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ASSUMPTION AGREEMENT 1~03~
to.~ No.. ~ 6,211
THIS AGREEINENT. mad~ by ~Qe D. 3m?r~sr and DeLaa R. 3aYd4r~, hia Kif~
of Rt nni a County, Florida, fint part'~s, and FIRsT fEGERAL
SAVINGS AND lOA?N AS.SOCIATION Of fORT. PIERCE, s o~rporation with main offiw i~ Fort Pi~a~. Florida.
:aoond party, arld u•~ e .L_ _r,~t,~ n, ~,,p=
ri#~ e~,~ a tn e~rirls r.s~p,~t~i~
Thi~d Pahi~s..
WITIVESSETHs•, Thet wheross, on ~"t"~"g"'~ 23 , 19_3.0. Third PaNies ba
in~ indebted to 5eoorxl:Party in the sum of 3~1$.~.~ . did make, execute and dsliver
unto Seoo~d ~PaNy s oeitain ,promissory note and Mortgage Deed securing the same, said mort~aqe encumber-
Ing property situat~ In St. I,ucie ~ounty. Fiorids,
descri~d as fdlowsr
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.I.ot 4 ttne lr~l'est 36.06 feet, all of Lot 5 and the wsat
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2~118~ test of Lo~ 6, Block 1 k, MARl1~ZA T~~ACB .
~1RSION~ as per plat thereoi an file in Plat Book 5i . _
page 50, Pnblic Records af St. Lucie Caunty, Flarida,
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which rrw~gage is of reoord in R- Book
~8~..---, pa9as-~-782 af the Pu~lic
reoords of ~cie Couny, Florida; and
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W~i~REAS, th~e is now unpaid on said promissory note , the principai sum of : 18~600.00 _
to~ethsr with ~#erest ftom J~u~Q , 19~0-, at the ~atp of
A..~ % per annum, and
WHEREAS, First Parties hava purchased said property from Third Parties; subject to the lien of the afore-
said mortgage, and, as s part of the oonsiderotwn for said property, the First Parties have assumed and agreed to
pay the indebtedness secured by the aforesaid mortgsge and to perform and aomply with all covenants, obliga-
tions and agreemenri by the mortgagora b be kept and performed under said mortgage: and Third Parties, iden-
~ tified as original bororowers herein, have requested Second Party to oonsent to such transfer of said property
~ and rolieve Third Parties of responsibility for any deficiency decree in the event it beoorr~es neoessary ro fora
dose said nw?tgage:
~ NOW, THHtEFORE, in aonsideration af the sum of s25.00 in hand paid t~o Seaond Party, the receipt of
~ which is hpteby.,adcnawledged, and, in further aensideration of ffie agreement of Seaond Party t~o oonsent to
the aforesaid han;f~ said oonsent being evidenced hercby, first Porties do hereby auume personal liability
for and a~roe to pay tfts i~idebtedness securod by the aforesaid mortgage at the times and in the manner specified
in ths aforesaid ~ and in the p~omiuory note therein described, and do . further agree b perform,
oomply with brd abide by esch and every. stipulation, agreement, oove~ant and oondition of said note and
Saaor~d Party he~ebi~i oovenann~nd agrees that it will not seek a deficienry decree against !fie Third S
a~ains~ .the Thi?d~ Parti,e~' ~n the eve~t it beoomes necessary to enforoe fhe mortgage security, nor snter any wit
on fh~yPrpmissory nPh .a~sinst the persona) responsibility of Third Partie~: . ' ~
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T~ESS' WHHtEOF,~~parties hsve hereunto executed tfiis Ag~eement on 1 k1'~
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Siyr~ed, led. and dsliver i
4
~ in the of• Pwcha - First Parfy C . ~a.,~~ ; `
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Pur r-~irst Party lana B.
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r~ Fint rti.: - Purchs~ Hale netrnc i n orp -
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Borrower Third arty n,jam~t~ ~~+i~+~i4~ pEeeQi.dent ~
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as ro Third Pania - Borrowu ;~Sc~r. - ~ .1~;
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_ R '~M~Gb AND LO
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b00K~VtJ ' ~cutiw Vio~Pr
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