HomeMy WebLinkAbout0966 ~
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~ Mortgaqe Loan Number 10005426 ~
~ s~609 This instru~ent was prepsred by:
~ Judy B. Kyzer~
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Community Federal Savings $ Loan
Association, Riviera Beach, FL
Post Office Drawer 10673
Riviera Beach, FL 33404-1673
AGREEMENT J~
~1,~
THIS AGREEMENT, made this?Z ~'da of ~ J
Y , 19~. "1
by and between QOMMUNITY FEDBRAL SAVINGS AND LOAN ASSOCIATION OF T~IB
pA~ B~~~, a corporation~organized and existing under the laws
of the United_States of America, hereinafter referred to as
"Mortgagee", and Frank Pagan and Christa Paqan, his wife
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hereinafter referred to as "Purchaser".
W I T N E S S E T H:
WHEREAS, the Mortgagee is the owner and holder of a
promissory note dated September 29 , 1971 , in the original amount
00/100
Of FORTY FOUR THOUSAND EIGHT HUNDRED AND DOLLARS (~44,800.00 ~
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~ which is secured by a mortgage of even date and recorded in Official
~ Record Book 196 , Page 128 , Public Records of St. Lucie
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j County, Florida, which encumbers real estate described as follows.
,
to-wit:
i . ~ STA.T~ r,~~ i = - ~
~t t;'~_UMfNTAR' ~ SI:.tY:_--'~'' ~
` SEE ATTACHED , uE~•; r~F NEVENJf 3
~ = OCT -5'83 ~s~; = T~ ~ ~ l,'. ~ 3 ~
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z WHEREAS, the Purchasers are purchasing said real estate and
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s have agreed to assume said note and mortgage and have made application
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~ to the I~iortgagee to allow the Purchasers to assume the hereinbefore
~ described indebtedness evidenced by said note and mortgage as a part
` of the purchase price.
WHEREAS, part of the consideration for allowing the Purchasers
, to assume said note and mortgage by the~ldortgagee is that the Mortgagee
approve the Purchasers' credit and that the interest rate shall be at
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such rate as the Mortgagee shall request in accordance with Paragraph
~ 10 of said mortgage being assumed and that the Purchasers pay an
assumption fee.
THE ASSUMPTION BALANCE IS $30,828.42.
~~~413 9fi3
R 10A
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