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FIRST FEDERAL SAVINGS AND' ~.OAt~ ' ~S~OCIA ~ ION OF FORT PIERCE '
MORTGAc;I: MODIFICA'I'It~N, h1:I,I:AS1: r~~~p
AND ASSUMPTION n(.Itla:rll:N'i' ~I ~a~V
Loan No, 23042102 I~r+mc' = -W_Ll~LIANl~~ DECKER aka -W._ D. Decker ,yy
_ JEAN M. DECKER ~1'
TNIS AGREF.MFNT is ~t: i s 17th ctay of NOVEMBER _ ,
19 80 by and betwr~~n ~h'T RST Fl! I:12A1.~ :~11v I N(~S AND LOAN ASSOC [11'1'ION
OF FORT PIERCE, hereinafter called thc• "Atis~ciation", and
WILLIAM D. DECKER aka W_D ~Gker.-~rtd~Ay..l~_nFCK a~ Ni$_~LF~•
hereinafter called "Owner(s)".
W I 9' N E S S F. 'l' I i
WHEREAS, the Association owns and bolds the original pro-
missory note and mortgage executed on Januarv_5th 19 7~ •
evidencing a principal indc~htednc~ss c•r+ :;.~?d data of $32..(ZOQ.SIQ--,
which mortgage is recorded in tlfficial Record Pook 301 page
17$ of the public records of _-ST. LUCIE_____^ County,
F1
roFl
d.z; and
W1ICRGAS, ,aid mort~la~ir l+rovict~•:: t I~•+t the A~a~ciation may
declare all of the sums secured by sr+ict m~rtda~Io to be immc~cli-
at~ly due and payable if ~-tll or any l~.+rt of thc• property or any
interest therein is sold or transfc~rrc~cl without 1ssociation's
written consent; and
h'HFREAS, title t~ sr+i~'. l+r~l~+•rty i:: hc•incl transferred and
conveyed to the Owner(s) who wishes t~ ot.tain Association's con-
. :sent to said transfer and .+~Ireemr.nt that the credit of the
Owner(s) is satisfactory to the Association and th.-tt tt:e interest
- rate payable on the sums secured by said mortgage shall be at
a rate requested by the Association;
t NOW, THEREFORE, in consideration of thu covenants and
promises contained herd n .~ncl for of hc•r clcuul anc? va lu:~hlc~ con-
` sider.-ctions, it is hereby aclreed that- thc~ .lforesiid documents
~ be modified as follows:
i
1. The undersigned Owner (s) !•~-•rc•hy c~xpressly assume::
and agrees to pay the indebtedness rc'l~rc•scnted by and due on
the aforesaid promissory note and mnrtcl;~~l~• ,end an;~ moth f ica-
tion or correction thereof in accorc?ancr o: i tt: thc~ terms thereof
and as modified herein. It_ is ~,yre~•cl rh~it. the unpaid principal
balance of said indebt~dnr~;s as of _ November 17-th 19
$l2_ ~
~ isTHIRTY ONE THOUSAND FOUR HUNDRED TWO AWD 92/100------------------------ '
31,402.92------, and th.it the interc•~t_ r~~t~• nn ~a'.~j indc~t~trd-
~ ness shall be 13__.__5.0_ leer cent per annum, heel i nn i ny . on
~ _ November 17th 1980__, and that comr.~~•nciny n;+ October 10th
~ 80 the Ownci• (s) shall l'~+y s.i i d l ~r i nc i pa l and i n to res t
in copse-
c-
utive monthly installments of THREE HUNDRED SIXTY NINE AND 59/100
_ 369_.59----------
1 .+nd a 1 i I;i~ :;um on thr
lOth ay o each month thereafter until the entire indebted-
ness evidenced by the aforesaid note and mortgage, as Codified
herein, is fully paid; except that any remaining indebtedness,
if not sooner paid, shall he due and 1~.+}~able on February 10th ,
~ A7AX 2004
2. The undersiyned Owner(s) hereby ayrees that the afore-
said indebtedness stated in Paragrapt: 1 above is due according
g to the terms and conditions of the aforesaid note and mortcla~le
~ and any modification thereof without defense or offset and .
~ furt_her ayrees to be 1 iah t ~ for said i ndrhtrdnc•ss as f u 1 1 }•~.+nd
to the same extent as if the Owner(s) was the original makr_r
thereon. In addition, the owner(s) ayrees to personall}~ per-
' form and to fully abide by all the terms and conditions set
forth in said note and mort<laye and thi , .iclreement.
3. The Association recognizes the Owner(s) as tt:e new
Obligorts) on the subject loan, approves the credit of sa.:,~ ar.d
- X343 p,~i284
17/ rile
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