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FIRST FEDERAL SAV~rIGS ANA"~OA1~ ~~OCIA'~ ~JN OF FORT PIERCE 7~'
' MORTGAC,f: MODIFICA'I'IO~, RI:I.T:ASIa
~ AND ASSUMPTION AGRI:F.btl:NT
Loan No. 23073875 Namr : •_DA~.ID R. DUNwOnI)iF ~
_CLOTILDA_D. NIA j„E
THIS AGREEMENT i s made this _ 3F~ _ day of NOV~]gEg_ _ _
19 80 , by and between F I ItST l•'I:DERAI.• SAV INc;S ANU LOAN ASSOC [A'1'ION
OF EQRT,>~j~~CE, hereinafter called t.h~ "Association", and
DAVID R, DUNWOODIE AND
' hereina ter cal ed Owner (s ' . .L~~-D•`_~l~'!Yi(?~IE'' HIS WIFE _
W I T N E S S E T !1 :
WHEREAS, the Association owns and holds the original pro-
missory node and mortgage executed on Jul~_ 11th 8
evidencing a principal indobtodness o„ ~:at date of 48 000.00 .
which mortgage is recorded in Official itccord Book 33~
page
2426 of the public records of ST. LU_CIE_ County,
Flori a; and ~ •
J
L7 ~
WHEREAS, :;aid mortya~~c• l~rcwiclc•:: t_h,,t--- Lh~ Association may
declare a l~l of the sums socured by s:, i c! n,c~r f cl~~~l~+ to bo i mmocl i -
ately due and payabic if all or any p.trl ~f the property or any
~ interest therein is sold or transferred without Association's •
~.fi.l written consent, and
! WHEREAS, title to c:,id property is hoing transferred and
conveyed to the'Owner(s) who wishes to ~htain Association's con-
' sent to said transfer and agreement that the credit of the
Owner(s) is satisfactory to the Association and that the interest
rate payable on the sums secured by-said mortgage shall be at
z a rate requested by the Association;
NOW, THEREFORC, in consideration of the covenants anti
i ~ promi sos conta i nod • hcr~ i n and for or h~•r c!(u~cl .Ind t?.i 1 u.~hl o c~~n-
siderations, it is hereby agreed that thc~ aforesaid document
be modified as follows:
1. The undersiync'd Owner (s) hereby cxprossly assumes
and agrees to pay the indebtedness rcpr~sented by and due on
'i the aforesaid promissory note and morty.~ge and any modifica-
tion or correction thereof in accorclanc~ with the terms thereof
~ and as modified herein. It is agreed t-.hat the unNaid principal
balance of- said indebtedness as of __yQyF~~ Ord 198(L ~
~ is FORTY SE!!EN TFIOUSRMD NINE~~;~'a~ S€Y€NI~L~Ottfi_f~ii~ iijltL_-_---------_-
-47 and that the interost rF,tc- on said indetited-
- ness sha _ Xzer cent per annum, beginning on
November 3rd 19 0 .,nd thr,t commc~nci n-y on _ November 10, ,
,j9 gp ~ the Owner(s) -shall pay 5~,id l~rincil~al and interest
in consecutive monthly installments of ~ 4/100---
559.44---------) .Intl a like sum on t e
____1Dth ay o each month thcrea~~ter until the entire indebted-
ness evidenced by the aforesaid note and mortgage, as modified
herein, is fully paid; except that any remaining indebtedness,
i f not sooner paid, shall be due and payable on September 10th ,
XQx 2005
2. The undersigned Owner(s) hereby agrees that the afore-
y said indebtedness stated in Paragraph 1 above. is due according
to the terms and conditions of the aforesaid note and mortgage
and any modification thereof without defense or offset and
further agrees to bc+ liahlo for said indebtedness as fully and
€ ' to the same extent as if the Owner(s) was the original maker
thereon. In addition, the Uwner(s) ayrc~es tQ personally per-
° form and to fully abide by all the terms and conditions set.
forth in said note and mortgage and this agreement.
3. The Association reco nizes tiu~ Owner(s) as the new
r g
Obligor(s) on the subject loan, approvr.s the credit of same anti
i
d001I~~ ta6E~~
12/10/79 ~