HomeMy WebLinkAbout1067 2. Buyer hereby acknowledges that said mortgage constitutes a good
and valid-first lien upon the property described in Paragraph 10, below,
and upon all other property encw~abered by and described in said mortgage,
and Buyer further acknowledges that said note constitutes a good and valid
subsisting obligation in favor oP the Association.
3. Buyer acknowledges that Buyer has no defenses, counterclaims,
or setoffs against said mortgage or said note or the Association, and
further agrees that any claims which buyer may now have or hereafter have,
or assert, against Owner, shall in no way excuse payment of, or performance
of, the terms and. conditions of said note and mortgage.
b.. Buyer executes this Agreement with full understanding that the
Association will, in reliance thereon, release Maker and Owner from the
obligations oP said note and mortgage upon performance of the conditions
of this Agreement as herein stated.
5. Buyer understands-and agrees that should the Association release
Maker and.ONner from their obligations under said note and mortgage, any
such release shall in no way affect, impair or diminish Buyer's obligations
and liabilities under said note and mortgage, nor under this Agreement, nor
in any way affect, impair or diminish the lien of said mortgage upon the
property encumbered thereby.
6. The terms Maker, Owner, and Buyer shall include the singular as
well as the plural where the context so requires or admits.
li 7. JIMMIE Le RHODES AND CONNIE JreRHODES HIS RIFE
i ~
8: The Owner referred to herein is
{ JII~lIE L. RHODES AND. CONNIE J. RHODES, AIS- i~FS
9. The Bu er referred to herein is
HUBERT TAYLOR AND LEONE E. TAYLOR ,HIS idIFE
10. The real property encumbered by said mortgage is:
Lot 40, Block 2 of the VILLAS OF SANDPIPER BAY, .
UNIT Ti+10, according to the Plat thereof, as
recorded in-Plat Book 1T, Page 14 of the Public
Records of St. Lucie County, Florida.
11. Buyer acknowledges that the present principal balance due under
said note is ~ 29,234.01
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~ 12. Unless otherwise shown as inapplicable, said note is hereby
' amended in the following respects: - -
~ Form 2 (12/78)
Page 2 1 f 4
~ B~I~~ PAt~i~7 '