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`L1 ~ :~~t~~i3EE RO~D CF ~LORID~' ,
FORT PIERCE, FLORIDA 3~950 {
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MORTGAGE MODIFICATION AGREEMENT R~el1M~ ~DOV~iLA8DI7CON
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This agreement made this 19th day of JANUARY , A. D., ~g 90 ~
RIVERSIDE NATIONAL bANK OF FLORIDA, FT. PIERCE
by and between Florida,
9+~r H.me. Gh.~e s~.~.
a banking association, Party of the First Part, and DAVID McLAUGHLIN, a single adult
, Part ~_of the Second Part.
WITNESSETH:
WNEREAS, the party of the first part is the owner and holder of that certain mortgaye from the part~_ of the secor~d psrt
dated August 29, 1989 , a~d recordsd in Official Reoord Book652 , p~ 2714of the Public Reoords of
ST. LUCIE County, Florida,
AND WHEREAS, the party of the first part is now the ovrner and holder of th~t oertain promissory note for which said mort-
gage was given as security, said note being in the original principal amount of FI~ THREE THOUSAND EIGHT HUNDRED
FIFTY & NO/100 ~53,850.00
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AND WHEREAS, the parties hereto have mutually agteed to modify the terms of said note ~nd mortgage,
'j NOW, THEREFORE, in consideration of the mutuai agreements of the psrties hereto, it is agreed ax follows:
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~ (11 Upon the execution of this agreement, the total ouutanding unpaid principal under said note and mortyaqe is the
f FIFTY THREE THOUS~ND EIGHT HUhDRED FIFTY ~ NOI100
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~ amount of ,
~ The parties hereto acknowledge that upon execution of tf~is a9reement the interest on ssid obli9ation shall have
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been paid through January 3I , 1990
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~ 12) Said note and mortgage is hereby amended and modified to be payable as follows:
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~g First payment to MARCH 1, 1990 and maturity date to FEBRUARY 1, 2020.
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~ To correct property address to: 431 SE Whitmore Drive
= Port St. Lucie, Fl. 34984-4529
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~ All other terms remain the same.
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~ (3) From and after February l, 1990 , interest rate on said note x~d mortgage shall be NINE
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percent 1 9•~u `16i ptr annum, interett to be compu+ted o~ the
AND TO BE ADJUSTED IN ACCORDANCE WITH THAT CERTAIiv NOTE DATED
unpaid principal balance. AUGUST 29, 1989.
(4) This modification is made on the express agreement and understandiny that all o4her provisions of said oriyin~l note
~ and mortgage shall remain in full force and e4fact s~vs snd except as rtwdiiied by this ayreament, snd in the went of
~ default same shall at the election ot the mortgagee operats to msture the full indebtedness to immediate collaction
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~ and foreclosure.
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t IOVER) p 675 FM~~i364
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