HomeMy WebLinkAbout2639' C O R R B C T I V 8 ~15~~~ THK IM3TUUMF.NT f~E~AUED ~Y N~
EMORY C. IQRDAN. 111
ASSUMPTION AND RELEASE AGREEMENT Mcf,EE. IOHNSON. IOROAN_ t1UTCNESOH ~ Y«,~.. ~
FIRST FEDEML SAYINdS 4 IOAM ADMIHISTRArnE CENTf~
(With MadiHcation - ~~ U1KE~WORTH FYIARlDAl3M1 7~
THIS AGREEMENT. Made ~nd eucered inco this 18th day of December 1981 _
betwan ~"~%LVIN T. FOLBREC~. JR and LUCY A F'OLBRECHT,, s vifp -
herci~afte~ roferrad to aa the Purch~ser, ~nd F1RST FEDERAL SAVINGS dE LOAN ASSOCIAT[ON OF LAKE WORTH, a corporatian
organized and existing under the laws of the Uaited Sutes af America. ud hereinafter refemed to as the Mo~tgajee; ~p 0;
WiTNESSETH: ~
WHEREAS, being indebted to the Matgagee for S 34.400. 00
~ March 26 , ~9 80
,
w. C. COI~ANY, a Florida Corporation: GENS C. DRt~llrl, Individuallv.
hercinafter refemed w as Mortg~or. executed a mortaage note u- said amount w the Mort$agee. thereby aareeing to p~y the Mort~gee said amouM
in monthly instsllments of S 395. 06 each. includina iatere~ and
WHEREAS, on the same date. and as security for said note. the Mort6agor executed a mortaa~e deed to Martga~ee, it beina recorded in t6e
~cx af the Ckrk of the Circuit Court in and for ST. ~_$ County, Florida. au
Apri 1 1 ~ g 80 ~ u~ O f f~c ia 1 Record Book ~2~ ~ Page 169~ ,
end eacumberiaE P~~~Y located ia ST. LUCIS Camty, to-wit
~t 24, Block 77, INDIAN RIVER ESTATES, UNIT NINE (9), a subdivision in St. Lucie County,
Florida, accordinq to the Plat thereof recorded in Plat Book 10, at Page 74, of the Public
Records of St. Lucie County, Florida.
THIS IS A CORRECTIVE ASSUl~TION AND RELEASE AGREEI~NT (f~lith Modification), executed and
delivered to correct tlie amount of ~the Pri.ncipal 3ian which Purchaser is obligated to pay
(Item 11ro and Item Four) in that certain Asstaaption and Release Aqreement (With Modifica-
tion) fran the Purchasers herein to the Mortgagee herein, recorded December 24, 1980~ in
Official Record Book 345, Page 1741, Public Records of St. Lucie County, Florida. -
i
. - ~ ~ tr1 U. i , t-:
WHEREAS. Mort6ag~ has sold and conveyed said proptrty to the Purchaser and roquested the Mortgagee to reka~ Mortgsdor frorn persooa!
liability raulting fram the execution of the mortgag,e note: and tl~e Purchaser, ~ a part d ihe purchaae price. hu asr~eed to assuure and to pay tbe
mort~ge twte and agr+ees w all !he conditions contained in the mortaa~e-
~ W HEREAS. tbe Mortgag~ee has agreed to albw the aasumption and payment of the note and mnrtgag~e by the Purchaser and w the simultuuout
rclease of the Matasg~or, Provided the intercst rate, the monthly principal and intercst WY~p~• ~ W'~P~Y~~t P~na1tY and the late char~e dthe .~
rnortgaae nae and the morta,~ge ar~e modified.
~ FM ~~~o BO(lKJ4~ P~L'E~.V-~~ L A175098 ~
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