HomeMy WebLinkAbout0823 Thi~ instrument wos pr~r~ by: l o/
a~~688 Carol R. Trache
cf
Community Fedoro) $ovings d,
loan Ass«iotion,
20024503 Riviera Beoch, Florida -
AGREEMENT
THIS AGREEMENT, made this ~4th day of November , 19 77 ,
by and.between COMMUNITY FEDERAL SAVINGS At~D LOAN ASSOCIPTION 4F
RIVIERA BEACH, a corporation organized and existing under the laws ~
of the United States of America, hereinafter refe~red to as
:
. :
"Mortgagee", and Shirley L. Pansy & Corinne Pansy . :
i
hereinafter referred to as "Purchaser". 3 . '
W I T N E S S E T H: '
- WHEREAS, the Mortgagee is the owner and holder of a
promissory note dated August 26, , 19 77 , in the original amount ;
of THIRTY TWO THOUSAND FOUR HUNDRED & NO/ DOLLARS ~532,400.00-- ) ~
0 ~
which is secured by a mortgage of even date and recorded in Official ~
~
Record Book 273 , Page 1069 , Public Records of St. Lucie ;
Count~,-Florida, which encumbers real estate described as follows,
to-wit: ~
Lot 14, Block 293, PORT ST. LUCIE, Section Two, accarding to the
Plat thereof, as recorded in Plat Book 12, Pages 12A through 12D, ;
I of the Public Records of St. Lucie County, Florida.
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WHEREAS, the Purchasers are purchasing said real estate and ;
have agreed to assume said note and mortgage and have made application
ta ~r,~ .,ortgay~2 ~c a~2o~r th~ P*~rch?SP~'s t~ ~sswne ~he h~reinbefore ~
~
described indebtedness evidenced by said note and mortgage as a part
~ _
of the purchase price. _
WHEREAS, part of the consideration for allo~~ing the Purchasers
~
~ to assume said note and mortgage by the Mortgagee is that the Mortgagee
~ approve the Purchasers' credit and that the interest rate shall he at ~
such rate as the Mortgagee shall request in accordance with Paragraph - ~
~ ~
~ 10 of said mortaage being assumed and that the Purchasers pay an ~
s
~ assumption fee. ~
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Balance of Loan Assumed is $32,657.96. ~
~ - ~o~~ 278 ~A~~ 821
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