HomeMy WebLinkAbout2438 Y ~
ASSUMPTION AGREEMENT 1~n~ -
los~ No..
THIS AGREFNIENT, mad~ by M~m~wl a• ~ilA~Y a~ Yarii ~~~~1 w~~~]1{~,yi*~
of St.t~eia County, Florid~, first pa~tiss, and FIRST FEDERAI _
SAVINGS ANO IOAN ASSfXIATION OF FORT PIERCE, a ao~poration with mein offic~ in Fort Ptero~, Florida.
ssoond party, and Hale Conatrnetien Corool'ifi1S?II~..' r~•""~ a~ Cdrnerat~ en
Third Patties.~.:` .
WITNESSETH: 1'fiat w~hereas, on ~b~~ 23 197A . Third Parties ba
inq indebtsd.iq Ssoond Pa~rty +n the sum of ~~~m~~ , did make, executs and deliver
unro Saoor~d Party a ce~tsin promissory rwte and Mortgage ~esd sec~~ing the same, said mortgage encumber-
P~~Y situate iR St Tuni e Gounty, Flori~a, -
desaibed e~ foilowa: ~
- ~ ~
`bo~~~;°qdC~he west 36.06 feet of Lot 4, slock t4,
HARAVII,I11 TS~RACg SOBDIVISION~ as per plat thereof
on file in Plat Book 5, pa6e 50, Public Records of _
St. Iucie Caunty~ Florida,
which nwrtgege is of rsoord in 0. R. g~p 183 . Pa9es 779 dc 780 af the public
reaords of ~ Ta~ e _ Ccunty, Florida; and
t "
WHEREAS, fhere is now unpaid on said promissory note , the principal sum of 7~7~•~
, together with int~eres` from -~~Q 1~ , 19~-, at ths rate ~ of
8•~ % per annum, and
WHEREAS, Fint Pa~ties have purchased said p~operty from Third Parties; subject to the lien of the aforc-
said mortgage, and, as a part of the oonsideration for said property, the First Parties have assumed and agreed to
peY the indebtedness seared by the aforesaid mortgage and to perform and comply with all oovena~ts, obligs-
tions arx! agreements by 1he mortgagors ro be kept and performed under said mortgage; and Third Parties, ide~n-
j tified as original boro~owers herein, hsve requested Second Party .to oo~sent to wch tran3fer of said propetty
and rolieve Third Parties of responsibility for any deficiency deuee in the event it beoort~es neaessary ro fore-
E dose said rtwrtgage;
; NOW, THHtEFORE, in aonsideratron af the wm of =25.00 in hand paid to Seaond Party, the receipt of
~ which is hereby adcnowledged, and, in further aonsideration of the agreement of Seoond Party 1~ aonsent to
~ t~e aforess+d transfer, said oonsent being evidenoed hereby, first Parties do hereby assume personal liability
~ for and agres b peY the indebtedness sscured by the aforesaid mortgage at the times and in the manner specified
in ihe aforesaid moil~age and in the promissory note therein described, and do further agree to perform,
aompty with and ebide~by e~ch and every stipulation, agreement, oovenant and condition of said note and
Rwrt9aget _ ~ • ~
Seoond Par1y heceby aovenants and ag~ees thst it will not seek a deficiency deaee againat the Third
agaM~t the Third_yRs~ties in fhe event it becomes necessary to enforae the mortgage security, nor enter arry wit
on tfis ;promiss'o7 note~against the personal responsibiliy of Third Pafiss.
_ /3th~
` 1N WITN~SS: ~EOF,~ ies have hereunlo execvted this Agr~eetr~ent on
.
Signed, sea{ed and delivered ~ .
; eserKe of: ~ Pwcfiaser - First Pa
~ ` ~ • . ~Y Manuel -A . :
, ' ~ ¢ ,
Purchaser - Fint Party Z1a Ce ~ : `~~`3'
_f_
as Rnt Parties - Pur : _ Constritc ion C Y'p ~~~~~I~~j~i,~~~;~
~ . . - ~ , i .s~'~ ~
. . r'~.
Borr - Third PartyBeA jiu~3~ ~
1 ~
la, , " ~j ~'i t.~
.!~i:r ~ n -
ss ro Third Parti~s - ea~ ea~ - TM~~a v'.:~?f,~:,
~.r - ~ ~
, ' ' {s-` -;~s~Z~1M{tk~t!~i?.
HRST FEDERAL ' • ~ . - '
~ A,SSOC'IATION` ` . ~
s __+c , . ~ •r ~r •
0 R ~ ~ . : ~ Tllott `i~` Nio~p~r ,
~185 ~244Q r . ~ ~ ~ r . . ~
- . . , .w.... ;
~J .
.
~ ~ ~ _ - - _ - - - - - - - -
. ~ y - - _ _