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MORTGAGE MODIFICATION AGREEMENT IntTau; ~._,_.~i;
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1 h~s agreement made th~s _ 16th _ day of January , A. D., 19_2Q-,
by and between RIVERSIDE NATIONAL BANK OF FLORIDA, PORT ST. LUCIE Florida,
8~~~ NaTf C~1~ ~M SIa1f
a bank~ng assoc~at~on, Party oi the First Part, and JOHN A flOGAN ~ DELORES HI~ LiTFF
, Part ~_of the Second Part.
WITNESSETH:
~ WNEREAS, the pa~ty of the f~rst part is the owner snd holder of that ce~tain mort9aqe irom the part~t_ of the second part
dated lune 26. 1989 , snd recorded in Official Record Book 643 ~ pa~ 1335 of the Public Reoords oi J~,
~ St Lucie County, Florida,
~ AN~ 4YHEREAS, the pa?ty of the first part is now the owner a~d holde~ of that eertain promissory note for which s~id mort-
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gage was given as secur+ty, said note being in the aiginal principsl amount of SEVENTEEN THOllSANt7 S X Hl1 DRED
JOLLARS 6 NO/100 -
AND WHEREAS, the parties hereto have mutually agreed to modify the terms ot said note and mortgage,
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~ NOW, THEREFORE, ~n consideration of the mutual ag~eements of the parties hereto, it is agreed as follows:
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F (11 Upon the exetution of this ayreement, the total outstanding unpaid principa~ under said note ~nd mortgaqe is ttie
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E arnountof Seventeen Thousand Tvn Hundred Thirrv
Nr inP npllars ~~~~100 .
~ The part~es hereto acknowiedge that upon execution of this agreement the interest on said obligation shall have
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, been pa~d through .lanuary lSth, 1990 .
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~ 121 Sa~d note and mortgage is hereby amende~ snd modified to be payable as follows:
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j Payment due datc changed to,the 15th of every month with the maturity date
~ being changed to August~•15s'1995.
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E !3) From and after January 16th , interest rate on ssid note and mortgaye shall be
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Thirteen b One quarter percent 1~-`~+1 per snnum, interest to be computed on the
unpaid principal balance.
!4) This moclitication is rna~le on the exp?ess agreement and understandiny that ali other provisions of said oripind nate
and mortgage stiafl remain in tull force and etfect save a~d except as moditied by this apreement, and in the event of
default same shall at the etection ot tht martgaQee operate to m~ture the full indebtedness to irnrmdiate collection
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~ and foreclosure.
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(OVEA~ . -
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~ eoo~ PAGE 316
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