HomeMy WebLinkAbout0731 •
~'71SSS w, s. Loam ~
026470-sA
KRAUSE
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MIAMI 0[ACM, It`0111QA »1~0
WASHINGTON ~
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tO~L .At[ .~Or •Apw~wO COY"~~ ~
JACK O. OOA00~1 A11TMyR N. COyA!"ON ~ ~
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ASSIMPTION AGREEf?tEhT
WHEREAS, the Maker named in Paragraph 7, below, and referred to herein as "Maker",
executed a note in favor of WASHINGTON SAVINGS AND LOAN ASSOCIATION OF FLORIDA
a Florida corporation, hereinafter referred to as the "Association", a copy of which
has been supplied to Buyer; and,
WHEREAS, maker executed a mortgage of even date with said note in favor of the
Association, securing said note and encumbering the property described in Paragraph 10,
below, a copy of which has been supplied to Buyer, and which mortgage is recorded in
Official Records Book 263 ' at Page 17480E the Public Records of ST. LUCIE
County, Florida; and,
WHERE.~IS, said property is presently owned by the "Owner" as identified in Paragraph 8,
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below; and, -
KNEREAS. the parties named in Paragraph 9_ below_ and hereinafter referred to as the
"Buyer", have this : 15th day of No;re~nber, 19 7 9 purchased from Owner the property
encumbered by said mortgage, have applied to the Association to assume said mortgage, and
have as a condition of said purchase agreed to assume all of the obligations of said note
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and mortgage; and,
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fa'HEREaS, Buyer understands that upon performance of all of the conditions of t.is
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j Agreement, the Association will release 1`faker and Owner from the obligations of said note
and mortgage, -
f~tOVr, THEREFORE, in consideration of the premises and in consideration of such further
~ covenants and conditions prescribed hereinbelow, Suyer, jointly and severally, hereby
expressly covenants and agrees as follows:
~ 1. Buyer hereby assumes and agrees to pay and perform all of the obligations of
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t
~ said note and mortgage, together with such amendments to said note as may be hereinafter ,
prescribed.
2. Buyer hereby acknowledges that said mortgage constitutes a good and valid first
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lien upon the property described in Paragraph 10, below, and upon all other property'
encumbered by and described in said mortgage, and Buyer further acknowledges that said
note constitutes a ood and valid sutsistin obli ation in favor of the Association.
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1 ~ _ c.i..-,. Y
Form 2 (12/78) - ~ ~ ~ rJ. 6 ~ 1 -
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a~ 3~3 P~ 731
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