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ASSUMPTION AGREEMENT ~l/016i3
~oa~ No..~ 0021948
THIS AGREEMENT, made b Jimnie M. Raulerson and Melba J. Raulerson, his wife
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of St. LuC1@ _ County, Florida, first parties, and FIRST FEDERAL
SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, a corporation with main office in Fort Pierce, Florida,
second party, and eernice Gadd~_formerly Bernis~L.,_~dke~
Third Parties.
~ WITNESSETH: That whereas, o~ M~ 27 19~~.. Third Parties be-
ing indebted b Second Party in the sum of $ ~ 1~6~~• ~0 d+d make, exccute and deliver
unto Second Party a certain promissory note and Mo~tgage Deed securing the same, said mortgage encumbe~- -
ing property situate i~ $L. LuC1E ~ Couny, Florida,
described as follows: ~
Lot 14, RIO VISTA SUBDIVISION, as per plat thereof on file in Plat Book 9,
r~ j ~ page 6, of the public records of St. Lucie County, Fiorida.
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~ DOCUMEN7AKv STl;~+~t~. ~ , ~
~ ~ ~ ~ - - ~ ~ • _ _ - :
+'r ~ ;?FP(. ciF i?EV~liUE ':f'~=y'+i..
t ~ • • ~ 1/1 Pwf11~11t a TaN
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C~ass ••C•• ~MSeg~bt~Preson~IPoops~ty
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pu~suant To Chapter 71.134. Aots Of 107f.
' ROGER POITRAS '°r'~
c~e•~ C+rwit Court. SL Luci~, Co., FM.
which mortgage is of record in R• g~k 253 ,~9~ 523 of the public ~
reoords of St. LUCiQ Couny, Florida; and ~
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WHEREAS, there is now unpaid on said promissory note , the principal sum of ~~~,379.58
together with ~?,re~esr f~om September 2~ _ 19
, at the rate of
9• ~ % per annum, and
WHEREAS, First Parties have purchased said property from Third Parties; subject to the lien of the afore-
said mortgage, and, as a part of .the consideration for said property, the F;rst Parties have assumed and agreed to
pay the indebtedness secured by the aforesaid mortgage and to perform and comply with all covenants, obliga-
tions and agreements by the mortgagors to be kept and performed under said mortgage; and Third Parties, iden-
tified as original. bororowers herein, have requested Second Party to consent to such t~ansfer of said property
and relieve Third Parties of responsibility for any deficienty decree in the event it 6ecomes necessary to fore-
dose said mongage; ~
NOW, THEREFORE, in consideration of the sum of E25.00 in hand paid to $emnd Party, the receipt of
which is hereby acknowledged, and, in furihe~ eonsiderotion of the agreement of Second Party Hn cornertt to
the aforesaid transfer, said eonsent beirtg evidenced hereby, first Parties do hereby assume- personal liability
for and agree fo pay the iruiebtedness secured by the aforesaid mortgage at the times and in the manner specified
in fhe aforesaid mortgage and in ~the promissory note therein descfibed, and do f~rther agree to perform,
oompiy with and abide by each and every stipulation, agreement, covenant and condition of said note a~d
mortgage.
Seeond Party hereby covenants and agrees that it will noi seek a deficiency decree against the Third
against ihe Third Pa~ties in the event it becomes necessary to enforce the mortgage security, nor enter any suit
on the promiswry note against the personal responsibility of Third Parties.
IN~ W{TfOESS WHEREOF, the parties have hereunto executed this Ag~eement on Q~k._ .
, 19_~.:
Signed, and del' ered ~ ~
~n the ~r ser - F ri st Party Jimnie ~M.rRaulerson~S~~~
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~ x y ~ ,~a.~~ (SEAL)
Purchase~ - First ny eTba J. Raulerson
~ a to Fi P ies - Pur sers
.
n ' • / (SEAt)
rower - Third Party Bernice Gaddy rly
8err~ice L. 8a er
' ~~~.P.~.~ y~~u...,,..~
csEn~~
as ~d.PAjties - Borrower Borrower - Third Party
~~i~ ypaa a:,.''~;
ti'' ~~a • • • . , :
, - FI RST FEDERAL SAVlNGS AND LOAN
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~ ASSOCIATION OF fOR
A~ ~ ,aooo~,~ . -
.,;;,`~~3 3~L~ ~ by
: • : , r Set13.o1' I~~i,I Vic~President ~
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` •y , ~ . . ~~y ( 4X f%uE 1
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