HomeMy WebLinkAbout1583 NOiii THEREFORE, in consideration of ONB HUNDRED AND Seventy FIVE
DOLLARS ~ 17 S . 00 ) and other good and
valuable consideration, receipt of which is hereby acknowledged by
Mortgagee, it is mutually agreed by and between the parties hereto
as follows:
l.~ That the credit of the Purchasers is satisfactory to
the Mortgagee and that the Purchasers are accepted for membership in
the Mortgagee.
' 2. That as a part of the purchase for said real estate the
Purchasers hereby assume and agree to pay the above-described note
and mortgage to the Mortgagee and that the Purchasers hold said
property subject to said note and mortgage and that--they will make
the prescribed monthly payments thereon to said Mortgagee and perform
-all other requirements in accordance with the terms of this Agreement
and said note and mortgage.
3. That the parties hereto agree that. the interest rate of
9.75 per cent per annum as set forth in said original note
hereinbefore described is hereby amended to 9.75 per cent per
annum and the parties hereto further agree that the payment of
$ 329.73 per month as set forth in said original note is_amended
to $ 329.73 for each and every month hereafter.
- 4. That all terms, covenants and conditions in said original
-note and mortgage referred to which are not inconsistent herewith are
hereby expressly confirmed, ratified and declared to be in full force
and effect.
5. Mortgagee hereby releases FIRST SUNRISE DEVELOPMENT COMPANY,
a' Florida Corporation , as Mortgagors under the
hereinbefore described note and mortgage, from all personal liability
on said note and mortgage.
6. This Agreement does-not constitute the creation of a new '
debt, nor the extinguishment of the debt evidenced by said note and
im air the lien of said
4 mortgage, nor does it in anywise affect or p
s
mortgage, which lien is a valid and existing first lien on the above-
described premises.
. -z- BOOK ~3 X1581