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Home My WebLink About1454NOW. THEREFORE, i~ consideration of the premises and the sum of ONE DOLLAR (S 1.00) in har~d paid by each of the parties to the othrr and in the further consideration of the acts to be perfornned by the parti~s eacli for the ber-efit of the other, it is agreed: ONE: The facts ouQined above arc we and correct to the best knowiedge and belief of the parties. T1M0: / The principal sum due under said mortgage note is S 4~411~1.IIQ__ __ __. ~ TNREE: Simultaneously he wi~h the Purchaser has executed a promissory note for an addido~al advance under said mortgage in the amount of S N~A FOUR ~/ The total amoun ' which the Purchaser is obligated to pay is S 1~(y,4QQ..IIQ . FIVE: ci The monthly principal and interost paym ent due under the mortgage note and mortgage shall be S 612. 37 including interest at the rate of 15. 500 q~ ~r annum, efTective with the payment due ~g11La , 19 81 ~ ~ SIX: Purchaser shall pay to the Note holder a late charge of _~45~~ __ percent of any monthly installment not rcceived by ~he Not,e holder within f ifteen days afler the installment is due. SEVEN: Purchaser may prepay the principai amount outstar~ding in whole or in part. The Mortgagee may require that any psrlial prepayments (i) be made on the date monthly installments are due and (ii) be in the amount of that part of one or nwr~e monthly installments whici~ would be applicable to principal. My panial prepayment shall be applied against the priacipal amount outstanding and shaU not postpone the due date of any subsequent monthly installments or change the amount of such installments. unless the Mcxtgagee shall otherwise agree in writing. If, within Gve years from the data ot this Assumption and Release Agrcement, Purchaser makes any prepayments in any twelve month period beginning with the date of this Assumptio~ and Release Agreement or anniversary dates thereof ("loan year') with money lent to Purchaser by a Iender other than the Mortgagee. Purchaser shall pay the Mortgagee (a) during each of the first three loan years 7. 7 50 percent of the amount by which the sum of prcpayments made in any such loan year exceeds twenty percent d' the principal amount assumed and (b) during the fouM and fifth loan years 3. 000 percent of the amount by which the sum of prepayments made in any such loan year exceeds twenty percent of the principal amount assumed, plus any additional advance. EIGHT: The Purchaser hereby assumes and agrees to pay the mortgage note including the modified portions of the mortgage note contained herein, and hereby assumes the liability for any de6ciencies accruing from the sale of the propeRy by the Mortgagee through foreclosure or othenvise. NINE: The Purchaser hereby agrees to, ratilies and confirms all of the conditions contained in the mortgage note and deed. including the modified portions contained herein. TEN: The Mortgagee, with the consent of thc Purchaser evidenced by his signature hereon, dces hereby release Mortgagor from personal lia5ility arising from the execution of the mortgage note_ ___, ELEVEN_ This agreement shall be binding upon the heirs, legal representatives, a~ assigns of each of the parties Itereeo. FiRST FED~RAL SAVINGS 8c LQ ,=?~~ ~~- '~ _ ASSOCIA'~ION OF LAKE WOR'f~ " _' ~ Y- r / 1 ~ - - - --- ~ B _._., . - ~ • ~* ~~ . ~} • ~_- ~ ~' /l ~---~ ,j1L~ ~- y Assist t Vice Presid t~ .. '. ~ '. ' , . - -t- _ ~~/~~ ~ ~ r ~'~~C~~,~ ~~ ~~ --- - - Attest: . , ~ ~' .. . As to Mortgagee ~ tant Secretary ~ , '~ ' - ; MORT GEE ~ ~ ' .'1.~y~,;~~ ~~ ~ ~ (Corporate Seal) 4 r ~ ~~ ~ . ,~,,r~ ,~.,,ti '/ / (SEAL) ~ _ _______ Bruce . Giguere - - - - - --- - ---- - (SEAL) - ---- -~r-F~ _?7__ ~,' ~7: ~ ( /~i ~~~~ ~'`~~..- - (SEAL) ~- ` - - - -- "As to Purchaser ~+t ! [^~~.° -• . Vina Giquere ' ~ _ ~18~y'7 5~ -.~_ ~: ~~ _ ~ - - --- - - - - ---- --------- ~ ~ Rcr-~ a i~ri- '~ „ SEAL `' ~~-~~'. r, • ~ `- •%~ PURCHASER ~ ' ~ .. - = ATE OF FLORIDA ~ ~UNTY OF PALM F3EACH . . ~ J I, an officer authorized to take acknowledgements, duly qualified and acting, HEREBY CERTIFY that . ~,~ SOLANG~ DEVINE __~d ___ JANET T. BELCI~R -- ----- ---- - - --- --- - . respectively, as Assistant Vice President and Assistant Secretary of F1RST FEDERAL SAVINGS & LOAN ASSOCIATiON QF LAKE WORTH, to me personally known to be the said individuals and this day acknowledged before me that ihey executed the fom,g~oing instrua~nt as snch officers of said corporation, that they ~xed thereto the ~cial seal of said corporation. ' i~ ,'~.: •._. DATED o2 - ~~ _, ~981 _ .~~a ~ :' U `~ ~! ~ C ~ S!_• - - - ~- - - -~ ~ _ - _ : ____ ~ -t,~ Notary Pubtic ~~A~ , ~-r . ~. ~,:• r ~ . - .. ~ ~ ~~ . `:`. ' f : . (Ny Commission expires: ` ~ ' `.~~~.:~~`. - . ;C_. r-. ~~SEAL) :ai ~. L~.:l~; : . . •~ ._' • Ii~;OJ'_.:l ,._... , Z ... _ FLORIDA Is~~' ~ STATE OF ___ _ _ __ , COUNTY OF ~~~~ • ~~_ ------ 1, an oflicer authariced ro take BRUCE N. GZG duly qualified and acting, HEREBY CERTIFY that ____ _ ~GUERE, his wife ~ ~ •''~~T ." ~ ~~~t'~4 ~ individuais and th' day ac wk~ f~me thei•~~ecuted '`),~- ~ J .~~ ~ r~ • 1-- :A ~ DATED ~"`- - b . '~ : ~.`•'~i :p• ,f ('l~ ~/ ~•~•. - s,7:,~ . `t - . ~'~, ~ f~~.~+';:~ •' ' 1~ . .,,; ~ ~. ~ ~~,~K349 : My Commission ~p~sfQ TITC- ~' rUARANTl' _JMP ~ ~~ .x _ ~~'wY~;-:s.c ..N.. r .:.. , -- . . -_. . _- . ------ --_ ---- _- _----- _• to me personally known to be the said the foregoing instrument. L~~/~]I`~ '~~o~ - ------ Nota Publi~ ' :c :•:y t !;t • ' - ~~. . Sa.e cf F~r:da I Pa~Ei~54 ~AY t'% ~:i;s~•:a i~p;res Ma~cA 23. 1q8S (SEAL) / ~.rl.. 1F.r. t.., It, • w.M1t+. b6 ~ ~ ! /~/' ~/~ . . ` `.. ' . ~ - ~ 1 ~ , ~ . .. . .,. .. _ r...~,z~^~'~.