HomeMy WebLinkAbout0060 ASSUMPTION AGREEMENT ~ ~
3.~4281:
loan No.. ~ 6~ ~ ~
THIS AGREEMENT, made by ~~ie ~~+1~&lH~..bis vifa
of L~ie Couny, Florida, first pahies, and FIRST FEOERAC
SRVINGS AND LOAN AS.SOCIATION OF FORT PIERCE, a corporation with main office in Foh Pierce, Florida,
second party, and An~tte .,,~hartsahrisrdt; a__~instld _ atiult
Third Parties.
WITNESSETH: That whereas, on - DeQe~Der 2~- , 19~i Thira Pa~ties be-
ing indebletl to Second Party in the sum of ~ ~Ta2~•~ ~ did make, execute a~d deliver
unto Second Party a certain promisso nate and Mo~tgage Deed secu~ing the same, said mortgage encumber-
ing property situate in Count~, florida,
described as follows:
Lat 15, B1xk 1, 3t1NRIS$ HQ+ISSITBS, as per plaL thereof
recorded in P'lat Book 13, page 14s Public Records of
St I,udcie Couaty, F3oMda, r~ ~
whith motlgage is of reoo~d in ~0• R• Boo~ 1a1 , pa9e 2633 of the public
reoords of St. Lucie County, Florida; and
WHEREAS, there is now unpaid on said promissory note , the principal sum of = ~-7, 200 .00
~ wgether with interest from - AS a y 15 , 19-ZQ-, at the rate of
8•~ ~ 96 per annum, and
WHEREAS, First Parties have purchased said property from Third Parties; subject to the lien of the afore-
said nwrtgage, and, as a part of the consideratwn fw said property, the First Panies have assumed and agreed to
pay the indebtedness secured by the aforesaid rtwrtgage and to perform and comply with all covenants, obliga-
tions and agreements by the mortgagors b be kept and performed under said mortgage; and Third Parties, iden-
tified as original bororowers herein, have rcquested Second Party to consent to such transfer of said properly
ar~d mlieve Third Parties of respor?sibility for any deficiency detree in tFte event it beuomes necessary to fore-
dose said nwrtgage: .
NOW, THHtEFORE, in aonsiderotion o~ the sum of =25.00 in hand paid to Serond Party, the receipt of 's
whicfi ia heraby adcnowledged, and, in further eonsiderotion of the agreeme~ of Second Party to aonsent ta
fhe aforesaid hansfer, said oonsent being evidenaed hereby, first Parties do hereby assume personal liability ;
for and ag:ae b pay the ir~debtedness secured by the aforesaid nwrt~age at the times and in the manner specified ~
in the aforesaid Rwrtgage and in the promissory note therein described, and do further agree to perform, ~
aemply with and abide by each and every stipulation, agreement, oovenent and condition of said note and
mort'9a9e• ~
Seoond Party hereby covenanta and agrees that it will not seek a deficiency deaee sgainst fhe Third
against the Third Pa?ties in the event it beoomes neceaaary to enforae the mortgage security, nor enter any suit
on the promissory note against the personal responsibility of Third Parties. v/
i - ~ A~~.
IN WITNESS WHHtEOF,
7O
•parties have hereunto execvt~ed this Agreement o~ `
_7 unp
Signed, a~led snd delivered . '
in ths esence of: ~ ser _ First a Joe~ L uc as
r- ~
U
, j
Pur aser Fnt arty Bonnie D. cas
to Fnt Parties - rchase *
, Y Borrower - ird Party n~tte Scharf~gc.
.~~i.~t
~ - - ,
.
Third Partios - Borrower Borrower - Third Party ; ~ . - . .
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~ FIRST FEDERAL SAVIfVGS '•;r~, _ ~
ASSOCIATION FO~RT PI . • : ~ . .rt
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- BOOK~VS PACE 61 Exewtive V+as-Pr Y... t
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