HomeMy WebLinkAbout0732 S. 6uyei• aci:no::ledges that buyer has no defenses, coup:erclaic~s, or setoffs
against said rortgage or said note or the Association, and further agrees that any claims
which Buyei• nay nog: hate or hereafter have, or assert, against 0~••-ner, shall in no xay
excuse paymsnt of, or performance oi, the terns and conditions of slid note and eortgage.
4. Buyez executes this Agree~aent with full understanding that the Association will,
in reliance thereon, release Maker and O~•+ner fro:a the obligations of said note and
mortgage upon performance of tha conditions of this Agreement as herein stated.
S. Buyer understan3s aa3 agrzes that should the Association release Maker and
Q.cner from their obligations under said note and mortgage, any such release shall in no
~:ay affect, impair or di~ainish Buyer's obligations and liabilities under said note and
rortgage, nor under this'Agreeu~snt, nor in any may affect, impair or diminish the lien
of said mortgage upon the property encu~`vered thereby.
6. The terns 1?isker, O~:~er and Bu)•er shalt include the singular as xell as the -
plui-al~ khere the context so requires or admits. ~ _
The 1?:3ker referred to herein is - _
LEE R. SLOCUM AND MARGARET M. SLOCUM, HIS WIFE -
8. The O•.cner referred to herein is
i FE R ~ St OCLTM! AIJD 1~AD~ADET Sa~vvv'u, :iiv :~i~E
9. The Buyer referred to herein is
.CLAYTON D. KRAUSE AND ELEANOR V. KRAUSE, HIS WIFE
10. The real property encumbered by said ~ortgagc is:
Lot 41, Block 2 of the VILLAS OD SANDPIPER
BAY, UNIT 2, according to the Plat thereof,
as recorded in Plat Book 17, page 14, of the
Public Records of ST._Lucie County, Florida.
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11. Buyer ackno::ledges that the present principal balance due under said note
is $ 30,304.33
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~ 12. [i:iloss othPr~tiisy s^o::n as inapplicable, slid Holt is hereby amended in the
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~ follo~;zng respects:
fa) The an^sal interest rate is changed to ~~~Z6 ~ .
XX (b) ire ~~:ply installment of principal 298.35 -
a.^.d ?:Merest is changed to $
' _ XX (c) Try fins: payment date in said note
and r:or4gage XIilEX~(~i~Di~X7t~X~~dC3ClQXX~C~t~O
(shall remain) FEBRUARY 1, 2007
XX (d) The c1:ar.Ge in interest talc as
n°:ein~.bovc pro:•idcd shall become
ef=::cti~•z on the first d.~y of January 1, .1~-$,Q
.XX
(c) Tne first installment of principal
an3 interest at the revised figure
reflected in subparagraph (b), abore, •
shall be du° and pa)•aVle on the
first day of ~ February 1, ' ,1980
BOOK ~NGJ fAGE
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