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RVN/hq 8/19/80
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NOW, THBREFORB, fn consideration of the premises and the
mutual covenants hereinafter stated, and the sum of $10.00
and other valuable consideration paid to the Sun Bank, receipt
of which is hereby acknowledged, the parties hereto agree as '
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follows: !
1. Walker represents and warrants that by virtue of those
certain warranty deeds dated July 24, 1980, August 1, 1980, and
July 23, 1980, and recorded on August 12, 1980, in O.R. Book
336, at pages 1592, 1594 and 1596, respectively, of the public
records of St. Lucie County, Florida, he is the owner of the
lands. described in Schedule "B" and that there are no liens or
encumbrances against saidllands other than the above described {
mortgage held by the Sun Bank and real estate taxes accruing
subsequent to December 31, 1979.
2. Neill represents and warrants that by virtue of that
certain warranty deed dated July 24, 1980, and recorded on
August 12, 1980, in O.R. Book 336, at page 1590, of the pub-
lic records of St. Lucie County, Florida, he is the owner of
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the lands described in Schedule "A" and that there are no
liens or encumbrances against said lands other than the above
j described mortgage held by the Sun Bank and real estate taxes
~ accruing subsequent to December 31, 1979.
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~ 3. The current principal balance of the indebtedness
owed by Walker and Neill to Sun Bank and evidenced by the above
described promissory note is in the amount of $206,937.76 and
accrued interest on said indebtedness has been paid through
May 27, 1980.
4. That portion of the above described indebtedness
attributable to Walker shall be in the amount of $103,468.88 ~
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and accrued interest on such sum at the rate of 13$ per annum;
and that portion of the indebtedness attributable to Neill
shall be in the amount of $103,468.88 and accrued interest on
such sum at the rate of 13~ ger annum.
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