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Home My WebLink About2640~~~ f My Commission expires~ ~ ~.. _ ~.. ,~ .~.'.-~~.,~~;.,;~ 4-~- : ~ _u .~~: _ . NOW. THEREFORE. in conaidenua~ of the prcmius and the sum aiONE DOLLAR (S 1.00) in hand paid by each of thc partics to the otlr~ and ia the futther conaideration of the scts to be pe~formed by the panies each for the benefit of the aher, it is sgreed: ONE: ' The facts ouUined above are we and cortect to the beat Icnowkdge and belief of the parties. TWO: 'Il~e principal sum due under said mongage note is S 34 , 391. 94 , - TNREE: Simultaneously he~ewith the Purcheser has executed a promissory note for an additional advance unde~ said mortgage in the amount o[ S N/A . FOUR: The total amoun~ i~wh~ix~a~iee~ks~v~ee which the Purchaser is obligatod to pay is S 34. 391. 94 FIVE: 'I~e monthly principal and intercatpaym ent due w~de~ the mortgage note and moRgage shall be S 428. 95 including intercst at the rate of 14. 750 % per annum. eRecdve with the payment due January 1 ; 19 ~, SIX: Purchaser shall pay w the Note holder a lau chuge of ~nr percent of any monthly installment not roceived by the Note holder within ~ifLeen days aRer~the installment is due. SEVEN: Purchaser may prepay the principal amount wtstanding in whole or in part. The Mortgagee may require that any putial P~WYR-eMs (i) be made on the date moathly instaUme~ts are due and (ii) be in the arnount of that part of one or mor~e monthly installments which. would be appGcable to principal. MY partial prepayme~t shall be applied ag~inst the principal artwunt outstarding snd shall nd postpone the due date of any subsequent monthly installments or change the amount af such installments, unlesa the Mortgagee shall otheiwise agee in writing. If. within five years from the date of this Aasumption and Release Agreement, Purchaser malces anY prcpayments in any twelve month period beginning with the date of this Asaumption and Release Agreement or anniversary dates thercof ("loan year') with money lent to PurcNaser by a knder other thaa the Mortgagee. Purchaser shall pay the Mortgagee (a) during each of the iust three loan years ~• 3 ~ 5 percxnt of the amount by wttich the sum ot prepayments made in any such ban year excoeds twenty percent of the principal amount aaswned and (b) during the fourth and fiRh losn years 3. 000 percent of the amount by which the sum of prepaymeats made ia any such ban year excceds twenty percent of the principal amount assumod, Plus any additional adva~xx. EIGHT: The Purchaser hereby assumes and agrces to pay the mortgage note including the modit'rod portions of the mortgsge aoce c~ntained herein. and bereby assumes the IiabiGty for any deficiencies accruing from the sale of the property by the Mortg,sgee through foreclosurc or otherwise. . . N[NE: The Purchaser hereby agrees to, raWies and contirms all oithe conditions contained in the mortgage note ~nd ~_ ~oclsdingt6e modJed pations corttained herein. ~~~..'~; i :. ,? ~z~; ~ _l, TEN: The Mortgagee. with the oonsent of the Purchaser evidenced by his signature hercon, does hereby ., ' ~ f~O personalliabiGty arising from the execu6on of the mortgage nota ,~ ~-r' '`~;- `~-~ ~:~~__• -J'- =.~i~~_ . r.l~A~... ~ ELEVEN: This agreement shall be binding upon the heirs, legal rcpraentadves. and assigns of each of the ~~ .:,^ ~~ ;;:. ,i.. ~; ,.~:~ = FIRST FE RAL SAVINGS 8t LOAN ~'~ ~. ~ f ASSOCI ON OF LAKE W ":~r t , x~%._ ' ~: . , 7 • BY . ~ ' . i t Vice Pre nt / /~ - ,J/ . Attest: ~ As to Mortgagce ~~ ~ ~rc~Y - MORTG G ~ , ~ - ~ (Corporate Seal) ~ ~~ ~- ~ ~ s C//~%"'v (SEAI.) ~ / ~,// ~ Me T. Fo~recrit, , ~ (SEAt.) ~ , /~ ~~ C~ u • ~~ (SEAL) As to Purchaser 1~0! ~ ~~ `~ ~ ~ ` Lucy ~Folbrecht FlttC aNC t~ ~.~:;~:.~ (SEAI..) ST_~UC-E CG~:y,''•~! " PURCHASER Ko~tiR F_ c~ ~ F n. STATE OF FLORIDA LL~~'K ~~~~-`~~ . S1.S / Ji~ COUNTY OF PALM BEACH y: rt:7: ~'; `•""~ I, an officer suthorized to talce aclcnowledgements, duly quali6ed and acting, HEREBY CERTIFY that = "t SOLANGE DEVINE ~ JANET T. BE . respectieely, as Assistant Vice President and Assistant Secrctary of FIRST FEDERAL SAVINGS & LOAN•A5 =~ OF I.AKE W ORTH, to me personally knoam to be the said individuals and this day acknowledged before me that they executed tr~~e6t ps such ~cers of said corpora 'on. and that they ~xed thereto the official seal of said corporatiun. `~' 4 `~ _ S7. .i t~ -• : DATED ~ / ~ . 19~. : i s' 1- ~`' :'1 : ~-: ~ ~~~.~r~~ = ° ° . Natary P~.F;ic. ~r~te ~f F?^.i-1a at I_srgt -• ~,- f , Notary Public , . ~ . - Ttp C.... .. " .. .. ..-_ . .'~. r.: . . 1'~i3 n • My Commission expires: eon3,.:~h:, . . :~ ~ : ..... .. ..... n.•:,t Ciark.lnc. ~i :~ ' (SEAL) N-~o -83 STATE OF FLORIDA ~ COUNTY OF ST. LUCIE I, an oflicer authorized to take ackrawledgements, duly qualified and acting, HEREBY CERTIFY that .~~~ , ,{, s,3~ ~ MELVIN T. FOLBRECHT, JR. and LUCY A. FOLBRECHT, his wife to me ~,~~~ •~ wu _, }, said s ~.~; ~t~,~ individuals and this day acknowledged before me that theyexecuted the forcgoing instnunent. '~ r ~ "~`~'~ "~~. - +qr. .ti .~' ~'~ ~ . 1t , DATED . 19~. ~ t p~n • ~ y .'`,'' t ~ ~: ~: _ ~ , • - ~` . ~ ' N Public ,- '• , ' ' ., ~ ._ _ . , - ' (SEAI,) ~ ~~ 1932~~",,,.,.... Bn~K~4~ PaGF2V•~•' My CoT~;;=~.~, ~ _, . - - -~ - . ~ !o-~y 8~- ~ ; , . 3M ~ . w~~~ . .