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This inslrument ptep~red bY: ~
RiuerS~!e Nat:onai E~a:~k cf Fl~riea ~~Uh ~~E~`-~
~2:1 U~ee~hobee Road
fart Pierce, FL 334;~0
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MORTGAGE MODIFICATION AGREEMENT
ituS agrrement ma~le th~s_ 7th __~ay ot AUl;t.sC A. 19~__,
i,y and between - ~'ivtrsicl~ ~~?t ic>nal Kank ~f Fl:;rid~i, F'urt Yierce Flonda,
Efa: . Ar~-.e t;a~ a~d Suv
a bank~ny assoc~at~un, Party of the Fust Part, and "tich~iel Y. ~tcMah~~n <-~~~~i .~«i i, ~tc'lahun~his saii~___
_ , Part i e~ of the Second Part.
WITNESSETH:
'.'1NEREAS, the parry of the f~rst part ~s the owner and holder of that certain mortgage from the part.ii:.s c! ihe second part
dated ~1~ri I lyl38~_____, and recorded ~n Otficiaf Rea~rd Book~~„ Page "x:~ of ihe Publ~c Recordsof
St .?.uc i ~ Cuu~~ty. Flonda,
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~ AND WHEREAS, the party uf the f~rst pari ~s now ihe owner and holde? of that c~rta~n promissory ~ote for wh~ch said mort-
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~ qaye was y~ven as sec:,r~ty, sa~d nute be~rig ~r~ the on4inal pnnc~pal amount of 1~vet~[v-une The>usand 'ihree Hu[tdred
~
d j 1
~ - ( ~ 71 , ~O~ . OC~_ .
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~ A~~D '.'UNEFtEAS t~.e ~,a~hes hereto have mutuaify agreed to modily the terms of sa~d noie and mortgage,
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f '~OW, f:lEREFORE, ~n cc~ns~derat~on of tne mutual agreements oi the pact~es hereto. ~t is agreed as foltows
d
' (l) L~~n tf~e execut~on oi tl~~s agreernent, the tolal outsta~ding unpa~d pnnUpal under said note and mor[gage K ihe
f
f
` ar~,ount oi 5~.ent~:-,,ne "I'h;,~i5:ind Thr~r t{ur,dr~d ind i,/1U0----------($71,3(]()_1~l1~
~ _ .
:
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F The parnes hereto acknowledge that upon execut~on of this aqreement the ~nterest on sa+d obi~qat~on shali hsve
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~ been pa~d throuqh ~1u~u5t 31, lyHE3
r - ~
s
12i Sa~d r;ute and mortgage ~s hereby amended and mnd~l~ed to be payai~le as follows:
F
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. ir;C pati•^~e;;C C~~ (lct;~her l, 1'+lsH ,in~i :~;.aturit•. d.aC~ t~} SepCr^:t~eC i, ?()IH. :\iI ~~~i~et
~ r:?,; re:n.i i c~ c}~e ~;;?:r~~ .
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` !31 From a~~<1 after ~l:.~r~ i~~jj~__ ,~nte~est iate on sa~d nate and mortgaye shatl be Seven t~nd
` ':i:7e fcr.t;:s----------------------• i.~fii
percent ( _56) per ar~r2~m, ~nterest to Ue computed on the
Jnp3d pnnG~pd) bd~8nc.e, ;l(lcj Ct~ hl' :1tIjU~C~(3 lil .iCCt~rc~[1*;~e tdLC[1 Cftli~ CtCC31;2 Ilc?C~
~i.~t~ci ~1pri1 IyKK.
(4i Th~s mr,;S,f~cat~on ~s ma~1e o~ the express agreement and uncferstandiny that all other prov~s~ons of said~ anQinai note
and rr~,rtyaq~ shal~ re~na;n ~n full iorce an~i ei(ect save and except as mod~fied by this ag~eement, anc~ in thc event of
d~1a~,~t sa~~;~~ shail at thr, e~ect~on of the mortgagee opera;e to mature the fufl indebtedness to ,rnmed~ate toliection
dre~ fGrCCIc~SUrN.
(OVER) ~~`~5~~ ~~~E 914
;•arc t~i »i M ~Fo;~-o~~
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