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` 4y~p.~ Due On CIeN »C•• ante in PeYmern Of Taxp
~7~ PurWaift Tp CAN T ~iDte Pe,sa~nal Prp~y
. 1~4„ Age Of 1o7i. •
ASSUMPTION AGREEMENT Clete Crp~
~ THIS AGREEMENT made this 4th day of March, 1980_,
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~ by and between AVON MANOR PARK,-INC., a Florida corporation,
hereinafter called Lender, and EUGENE C. DICKSON and ANITA
MARIE DICKSON, his wife, hereinafter called Sellers, and
SHIRLEY BEMENDERFER, hereinafter called Buyer;
WITNESSETH:
WHEREAS, the Lender is now the owner and holder of
certain Articles of Agreement executed and delivered by the
~ Sellers to the Lender,. said Articles being dated January 14,
-1979, in the original principal sum of $15,000.00, which
Articles are recorded in O. R. Book ,3.8~~ , Page ~G 7 ,
Public Records of St. Lucie County, Florida, encumbering
the property described therein, and-which Articles were
modified by that certain Modification Agreement dated the
/4~ day of March, 1980, and recorded in O. R. Book f~-~,
- Page / 87~ , Public Records of St. Lucie County, Florida; and
o i ~ WHEREAS, the Seller is selling the real property described
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in said Articles to the Buyer and has asked the Lender to consent
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1 to said sale, and the Buyer has agreed to assume said Articles
,
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t{ as modified, and has asked the Lender to consent to the Buyer' s
assumption of said Articles, as modified, as part of the
purchase price; and
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WHEREAS, part of the consideration for consent to said
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Z ~ sale and the Buyer's assumption of said Articles, as modified,
is that the interest payable on said Articles be increased
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to 12 1/2 per cent per annum;
NOW, THEREFORE, in consideration of the mutual covenants
contained in this agreement and in said Articles of Agreement,
as modified, and for other .good and valuable considerations,
the receipt of which are hereby acknowledged by the Lender,
it is mutually agreed by and between the parties hereto as
follows:
1. That the unpaid balance of the Articles of~Agreement
335 PEE 872