HomeMy WebLinkAbout865789THIS
OHIO, N.A.,
referred to as
L
1300K
lst;t
AGREEMENT dated this 8
TRUSTEE (hereinafter refe
"Borrower");
NOTE AMENDMENT AGREEMENT
g4 `7Sg RECEIVED
INCOI `.f r.�� s,
dY of March 2000, KE TRUST CbMPAN¥ OF
td k) and PENNY Ft gipV1 fhe zpafler
/0, e/
iNEP
K MMEREF Wl0MII''IG
PR PAGE 4f'7 WITNESETH:
WHEREAS, Borrower is presently indebted to Bank in the principal amount of ($42,230.45
as evidenced by her promissory note dated August 27 1998, (hereinafter referred to as "Note a
copy of which is attached hereto and incorporated herein as Exhibit "A which note presently
provides for Principal in the amount of $42,230.45 and Accrued Interest at 8.00Vq from ptember
27, 1999 thru February 27, 2000 in the amount of $1,689.24 totaling $43,919.69, be due at maturity;
which Note presently provides for all payments of principal and accrued interest, in any event, be
due on or before February 27, 2000 (hereinafter referred to as "Maturity Date and;
WHEREAS, Bank and Borrower desires to change the rate of interest on the unpaid
principal balance on said Note as of April 1, 2000 from the rate of 8.00 to a rate of 8.50 and;
WHEREAS, Borrower desires to change the amount of the principal and interest payment,
due at Maturity, from 43,919.69 to 54,998.33, calculated as follows: Principal $42,230.45
Interest $1,999.11 (8.00% from 08/27/99 thru 03131/00); Interest $10,768.77 (8.50% from 04/01/00
to 04/01/03) total due at maturity $54,998.33 and;
WHEREAS, Bank and Borrower desires to change the Maturity Date from February 27,
2000 to April 1, 2003.
NOW THEREFORE, in consideration of the premises ,contained herein and for-other good
and valuable consideration, Borrowers and Bank hereby mutually agree to amend and modify the
aforementioned Note as follows, to wit:
EFFECTIVE April 1 2000, the interest rate on said note will be at a
rate of 8.50
EFFECTIVE April 1 2003, the principal and interest payment, if not
sooner paid, will be 54,998.33
EFFECTIVE April 1 2000, the Maturity Date will be April 1, 2003.
FURTHER, it is hereby understood and agreed that this Note Amendment shall be construed
as a revision of the aforementioned Note only, and not a novation; and except as herein provided, all
of the terms and conditions of said Note and of any security agreement, document lien, or
encumbrances securing said Note, shall remain in full force and effect according to the original
terms, conditions and provisions thereof, and as subsequently modified or amended by consent and
agreement of all the parties.
KEY TRUST COMPANY OF OHIO, N.A.,
TRf ST ;E
Arthur, I:Iorgan, Vice President
NOTE: See reverse side for Notary acknowledgment.
MAKER:
BY:
4 Penny A. Brdwn
'000Z °Q°V
•paap pue io>; aaJ laq se atu1s atyi painoaxa aijs ieui papajmouDjoe pine `ivatun.Jsui Suto2aloj
aq3 painoaxa ()gm puu ui paquosap uoslad an aq of umomj q of umolg
Auuad pareadde AjjEuoslad au! alojoq `0002 jo CEp siq u0
Pot
NV.tn 40 31ViS
COOL 01, ON
S3WIdX3 NQ$SSIWIN00
Ltt$B in A 3 emrn 4BS
'O pU $gbjH 'oS t1LP
HD 1014003'SOii VNNV
°nand AUV1ON
jo Ci;p sup jetoT, o pug puetl Xiu ssauitM
'SS
u K k\
:salidxg uoissiunuoj /CIA!
0 U.LNfIOD
HVIII dO a.LVIS
Ii x-� uoiss WWOD
ONO JO al el5, ',3dCi 4
:soli x 0
Jo Xep sup yeas jetoiJjo pure pm!' Au! sso L3tm
•aaisnli pie uoiieioossi; ji=uotieu pies jo jji:gaq uo ivaunu sui anoge atji painoaxa
oqm `000Z jUclV JO Cep j j sup aaisrui `•V•m `oigo 3o 2Curedtuo0 isms Jo Iuap!sald
aoin •urtloyAI V imply iq atu alojaq pa2pajmoure sem IuatuTUisut &uTO2aloJ a4J
SVDIYI dO ALN1103
•ss{
OIHO dO a.LV.LS