HomeMy WebLinkAbout0868 - ~ ~ ~i
•~FiRST FEDERAL SAS, .NGS AND LOaN ,ASS k~`ION QF FORT PIERCE /ll
MORTGAGE MOVIFIC~ATION, EASE
AND ASSUMPTION AGREEMENT ~Q~~'
Name : Harold S. Lehrman `"'--ll 8
Loan No. 23057159
Adele T. Lehrman
' THIS AGREEMENT is made this 27th day of June ,
1'9 80, by and between FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION
OF FORT PIERCE, hereinaf ter called the "Association", and-
h n T h n his wife
hereinafter ca led Owner (s
W I T N E S SETH
WHEREAS,-~the Association owns and holds the original pro-
missory note and mortgage executed on Ju 19 79 .
evidencing a principal indebtedness on sal ate of S 38.900.00 .
which- mortgage is recorded in Official Record Book 312 page
-2888 of the public records of St. Lucie County,
F on a; and
WHEREAS, said mortgage provides that the Association may
declare all of .the sums secured by said mortgage to be immedi-
ately due and payable if all or any part of-the property or any
interest therein is sold or transferred without Association's
written consent;--and
WHEREAS, title to said property is being transferred and
conveyed to the Owner(s) who wishes to obtain Association's con-
sent to said t7rensfer,.and ac~;~e~ient that the credit of the
Owner (s) is satisfactory t~,,t:?ie Association and that the interest -
rate payable on the sums=secured by said mortgage shall be at
a rate requested by the Association;
• NOW, THEREFORE, in consideration of the covenants and ~
promises contained herein and for other good and valuable con-
siderations, it is hereby agreed that_the aforesaid documents
be modified as follows :
r 1. The undersigned Owner(s) hereby expressly assumes
and agrees to pay the indebtedness represented by and due on
~ the aforesaid promissory note and mortgage and any modifica-
tion or correction thereof in accordance with the terms thereof
and as modified herein. It is agreed that the unpaid principal
balance of said indebtedness as of June 27 ~ 19 ~
Thtr y Eiyht Thousand Seven Hundred Sevent Four and 74 100-----------
(S 38.774.74-------a and that the interest rate on said indebted-
i Hess sha 1 be 12,0 per cent -per. annum, beginning on
- 1g and that commencing on July 10
19.80 the Owner s) shall pay said principal and interest
~ i in consecut V1
a monthly installments of Femur Hundred One and 66/100----
(S 401.66---- and a like sum on the
i 10th aY o each month thereafter until the entire indebted-
; Hess evidenced by the aforesaid note and mortgage, as modified
herein, is fully paid; except that any remaining indebtedness,.
if no_ t, sooner paid, shall be due and payable on AuQUSt 10 ,
f ~ 2008 ~
~ -
2. The undersigned Owner(s) hereby agrees that the afore-
said•indebtedness stated in Paragraph 1 above is due according
t to the terms and conditions of the aforesaid note and mortgage
and any modification thereof without defense or offset and
• further agrees to be liable for said indebtedness as fully and
- to the same extent as if the Owner(s) way the original maker
thereon. In addition, the Owner(s) agrees to personally per-
for~ and to fully abide by all the terms and conditions set ~ -
forth in said note and mortgage and this agreement.
3. The Association recognizes the Owner(s) as the•new
Obligor(s) on the subject loan, approves the credit of same and ~
• e0~i 334 867
~ ,
- ~ «
-