HomeMy WebLinkAbout0344 Thi3 Instrument wtt pnptred Ot?
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_ ~ ~ Comnrunitr Feder~l4„nos t loan
- • ^1-i ; - ~ ~ 1lssociet~en of the Yehn 8e~ches
.t ~ ~ ~ , rY, i ~ l 1. - -•..la ~ 1 RivMfi Beth. F101i0i
c:~ 1 ~ - ~ : ; ; , - - _ J. j 1~ ~ 2600 Br+oac~way
- } ~ Riviera Beach, FL 33404
AGREEMENT
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2?59202 ? ~
THIS AGREEMENT, made this= ay of August . 19~,Q. !
by and between COD~MUNITY FEDERAL SAVINGS AT~D LOAN ASSOCIATION OF
RIVIERA BEACH; a corporation organized and existing under the laws
of the tlnited States of America, hereinafter referred to as
"Mortgagee" , and Nortn-ut Spector & Daum M. Sector, his wife ,
hereinafter referred to as "Purchaser".
W I T N E S S E T H: ~ -
WHEREAS, the Mortgagee is the owner and holder of a
promissory note dated Jae ~ , 1979 , in the original amount
o f F~'Y'"1WU THOi~ID EIGHT HI~IDRID NO/100 DOLLARS 42,800..00 )
which is secured by a mortgage of even date and recorded in Official
Record Book 312 Page 136 Public Records of St. Lucie
County;•Florida, which encumbers real estate described as follows; ~
to-wit:
Lot 12, Block 409, PORT ST. I~ICIE SDC'lZQO according to the
Plat thereof recorded in Plat Book 12, Pages 13A through 131, of ~
tl~e Public Records of St. Lucie County, Florida. -
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* Now ]atom as Ootntnatity Federal Savings and Loan Association of the Palm . Beadzes
- WHEREAS, the Purchasers are purchasing said real estate and ~ ~
have agreed to assume said note and mortgage and have made application
to the Mortgagee to allow the Purchasers to asswne the hereinbefore
described indebtedness evidenced by said note and mortgage as apart
of the purchase price. _
w WHEREAS, part of the consideration for allowing the Purchasers
to assume said note and mortgage by the Mortgagee is that the Mortgagee
a rove the Purchasers' credit and that the interest rate shall be at
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such rate as the Mortgagee shall request in accordance with Paragraph
10 of~said mortgage being assumed and that the Purchasers pay an
assumption fee.
The balance of the loan being assumed is 42,425.25 ~
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X338 PEE 343
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