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AGREEMENT
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THiS AGREEMENT, made this_ day of August , 19 79 ,
by and between COMMUNITY FEDERAL SAVINGS At7D LOAN ASSOCIATION OF
RIVIERA BEACH, a corporation organized and existing under the laws
of the United States of America, hereinafter referred to as
"Mortgagee" , and Paul D. Turae~ , Sr_and MaRd~lin 0. Turner, his. wife _ •
hereinafter referred' to as "Purchaser".
W I T N E S S E T H:
_ WHEREAS, the Mortgagee is the owner and holder of a
promissory note dated dime 27 , 19~, in the original amount
o f ZT~IJ!'Y SIX T~ADID F0~_ H[1~ID[tm AMID oo~Q(~~+p?~ 26, 400.00
which is secured by a mortgage of even date and recorded in Official
Record Book 289 , Page 1874 Public Records of St. Incie
County; Florida, which encumbers real estate described as follows,
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to-wit: OrI MI IR~t'Q' NITAtIEhIE KaRtfNAt Flgl~
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~ Iat 4 Block 387, PQtT ST. IUCIE, SELTIQ~I T~N1'Y~+OUR, aooording to the
plat thezeof, as r~oo~d in Plat Book 13, Pages 31 and 31A through 31C,
~ of the public records of St. Lucie Ootmty, Florida.
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~ *Ausuant to that Modification Agreacrent and Partial Release Agreanent
~ date Se~pteaber 19, 1978, in Official Aecxg~d Book 294, at Page 2007
through 2010, in public reoo~acls of St. ?aa~cie Oamty, Florida.
WHEREAS, the Purchasers are purchasing said real estate and
have agreed to assume said note and mortgage and have made application
to the Mortgagee to allow the Purchasers to assume the hereinbefore
described indebtedness evidenced by said note and mortgage as apart
of the purchase price.
WHEREAS, part of the consideration for allowing the Purchasers
to assume said note and mortgage by the Mortgagee is that the Mortgagee
approve the Purchasers' credit and that the interest rate shall be at
such rate as the Mortgagee shall request in accordance with Paragraph _
10 of said mortgage being assumed and that the Purchasers pay an
assumption fee.
Zl~e balance of the mortgage being assumed is $26,185.93.
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