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ASSUMPTION AND MODIFICATION AGREEMENT
THIS ASSUMPTION AND r1O0IFICATION AGREEMENT is
entered into this 17th day of July
19 79 , by and between First Newport Realty Investors,
~ formerly Alison Mortgage Investment Trust, (hereinafter
a~ cal led "Mortgagee") , - W• D. Brooks and Leona W. Brooks
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~ t t (hereinafter cal led "Mortgagors, " whether one or rwre
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than one), and Eugene G. Gwyer and Frances M. er
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(hereinafter cal led "Grantees, " whether one or more
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' ~ ~ ~ y than one) . -
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W I T H E S S E T H:
'??~~'-'~{itit~l WHEREAS, Mortgagors have given to Allstate Enterprises
~g 4 I Mortgage Corporation, an Ohio corporation, (herein,
..v.rNTr'~ "Allstate") , a certain mortgage, dated June .28th ~
19 76 , recorded in Official Records Book 254 , Page
1530 ~ of the Public Records of St. Lucie-County,
~ Florida (said mortgage is hereinafter called the "Mortgage");
and -
WHEREAS, the Mortgage secures an indebtedness
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evidenced by a Note executed by Mortgagors on or about
June Z8th lg 76 (said note is hereinafte
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~ called the "Note"); and
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WHEREAS, Allstate assigned its interest in the
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Mortgage and idote to Finisterre Corporation, and Finisterre
Corporation assigned its interest in said Mortgage and
Note to First Newport Realty Investors, a California
business trust; and - - 70
aecewed • 1n PayrnMn of Ts~as
~ Oue on cuss "C" M~lbls Psnonsl PropKty.
a~~~~ P~f ou?suM117o C1f~st ~1.1'J4, ACtt Of 171.
s. ROOEII *OITRAS 9
r FNRI -Oceana 7 / 7 9 r~ C~n~it Car` 86 4KN. Co.; FN.
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