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Home My WebLink About1521 :lozas7~ . . . . v . ~o____~ ~ = no~!c,r.~ ~ P~`~~`N ~ F.., ~ S~ Luc;~ ~ ~ t S ~ __~t 1)y .'ax a~ Clerk of Circ • - New Monies $3,725:15 lnt"1'ax= --~"'"'$y Int & Doc ~13.04 ? ~ ~pL rec . Fee 10. 50 Total S-QY~ r~~~""' -(Space Above This Line For Recording DataJ LOAN MODIFICATION AGREEMENT (Providing for fixed Interost Rate) ~C~ ~his Loan Modification Agre~m nt ("Agreement"), made this 1~ day of January 19 ~ John~ and Linda M. Hart ("Borrower") and Barnett Bank of St. Lucie County ("Lender"), amends and supplements (1) the Mortgage, Deed of Trust or Deed to Secure Debt (the "Security InstrumenY'), dated .Tune 10, 1987 and recorded in Book or Liber 545 at, page(s) 2208 , of the OR Book Records of St. Lucie [Name of Recordsj (County and State, o~ other Junsd~ctionJ ~ and (2) the Note bearing the same date as, and secured by, the Security Instrument, which covers th~ real and personal property described in the Security Instrument and defined therein as the "Property," located at 7359 Reserve Creek Drive Port St Lucie, F1 , (Property AddressJ the real property described being set forth as follows: Lot 6, Parcel 5, RESERVE CREEK, according to the Plat therof, as recorded fn Plat Book 24, page 21, of the Public Records of St. Lucie County, Florida - S AT E oF ~O R!~ L~, ~ DOCUMENTARY .,•~~.STAMP_ ~Ax ~ : ~'7 c° OEF"1 A~ REYEMUE ~ ~i. , ~ Q ~ ~ CJ f , . _ Pe - .f~?MZ~'9o ~ ' t K. ~ _~I ~ 1 '~5?' - - - - tn consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows (notwithstanding anything to the contrary contained in the Note or Security Instrument): 1. As of February 1, 1990 , the amount payable under the Note and the Security Instrument (the "Unpaid Principaf Balance") is U.S. $ 14b, 730. 98 , consisting of the amount(s) loaned to the Borrower by the Lender and any interest capitalized to date. 2. The Borrower p~omises to pay the Unpaid Principal Bafance, plus interest, to tlie order of the Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 9• SOZ ! from February 1, , 1g 90 . The Borrower promises to make y paymenis of principal and interest of U.S. $ 1, 532 . 20 , beginning on the ~ monthl First day of February , ~g 90 , and continuing thereafter ~ on the same day of each succeeding month until principal and interest are paid in full. If on ~ Januarv 1, 2005 (the "Maturity Date"), the Borrower still owes amounts under the ~ Note and the Security Instrument, as amended by this Agreement, the Borrower will pay these ~ amounts in full on the Maturity Date. ~ The Borrower will make such payments at Barnett Bank ~ or at such other place as the Lender may require. ~ ~ ~ 3. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in the Borrower is sold or transferred and the Borrower is not a natura! person) without the Lender's ~ prior written consent, the Lender may, at its option, require immediate payment in full of all sums ~ secu~ez! by this Securiry Instr~lment.) ~ lf the lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed , within which the Borrower must pay a11 sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on the Borrower. ~ ~ 4. The Borrower ~Iso will compty w~th all other covenants, agreements, and requirements of the Secunty ~ Instrument, including without limitation, the Borrower's covenants and agreements to make all ~ payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that the Borrower is obligated to make under the Security Instrument; however, the tdlowing terms and provisions are forever canceled, null and void, as of the date spec'rfied in paragraph No. 1 above: ~ (a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, ~ or relating to, any change or adjustment in the rate of interest payable under the Note; and ~ f f soox674 PaGE1521 LOAN AA001i1CAT1pN AGRfEMENT-Smq{e famly-Farrre Mae U!rfam Ir~atrurnenf Fpm 3t79 2'88 ~ 1 2 3 1 5 6 7 8 9 10 G1N ~ 28392 Ju~ B8 116201 PC ~ ~n. _ _ _ - i,a~..- "~~..?~~:a~3" ~ ~ ,;3a>d...~