HomeMy WebLinkAbout1287 FIRST FEDERAL SAVINGS AN~:;t~ANs ~:S~i4CIA~ ioN OF FORT PIERCE ~ _
MORTGAc,I: D1ODIFICA'('Ic~~~, It1:G1:AS1: rsU~7S9
ANn ASSUMPTIt~N_At;RI•a'Mi;N'!'~_ ~7 ~ •
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Loan No. 23065863__ Namc•: RQ~EgL~AtlSF1E~.S1r.KF~,$ N~
DOROTHY PEARL SICKELS
HIS AGREEMENT i made this ~7~j_ _ d~+y of NnV~gE.[~_~
19~Q, b and between FIItS`l' }'I:DERAI. tiAViN(~S AND LOAN ASSOC[A'I'ION
OF FORT P lifer, hereinafter called t.ho "Association", and
ROBERT MANSFIEI.0 s1~.1
~.~tIl~pllplliY__pEARlrSS1.CK~LS.,_HIS_1,txJ=E.-
here~
a
f ter: •~a l led "Owner (s) " .
W I .T N E S S E T li
h'HEREAS, the Association owns and holds the original pro-
missory note and mortgage executed on Q ;
evidencing a principal indebtedness can sal ate a ~,~n0 M .
which mortgage i s recorded i n Of f i c i a 1 Itc~cord Book 324 page
1341 of the public records of _ ST. `UCIE._ County,
F1
roFl
ida; and
WIIEREAS, raid nx~rtcta~Ic~ 1?r~wi~i+~:: il~.it the A~:sociaticn? m,.ry
declare all of the sums secured by i cl mr~rtcladc~ to be imn;ed i -
ately due and payable i 1 all or any l~.u-t cif the property or any
interest therein is sold or transferrrcl without Association's
written consent; and
WHEREAS, title tc~ slit! l~rol~rrt}~ i:: hr•ind transf~rrcd and
conveyed to the Owner(s) whu wishcti t~ r~}~tain Association's con-
sent to said transfer and ~?.Ireemcnt th.+t the credit of the
Owner(s) is satisfactory t~ the Association and that the interest
• rate payable on the sums secured b}• said mortyade shall be at
a rate requested by the Association;
NOW, THEREFORE, in considerati~;rf cif the covenants and
premises contained herein and for othrr clcxul and valuahl~ c~n-
i siderations, it is hereby agreed that thc• aforesaid docurnents
be modified as follows:
1. The undersigned Owner (s) h~~rc•b}' r'xprrssly assumes
~ and agrees to pay the indebtedness represented by and due nn
I the aforesaid promissory note and rnar-ty~tyc~ and any moth f ica-
tion or correction thereof in accordance wit} the terms thereof
and as modified herein. It is agrcrd that the unpaid principal
~ balance of said indebtedness .-ts of _ November 17th 1980 ,
is THIRTY TWO THOUSAND TWO 4L'NDP.ED TWENTY EIGHT I1hD 7~10U
~ 32 228.78-------) and that the interest rate on said indebted-
g Hess
shall be 13.50 l~~r cent I~ei- annum, beginning on
i _November 17th ~ 1980__, r+nd that. cr:mr~c~ncin~l on December 10th ,
1980 the Owner(s) shall 1~~-~}, said principal and interest
in consecutive monthly installments of_THREE HUNDRED SEVENTY AND 94/100--
• (S 370.94----------) and a~ l
i1
i kc sum or+ t hr ~ -
10th ~~each month thereai-t
-until the entire indebted-
ness evidenced by the aforesaid note and mortgage, as rr;odified
herein, is fully paid; exccl~t that any remaining indebtedness,
if not sooner paid, shall be due and payable on February 10th ,
~ 2009
2. The undersigned Owner(s) hcre},y agrees that the afor.e-
~ said indebtedness stated in Paragraph 1 above is due according
to the terms and conditions of the aforesaid Hate and mort~aclc
and any modification thereof. without defense or offset and
further agrees to hc• 1 iahl~ for said i ndrhtc~dnc•s~. as ful 1y .+nd
to the same extent as if the Owner(s) was the original maker
thereon. In addition, thc• Uwner(s) ayrcc~s to personally per-
[ form and to fully abide by all the terms and conditions pct
forth in said note and mortgage and t}1i s agrc~emr~nt .
3. The Association recognizes the Owner(s) as the new
Obligor (s) on the subjoct loan, apprnvrs the credit of and
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