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Lee A. Taylor
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AGREEMENT AssoteoliOA
Riv~ero 6ea%, f~o1~ 3 1 '
THIS AGREEMENT, made this ~ 8t` day of~' ~Qet!?. , i ,
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by and between COMMUNITY FEDERAL SAVINGS AHD 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 E. Churchill and Violet I. Churchill
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 Octjober 3, 19 79 in the original amount
of Fifty Z4~ousand Six Hundred and 00/100 pOLT,A~ ~ $ 50,600.00 )
which is secured by a mortgage of even date and recorded in Official
tfecord Boo;c iii 25.x/? n••~-~ = D --..,-.ate of St. Lucie
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Count, Florida, which encumbers real estate described as follows,
to-wit:
Lot 2, Block 68, South Port St. Lucie, Unit Fivie, aeo~rding to the plat
thereof as filed in Plat Book 14, Pages 12A through 12G, of the Public
Records of St. Lucie Cbunty, Florida.
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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 a part
of the purchase price.
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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 he 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 this assuaption is $26,000.00
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