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AMENDMENT TO LIEN AGREEMENT FOR CONNECTION TO EXISTING SYSTEM <br />This Amendment to Lien Agreement for Connection to Existing System ("Amendment") is made <br />and entered into this day of , 201_, by and between INDIAN RIVER COUNTY, FLORIDA, a <br />political subdivision of the State of Florida ("COUNTY"), <br />and CUSTOMER: <br />whose address is: <br />WITNESSETH: <br />WHEREAS, on the _ day of , 20_, CUSTOMER entered into a Lien Agreement for <br />Connection to Existing System, recorded in Book , Page _, of the public records of Indian River <br />County, Florida (the "Agreement"), pertaining to the property with the address and/or legal description <br />set forth on Exhibit "A" attached hereto; and <br />WHEREAS, under such Agreement and as reflected in the promissory note attached to the <br />Agreement, the CUSTOMER agreed to pay off the promissory note over time at an interest rate of %; <br />and <br />WHEREAS, on August 18, 2015, the Board of County Commissioners of Indian River County (the <br />"Board") enacted Ordinance 2015-_, in which the Board authorized the COUNTY to reduce the interest <br />rate on lien agreements for connection to existing system to the currently approved annual interest rate <br />charged by the COUNTY if the CUSTOMER makes a lump sum payment of at least ten (10) percent of the <br />outstanding principal of the loan and if the CUSTOMER has previously made twenty-four (24) consecutive <br />months of satisfactory payments; and <br />WHEREAS, CUSTOMER has offered to pay $ , which is at least ten percent of the <br />outstanding principal of the loan and CUSTOMER has made twenty-four (24) consecutive months of <br />satisfactory payments; and <br />WHEREAS, pursuant to Ordinance 2015 - under such terms, the COUNTY may reduce the <br />interest rate set forth in the Agreement from _ %to _ % as reflected in the Amendment to Promissory <br />Note attached hereto as Exhibit "B". <br />NOW THEREFORE, for and in consideration of the premises and other good and valuable <br />consideration, the receipt of which is hereby acknowledged, COUNTY and CUSTOMER agree as follows: <br />1. The interest rate set forth in Paragraph #2 of the Agreement shall be amended from _% to _% <br />upon payment of $ <br />2. Except as expressly amended by this Amendment, all other terms and conditions of the <br />Agreement shall remain in full force and effect. <br />1 <br />