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201442
. ASSUMPTION ~1GREEbiEhT
This Agreement made and entered into this 21 Day of ~
October , 19Z by and between the JENSEN BEACH BANK, a
Florida eanking Corporation, hereinafter referred to as .
Ziortqagee, and ~~y-Si ms-~ .~chi-~ormack ~ ,
hereinafter referred to as Purchaser, ~
Whereas tt}e Bank is the holder of that certain mortqage _
from Robert 1~5. Sims an~d Fo~lea~~-3i'e, Taoorporat~d, Te~ssase Co~rporatioa
to the JENSEN BEACH BAI~?K dated Feb~~'Y 6 , 196~, reCOrded
inOtficial Reoord Book 173 Page 2'9
County, Florida, public records in the oriqinal amount of
. S ~ 1t~866.60 ; and,
. Whereas there is presently due and owinq upon the ~
described mortgage as of October 21 , 19~ the sum of
$ 1297.7fi , toqether with interest thereon from said date
. as s ecif ied in said mort a e and note• and
P g g ~ • -
~~Thereas the purchaser desires to purchase the subject
.
. property from the original mortgagor,
but, by virtue of the provisions of the aforementioned mortqa~e,
such purchase cannot be consummated without the wtitten
~ ~ approval of the Bank and purchaser desires to acquire said
I
~ approval; '
NOW, THEREFORE, IN CONS ID~RATION of the foreqoing and
all of the rights and advantages acquired by each of the .
parties by virtue hereof, it is therefore, agreed that the ,
purchaser upon acquisition of the legal title to the property
described in the aforementioned mortgage shall, and by these .
presence does assume each and every obligation of the above
described mortgage and note in the same manner as if des-
.
cribed as original mortgagor and obligor therein and agrees
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