HomeMy WebLinkAbout0941 This instrument D~~~~ ~ • ~N
; Rivess~de Nation~aiR~ ~ ~ $56615 a
~ ~211 Oke e FL 33460 ~ .
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MORTOAOE MOtJIFiCATION AOREEMENT -
This ag~eement made this 29th ~y o} October , A. D., 1987 ,
_ by ~ni! between RIVERSIDB NATIONAL BANK OF FLORIDA Ftotids,
e.~k N«..,c+h.~e aua -
s banking association, Party ot the First Psrt. and WILLIAM 4. JENKINS AND DIANE M. JSNKINS,
~ ~ his wif e
' . Ps~ ies of the &oond P~rt.
f
` WITNESSETH:
WHEREAS, the party ot the tirst part is the owner snd holder of that aenain mort~ye irom the p~rt ieaof the second p~rt
dated June 16, 1987 , and recaded in ONir,ial Reoo:d Book~, Pa~e 184 of tha PubNc iieoords of
St. LuCie County, Florids,
AND WHEREAS, ttis party of the flrst part is now the owner ~nd hofder ~of th~t oert~in promissory note for whtch ssid mort•
gage was giveh as security, ssid note being in the aiginei principal amount of SIXTY TEiREE THOUSAND FOUR HUNDRED ~
. nrm xo/ioo--------------------------------------------------------------
_ , '
ANO WHEREAS, Me puties hereto hsva mutually agreed to modify the terms af said note and mortysga,
NOW. THEREFQR~, in consideration ot the mutual sgreements of the parties hereto, it is spreed ss follows:
; ,
(11 Upon•the.exacution of this agreement, the total outstanding unp~id principal under said ~ote and mo?t~sge is the
amountof SIRTY THREE THOUSAND FOUR HUNDRED AND NO/100------°---=-----------
I The partie: hereto scknowledQe th~t upon execution of this sgreement the interest on said obligation shsll have
~ been paid through October 31. 1987
(2) ~ Said no!e and mortqage is hereby ~mended snd modified to be paysble as tollorvs:
~ 360 monthly principal and interest payments in the amount of ;621.81
beginning December l, 1987 with fina2 payment due November 1, 2017.
To Correct Property AddreBS To:
- 562. SW Comet Terrace, Port St. Lucie, FL ~
Port St. Lucie, FL 34953-2942 •
13) From and after October 29, 1987 , interest rata on ssid note ~nd mortga~e ~hall be Eleven and
three eighths percent ( 11.375~,~ per ~nnum, interest to be computed on the
unpaid principal balence.,
(4) This malitication is made on the express a~reement snd ttnderst~ndinp thst all vther provisions of said ori~insl note
and mortgage shsll remain in full fo~ce and eitect save snd axcept ~s modified by this aaeement, and in the event of
default same :h'It st the election of the martg~gea opsrate Yo msture the full indebtedn~u to immediste oollection
snd foreclosure.
n' - t . : . - lovERl BOOK ~J PACE 9~0 -
$pft t Par~1. ~ - _ .