HomeMy WebLinkAbout0979 /
: ~4
553113
AGREEMENT
DUE ON SALE OR TRANSFER MORTGAGE CLAUSE.
This Agreement, entered into by and between EDDIE M.
JONES, JR., and E. WAYNE ROG~RS, first parties, and ROBERT E.
BRANSCOMB and ALZCE L. BRANSCO~lB, his wife, second parties, far
and in consideration of One T)ollar ($1.00) and other valuable
consideration, the parties agree as follows:
WHEREAS, first parties are presently acquiring real prop-
erty, described in Exhibit A, attached hereto and made a part
hereof, subject to a mortgage to the second parties, and
WHEREAS, said mortaage is agreed by the parties upon any
resale, transfer, alienation of the first parties, shall be
accelerated and become totally due and payable.
NOW THEREFORE, first parties shall acquire title to subject
lands from KERRY ALLEN~BREACH and KAREN ANN BREACH, subject to
the BRAN5COMB mortgage, dated t4arch 1, 1976, which mortgage is
i assumed, which mortgage is recorded in O.R. Book 251, pages 104~-1046
''i of the public records of St. Lucie County, which mortgage by
;
i his agreement shall, upon any subsequent transfer, resale,
r
~
~~j~~~m~{b,$~]~~J~~p~4 by first parties, become fully
E
E
€ due and pa~able both principal and accrued interest, if any.
That other than the foregoing terms of ~he BRAr1SCOMB
mortaage shall remain in full force and effect without loss of
~ ~
~ priority. Said mortgage on date hereof is current and not in de-
fault.
~ ZN [VITNESS WHEREOF, we have hereunto set our hands and
~ seals, this 2~ day of July ~ i931.
T
Signed, Sealed, and Delivered
f in the presence of: - ~
4 ~t-= ~ ~ '~t`~.~ h t < < -I .
~
~ ' ED ~ M ONES, 3 .
~ r• ~ ~l ~l_ r ~'l~~ • ~ ~ ~
E /
As td First arties E. ~VAYNE GERS
;
~ -
~ " ~ ~~t
f~ ~ - f = ,~%Ll~l1~'-{°~-/~
~ ROBERT E. BRANSCOMB
` ,.,c Tr 1 ~ ~ n 1~ -t~ i - - /C ~i ~1~ tl ' .
_
As o Second Parties ALIC~ L. BRANSCOtffi
. ~
; aoflK P~~
~,,.3.~ . _ .r _ _ _ _ .