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AGREEMENT FOR DEED ANO
ESTOPPEL AND SOLVENCY AFFIDAVIT
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STAT~ OF Fl.ORIDA
COUNTY OF ST. LUCIE ~
DONALO MACHTOLFF and POILY MACHTOL~F, being first duly sworn, depose
and say: ~
That they are the identicai party who made, executed and delivered
that certafn deed to FIRST FEDERAL SAVIN6S AND lOAN ASSOCIATION OF FORT
PIERCE (hereinafter referred to as First Federal), dated ig_ day of ~
August, 1977, conveying the following described property, to-wit:
Lots 29~ 30 and 31, 61ock 6, HUNT'S SUBDIVISION,~
according to the Plat thereof recorded in Plat
Book 5, Page 47 of the Pubtic Records of St. Lucie.County,
Florida. '
That tt~e aforesaid deed was an absolute conveyance of the title to
said premises to the grantee named therein in effect as well as in form,
and was and is not intended as a mortgage, trust conveyance, or security
of any kind, and that possession of said premises has been surrendered to
First Federal or will be surrendered as of the ~ 19 day of August, 1977; .
that the cons~deration for the aforesaid deed is
the full cancellation of
all notes, debts, obiigations, costs and charges secured by a certain _
mortgage (in default) heretofore existtng on the pro~erty therein and -
. hereinbefore described executed by DONALQ MACHTOLFF and POLLY MACHTOLFf,
his rrife, as mortgagors, to First Federal, as mortgagees, dated the 2 Oth -
day of and recorded in Official Record Book ~2~2 ,
page~647 o t e pu c records of St. lucie County, State of Flor~da, and
he rel
ease, satisfaction or cancellation of record by First Federal of
said mortgage. -
That tF~ aforesaid deed and conveyance was made by these depanents -
as the resutt of their request that First Federal accept such deed in
extinguishment of~their debt and was their free and voluntary act; that at
~ the tiaie of making said deed these deponents believed and still believe
that the mortgage indebtedness above mentioned represented the fair value
of the property so deeded; that said deed was not given as a preference
aga~nst any other creditors of the deponents; that at the time it was given
there was no other person~firm or corporation, other than First federal
Savings and Loan Association of Fort Pierce, interested, either directly or
indfrectly in said premtses; that these deponents have no other creditors
whose rights wauld be pre~udiced by such conveyance, and that deponents ~
are not obligated upo~ any debt whereby any lien has~been created or exists
against the premmises described in said deed; and that deponents in offering
to execute the aforesaid deed to the grantee therein, and in executing same, -
was not act~ng under any duress, undue-influence, misapprehension or mis-
trep~esentation by First Federal or the age~t or attorney or any ather repre-
- sentative of First Federal, and that it was the intention of these deponents
as grantors in said deed to convey. to the grantee therein all the9r rights, ,
title and interest absolutely in and to the premises described fn said deedt
That the aforesaid deed and conveyance made by these deponertsis executed
and delivered with the express understanding that its receipt by the grantee
~ does not constitute legal delivery and shall be of no binding force and ef.fect
whatsoeyer until such time as t~ deed and the release, satisfaction or can-
cellation of the lien of said mortgage are filed for record in the recorder's
office of the county in which the property is situated, at which tirae the
fu11 tegal and equitabie title shall vest in the grantee, but it is the inten~
{ tion of the parties, supported by the representations and warranties of these
deponents, that the grantee shall take unemcumbered title, and therefore the
FEE, PARKER Q~FEE, P. A. +
wrroRNCVS wT ~.ww
Posr o~?~c~ eox tooo
PORT PIERGR. /LORIDA s34Q0
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