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E T~AS~LA.
MORTGAGE RIDER ~~~.°~•E~y~R~~'~~~~T ,
. 3~'0388 JuM tl 113a AM'17
TNis Mwzcr?os RtnaR is incorporated into that certaia mortgage eAtered into by
CHABL88 N. DOpALD80p and LO~ISE I~AB DOPALDSON, hi• vife
and FIRST FED$RAL 3AVINGS AND LOAN A9.gOCIATION OF MARTIN COUNTY.
The followins are additional oavenants under the above reterenoed mortgage:
24. Ii foreclosure prooeedings oi any seoond aartgage or seoond tn~st deed or aay junior lien ot say
kind ahouid be institntsd, t~,e Aneociation may at ica opti«,, immediately or thereafter declas+e this
mort~e aod t6e indebtednees secured l~ereby due and p~yable. ~
2b. 'i`o tbe e~t oi the indebtedneae oi the Mortgagora to the Msociation deecribed herein or secured
hereby, tbe Aseociation is hereby subrogat~d to the lien or liens aad to t6e rights of the oaeera
aud holders thereof oi eeu~ >tnd every mortgege, lieA or other encumbranoe on the land deecri'bed
her~n which is p3d end (or) astiafie~d. in whole or in part~ aut of the prooeeds of the lo~n descdbed
herein oar secut~ed bereby, and tbe respective liens ot asid mortgeges, lie~as or other encumbranoes
aue~it ga~ ~'a ~ t~ ~u by t~'i$ ~::iti~s~'ft ~-c:u ~s ev..'ilF:t~,' f.~ i~~'3*.~~a..i
o:~
ciation herein deecribed or hereby secured, to the aame ezt~t that it would h~e~ve been p~+ese~ed
~nd waild have been paaeed to and bees~ held bY t6e Asaociation bad it beeYt duly and reguLrly
a~ned, tranafened. set mrer ~nd delivered unto tbe Aeeociation by eeparate deed of a~t,
-na~t~vithstanding tbe fact tbat tbe eame msy be satis8ed aad canoelled oi reoord, it being tbe int~-
tion of the parties hereto that the same w~71 be satisfied and c~noeUed of re~ord by the holde:s
thereof at or abont the time of the reoording oi this aartguge. ~
26. That in tLe e~veat that this mortgage be ~ to secnre a oonst~nution loeui. failure on the pert of
ti~e Mortgagors or their o~trsctora to coznplete aaid building in aoomdsnee with C'o~tn~ctiou
. Loan Ag~+eemeat, of e~ date ~?ith, or to build e~id ooastn~ctioa in aaoorcianoe with ~
and speafications filed with the A~sociation, s6a11 oonetitnte a breac6 of this mortgag~e, and, at the
option oi the _ Aeeociation, ima~dia~tely me~t~re the entire amount oi princc:ipal and interest hereby
eecured and t~e Aeeoc;ation may immedistely inetitate prooeeding~s to forecloee this mo~tgag~e.
In the e~~reent t6i~s mortga~ ia purchaeed by a third party. thae additional covenants mentioned abo~ve
shell tieoome nuU and void 1~
IN WITNESS WHEREOF, Bormwes has ezecuted tbis Mortg~ge ' this ' day of
Juna 18 » .
~ Signed, eea1ed and delivered (Seal)
~ ~ f. C arles ii. naldsoa ~
~ ~ ' ~ . ~~Ni11lN/i4y~~
i , ~ ~ ~
~ 4-~ ~ ~ Louise Ztae Donaldson ,~a` ~,'i~; •
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w~:.~ ~ ,~.~y, t~ -
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IiICflIGAI~ %~~L f• ' q =~,o ~
3TA1'S OF l G 4.s•
COUNTY OFl~~~~) ~ - ~f~-/ ~N~~''""~3
The foregoing inetrumeat waa acknowledged before me this 7 w day of
Juttie , lg ]Z by Cfl~gLE3 iI. DOZiALDSOH a d LOUZSS MAS
DOpALD80p, his vife
.
. rto~? ~ . ~ ~ wE w~u
~io~. ~ 0~"'2~16~d~`j
~ STATE OF FLORIDA 1
COUNTY OF f -
--Tbe~oregoing inatrument was acknowledged before me this ~ day of
19 by and
resPectivelY,
Freaident and Secretaty of
a corpor~tion, on behalf of the oorporation. ~
.
Notarp Pnblie
M32S 12/16 . ~
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