HomeMy WebLinkAbout1389 - _~'z - ~ -
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458652 TI,.. in:t.umeM a•~+d
• T.inds L.. Stephenson
p~ived • ~ Community FodKal Savinp~ 6
Ous On Claa C•' loon Assocbtion,
PunuMM To CI+M»~ 71.1ilir~a _,•,l RiviKa bwch, Flo~ido
1~l~ " AGREEMENT
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C1~ CYarK ~ ~ ~ 20054419 _ # _
THIS AGREEMENT, made this~day of September . 19~•
by and between COMMUNITY FEDERAL SAVINGS AND LOAN ASSOCIP.TION OF f~
. RIVIERA BEACH, a corporation organized and existing under the laws i
of the United States of America, hereinafter referred .to as
"Mortgagee", and Rellx N Severn & MAttiP C,.S-vPr , h;c wi~Q.
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 February 27 . 19~, in the original amount
of THIRTY FOUR THOUSAND SIX HUNDRED AND DOLLARS 34,600.00 )
- 00/100
which is secured by a mortgage of even date~and recorded in Official
- - -
Record Book_304 , Page -1934 , Public -Recorti~~ of -St _-T.LCie
County; Florida, which encumbers real estate described as follows,
to-wit: = STATE oF= FLORiD~a ~
.-,Z DOCUMENTARY,=::~ STAM_ P TA__~ ~
Z~ ~ DEPT. OF REVENUE p n '
_ . it~42
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6
Lot 19, Block X89, PORT ST. LUCIE, Section Thirteen, according
to the Plat thereof, as recorded in Plat Book 13, Page 4,
of the Public Records of St. Lucie County, 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 tie 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.'
The balance of the mortgage being assumed is $34,507.02.
BUOK316 PAGE~.~