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THIS INSTRUwENT ?RErARED aY ~ ~
EMORY C. JORDAN, tll
ASSUMPTION AND RELEASE AGREEMENT ~ McGEE. JOHNSON. JORDAN. HUTCHESON a YouNO. RA
• FIRST FEDERAL SAYWOS t LOAN AOMINtSTRATIYE CENTER
(With Modification - iincludir?~ Additional Advance) 2601 10TH AVENUE. N.
- LAKE WORTH. FLORIDA )7661
THIS AGREEMENT. Made and entered into this ~ 5 , l9 80 ,
between RALPH W. BROWN and JERE!!Y C. BROIiNj his wife. _
hereinafter referred to a: the Purchaser, gad FIRST FEDERAL SAVINGS d< LOAN ASSOCIATION OF LAKE WORTH, a corporation
organized and existing under the laws d the United States d America, and hereinaft4r referred w a: the Mortgagee;
WITNESSETH:
WHEREAS, being indebted to the Matgagpe for Z 37,500.04 ,
on July 15 , 194_,
ROBERT D. SPURGEON and PHYLLIS O SPIJR~ON_, his wffe,
hcreinaRer referred w as Mortgagor. executed a mortgage note in acid amount to the Mortgagee, thereby agreeing w pay the Mortgagee said amount
in monthly instalbnents d S 401.56 eacb, including interest and -
WHEREAS, on the acme date, and a: secwity for said note, the Mortgagor executed a mortgage deed to Mortgagee, it being recorded in the
oiRce d the Clerk d the Grcuit Court in and for ST. LUCIS County, Fbrida, co
July 25 ~ ,-19~Q-, in Official Record Book 335 , p~ 1556 ,
and encumbering prnpecty located in ST. LUCIE County. to-wit:
A condaainium parcel designated as tfiit 609 of SAND DOLLAR
VILLAS CONDOlIINItAr! D, according to the Declaration thereof , _ .
recorded June 4, 1980, in Official Record Book 332, Paqe
1436, and Amendment thereto recorded June 4, 1980, in Official
Record Book 332, Page 1501, all in St. Lucie County, Florida,
Public Records.
: ~ ° t# PArYEMT Of iAXft
DqE 1111 CLAti 'C' pIT J1LE PERSONAL P"0?E!i?Y,
PORSWINT TO CMAPTEIt 71-t_ti, QCiS Df 1871.
Rt16ER Pt1lTRAt
a.anc tucotr earn, sT, l~ oa. ~~'~1• .
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WHEREAS, Mortgalgor has sold and conveyed said property to the Purchaser and re~lested the Mortgagee to release Mortgagor from personal
Lability resulting from the execution d the mortgsge note; and the Purchaser, as a part d the purchase price, has agreed to assume and to pay the
mortgage note and agrees to all the conditions contained in the mortgage.,
WHEREAS. the Mortgagee has agreed to albw the assumption and payment dthe note and mortgage by the Purchaser and to the aimultaneow
release d the Mortgagor, govided the interest rate. the monthly principal and inurest payments. the prepayment penalty and the late charge d the
~ mortgage note and the mortgage arc modified. ,
P~~O~ L X186715
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