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AGRSBMBNT ~.6USS~
~ WHSREAS, Nedrick M. Dodd and Mamie Dodd, hia wife
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have executed a certain martqaqe with Citizens Federal Savinqs and ~
Loan Association of St. Lucie County, said mortqaqe beinq Loan No.
661 of the Association, and beinq represented by a n~rtqaqe instru
ment and promisaory note, the mortqaqe instrument beinq recorded
in O.R. Book 168, at Paqe 1096, of.the St. Lucie County Public Re-
cords= '
WBEREAS, 8oward F. Howe and Lucille M. flowe, his wife,
have co-siqned and quaranteed the payment,of the note in the anaun
of $14,750.00, which note is secured by the abovesaid mortqaqet
WHEREAS, It is the intention of both of the uadersiqned to
protect the rights of each other in connection with this guarantee
TBBRSFORS, RNOW ALL MS1~1 BY TS$S$ PRSS$AiTS: That, the
undersigned has stipulated and aqreed as follows: ~
1. That in the event that Nedrick M. Dodd and Mamie Dodd
should default on the above-described mortqage loan with the said
Citizens Federal Savings and Loan Association, and in the event
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that the undersigned, Haward F. Howe and Lucille M. Hawe, his wife '
shall be forced to make payments on said mortqaqe note, then these
payments shall constitute andbe a lien on the followinq described
real property:
Lot 6 and 7, Block 2, of a re-subdivision of
HIGHL,AND PARR SUBDIVISION, as per plat thereof,
recorded in Plat Book 9, Paqe 11, of the St.
Lucie County, Flo~ida Public Records.
2. That all such payments shall be a lien on said propert
and this lien shall be perfected by any payments that the said
co-siqner shall be called upon by said Citizens Federal to make to
that said Citizens Federal, and upon the said co-siqner makinq sai
payments, then they shall have a lien for the amount of said pay-
ments on the above-described real property, and shall be entitled
- to foreclose this lien after fifteen (15) days written notice to
the said borrowere as fully as thouqh this lien were repsesented b
a second mortqaqe for the amount of said payments.
. 3. That in the event the co-siqner shall be forced to for -
close this lien, then the borrowera hereby consent to equity hav-
ing iurisdiction of this cause, for tha foreclosure of the lien or
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