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MORTGAGE MODIFICATION AGREEMENT RETtiRN Tn~
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This agreement made this_ lsti day o( March , A. D., 19 88 ,
by and between RIVERSIDE NATIONAL BANK OF Florida,
Bank Hsm~.Cdy aM $lale .
a ba~king association, Party of the First Part, and Martin A Benvenuto ~ Nildred A. Benvenuto
Albert J. Benvenuto
, Par1 ies of the Second Part.
WITNESSETH:
,
WNEREAS, the party of the first part is the owner and holder ot that certain mortgage from the parties of the second part
dated May 27th, 1986 , and recorded in Official Record BookSQl_, Page.~.2~ of the Public Reoords of
St . Lucie County, Florida, ~ ~ ' ~ ~ ~ a~/ ~
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AND WHEREAS, the party of the first part is now the owner and holder of that certain promissory note for which said mort-
gage was given as security, said note being in the original principal amount of TEN THOUSAND FIFTY SEVEN DOLLARS ~
26/100-------------------------------------------------------------------------------,-
AND WFIEREAS, the parties hereto have mutually agreed to modify the terms of said note and mortgage,
NOW, T?~EREFORE, in co~sideration of the mutual agreements of the parties hereto, +t is agreed as foltows:
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(11 U,pon the execution oE this agreeme~t, the total outstanding unpaid principal under said note and mortgage is the
amount o( SIX THO SAND FOUI~ HUNDRED DOLLARS & NO/ ~0----------------------------
The parties hereto acknowledge that upon executian of this agreement the interest on said obligation shall have
been paid through February 29. 1988 .
(2) Said note and mortgage is hereby amended and modified to be payable as follows:
60 monthly installments of a150.88 beginning on March 6, 1988 and monthly
thereafter until February 6, 1993.
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(3) From and after ~rch lst , interest rate on said note and mortgage shall be
FOL'KTEEN .569 percent (~4.569 per annum, interest to be computed on the
unpaid principal balance.
(4) This modification is made on the express agreement and understanding that all other provisions of said original note
and mortgage shall remain in full force and effect save and except as modified by this agreement, and in the event of
default same shall at the election of the mortgages operate to m~ture ~he full indebtedness to immediate collection
and foreclosure.
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IOVER? BOOK 578 ~aGE 9~9
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