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!"°m»iunth Federal Saves 6
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AGREEMENT Qiv~P'r' ~P'"'~. flarede
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THIS AGREEMi•:NT, made this o~~ day ofd ~ , 1g~~,
by and between COMMUNITY FEDERAL SAVINGS A?7D LOAN ASSOCIP'"ION OF
RIVIERA BEACH, a corporation organized and existing under the laws
of the united States of America, hereinafter referred to as
"Mortgagee" , and E• Dye and Randi F. Dyson
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 June 10, , 19 77 , in the original amount
of Shirty Eight Thousand Seven Hundred 00/100 DOLLARS (S 38,700.00 )
which is secured by a mortgage of even date and recorded in Official
Record Book 269 Page 2052 Public Records of_ St. L•~e
Count, Florida, which encumbers real estate described as follows;
to-wit:
Intl 8 and 9, Block 447, Port St. Lucie Section Ten, according
to the Plat thereof, as recorded in Plat Book 12, pages 49, and
49A through 49 G, of the Public l~cords of St. Lucie County, 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.
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 assumption is $38,675.43.
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