HomeMy WebLinkAbout0138~ S~ 2483 ~ '
F{RST FEDERAL SAVINGS AND ~~LOAN ASSUCIAT{ON OF FORT .PIERCE ~
MORTGAGE MODIFICATION, RELEASE ~~~
AND ASSUMPTION AGREEMENT
Loan No. 23042086 Name: FERDINAND M. DOCElCA4 ,
e
MARJORI f~~j~ocEKaL
THIS AGREEMENT is made this 22q~ day of ,~ECEt~BE~ .~
19 80 , by and between FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION
OF FORT P~ERCE, hereinafter called the "Association", and
~~~'ERDINAND M. DOCEKAL AND MARJORIE E. DOCEKAL;, his wi~e •
hereinafter called "Owner(s)'".
W I T N E S S~E T N :
- WHEP.EAS, the Association owns and holds the original pro-
missory note and mortgage executed on November 24th . 19 78 ~.
evidencing a principal indebtedness on said date of S~g,500.00 .
which.mortgage is recorded in Official Record Book 298 , page
~43 of the public records of . ST. LUCIE County,
Florida; and
WHEREAS, said mortgage provides that the Association may
declare all of the sums secured by said mortgage to be immedi-
ately due and p~yable if all or any part of the property or any
interest therein is sold or transferred without Association's
written consent; and
WHEREAS, title to said property is being trarisferred and
conveyed to the Owner(s) who wishes to obtain Association's con-
sent to said transfer and agreement that the c~edit of the
Owner(s) is satisfactory to the Association and that the interest
rate payable on the sums secured by said mortgage shall be at
a rate requested by the Association;
_ NOW, THEREFORE, in consideration of the covenants and
promises contained herein and for other good and valuable con-
siderations, it is hereby agreed that the_aforesaid documents
be modified as follows:
1, The undersigned Owner(s) hereby expressly assumes ~
and agrees to pay the.indebtedness represented by and due on
the aforesaid promissory note and mortgage and any modifica-
tion or correction thereaf in accordance with the terms thereof
and as modified herein. It is agreed that the unpaid principal
balance ,of said indebtedness as of DECEMBER 22nd , 19 80 ,
is TWENTY TNOUSAND AND NO/100-t---------=-=--------------------------------
($ 20.000.00--------~ and that the interest rate on said indebted-~
ness shall be 13.50 per cent per annum, beginning on
~ecember 22nd ,_ 19 80 , and that commencing on January lOth ,
,19 ~~ , the OwnerCs) shall pay said principal and interest
in consecutive monthly installments of TWO HUnDRED THIRTY ONE AND
02/100=---------------- ~$ 231.02--------- ) and a like sum on ~he ~
1Qth aay o~ each month thereafter until the entire indebted-
ness evidenced by the aforesaid no~e and mortgage, as modified
herein, is fully paid; except that any remaining indebtedness,
if not sooner paid, shall be due and payable on ~ebruarX lOth ,
~ax zoos .
~ ~
2. The undersigned Owner(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 and mortgage
and any modif ication thereof without defense or ofi~ set and
further agrees to be liable for said indebtedness as fully and
to the same extent as if• the Owner(s) was the original maker
thereon. In addition, the Owner(s) agrees to personally per-
form and to fully abide by all the terms and conditions set -
forth in said note and mortgage and this agreement.
3. The Association recognizes the Owner(s) as the new
4bligor(s) on the subject loan, approves the credit of same and
a . 1 •k'; %~ i.r ' - ,yt . . . 1
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