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ASSUMPTION AND RELEASE AGREEMENT McGEE. JONNSON. J(MpAN. MVTCHESON t YOUNG. ~A.
ciasr F~o~u~ s~v~Nas ~ wnn ~wia+~snumre cEnr~
~W1~1 MOdl~CiGOQ ' Ii01 IOTH AVENUE N.
UKe watr~+. Fwua- ~~~ 1.
THIS AGREEMENT. Made aad eatared iaa this 18th day Of DeO~el" ~ 19 eo ~
betwcea t~ELVIN T. FOLSRECHT. JR. and I.[IC1f 1-. FOLBR~CHT, his trife =
hereinaitet refen+ed to as the Purchaaer, ~ad FIRST FEDERAL SAVINGS It LOAN ASSOCiATiON OF I.AKE WORTH. a corporatioa
o~,aniud and existins wde~ the laws of the United SWes of America. and hereinafter referrod w as the Mortgsgee; 'p0
wrnvESSer~:
WHEREAS, beias indebted w the Mart~,a~ee for S 3.4.4~~_ 00
~ Mazch 26 19 80 ~
w. C. (.`O!lPANY, a Florida Cor~orationt GSI~i C. DRtI!!I~l, Individuallv,
her~einafkr referred to aa Mortaagor. executed a mo~tgs~e aote ia said amount to We Mo~taa~ee, therebY +~'~~6 a WY the Mort~g,ee said arnount
in montWy iasWlmenu of S 395. 06 each, includina intere~ aod
WHEREAS, on the same d~te, and aa aecurity for said note. the Mortaa~ e:ecuted a mortgage deed w Mortg,a~ee, it bein~ recro~+ded 'w tbe
ofl-~oe d the aerk ar tl~e Circuic Co~,t ia ana ror sr. r.UCIE Cau,ty, Floria,, a,
April 1 ~g 80 ~ Official Record g~ 328 p~ 1695 ,
and encumb~eriag pcoperty located ia S'~`- I~tx'tR Couaty, to-wit
Lot 24, Block 77, INDIAN RIVSR BSTATES, UNIT I~IINE (9), a subdivision in St.
Florida, accordinq to the Plat thereof recorded in Plat Book 10, at Paqe 74,
Records of St. Lucie County, Florida.
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Lucie County,
of the Public
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WHEREAS. Mortp~or has:old and oonveyed said q~operty to the Purchaier and requated tbe Mortgabee to r~eka:e Mortaa,or from pe~saW
liabi4ty raultins fram t}~e eaecutan d the mortaa~e note: ard the Purrha:er, as a put of the purchaae price, haa agr+eed to aaswae and to pay the
morta,ye no~te and agrces to all the ca~ditioas oontained ia the morta,a~e.
~ ~ WHEREAS. the Mortaa~ee haa asreed to allow the aswmption and payment of the oote and mortas~e by the Purchaser and w the simultancous !
rclwe af the Mortas~. Pro~'ided N~e inttc~at ate. tlie montWY P~~P~ and int~ercst paymena. the P~P~Y~~ P~~Y and the late char~e af tbe f
morts,a~e oo~e aad the morta,s~e aro modified. Ox ~
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