HomeMy WebLinkAbout0356 • ~
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• ' . ~ S-8534 CSM/ab #
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. ASSUMPTION AND MODIFICATION AGREEMENT
THIS ASSUMPTION AND MODIFICATION AGREEMENT is -
entered into this 17th day of July
- ~ I
~ ~ 19 79 , by and between First Newport Realty Investors,
ti formerly Alison Mortgage Investment Trust, (hereinafter 1
rrt
• ~ cal led "Mortgagee") , y
Robert A. Foster and Bett D. Foster
-''~~f (hereinafter called "Mortgagors," whether one or more
y~9
a`~ " than one), and _Robert A. Hackney and Helga Hackney
~~ir-
J7 ~
~ ;111 N (hereinafter cal led "Grantees, " whether one or more
ac
- than one). ~
$ G i W I T N E S S E T H:
• .v:.tE
,;,r,;~ WHEREAS, Mortgagors have given to Allstate Enterprises
Mortgage Corporation, an Ohio corporation, (herein, '
_"Allstate"), a certain mortgage, dated September 30 ,
19 76 , recorded in Official Records Book 258 , Page
1115 , of the Public Records of St. Lucie County,. j
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Florida (said mortgage is hereinafter called the "Mortgage");
and s
WHEREAS, the tortgage secures an indebtedness
evidenced by a Note executed by l?~ortgagors on or about
September 30 , 19 76 (said note is hereinafter
called the "Note"); and )
WHEREAS, Allstate assigned its interest in the
rj Hortgaye and Note to Finisterre Corporation, and Finisterre r
, 3
Corporation assigned-its interest in said Mortgage and _
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Note to First Newport Realty Investors, a California
business trust; and ~CavEp =
4,~,~ Nf p~~ pr 7~xES
OUE ON CLASS 'C' IIITAM6'6tE ?ERSfNAI ~ ER~t
fURSUANt TO CHAPTER 71.1'4, I[CTS OF
Iws:EEn PaT~t 4
cl~c ~acrlT car. s~ uiq~ ~1~.1N1.
FNRI-Oceana 7/79 =
' ~ of 6 . ~ Bo'~3~4 PacE 35