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Home My WebLink About2679 NOW, THEREFORE, in consideration of the prcmises and the sum otONE DOLI.AR (S 1.00) in hand paid by each of the puties w the wlr~ and in the furthe~ consideration d'the acts to be performod by the paraes each for the beneGt of the other. it is agreed: • ~ ONE: The facts oudined ebove arc true and co~rect to the best knowkdge and belief of the partics. TWO: The principal sum due w~der said mortgage ~wte is 534, 292. 39 , THREE: Simultaneously herewith the Purchaser has executed a promissory note for an additional advance under said mortgage in the airwunt of 528.907.61 , . FOUR - The total amount including additional advance which the Purchaser is obligated to pay is 563, 200.00 , FIVE: The monthly principsl and inte~s~ p~ent due under the mortgage note and mortgage shall be S Z$~,.~~ including interest at the rate d' 96 per annum. efFecdve with the payment due Januarv 1 ~ 1981 ~ SIX: Purchaser shall pay to the Note holder a Iate charge of four percent of any moathly installment not roceived by the Note holder within fifteendays after the instaliment is due. SEVEN: Purchaser maY prepsY the principal amount outstanding in whole or in part. The Mortgagee may requir~e Wat aay putial prepayments (i) be made on the date monthly installments are due and (ii) be in the amount of that put of one or more monthly instaliments which would be appGcable to principal. My partial prepayTnent shall be applied sg,ainst the principal amount outstanding and shall not pcutpone the due date of any subsequent mor~thly installments or change the amount of such instal4ne~ts. unless the Mortgagee shall otherwise agree in writiag. If. within five years fram the dete of this Assumption aad Release Agoeement, Purchaser makes anY prcpayments in any twelve month period beginning with the date o~this Asswnption and Release Agreement or anniversary dates thereof ("loan year") with money lent to Purchaser by a knder other thaa tl~e Mortgagee. Purchaser shall pay the Mortgagee (a) during each of the first three loaa years ~- 37 5 percent of the amount by which the sum of prcpayments made 3 000 ~h ban year exceeds twenty percent oi the principal amount assumed aid (b) during the fourth and fifth loan years percent of the amount by which the sum of prepayments made in aay such loan year exceeds twenty percent of the principal amount assumed. Plus any additional advance. EIGHT: 'Il~e Purchaser hereby assumes and agrces to pay the mortgage nou including the modifiod portions of the mortgage note contained herein, and hereby assumes the IiabiGty for any deficiencies accruing from the sak of the property by the Mortgagee through foreclosure or otherwise. NINE: The Purchaser hereby agrees to. ratifies and confirms all of the conditions contained in the mortgage note and deod, including the modifiod portions contained herein. . T'EN: The Mortgagce, with the consent of the Purchaser evidenced by his signawre hereon. does hereby rclease Mortgagor from personal liability arising from the execution of the mortgage note. ELEVEN: This agreement shall be binding upon the heirs, legal representatives. and assigns of each of the parties heretp. FIRST FEDE SAVINGS & LO . ~ ASSOCIATI OF LAKE WORT '_: ~• ~~, ~ •.~`. ~. ~.31 Q /,ZQ . C~ ~ • By~ Ass j~tant ice Presid t .j ~. - • ` ~ - ~,,;~-~ J ~1 * Attest: ~ ~ _ :;f - As to Mortgagee . Assis t Secretary - -~; '--~s __~~ - ~ MORTG E - ,- ,. ~ (Corporate Seal) ~ ~ - - ,~ ~~ ~~'"/'~~'~ - °-~ ~ J s V. O'Neill ~~ c~; pi ~ 7_ U ~ `~'!.•..,~ ~ Z(~-~~~, ~~s to Purchaser Eve O' Neill ~ r c.J G ~ PURCHASER ~ C~~F FLORIDA ~ OF PALM BEACH ~i, an ~cer suthorized to take acknowledgements. duly qual~fied a~d acting, HEREBY CERTIFY that SOLANGE DEVINE ,~ JANET T. BELCHER re~"~ctively. as Assistant Vice President and Assistant Secretary d FIRST FEDERAL SAVINGS & LOAN ASSOCIAI'1 W ORTH, to me personally knovm to be the said individusls and this day acknowledged before me that they executed the foregoutg ~ ofTicers of said rporation. and that they ~xed therew the dTicial seal of said corporation. `•~ ~ :~ DA i ~ ~ ,1980 . ~ ~ ~~ , i 9 ,` t: `~ Notary Pubiic ~~~ My Commission expires: ~~p' ~~ 19~ JkN I 6 1,li ~~ 52 ~F; ,a { ~ Yo~ 513934 FILEC ~[ FECai~~+f D ` SfiATE OF 5T. LUCIE C04N ~ Y. F; A. - - ROGER POITF~~S - COUNTY OF ~STCHESTER CIE~K CtRCUti CoUit1 4r~~'~r ~• ~ ~ ~~ ~ y~ ~ _ / ~ i I, an officer authorized to take acknowledgements, duly quali6ed and acting, HEREBY CERTIFlf that JAMES V. O'NEILL and EVE O'NEILL, his wife s ' ~ - _~ -z _ to me personally known to be the said i~dividual sand this da cknowledged beforc me that theyexecuted the foregang instrument. DATED ' ~ ' ~ . ~9 $~ - ~ ' uNO~ M. Moinc~R~ NOTARY ~y M NM Va1t Nw Oll ~~M ~ ~ ~. ~ ~ My Commission expires: /9g~ ._....~.~. ~,. ,..:~~. , ~., r ~ Notary Public (SEAL) i e t ^ Ro~.~iK346 PAUE~~~4 n 1~a _.,;~;cr~% ti_ ~ , ~ (SEAL) (SEAL) (SEAL) (SEAL) ='.F' ' , ~oF ~ pi~ent asgep6 '~ti. ,• .~ . - • ~• `• ~_ ~ , .. ~:: ~ . . . ~; ; (SEAL) ~