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?t960-~i1-1~• IB~Sb 002 P07
l0e 1996
t Ad~1~°M=J~.~.,p~BtLodsConnb
. DrieTiixi.ft.'~..~,~qu~`otGYm,itCouxe
; IatTui ~_....,.fi;; ..~y~FICAT1Uti, RELSASC AND A58UMP210N
~ Total S ~6~ ~P~b Clerk AGRP.L'NF.NT
1tOWARA F. MENUBNHALL ~
1 .,~yugyqy, _ NANE: SQYC6 3. HRNtl~pi t , •
.k~ 1'his Agceenent ie mude tUia dny of a(9 s by and b@Cween ,
I~1RS't CISSZCNS REP£IW. SAVINI;S NiU
1.a1N
A6SOCZAT[UN. hetetnafter called "AS80CIATIUN" xnd .
t: Hpvard F. Men~iqnhA77 nnd JoyCe T. Mnudenhall, p3s wife heraiqefter called "OWNER(aj".
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WHER&1S, tLe ASSOCIATION omnn and holda the nriginai ptoniseory note and mortgage
exncuted on tGe daq of FeD;~a~y t9~L, ~videncing e prlneipel indebled- ~
neFe on said Jate of 44,500•QQ_~ wfiich t~ortgage 18 racordnd i~ O.R. Book ~
Cnge 1674 .~if the PuDlic Recotda of $Y. l,I~~IE County, Florida ae -
j,; supple•+in~~trJ Ly tAut Future Adva~ice Ridet i~ !he umount qf and recorded
;r L~ b.R. Oo~~6 page_ , o£ the Yublie Recorda of Countq. -
Flvrld... a. . `
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'acnr. moragage pxovidna U~at tUe A55oC1AtI0N eaq declare atl euma pecuced~by
:g~ge co ee Samediatalq Jue e~d payeble upon the eale. Crsnefee or couvUyenee o£ ~
~~~opercy or any part chnrxuF M~CItOllt Che vrttcen coneent of tbe A9SOCIATIDN7 and
`k
P44 • ' .
.i~IFNfnS, title t~ eaid property 3A bei~g tranaferred aad conveyQd to the OWNEe(n) wiio
wi.~~ ~Mn ..ondlr nF ti
chc OwNEN(o) ls snclsEactory ta the ASS(tC2ATION and thnC tLa~lntereet reee payable on eNe p
x'~~ suma Fvcured by saLQ mortgage si~a12 bc at e rata requen[ed by tha ASSOCIAtION aod peyab7.e
npen cerma acceptable to the ASSOCIATION. i
NOG, TNEREFQRR, !tt consLLacation of tha covennnte end ptowiees eontatned Uerein and i
x tor ocher 8ood ead valuable coneideratioa, ic is hereEy egreed As foilowei s
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~ 1. T6e undereigaed OWNER(s) hcreb8 axpreaely IIe8YY4lP and agreee to pay Che indebted- y
'~g neaa repraexnoed 6q and dce oa the atoresaid promiasory nota and ~rtgagc arid deee agxee to
3 execuLU a~.S deiiver ao the ASBUCUTION euoh other docunenta ~s tUe A580CIATION e6e11 ~
j reyulru tu mndif9 the n[oreaald promisaory note and moregege to implenaht tha genenal kerme
n t hsrcoF. It La agre¢d chat the vnpald princlpal balance oi esld indebtedntee as of
r Mtti.h 1, ~ A9 8Q !s Fo~ty Three he and e'ghs u d r,.,~,~t~~and a9/lOtl-.~
°~i " y,
43,828~,99 j~~d shat c6e ineeseet rara on satd iadebcednene ehall i
'
be ~ a VA . and ehall initially be 8~, x paY annuw beg3nriing on
~ zch A , . I9~,J„ and Ghat com,meveing on March~i, ~19 AQ. khe
~i~ uwNFR(S),~hall pay
eaid principal d~d A~teresC fn cOn&ecutive monthly inetallh&hta of
s.~ Thtee~`i„~ndrea FoYtv ltro end ijj10Q--^----- «_._.3b?Y.1.7., )~til ~he ~ntise
~ f~debt~nesa ns nrodified hereAn nuJ bq
the AS,S[J(:lATiUN 6 othet modifyjng docuwenb Ss _
O~'iy pqid. excepc lt~a[ any xenaintng in~debtedlneae, if noe aooner,peid, eha1X be due ead
, ~nble on C~~e day of ,
2. Thc mtdcroignrd lri/N&R(qJ haxoby ~grea~e ttm~ r.ba indebtedaeee etaNd in Paragraph Y
`sy i a4ove Se Jne xccording to tho tcrms und condlicione of CLe sfocaeiid nota and awttSrgs ei~S
any modtfication tLerco[ ulthout da[anpe ar od£aet and futehst agro~ to ba 11Xkla fox said
tndebtedncas an Ioliy nnJ to the n+~ma cxcent ne i[ [Le OWN6R(9) va~ th~ otlgdaal a¢kar(g}
tl~ereon. In ndditAon. the OWNF.R(e) ngrcce to pereonnlly perEbfp and to fully xblde by All
ehe tnrme nnd cnndltlonn sec forth ln an4d note~ moregage~ thie egrnemant and any othex `3;
mod2tying doCUments.
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