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HomeMy WebLinkAbout1120 r~ ~ ~ 31~981 i ASSU*iPTION AGREEI~fENT ; ; ~ AGREEMENT MADE this day of July, A. D. 1975, ~ ~ 4 between WILLIA.*~1 J. CHEVALIER d/b/a~RUSSAKIS LIQUORS, of 3159 ~ ~ Overbrook Drive, Port St. Lucie, Florida, hereinafter referred ~ to as the party of the first part, LAU*tEN DELAHA:JT as agent for LAUREN M. DELAHANT and DORTHEA M. DELAH~~1T, his wife, of 6310 Cortland, Allen Park, Michigan, hereinafter referred to as party of the second part, and FLOP.IDA BANK A3' FORT PIERCE, Post ~ Office Box 3469 Fort Pierce Florida, hereinafter referred to ~ . ? ~ as party of the third part. ~ ihe narties hereby recite and stipulate that- ` ~ (1) WHEREAS, the party of the first part and the party ~ of the second nart have entered into an agreement dated June ~ . ~ , 1975, providing for the sale of the liquor business ~ z known as RUSSAKIS LI~UO??S, located at 112 Denot~Drive, Fort f ~ Pierce, St. Lucie County, Florida, to the party of the second ~ part, a copy of which is hereto attached; and ~ ~ (2) WIiEREAS, the oarty of the f.irst part is indebted to ~ the narty of the third part on two separate obligat'ions, which g ' are described as follows: ~ j (a) Security Agreement and Promissory Note dated ; ~ . i ~ January 18, 1974, a copy of ~~hich is attached hereto and incor- ~ ~ ~ ~ ~orated herein by reference, in the principal amount of $21,000.00, ~ together with interest thereon at the rate of 9 1/2 per cent per ~ annum, upon which there is a current outstanding princinal balance ~ 3 ~ due of $18,432.81, together with accrued interest in the amount ? : of $1,855.28, which is secured by a first lien on State of Florida ` Alcoholic Beverage License ~vo. 66-5, Series #3-EPS; ~ (b) Promissory '~ote, dated September 10, 1974, in the ~ ~ principal amount of $1,683.95, together with interest thereon ~ ~ at the rate o~f 10 per cen~ per annum, upon which there is a ; ~ - ~ current balance due of $1,683.95 Arincipal, together with $97.81 ; _ ; ~ ~ interest, a copy of which is attached hereto and incoroorated ~ ~ ~ aoo~ ~4~ ~cr.1 ~21 - ~ ~ ~ 4~. ~ ~ ~r .,~e ' ~ .s~~~Y - ffi y~"~~-'fr,~ z' _ ~'~.5 . a. , _ . .