HomeMy WebLinkAbout1744NOW. THEREFORE. i~ coasideation of the premius and the sum otONE DOLI.AR (S 1.00) ia !wd paid by each of the parties w tbcwlrt
and ia the furthe~ ooosidention of tbe acu to be perfom~ed by the partiea each for the benefit of the other. it is a~eed:
ONE: The fscls ouUiaed above aro true and comect w the best knowledge and belief of the parties.
'I1iV0: The principsl sum due under said mortgsge ~w~e is s 34, 400. 00
THREE: Siraultaneoutly herowith the Purchaaer has executed a pmrtassory note fot an additiond advanoe uade~ said nwrt~e ia tlte
amount d' S N/A
FOUR The total amount which the Purchaser ia obGgated to p~y ia S 34 * 400. 00 , '
FIVE: '1?~e monthly principal and iaterest payment due under the mortgage note and mortgage shall be 5428. 95
including intereat at the ate of 14 ~ 950 96 per annum, eRxtive with the payment due Januarv 1 , l9 81 ', .
SIX: Purchaser shallp~y to the Note I~older a tate chuge of~93i~ percent of aay montWy installmeat not received by tbe Note
~~r ~~ fifteen ~ys ~r the insWlment is due.
SEYEN: Purchaser maY P~'~P~X the principal amount outstaoding in whole or in part. 'Ilx Mortgagee anay require that aay putial
P~'~WY~pts (i) be made on tbe date moaWy 1nsWlmeats an due aad (ii) be in tbe amouat of ttiat part oione or mooe moathly
inatallmeata w6ic6 would be applicabk w priacipal. AnY P~~ P~'gWY~eat shall be aPPU~ +~5+~ ~ P~~ anaunt
outstanding aad shall not poatpone the due date of any subseque~t monthly insWUneats or c6ange the uraunt d such
insWlaneats, uakas the Mortgaaee slWl otherwise sgree ia writu~g. If: wiWin five years from the date of thia Auumptioa and
Rekase Aareemeat, Puccdaser makes aaY P~'WY~nts in any twelve month period beginniag wiW the datG of this Auucaptioa
and Release Agreeraent a annivensary dates thereof (••ban yeu") with money kat w Purc~by a knder other than the
Mortga8~ee. Purcl~aser ahaU pay the Mortgagee (a) during each of the first thra loan years ~. 3 ptroent of We amount
by which tbe sum of prepaymeats made ia any such ban year eaceeda twenty per~ceat of the principal amount asaumed and
(b) duria8 the fourth and fiRh loan years ~ a00 P~rcent of the amount by whic6 the sum of prepayaAeats msde ia aay sucb
loan year exceeds tweaty percent of the principal amount assumed. Plua aay additional advanoe.
EIGH'f: The Purchaser hercby assumes ud sgrees W pay the matgage note incFtding the modified poAions of the mata,sge aote
cantained herein, and I~ereby assumes the liability for any deficiencies accruing from the sak of tbe Proper~Y bY ~ M~8~8a
thrai bsure or otderwise.
NINE: The P~u+chaser agrees w, ratifies and oo~tirms all of the ca~ditions oontained in the mortgage note and deed, including tbe
modif ed poRia~s coa herein.
TEN: Tt~e Mortgagce, with the oonsent of the Pwctiaser evidenced by his signature hercon, does hereby nleaae ~ fiom
perso~alliabiGty arisiag from the exccu6on of the mortgage note. '~ `
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ELEVEN: This a~eement shall be binding upon the 6eirs, legal rcpresentadves, ard assigns of each of the pu0ier ,.
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F1RST FEDERAL SAVINGS dt LOAN .-~Q~i'~ .
ASSOCIA O O WOR ~-~ ~~t b
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~ J BY Ass' t Vice side~t ~:~ " ~,
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Mottg,agee Assistant Secre ~ `
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MORTGAGEE _ - , ~
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A (SEAL)
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51161'7 n o brec . r• (SEAL)
!~-0~1~-~4--AM ~ 25 °`~~ Q csE,~~.~
As w Purchsser Lucy A. Irolbrecht
FILEQ RNL' fECOR0E0 (SEAL)
ST.LUCIE COI~t~tY.Ft A.
ROGER Pu1TRAS PURCHASER
CtERK CtRCU1T CMJRT/~
STATE OF FLORIDA ' T
CO[JIV'I'Y OF St . I.i1Ci.e k: r..,•, ., t : ,: :: ~ ~ ~_ - --
~ R• ~~ W. Gar Boler
I, an ofl'xxr authorizod to take acknowledgements, duly qualifiod and acting, HE $CeEJ~ 1 deS y
and ,
respectively, as Assistant Vice President and Assistant Secretary of FIRST FEDERAL SAVINGS dt LOAN ASSOCIATION OF LAKE
W ORTH, to me personally known to be the said individuals and this day acknowlodged before me that they executod the foregoing inctrument as such
~c:ers of said oorporation, and that they ~xed thereto the oflicial seal of said corporation.
DATED ~~r 18 19 80 . -
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_ ~ ! _," :t : ::.4 A;. LARGE
My Commissios~ expires: ;: i C~ ' ~~ E~.~_, CET .?2 1~81
G::L.u ;..r..~ ;,_ ~.?.:l i1.; , i.:wtilWRIiEUS
STATE OF
COUNTY OF
FLORIDA
St. Lucie
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Notary Pub~ , '` - ~
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I, an ~cer authoriud to take acknowiedgemenu, duly qualified and acting. HEREBY CERTIFY that
I~IELVIN T. FOLBRECHT, JR. and LUCY A. FOLBRECHT* his Wife };~, ;
individualS and this day acknowledg,ed before me that~Y executed the foregoing instnunent.
DATED 1.~ ~ ~ . 19 80 .
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/'Y CG ', . ;:,;;;Cr : r. , ; ; . ?7 i4Ed
My Commission expires~80;::,:;, I:.-.:1 i:,~ ,,,. .l I::S , u:..,:. :~z: +i~;
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, to me personally kno~ae~b~1~ aaid .?~ i
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Notary ic
aa~345 P~Ei742
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