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;:;';~~;;~1:'E i;A~I~tJfiL BAPdK OF FLORIDA '
Z2' 1 U':E'~c:HO~s'fE ROAD 843-3 raf
FORT PiERCc, FLORIDA 34950
MORTGAGE MQDIFICATION AGREEMENT q,~ F~ a ~~._DOU(3I.A8 DUCON
Add Fce = o-8L Lucie Countv
~,1`~ _ Clerk of Circuit Couct
~ Int Tau i By
Deputy Cler~
T.:;,~ s
This ag?eement made this 22nd ~y of JANUARY , A. D., 19 90 ,
by and between RIVERSIDE NATIONAL BANK OF FLORIDA FT. PIERCE Florids,
s.n~ H,n~.. car.~w su~.
s banking associativn, Party of the First Put, and JOHN MERCER and ELIZABETH M. MERCER, his wif e
, Pan ies of the Seoond Part.
r . ,
WITNESSETH:
WHEREAS, the party of the first part is the owner and holder of that osrtsin mortps~t f?om ths p~rt ies of tfis second part
dated March 13 . 1989 , and recwded in Official R~ord 8ook~~ , Ppt 2492 of the Pubiic R~~ of
ST. LUCIE AND MODIFICATION AGREEMENT DATED SEPTEMBER 14,
County, Florida, 1989, and RECORDED IN O.R. BOOK 654, PAGE 2198
OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA
AND WHEREAS, the psrty of the first psrt is now the own~r and halder of ttut c~rtain promitsory nob for which said rtwrt-
gage wu given as security, said note being in the ori~+nal princip~l smount of FORTY FIVE THOUSAND & NO/100
;45,000.00
.
AND WHEREAS, the parties hereto have mutually s~rreed to modify the terms of said note and mortpsge,
NOW, THEREFORE, in consideration of the mutual ayreements of the puties hereto, it is spreed as follows:
I
(1) Upon the execution of this sgreement, the total outstu?diny unpaid princip~l unde~ ssid note and rrwrt~aqe is the
~ FORTY FIVE THOUSAND 5 NOI100
~ amount of
F
~
~ The parties hereto acknowledye that upon exacution of tt~is apreement the interest on ~id obliqation sh~ll hwe
been paid through JANUARY 31, 1990
~ (2) Said note and mortgage is hereby •mended snd modifisd to be payable as follows:
~ FIRST PAYMENT TO MARCH l, 199Q ar?d MATURITY DATE TO FEBRUARY 1, 2020.
~ TO CORRECT PROPERTY ADDRESS T0: 1866 SW ANGELICO LANE
~ PORT ST. LUCIE, FL. 34984-4457
f
~ ~
~
~ (3) From and after FEBRUARY• 1, 1990 ~ interest rste on ssid note snd mortyaps ~all be TEN AND
~ ONE HALF ~~~t ( 10.50 q~,) ~r snnum, inte~est to be computsd on the
AND TO BE ADJUSTED IN ACCORDANCE WITH THAT CERTAIN NOTE DATED
f. unpaid prinC~pal balance. ~RCH 13, 1989.
~4) This modification is made on the express ayr~emtnt and understandinp that sll other provitians of said wi~inal not~
f and mortgage shall remsin in full force snd effect save snd exoept as modiiied by this i~reement. +~nd in the wsnt of
g
~ default same shafl st the eteciion of the rnortgafpe operate to mKure the full indebtednes: to immediat~ cdltction
~
~ and foreclosure.
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