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il~is Instrument Prepared By: - - " ~
Candy r1cl'lwain 1021995 RecFes= f~ J p
`.'ice President DOUGLAS DIXON
~ irst Citizens Federal Add Fes:-~-~-~ St Lurie County
J3\'lI1gS and Loan Association ~T~ _-=~~'_~3 C1er' ~i C:rc• ~c Court
1 t;00 South Federal Highway lnt Tax a~~, ~E~ >
: art Pierce, Fl 34950 ASSUrtk'TIUN AGRGEPiI:~!'I' / Deputy Cletk
To~t s • 7s
I,UAN L~ 22129033 NAAtE: Deborah K. Sarikhani
'ti?is n ~reement is macle tf~is ~t
1 da oF ~r~ ^ ~ ~
~ s- ~ Y I ~L -s 19~, by and betwee~i
FI1tS'P CITIZGNS PCUERAL SAViNGS ANU LUAN ASSUCI iUN, t~erein ter called "ASSOCIATlON" and
Deborah K. Sarikhani, a single adult ` iereinafter called "OWNER(s)".
Will'sRL•'hS, ti~e ASSOCIA'fIUN owns and holds the original promissory note and mortgage
execuCed on the 14th day ot May , 19 $7 , evidencin~ a principal indebted-
ness on said clate of ~ 30,000.00 , whiclt mortgage is recorded in O.R. Book 542 •
Page 2558, of the I'ublic Records of St. Lucie County, I'lorida as
supplemented by that Future Advance Rider in the amount of ~ N/A and recorded
i.n U.R. Book N/A , Page N A , of the Public E~ecords.of N/A County,
Florida, ancl,
WIIERGAS, said mortgage provides that the ASSUCIA'T10N may declare all sums secured by
' said mortg~ge *_o be immediately due and payable upon the sale, transfer or couve~ence of
' s~iid property or any part tt~ereof without the wrikten consent of the ASSOCIATION; and
j WlIGRI:AS, title to said property is being transterred and conveyed to the OWNER(s) who
' wish to obtain tl~e ASSUCIATIUN's consent to said transfer and agreenient that the credit of
~ the UWNER(~) is satisfac~tory to the ASSOCIATIUN and tl~at the interest rate payable on the
i stims secured by said mortgage sl~all be at a rate requested by tl~e ASSOCIATIUN and p~yable
~jF~on terms acceptable to the ASSUCIA'fIUP7. \
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F NUW, '1'HGREEURC, in consideration of the c~venants and promises contained herein and
~ Ior ott~er good and valuable consideration, it is I~ereby agreed as follows:
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~ 1. Tlie u~idersigned OWNfR(s) t~ereby expressiy assumes and agrees to pay tlie indebted-
i i~ess represented by aiid due on tl~e aforesaid promissory tiote and mortgage and does agree to
~ e:cecute and deliver to tl~e ASSOCIATION sucti oti~er docume»ts as .tl~e ASSUCIATIUN si~all
require to modify the aforesaid promissory note and mortgage to implement the general terms
~ hereof. It is agreed that the unpaid principal balance of said indebtedness as of
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February 1, , 19 90 is T~aenty Nine Thousand Four•Hundred Sixtv EiQht and 07/100
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~ 29,468.07 ) and that the i*iterest rate on s~iid indebtedness shall
~ be an adjustable ~ and sliall initially be 11.75 7. per annum beginning on
February 1, , 19 90 and t)tiat conunenciT~g on February 1, ,19 90 tl~e
~WVER(s) shall pay said principal and i~iterest in consecutive monthly installments of
Three Hundre3 Dollars and 73/100 300.73 ) until tt~e entire
i~debtedness as modified t~ereLn a~id by tl~e AS50CIA'1tUN`s otl~er modifying dvcuments is
Lully paid, except that any remaining indebtedness, if not sooner paid, sii~,ll be due and
payable on the first day of June . 2017
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{ 2. 1'he undersigned OWNGR(s) hereby agrees that the indebte~lness stated in Paragraph
a 1 above is due according to tl~e terms and co~iditions c?f the aforesaid note and mortgage and
s any modification therevf witl~out defense or oftset and furtl~er agree to be liable for said
~ i~~c!ebtedttess as fully and to the same extent as if the UWNER(s) was the original maker(s)
~ tl~ereon. In additiori, ti~e OWNER(s) agrees to personally perform and• to fully abide by all ,
tl~e terms and conditio~is set fortli in said note, mortgage, tt~is agreement and any otl~er
modifying documei~ts.
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~ 643
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