HomeMy WebLinkAbout1950NOW. THEREFORE. io conaideration of the prcmisea and the sum of ON E DOLL.AR ( S 1.00) i~ hand paid by each of the parties to the othrr
and ia the fu~ther oonaidention of the acta w be performed by the parties each for the benefit of the other. it is a~reed:
ONE: The facts oudined above are we and correct w the beal knowkdge and belief of the puties.
TWO: / The principal sum due wder said mo~t~a~e note is S~s3$l~Q$ .
THREE: Simulurwwualy herowilh the Purchaser has executed a pronuuory rwte for an addidonal advance under uid moMg,ag~e in the
art~ount af s N/A ,
FOUR / The toW amount h~ which the E'urchaser is obligattd to pay is t 42'381.08 . ,
FIVE: i/ The monthly principal ud interest payment due w~der the mo~tgage note and mortgage ahall be S 5.~ . 9~
~ including ~aterest at the rate of ~5- 5O0 96 per annum. efTecdve with the payment due Februarv 1 ~g~-~
SIX: Purchaser shall pay to the Note holder a late charge of fo~ -- percent of any monthly insWiment aot raxived by the Note ~
holder within ~A daya after the installment is due.
SEVEN: Pur~chaser may prepay tl~e principal amount outstanding in vvhole or in part. The Matgagee may require ~that aay putial
p~'~PaYments (i) be made on the date monthly instaliments an due and (ii) be in tbe amount of that part of one or morc montlily
installme~ta which vrould be applicable to principal. MY P~~ PrcWY~ent shall be applied againat We priacipal amount
outatanding and shall not postpone tLe due date of any subsequeat monthly insWlmeats or change the anauat of auch
installments, unlesa the Matgagee shap otherwise agree in writing. If, within five yeua fran the d~te ai this Assumption aad
Rekase Agreemeat, Purchaser makes aaY P~WY~nts in any twelve mo~th period beginning with the date of this Assumption
and Release Agreement or anniversery daus thered' ("ban year") with money lent to Purcl~aser by a knder other than the
Mortg,aga, Purchaser shall pay the Mortgagee (a) during each of the first thme loan years _Z._TSD percent of tbe amount
by which tbe sum ot prepayments msde in any such ban year eaceeds twenty percent of the qu~cipal amouat assumed and
(b) during the fourth and fifth loan years 3. 0~ peroent of the amount by which the sum of prepaymeats made in any auch
loan year exceeds twe~ty percent of the principal amount asswned, plus any addidona) advanoe.
EIGHT: 'I~e Purchaser her~by assumes and agr+ees to pay the mortgage note including the moditied pations of the mortgage aote
oontained hercin. and hereby assumes the IiabiGty for any deficiencies accruing from the sak of the propecty by the Moctgsgee
through for+oclosure or othenvise.
NINE: The Parchaser hercby agrees to. ratities and oontirms all of the conditions containod in the mortgage note and deod, including tbe
modified portions cot~tained herein.
TEN: 71~e Mortgagee. with the consent of the Purchaser evidenced by his signatur+e hereon. does hercby ~+elease Mortg,sgor from
persona] liability arising from the execution of the mortgage note. ' ~
• i:
ELEVEN: 'Il~is agrr,ement shall be binding upon the heirs, legal representatives, and assigns of each af t~~artjqi'~jereto.
FIRST F ERAL SAVINGS ~~fA~I!I i~~,'
ASSOCI ON OF LAKE ~' ''' f~
_ ` ~ B ~~'~ .,it~ r~~
~»L~C./WJ ~ (/\ ~ y t8I11 VICC SldtDl y~ 3_~~ . ~~ , t
• , M . ~ ~ - J , ` ~•
i / / / ' ~'' Attest: ~ ' t - ~. ', ~
As to Mortgagee Q° tant Secretary '
~ MORT GEE
~ ~ (Corporate Seal
~ h ~
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/ ~` ~ `' V ' I < c~ IX~ ~~ ~ ~l ~~~ (SEAL)
1 ~~.~ aJ ~(~ti-t- J f
~ o Robert A. Jacobson J' (SEAL)
-~. _
~ ~~~~s~~~~' • ` , j _ ' (SEAL)
As co Purchaxr ~ Ro~a S. Jacobson ~
~
- (SEAL)
~ ~ PURCHASER
STATE OF FLORIDA
COUNTY OF PALM BEACH
I, an offioer authorize~ to talce ackrawledgements, duly qualifiod and acting. HEREBY CERTTFY that
SOLANGE DEVINE and ,IANET T. BEi.Ci~i?R ~
respectively, as Assistant Vice President and Assistant Secretary of FIRST FEDERAL SAVINGS dt LOAN ASSOCIATION OF LAKE
W ORTH, w me personally knovm to be the said individuals and this day acknowledge~ before me that they executed the forc Wmeat as such
~cers of sai tion. and that they ~xed thereto the official seal of said corporation. ~~~ `'` ,7-r
DATE , 19 81 . _ ~ti~
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1/1 , J -~ ~'` ~
D~ ',~ .' ~ ti,. 5~
otary Public - - ~ J • r
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t~~sy C«nmission exPircs: . ~ - , ~ ~ I9$I .JAE~ 3O ~'i !2~ 46 ~' ~ %- ~ ~SEAI.)
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:rn .:n:n. ~.~c:,:-c
STATE OF F~RIDA _ FILEO RHC F'. CCi•.:tU .~,4; `.
' / S ROGER PC TRASA~
COUNTY OF ~% CIERI( CtRC~~i C4URI S15314
Rf 4CF.r ~~~ c :f - ' . --- _
I, an oflicer authorized to take acknowledgements, duly qualified and acting, HEREBY CERTIFY that •
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:• ~~~~'dACOBSON and ROBERTA S. JACOBSON„ his wife , to me personally luawn to be the said
'' - r' ~ ' acknowled before me that the
,~, y god Yexecutod the forcgang instnunen~
: ~ • , 19 81 . ~ ~'} -
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My ~am~issian expires~ -~ ~~"'~~. id• , ~ . . .- . • . ~
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