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FIRST FEDERAI SAVIN~S AND l(~A~l AS~O~IATIG~~ OF FORT PIERCE
MORTGAc;h P1ODIFICA'1'Ic-r~, I2hL1:Ati[•: `51a~14~' 1•
AND AS:iUMPTI()N At;l?1:l:Mf:i~T , . , . /
Loan No . 2303~439 Nam~ `~ +~S
~~ THEOQORE P. GRABIAK
ARLENE_K. GBAEiI_~ ---_----_...
THIS AGRBBM6NT is madc this __~~_ day of J~~(~Y .
19~, by and bet ween I' I RS9' Ff:I~I:RAI. ~~11V i N(;S AND I~OAN 11SSOC [ A'1' 1 ON
OF FORT PIERCE, her~inaftcr callcd th~ "Assc~ciation", an~t
T ~ORE P. GRA ~IAK AND ARLEN~_K. GRABI . HIS WIFE _~ .
hereinafter ca~ed "Owner (s)".
W I T N E S S E T!1 :
WHEREAS, the Association owns a
missory note and mortgage executed on
evidencing a principal indebtednc~ss ~~~
~~hich mortgage is recorded in Official
~-~ . 608 of the publ ic records of __ __St_.
, . ['lorida; and
r ~
nd holds the original pro-
_ Octob~r 16 , ,~g 78 .
sa id d~~te of S 41.200.00 .
Rc~cord liook 296 , page
Lucie~ __ County,
_~ WHEREIIS, said mort<~~~~~r Esr~vi~l~•:: th,it. the 11~;soc;ialic;ii may
:, declare all of the sums s~cur~~ci h; :~~~i~l m~~rtqa~~e to bc~ immecii-
~~ ately due and F,ayable if all or a~-y E~~~rt ~>f the propcrty ~r any
interest therein is sold or transfc•rr~cl wiChout Association's
. written consent; and
t~~HF.REAS, title to tiaic? E,roE,~~r-t J i:; hc~inc~ t_rinsfc~rrcci and
canveyed to the Owner(s) wt~o wisheti t~ ~t~tain Association's con-
sent to said transfer and ,i~tre~~mc~nt ihat the credit of thc
Owner(s) is satisfactory to the nss~ciation and that the interest
rate payable on the sums sccured b~• ~.-~icl m~rtgaye shall be at
a rate requested b}~ the Association;
NOW, THEREI'ORE, in consideratic~n of the covenants and
~ promisc~s contained herc~in.and for ~th~•r y~~~~d .in~l~ v.ilu.~hl~~~c~n-
sider~tions, it is hereby ~~greed that the af~resai~ documents
be modified as follows: ~
1. The undcrsignec3 Owner (s) }~e~r~~b,~ c~xE~rc~ssly assumes
and agrees to pay the indc}itedness r~E>rc~sc~nted by and due on
the aforesaid promissory note and mc~rtq.~y~ and ~iny medi f ic~-
tion or correction therc~of in accorciinc~ with th~ terms thereof ~
and ~s modified herein. It is ~grc~~d rtiit the unE~aicl principal
balance of said ind~ht~dn~,s;s ~is of Janit~r. 25th __s 19 $~,
_._ _
is FORTY THOUSANQ TWO_ HUNDRED_EIGHTY EIGNT AND_27/1_= ---------_-~_-_ _
(540.288.27--------~ and that the interr~t r~it~- nn said indebted-
ness shall be Y3`50 ~~cr cent pcr ~~nnur--, beginninq on -
Januarv 26th * 19 gl_ _, ;in~l th.-~ t c~m~t~~•nc i n~~ on February lOth ,
19 8l , the Owner(~)_ shall ~~.-~y s~~id F~rinci~~al ancl interest
in consecutive monthly installments of F~R~~INQRFn SFVFNTY f~~p 16/100-
______________ ($ ~ ,~ncl ~~ l i kc ~um or~ th~~ '
-------- ~7~_lfz----r--
~ day_of each month therea~ter until the entire inclebted-
ness evideneed by the afore:;aid not~ ~nc3 mortq~~cJe, as rr,odified
herein, is fully paid; exc~pt th~~t ~iny rc~maininq indehtt;dness,
if not sooner paid, shall tje due and ~~.~y~ible on ~cPmhPr 10 h ,
~4X 2QQ~ •
2. The undersigned Owner (s) h~~ret;l ~~grees that the afore-
said indebtedness stated in ParagraE~l: 1 ahove is due accordinq
to the terms and conditi~ns of the at'or~s.~id note and mortgayc
and any modification thc~reoE without cl~~fcnsc~ or offset and
further aqrees t~ 1~~• I i.~h)~ for said in~lc•ht~~dnc•ss as ful l~• and
to the same extent as if the Owner(~) wa~ the original maker
thercon. In addition, th~• Owner(s) ~~~~r~eG to personally ,~cr-
form and to fully abidc by all the tc~rms and conditions set
forth in said note and mortqage and this a~~reement.
~ 3. The Associati~n recoqnizes th~ Owner(s) as thc new
Obligor(s) on the subject loan, appmvcrs the credit of same and
~
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