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Home My WebLink About0354 y 0~ ` ASSUMPTION OF INDEBTEDNESS ~ wt herby acknowledge that w. haw purchased cenein property dtscribtd is follows: 49145 i Apartment No. 306 of the Colonnades Condominiums No. 11, according to the Declaration of Condominium recorded in Official Records Book 237, Page 2011, } of the Public Records of St. Lucie County, Florida, together with all appurtenances thereto, together with an undivided interest in the common elements thereof. II~OMNd ~ in Payf1»nt Of Tsxes ~ OIN 011 Clw "C" IeNaf1~N P~nonal P~opsrtl~. Ar~uMt To Clmoar 71.1!4. Ass OI 1971. . IIOOfR lOIiM1f CfM! C11wlt OorrR ft LirM~ Off, Ra . end funha acknowledge that, as part of the purchase prig. of said property, vnt have aswmtd the indebtedness in tM form of a note psyablt { co tl+e order of First National Bank of Fort Pierce ' AME n ~1 by a (check one) O security agreement ®mortgage B~IIYar - fLCGdI~ a _ t J. D . tf ~C. :..L~. .tea on the property noted above, dated 3/9/79 ,and which is carried on the books of tlst bank as Loan No. 36341 . - t We hereby agree that Me above described mortgage shall include ell after,aoquired property end shall secure, in addition to tM note or obligation above described, any additional loans or future advances made within the term of this sswmption of mongege loan to said mortgagors or any wccessor in title of said mongsgors of the property hereby conveyed. i SECURITY ANO SETOFF: Loan is secured by a lien on property above described, together with all appliances; and items now or hat- aiter attached to or placed on the propany and nomnally considered accretions thereto. Tht bank is given the right of setoff sgairtst all I deposits, aedits, and otMr property of the borrowers in tM possession or rnntrol of the bank, for indebtedness, though unmttured. ~ LATE PAYMENT AND DEFAULT: Mort~es: Borrowers are wbject to a late charge not to sxeetd 2% of any installment unpaid for 10 days after the date due with a minimum chagt ss may bs reasonably imposed from time to tune. O/he~ second loans: Borrowers are wbjact to s late charge rnmputad at the rate of 5.05 pa 51.00 on each instillment in default-for s period in excess of 10 days. No wch charge to exceed 55.00. The borrows of any loan is required to pay the bank ell costs of collection 1 including a reasonable attorney's foe if referred for collection or foreclosure. PREPAYMENT: Borrowss may at any time prepay in full any unpaid balance without penalty. Provided that the creditor may retsina ~ minimum finance charge of 525.00 in all secured loans other than mongsge loans. _ i In the event of variance between the above details and the loan documents, said documents will prevail. ' ~ We funher acknowledge that vve have made application to said bank, which has been accepted by it, end in coruideration of such aocep- i torte, we hereby sswme end agree to pay the said obligation to the bank and acknowledge that vve hold said property wbject to said lien and that we will make the prescribed monthly payments thereon to the bank, and will perform all other requirements in accordance with the } terms of said note end (check one) O security agreement ~ mortgage a other. 1. f t This agreement applies to, inures to the benefit of and binds all parties hereto and their respective heirs, legatees, devisees personal re- presentatives, successors and assigns. ' E IN WITNESS WHEREOF, we have hereunto set our hands and seals thisl~-Lday of~~ tee-- , 19~Q, and acknowledge that vne have received a completed copy of this assumption agreement on said date. i In presence of: f t ~ 1 - d T~lY't SUMIN PARTY R rt_J. N (SEAL) AST SSUMING PARTI ~ AS LIMING PARTY ~ ~*rti~e J. y R nnie J. tmla 1 As sellers of the above described property we hereby acknowledge and agree that after this sswmption vre shall continue to remain ob- ligated to pay the above described loan according to all its terms and conditions ss existed on the date when we became obligated thereon, regardless off this assumption or any alteration or change in the terms or conditions of said loan required by Bank r this assumption. o Ma1V DEBT DING PARTY 1~~.G..-LPL, ~X~~L /l AS TO SEt_LING PARTIES SYO Il DING PARTY i ~ STATE OF m l'C {.,AEI COUNTY OF ,~',~~i~ur-~!~) 6efor~~iti~•,c yppeered Robert J. Neumann ~ Rotalnie J. Neumann, his wife °'~"'v to me well known and known to mt to be individuals described in and who executed the foregoing i f ~ ~ ~ • ~'.i ~ 'r S j rlq'~artlr.,and acknowledged before mt chat they executed the same for the purpose therein sxprKSed. ~lIIT,r1ES3 my { • pf1'icial seal this ~ of , 19 I ~ Z ~ ~ ,v C~ r, ~ / . I - r ~ • t~~ . ' - , ~ Notary Public ~ ' 1_~ BR J. CADY i~~! ~ r My Commiuion expires: i ~i,htlclrlltu~~~ . : ; ~ QR~ PAGE My Commission Expitei ,fan, Sr 1683 gas sec ws=.v. srr+s•r+e. a~3 ~ , :