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Home My WebLink About0831~ FfRST FEDERAL SAYINGS AND L~AN ASSOCIATION QF FORT PIERCE ~' TN1S IS A BALLOON MORTGAGE AND ~~~,K,r~~cE Mo~lr ~c~~r1c~N, }zf~r.r:n~E S~~U3 THE F1NAL PAYMENT OR THE BAL- ~hp ~SSU~i~TInr I~t;j~F.F.t~tF.NT Loan No. 23067547 _.___~ ANCE DUE UPON MATURITY 1S ~ - - -- - ~ - - -- - ,~ 515,166.98 TOGETNER WITN N~,mc• Jack Larwin ACCR!3ED I NTEREST 1 F ANY AND ALL ' - - ~ - - - - - - - - y ,~ ADVANCEMENTS MADE BY ?HE t40RTGRGEE Joan Larwin ~ UNDER THE TERMS OF TN1S MORTGIIGE - -- --- - --- THIS AGREEhlENT is rr,~-~de this _ 2$th day of. Januar~t_____ _, 19 gi , by and between F1 RST t'F.DF.RAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE, hereinafter callcd the "Association", and _ ___ JACK LARWIN AND JOAN LARWIN,' HIS WIFE__ _ _ _ _ ___ _ _ ___, ____. hcreinafter called "Ownc-r is)". k' I T h E S S E T H: WHEREAS, the Association owns and holds the origir.al prc- missory note and rnortgage eaecuted on __,~~~~ar.~_ -34th..___~~~ ~ evidencinq a principal ind.~htednc~ss on said c~ate of $ 25 000,00 . ~hich mortgage is recordc~d in nffici«1 Rc~cord IIook 324 , page 2777 of the publ ic recards of _ St. Lucie_ _ County, Florida; and ~~ ~ WHEREAS, said mortgac}c~ f~rovicies that ~hc~ 1lssociation may declare all of the sums secured b~f 5aid mortgage to be in~nedi- ately due and payable if all or any ~~art of the property or any intezest therein is sold or transferred without Association's written consent; and WHEREAS, titlc tu s~~id 4~rof~ert}' is being transferrc~d and conveyed to the Owner(s) who kishes to ohtain Asscciation's con- sent to said transf~r and aqrec~ment that the credit of the Owner(s) is satisfactory te the Association and that the interest rate pa}~able on the surns secured bv said mortc3age shall be at a rate requested by the I':~saci~3rian; • NUW, THEREFORE, ir. consideration of the covenants and - promises contained herein and for othc~r good and valuable con- siderations, it is hercb}~ agreed that the aforesaid documents be modified as.follows: ~ 1. The unciersiyned bwner (s~ }1~I-E_•b}~ c~xpressl~• assumes ~ and ayrees to pay the indet~tedness re~~resented by and due on the aforesaid promissory note and mortyaqe-and any modifica- tion or correction thereof in accordar.ce with the terms thereof and as modified herein. It is ugreed that the unpaid principal balance of said indebtedness as of January_ 28th_ ___1 .19 81 ~ is 7WENTY THREE THOUSAND SIX HUNDRED SIXT~- SEYEN AND 52%100------------- (523,667.52------- ) and that the interest ratc on said indebted- ness shall be ~3,5p per' cent per annum, beginning on January 28th ~ 19~__, and that commencing on FebruarY lOth , 19 81 , the O»~ner(s) shall pay said principal ana interest in consecutive monthly installments of T~~_HUNURED NINETY NINE AND ~'.4J100- -----------------------($ 399.84----------~ ,-~nd a 1 i ke sum on the lOth day of each^month thereafter until the entire in~ebted= ness evidenced by the aforesaid note and mortgage, as ~:odified herein, is fully paid; ercept that any remainir.a indebtedness, i f not sooner pa id , sha 11 be c~ue a nd pa~~abl e on J ~rch 1Q~h , 19 85 . - 2. The undersigned c~ner(s) her.eby aarees that the afore- said indebtedness stated in Paraoraph 1 above is due according to the terms and conditions of the aforesaid note and ~nortgage and any modification thereof without defense or offset and further agrees to be li.-~hle for said indebtedness as fully and to the sar~e extent as if the 0~-ner (s) Nas the original :~aker thereon. In addition, the ~wner(s) aurees to personall}~ per- forrr+ and to full~• abide by all the terms and conditio~s se~ forth in said note and r+ort~~age and this agreement. ~ 3. The Association rc~cognizes the Owner(s) as the new Obligor(s) on the su~~~f~loan, appro~Tes the credit of s3~e and Rece~ved S __~71~L - -- ~n Paymen Due On Class "'C" in: ~9~b~e Perfotwl P~oOMt~~ ~ Pursuent To Chapter 71. 134~ AW 0~~~~,~( ROGER h~ L ~ ~ Clak CkcuK Court. QL LuCI~ C0.. ~ Y~y~ ~ ~:$_ ~ _.. ~.. _ . . _ _ 8~348 P~~~ 831 - ~ ~~~.