HomeMy WebLinkAboutAugusta Housing and Neighborhood Development Department Economic Development Fund
Augusta Richmond GA
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Return to:
Harry B. James, III
407 Sixth Street
Augusta, Georgia 30901
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AUGUSTA HOUSING AND NEIGHBORHOOD
DEVELOPMENT DEPARTMENT
ECONOMIC DEVELOPMENT FUND
MODIFICATION AGREEMENT
TO
PROMISSORY NOTE ][)ATED
JULY 31,1998
This Modification Agreement, made this date between BEAURINE WILKINS, Grantor
(hereinafter "Borrower"), and AUGUSTA HOUSING AND NEIGHBORHOOD
DEVELOPMENT DEPARTMENT, ECONOMIC DEVELOPMENT LOAN FUND,
Grantee, (hereinafter "Lender").
WHEREAS; Borrower heretofore became indebted to Lender under the terms of a certain
Note together with all prior modifications thereto; and terms of repayment of the indebtedness
secured by the Deed to Secure Debt and any prior modifications thereto;
NOW, THEREFORE, in consideration of the acceptance of this Modification Note of
even date, Borrower grants and Lender accepts the following modification terms.
1. The monthly payment of principal and interest is hereby reduced to $150.00 per month
for a temporary reduction period of tweive months beginning July 1,2001, through June 1,2002.
2. The final payment of the entire indebtedness evidenced by said Note shall be extended
to accommodate the reduction in prinCipal and interest.
3. All other conditions as enumerated in the original Note shall remain the same.
WITNESS the hand (s) and seal (s) of the undersigned.
This /9fJ.- day of ~~
,2001.
Signed, sealed and delivered in the presence of:
~M~
BEAURINE WILKINS
Borrower
Witness
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, ,.,Notary'Plihli?
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- , Witn~ss' .
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Notary Public
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Return to:
Harry B. James, III
407 Sixth Street
Augusta, Georgia 30901
AUGUSTA HOUSING AND NEIGHBORHOOD
DEVELOPMENT DEPARTMENT
ECONOMIC DEVELOPMENT FUND
MODIFICATION AGREEMENT
TO
SECURITY DEED
REALTY REEL
605
PAGES 2134
TO 2139
This Modification Agreement, made this date between BEAURINE-WILKINS,Grantor
(hereinafter "Borrower"), and AUGUSTA HOUSING AND NEIGHBORHOOD
DEVELOPMENT DEPARTMENT, ECONOMIC DEVELOPMENT LOAN FUND,
Grantee, (hereinafter "Lender").
WHEREAS, Borrower heretofore became indebted to Lender under the terms of a certain
Promissory Note mentioned in the Deed to Secure Debt, referenced hereinabove together with all
prior modifications thereto; and terms of repayment of the indebtedness secured by the Deed to
Secure Debt and any prior modifications thereto;
NOW, THEREFORE, in consideration of the acceptance of the Modified Promissory
Note of even date, Borrower grants and Lender accepts the following modification terms to the
aforementioned Deed to Secure Debt:
1. The monthly payment of principal and interest is hereby reduced to $150.00 per month
for a temporary reduction period of twelve months beginning July 1, 2001, through June 1, 2002.
Any payment not received by the due date will cause the Borrower to e in default of this
modification agreement, and the entire indebtedness shall immediately become due and payable,
and shall be placed with an attorney for collection.
2. Commencing on the first day of July, 2002, and continuing on the first day of each
month thereafter, the regular monthly payment as evidenced by the Promissory Note, the terms of .
which are hereby incorporated in this modified agreement by reference shall be due and payable
in equal monthly installments of prinicipal and interest until the entire indebtedness is fully paid.
The final payment of the entire indebtedness evidenced by said Note shall be extended to
accomodate the reduction in principal and interest.
3. All other conditions as enumerated in the original Deed to Secure Debt shall remain the
same.
..
t-
Modification Agreement
To Security Deed
Realty Reel 605, Pages 2134 to 2139
Bcaurine Wilkins: Borrower
WITNESS the hand (s) and seal (s) of the undersigned.
This /9fiday of OithE
,2001.
Signed, sealed and delivered in the presence of:
Witness
BEAURINE WILKINS
Borrower
Notary Public
<?orA
for the CITY
Lender
/<1 A Y'oV2-
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Housing and Neighborhood Development
Keven J. Mack, Director
One, 10th Street - Suite 430
Augusta, Georgia 30901
(706) 821-1797 - FAX (706) 821-1784
TOO (706) 821-1783
Memo
To: Mayor Bob Young
From: Eben Jones
Date: 7/30/01
Re: Modification Agreement
Attached is the Modification Agreement for Beaurine Wilkins. Also you will find an attached copyof the
letter from the City Staff Attomey acknowledging the approval by Commission of the Modification.
Please Sign, have witnessed, and retum to me.
Thank you,
~()~
Eben Jones
.' -.
JUL-27-2001 FRI 03:52 PM HARRY B JAMES
7067245952
p, 02
LAW DEPARTMENT
Ms. Vanessa Flournoy
Staff Attorney
525 Telfair Street - AUGUSTA. GA. 30901
(706) 312-5521 - FAX (706) 612-2488
July 11, 2001.
Mr. Harry B. James, III
Attorney at Law
407 6th Street
Augusta; GA 30901
RE: HND LOAN
Beaurine Wilkins
Dear Mr. James:
Enclosed is the infonnation on Ms. Beaurine WUkins' HND loan. The Commission
approved the modification of the loan. payment to $150.00 per month for one year beginning
.Tilly 1,2001. Please prepare the necessary documents,
Please let me know if I.can be of assistance or provi.de fu.rther information.
Sinoerely,
'l..l01\QL)1d; \tfi~)~l,n>>.,,){
Vanessa Flournoy U
Sttiif Attorney
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Enclosures
cc: Mr. James B. Wall, County Attorney