HomeMy WebLinkAbout1371 MORTGAGE MODIFICATIO!~!. RELEASE -
AND AtSUMPTION l1GREEMENT 5~2~
L~:c:n ':o. ~3~~.:,,c?2 _ t:- .:,c _ GI1.BE~ .C.- BA~~~riy~i 1aRt - t
JUDY fAY hF c;•r:.sr.;, ~
- - - ei~1(~~ ~,r~, ~1'' Zli;it tR-!~ vr~,tY i
THIS ?+Gr}-.~fcNT is r~.~~3e i-his _ 3th day of UCf^ER
? 9 $0 , by .:nd l:.-t. t.c>n FI F.ST I-"r.'~ERAL SAVI'~?C:S A':O l.C'+N f,SSUL' 11~'f I U\
Ur rC?kT PIF.kCE,, h~-reinni ter cal]ed t_he "Association", and ~,t•``~
C~'~R~_RT C. ~nRREI7 AhD JttOY FAl' E;-..F;Rtli, H1S ?l1FE Y
t~' 1 T T E S S E T H
i•:~~?EAS,~ :-he k~.socaation c~nc and holes tt?e oric~ir:al r~:~o-
i _~'~':r}' nf]~A ::it!~ tC: F}: ~i:L't['~ Cln ~;:'1;;a1 ~ ~h n~C -
i !7 ~ _ S C I'1 1 ~ _ ,
.::']~~'it~:~i?[s Z ~f3;!.:i~ al 'ilC).--~):.-r; ~c ~ Si: f] C)I ~~l%.~~•_l;J.I~O~--'
++iiL~ i+.:ii icjo 7 5 i. t t:lll f:('f] In llL T ] L3 al ~C~COI'~ i~00}: 301. ~
28Q5 of the pub] is records of ST. LUC1E County,
Florida; and
;;=~r~?:S, ti:.;o mo.tc ,e r~-o~~ir.~s ,hat t.:e :association ;-.a~•
c~•.~aze all c~.` t':~ s~;=;a s[•c~_~cd bl• said ;r,artcaoc to be i'':.::edi-
ately cue and r.a}'able if a]1 or any part of the property or any
interest therein is sold or transferred M*ithovt ~:ssociatio_ n's
- - ~w: itten consent; and
T ••~-f ~ ~;:~k~_AS, title to saio .rope~ty is beia-,g trans;crrcd ana
~
-~con~-eyeo to the GN•ner(s) who wishes to obtain Association's cor.-
` sent to said transfer and agreement. that the. credit of the
O~;ner (s) is satisfactory to the Association and that the interest
rate payable on the sung secuz~d by said mortcage shall be at
~;.j' _ a rate reouested by the Association; r
f. ~
1JOk, Ti:LFt.£FOR£, in consideration of the covenants and
' ~ ` promises contained herein and for other good and valuable con-
e f ~ sicerations, it is hereby agreed that- the aforesaid documents
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I be modified as folloks:
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1. The urcF <<igr:C d O~~nez (s) },creD}' ey:pressly assun~s -
i and agrees to pay the inn_cbtcdness reoresented by and due on
' the aforesaid promissory note and mortgage and any modifica-
tion or correction thereof in accordance M•ith the terms thereof
j and as n~ocified herein. It is agreed that the unpaid principal
halzz]ce of said incebtec3ness as of dctober 9th lg 80
! is ~:FtitiY fi::fi1E THO•'SriiD FIB': ~U.iDkED SIXl-1
fi1't A1~Ti 92/100-- - ~
29~Sb5.92 _ ) and that t?ie interest rate on said indebted-
Hess shall be 13.0 _ per cent per annum, beginning on
Octo:]er 9th _ 19g~ and that co:.~encing on October 10th
E g_ ~2_ the O~.-nerZs) shall pay said principal and interest
~ ~i corsecu
lve ,:,onthl it:stallr~ents of R E HU';DRED 7N1RTY f0',fP ti'~D
y _
i
~3 I ?3_-_- - - - - - - -
/ -----------(S X34.53-----------) and a like sum on the
1(lth cay of Each :..onth thereaf ter until the entire indebte3-
Hess evidenced by the aforesaid note and n,ortcage, as modified _
herein, is fully paid; except that any re:.:.aining indebtedness,
if not- so~-,er f.aid, shall be due and payable on February -10th _
_ 2. ?tae u.,3e: signed O~.-ner (s) hereby agrees that the afore-
said indebtedness stated in Paragraph 1 above is due according
~ to the terms and conditions of the aforesaid note ana mortgage
I and any r.~dification thereof without de:ense or offset and
t further agrees to be liable for said indebtedness as fully and
. to the sar..e a-xtent as if the a'..-ner (s) ~:as the original raker
t}sereon. In addition, the O-.:nez (s) agrees to personally per-
- - form ana t-o fully abide by all the terms and conditions set
forth in said note and c~ortgage ana, this agreement.
3. :t.e Association rccoynizes the C*~~er(s) as the neti•
0:?ligor(s) on t:~e subject loan, approves the credit of sar:ie and.
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