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Home My WebLink About1751 2. Grantees, jointly and severally, hereby assume and agree to pay the entire unpaid principal balance of the Note, together with interest thereon from the date of assumption (which date shall mean the date on which the deed from \4ortgagor to Grantee is recorded), according to all the provisions of the Note; provided, however, that the provisions of the Note which Grantees assume and agree to pay shall be and hereby are modified as follows: (a) Beginning on the date of assumption, the interest rate shall be nine and seven-eighths per- cent % per annum; ' (b) Beginning with the first monthly installment due following the date of assumption, the monthly installments shall be Three hundred eighty-two and 59/100. I~llars 3. Grantees further agree to keep and perform all covenants and conditions on the part of the Mortgagors to be kept and performed, according to the provisions of the Mortgage, with the same effect as though Grantees had been joint makers of the Note and joint Mortgagors of the Mortgage; provided, however, that the rate of interest on the unpaid principal balance of the Note and the monthly installment shall be as provided for herein. 4. Mortgagee waives its right to accelerate the indebtedness evi- denced by the Note arising out of said conveyance from Mort- gagors to Grantees, and its right to payment in full of said indebtedness at this time. 5. Mortgagors are hereby released from any and all liability evi- denced by the Note and the Mortgage. 6. This Agreement. shall nat be construed as obligating the Mort- gagee to waive its right of acceleration of the indebtedness secured by the Mortgage upon a future conveyance of the premises described in the Mortgage by the Grantees. 7. This Agreement is deemed to be made in the State of Florida, and shall be interpreted and construed in accordance with the laws of that state. MORTGAGEE: F NEWPO CORPORATION (SEAL) By: i B r -~r - ~.i Y 7 -4 ~x_ ~ ! 1. t "Y ' _ Bern d L . De _ 1~' ,(J 3 - Tea ~ ~ ~ Margaret Denker ` i i OK r 11/79 ceana Page 2 of 3 BOOK PAGE~~~~