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This instrument prepared by: 10 2 0 4 2 6
Rive:si,le National Bank of Floride ;
21l ~ ~?,eechot,ee Road
Fort PiQtce, fl 33450 ~-u .
_~~.,,,N, --1.Q..,.._notxat.~s ot};~~•
MORTGAGE MODIFICATION A~'`iFi~EI01ENT Add Fee S.,,,~_~~~~ ~~e C~.unty
Dx Tu;c j,,,,~~,~,~w~k or Circu{t Co~ ~
lat Tax =
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This a9reement made this day of January , q, p,, ~g 90 ~
by and between RIVERSIDE NATIONAL BANK OF FLORIDA, Fort Pierce Florids,
s.~ H.,~..car.~w sui.
a banking association, Party oi the First Part, snd James P. Dynan and Lita T.M. Dynan, his wife
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, Part ies of the Second Part. ~
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WITNESSETH:
WHEREAS, the party of the first part is the owner and hold~r of that osrtain mort~s from tFw psrt ie~of the seoond p~rt
dated June 21, 1989 , snd recorded in Official R~oord Book 643 ~ p~ 062 of the Public Reoords of
! St. Lucie County, Florida,
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~ AND WHEREAS, the party of the fint part is now the owner ~nd halder ot that artain promitsory not~ for which said mort-
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! Sixtv-one Thousand Nine Hundred
f gage was given as security, said note being in the originel principsl amount of
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61
~ EiRhty and no/100--------- ,980.00
AND WNEREAS, the parties hereto hsve mutually sg~eed to modify the terms of said note and mortgape,
~ NOW, THEREFORE, in consideration of the mutu~l agreements of the puties hereto, it is s~reed ss foflows:
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~ 11) Upon the execution of this sgreement, the total outstanding unpsid principal under said note and martyspe is the
~ amountof Fiftv-five Thousand Nine Hundred Ei~hty and no/100---------------------
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( The parties hereto acknowledQe that upon execution of this~Yeemer~t ,tt?e. interes~~o~ taid obli~ation sh~ll hsve
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been paid through December 31, 1989 ,
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~ i2) Said note and mortgage is hereby amended and modified to be payabie as follows:
~ e Fe ruar 1 2020.
~ First payment to March 1, 1990 and maturity dat to b y,
~ Al1 other terms remain the same.
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~ (3) From and after January 1, 1990 , interest rate on said note snd mortgaQe ~hall bs Eight and
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Seven Eighths percent ( 8• 87S per snnum, interest to be computed on tM
unpaid principal balance. and to be adjusted in accordance with that certain note dated
June 21, 19~9.
(4? This modification is made an the express ayrsemsnt and understandiny that all other provisions of said ori~insl note
and mortgage sh~ll remsin in full force u?d effect save and except as modified by this s~rsement, md in ths ~vent of
default same shall at the election oi the mortg~y~e oparate to maturo d~e full indebtedn~ss to immsdi~te collection
F and foreclosure.
s~r ~..u a?~e-0~u (OVERI
Boo~ 674 PAGE 316
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