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bGORTGAG~ MOi~I1~1CATI0N
AND ASSUI?::PTIO~' AGR~EMEN'P
WNEREAS, R.D. ROBINSON and SANDRA A. ROBINSON, ae
r~ort;'A~'OTB~ did on February 18, 1971 , make, execute and deliver
certain mortgage deed to 3ecurity Federal Savinge and I+oan Aeeo-
~iation of Indian River County, a corporation organized and ex-
iating under the lawa of the United Statea of Amerioa, ae mortgage~e,
which mortgage was recorded in ~fficial Record Book j90 , page
1029 , Public Records of Saint Lucie Countq Florida, and .
which mortgage deed encumbered a certain tract of land in Saint
Lucie County , Florida, deacribed ae followe:
~ Lot Eleven (11), Block Fourteen (14), RIVER -
PARK UNIT TWO, a subdiviaion according to
plat thereof as ~eca~ded in Plat B~ir~k i 0,
page ?2, of the Public Records of Saint Lucie
County, Florida. .
as security for an original principal debt of $16,000.00 evidenced
by a promieaory note, which promi8sory note wae eet out in eaid
mortgege deed; and
~REAS, eaid mortgage and note urovides for pevment of
! of principal and intereet at the rate of 8.25qb per annum in equal
f
F
` monthly installmente of ~126.16 ~ach, and
WHTREAS, SALVATORE A MANCINI and E. VIRGINIA MANCINI,
I hie wife, hereinafter referred to as Firat Party, haa
purchased the eaid property encumbered by eaid mortgage and ae a
part of the purchase price has agreed to assume eaid mortgage, and
~ Wf~~AS, Firet Party and Security Federal Savinge and
:,oar. Asaociation of Indian River County have agreed to amend and
r
~ modify said note and mortg,age so aa to provide Yor a reduction of ~'t
~
~ ~nterest due there under to 7.596 per annum and a reduotion of the
~ monthly paymenta due there under to $118.24 per month, and
~ W~REAS, se o~ June 1 19?1 , the principal balance
~
due under the eaid no~e and mortgage wae 515,835.00 and
~i9~ ~615
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