HomeMy WebLinkAbout0964 1 ~~y
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T~OAN MODIFICATION AGREEMENT ~~~7~t~
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~ LOAN NO. 2p061999 •
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WHEREAS, FIFtST FEDERAL SAVINGS AND LO~'1~V ASSOCIATION ~
• OF MARiIN COUNTY, a UnitEd Staf.es ~orporation, l~aned to ~ ~
C.B. STEELE AND LILLIAN STEELE, HIS WIF~ 4
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the SWtt Of FORTY FIVE THOUSANP DOLLARS AND NO/100ths-------------~-----
Dollars 45{000.00 ) evidenced by a promissory note and
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- a mortgage dated DDCEMt3ER 15th , 19 81 , and said mortgage ;
being recorded in ORFICIAL RECORDS Book 368 ~ , page ~~5 ,
sT. LUCIE County, Florida, public records, and:
WHEREAS, FIRST FEDER.AL SAVItIGS AND LOAN ASSOCIATIO?~1 - ~
~ GF MARTIN COUNTY is the owner and holder of said mortgage and .4
~ note, and: -
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' WHEREAS~ C.B. STEELE AND LILLIAN STEELE, HIS WIFE
are•the fee simple owners of th~ real property
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~ encumbered by said mortgage, and: ~
WHEREAS, the parries hereto for a mutual consideratien
wish to revise the terms of-pay~ent of said indebtedness;
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_ THEREFORE, IT IS AGREED: That the~ungaid balance of
said i:~debtesiness ~upon JUNE 14th 19 s2 , is ~ox~t FivE ,
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' THOUSAND DOLLARS AND NO/100~hs---------- DO lla]c5 45 000.00 '
. BriC~ C.B. STEELE AND LILLIAN STEELE, HIS WIFE ~
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~ promise to pay said indebtedness (with~interest at the rate
; - O~ SIXTEEtV ANG 250/1000 DE'.r cent ( 16. 25 $ per annum) in
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~ installments Of SIX HUNDRED FOURTEEN DOLLARS AND 22/00------=---=-------
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~ Dollars ~ 614.22 ) on the 1st ~ day of each '
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~ month beginnxng on the ist day Of AUGUST ' ~ 19 82 , to be _ .
~ applie3 first to the payment of interest (at the rate of GIXTEEN AND
2so/loooths----per cent ( ~~.2~ per annum ~upon the unpaid balance of -
said indebtedness) and the balance to principal un~il said
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~ zndebtedness is paxd in full.
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The term of the Mortgage shall be modifiec~ to TxIrtZ'x ( 30 )years in
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lieu of sIx 006 ) mont~s.
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- ~ - ~a Mstnxrient Was PrePo~ :
~ ~~ATtOP! OF M~S~N GOUN7Y -
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