HomeMy WebLinkAbout1453~~~~~~~ / THIS INSTRUMEPIT P~EIAREQ IIY ~
~MURY C. JORDAN, 111 ~ ~
ASSUMPTION AND RELEASE AGREEMENT M.t:EF.. IOHNSAN, lOwpAN. HUTCHESON t YOUNG. P A
I IRST FF.pERAL S~VINGSL IOAN AOMINISTMTIVE CENTER
(With Modificaaon - iee~lY~ A,L~:.:......1 A,~..,,.,..~~ i601 IOTH AVFNUE. N.
5~~~~]~ 4AKF WORTII FLOppA llMl
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TNIS AGREEMENT, Made and entered into this ~ ~~ , 1981 ,
~~~,~~ BRUCE N. GIGUERE and VINA GIGUERE, his w fe,
hereinafle~ rcfemed co u the Purchuer, and FIRST FEDERAL SAVINGS dt LOAN ASSOCIATION OF IAKE WORTH, a corporatioo
cxganizal and existing under the laws of the United States of Arr.erica. ar-d hercinafter rcferrod to as the Mortgagee; 6 0
WI'TNESSETH: ~09~
WHEREAS, being indebtod to the Mortgagee for S 46, 400.00
~ October 24 ,~g 80 , CREATIVE HOMES BY MATHIAS, INC., a Florida Corporation; ,
MICHAEL D. MATHIAS, Individually; STACEY E. IyATHIAS, Individually; ELBERT R. BROWN, Individually,
hercinafter roferred to u Mortgagor. executod a mortgage note in said amount to the Mortgaga, thereby agreeing fo pay the Mortgagee aaid amount
in monthly installments of S 549.69 each. including interest; and
WHEREAS. on the same date, and as security for said note. the Mortgagor executod a mortgage deed to MoRgagee. it being rxorded in the
ofiice of the Cleri~ of the Circuit Court in and for ST. LUCIE ~W~y~ ~~~ p~
October 31 19 80 .~~ Official Record g~ 341 p~ 2863 _
and encwnbering property located in ST. LUCIE County, to-wit
Lot 25, Block 430, PORT ST. LUCIE, SECTION THREE, accordinq to the Plat
thereof as recorded in Plat Book i2, Page 13A, of the Public Records of
St. Lucie County, Florida.
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WHEREAS. Mortgagor has sold and conveyod said property to the Purchaser ud rcquested the Mortgagee to rclease Mortgagor from personal
liability rcsulting from the execution of the mortgage rate: and the Purchaser. u a part of the purchase price. hu agreed w assume and w pay the
mortgage note and agroes to all the conditions contained in the mortgage.
~ W HEREAS, the Mortgagee has agreed to albw the assumption and payment of the note and mortgage by the Purchaser and to the simultaneou: ; I
rclease of the Mortgsgor. provided the intercst rate. tbe monthly principal and intercst payments, tl~e pr+epsyment penalty and the late charge of the
mortgaae note and the mortgage are modified.
- `~349 F~~1453 L ~F199742 ;
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