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Loan t 28225-7
~SUI~TION 71GREEMENT Lund I
•1KEREAS, the l6aklr named in laragraph 7, below, and seferred to
herein as •~aker'~ tXlCUted ~lfote in ilVOr Os GOV Financial Corporation
Was ington Federal, Savings
which note was assigned to & Loan Assn ~ dnited States corporation, here-
of Miami Beach
iaatter sslorre4 to as the •~?osociation•. • copy of which bas bean sup-
plied to Auyer; dud,
O~REREAS, *aker executed a tsortgage of aver date Mich said Aote to
~DV Financial Corpporation, which mortgage was assigned to Washington Federal
savings & Loan Asso. of ~ securing said :tote and snaumDsria9 the property
Miami Beach
desesibed•in Paragraph 10, below, • Dopy of which bas been supplied to
avyer, and which aortgage is recorded in Official Records Book 272
at page 2811 of the public Records of st. Lucie County, Florida;
and.
~iHEREAS. said property is presently owned by the 'Owner" as identi-
fied in Paragraph 6, below; and,
MHERc•~?5, tfie parties tamed in Paragraph 9, below, and hereinafter
' day of ~A 19~„Q
referred to as the 'Sayer", have this
' purchased from Owner the property encumbered by said aortgage, have
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applied to the Association to assume said mortgage, and have as a
condition of acid purchase agreed to assume all of the obligations of
t
said note and swrtgage; and,
i.
NHEREAS, Buyer understands that upon performance of all of the s
conditions of this llgreement, the 1ssociation will release Maker and
Owner Eras the obligations of said note and moztgsge,
t
NOw, THEREFORE, in consideration of the premises and in considers-
E lion of ouch further covenants and corditio~s prescribed hereinbelow,
~ Buyer, jointly and severally, hereby sxpres/:ly covenantc and agrees
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as lollowr:
1. iuyez hereby assumes and agreec to pay and pezfosin all of the
obligations of said cote and mortgage, together with ouch amendments
to said note as say be bezar:aaftrsr psexcri~rd.
2. Buyer hereby acknwiedges that paid Mortgage constitutes a
r
good and valid first lien ton the property described in paragraph 10,
below, and upon all otAer property onc~era3 by and described in said
~r{gage, Dad Buyer lumber ack~ata+lodges that said note constitutes a ;
r
g=ood sad valid oubsiotiaq obligatioz? in favor of the 7lssorciation.
rt \ ~ RscN/1v~sd^~ J ~ ~ p 01 T~ocN
3 ~ ,w,, insrrunrarH was pnpand byr {r pvop~,ty.
~ w. sTUaaT, Anorney pursuam To Chapter 71, 134. Acts OI 1971.
01 lire tsr Offices of Cowshon 6 Covrshon and Biooyll R~ POITilA$ q.~r F
i?.? JFx~eea~ /venue. Miami &sdr, Florida 331 ? s
39'CiMA Circuit COwt, St. 4~e. CO.,
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