ftORIDA 3345~ .:,.r~:~iE~1~f~j . rj . , . -
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MORTGA(~E M~DIFICATION A(3REEMENT : ~ . 8521~2- :
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This agreement made this 2nd day of October ~ A. 19 87 ~
by snd between RIVERSIDE NATIONAL '$ANR OF FLORIDA. Fort Pierce Florids,
BankNam~,Cit~l~ed3l~l~ .
a banking sssociation, Pany of the Fi~st Part, and RICHARD C. DRtlt~[ AND YVONNE DRtRi, His wife
' , Part ie$ of the Second Part.
WlTNESSETH:
WHEREAS, the pa~ty of the first part is the owner a~d hotder of that certain mortgage from the part ie~ of the second part
dsted June 16, 1987 ~~d recorded in Official Reoord Book 54b . Page 2b88 of the Public Raoo~ds of
St. Lucie County, Florida,
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ANO WHEREAS, the party of the first part ts now the owner and holder of that oertsin promissory note for which said mort•
gage was gilen as security. said note being in the original prindpai amount of FORTY FIVE THOUSAND SIX HUNDRED
AND NO/100-----------------------------------------------------~-------------
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AND WHEREAS, the parties hereto have mutualty agreed to modify the terms o1 said note and martgage,
NOW. THEREFORE, in consideration of the• mutusl agreements of the parties hereto, it is agreed as follows:
Upon the execution of this agreement, the totai outstanding unpaid principai under said note and mortgage is the
FORTY FIVE THOUSAND SIX HUNDRED AND NO/100_________________________
~ amount of •
The p~rties hereto acknowiedge that upon executiort af this agreement the interest on said obligation shall have
been paid through October 31, 1987 ,
~ 12) Said note and mortgage is hereby amended and modified to be payable as follows:
f
360 monthly principal and interest payments in the amount of ;455.93 ~
beginning December 1, 1987 with final payment due NOvember 1, 2017.
To Correct Property Address To: .
637 SW Beacon Terrace
Pt.St.Lucie,'FL 34453
(3? From and after _ Qctober 2, 1987 , interest rate on said note and mortgage ahafl be v*+ ~nd
f ive eighths percent ( 11 • 2 96) per annum, interest to be camputed on the
unpaid princips) balance. ~
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(4) This modification is made on the express agreement and uncktstar?ding that all other provisions of said wiginal note
and mort~age shali remain in full force and effect sare and except as modified .by this agreement, and in the event of ~
~ deisult same shall at the election of the monq~gee operate to anatum the fufl indebtedness to immediats c;otlection I
. and foreclosure. •
SM7~3-31 (11/7sI M 060~S~-OS5 tOVEA) ~~OK~~ ~'E
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