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Home My WebLink About0919 ~ . i i . r ~ . H~fl~.~fl F~~~~~~ s~a . N ti~~OCO~TlaN ~ ~ - - . , . ~ _ _ _ _ _ _ .;.~1~ ~~~~,1 g _ ; ~ MORTC~AGE ~MODIFICATION, RFI.~A~E . . - - - ~ . AND ASSUMPTI4N AGREEt~~NT ~'~j;~~ . ~ . 9 s ~ ? ~ Loan No. 23055757 ~NdmC: PRESTON P, B~Rt~ETT ~ i ~ - ~ ~ ELVERA D. BURNETT ~ ~ • y . g ? s ~ ~ . _ . - , . ~ THIS AGREEM~NT is made this 16th da~y ~f ~ AUGUST , 19~2 , by ~ ar~d between N;4RSOR FEDERAL SAYING~ A~lD ~AN ASSOC~~~~'o~rTy Fi rst F~ederal ~ _ Savings ~nd Loan Rssociation of Fort Pierce), hereinafter call~d the "Associa- ' ~ tion; and Rq D BllB~lE7'r~ Ht~ wr~F y . hereinafter ca e t e ~ er s. ~ . . WITME~SETFi : , ~tiiEREAS, fi~he Association owns and holds the original pramis~ory not~ and ~ mortgage.executed on JU ~ , 19~, evidencing a prir~cipal-indebted- i~' c„ ness on said date of ~.~oo.nn_ , wh c mortgage is recorded in Official a..,, Record Book 311 , page 1QI- o~ t~publ ic records of ST. LUCIE County, ~ Florida; and _ ~ - ~ - ~ !r~ ; 1 r 1 . ' _ . : - ~ ~~s`{~y~~ WNEREAS, said mortgage provided that the Association may declare all of ~~the .sums secured by said mortgage to be imnediately due and payable if al~ or any part of the property or any interest therein is sold or transferred without Asso- w~.~+y~ ciation's wa^itten consent; and ~ - ~ 1a~w ~ . WHEREAS, title to said property is being transferred and ~anveyed to the xl~~ Owner(s~ who~wishes to obtain~Association's consent to said transfer and agree- ta~: mL ment that the credit of the Qwne~(s) is satisfactory to the Association and that the interest rate aayable on the sums secured by.satd mortgage shall t~e at a rate ~{~~i~~~ti'•~ requested by the As~ociation; L$~ l~ _ NO~W, tHERE~ORE, in consideration of the covenants and pramises contained sa;~r .uc~E herein a~~d for other.._good ar~d valuable considerations, it is hereby agreed that c4:xrY - the aforesaid documents be modified as follows: - ~ 1. The undersign~d Qwner(s) het~eby expressly assumes and agrees to pay the indebtedness represer.ted by and due on tf~e aforesaid promi~sory note and mort- ~ gage and any modification or correction thereof in accordance with~fihe terms ~ thereof and as modified herein~ It is agreed that the.unpaid princlpal balance ~ . of said indebtedness as af RUGUST Z§th . 19 82 , s~ ' T1,10 H~~.Q$~_~ETY S T X AN 100---------__:.:-------------- 41 2_. Ql- - and that -t~e ~nter~s~ rate o~ sat n e tedness s a e~~3~.50 per cent per annum, beginning on AU~U T '6 ~ 1982~ , and that cc?mmencir~g on SEP7 ~lOth~ 148~ ~ ~ ~ the ~wner(s)=s a pay sa~ princ p~-and interest_in consecutive mont y insta~T- _ ~ ments of FOlJR HUNQRED S ) and ~ like sum on t e lOth day of each month thereafter unt~ t e eneire in e ted- ness evidenced-by the aforesaid notE and mortgage, as r~odifizd here~n, is fully ~ ~ paid; except that any remainin indebtedn~ess, if not sooner paid, shall b~ due and 3 payable on DECENBER lOth ,~~2008, ~ ~ I - . _ - . ~ - 2. The_undersigned Or?~er(s) hereby agrees that th~ aforesaid indebtedness. ~ 3tated in Paragraph 1 above is due according to the tersns and cvnditions~of the aforesaid note and mortgage and any mo~ification thereQf without defense or offset and further agrees to be Tiiable for said in~ebtedness"as fully and to the same ex- ~ tent as if the Or,mQr(s) was the original maker thereon. In addition, the Owner(~) agrees to perspnally erfcrm and to full abide b all the terms and conditions set , p Y Y a forth in said note and mortgaqe and this agreement. . . j~ 3. The Assor.i~tion recogn~zes t~e th,mer(s~ as the Obli~or(sj on the -subject loan; approves the credit of same and hereby release~ the ~riginal Obligor(s) - fror*~ further obligations or liability under the mortgage ar ncte referrc~i to above._ 4. ~Except as specifically designated herein, nothing here shall constitutP ,.a change ar amendment to the_aforementiUned promissa~ry note and.mortgage, the prov~- t sions of wt~ich are specifically reaffirn~ed by the Obligor(s) . ~ j~ ~ . 5. This Agreement is binding upon the heirs, personal representatives, ~ successors and assigns of the parties. , ~ . i - _ . 3~~3 F~aGE 91?