HomeMy WebLinkAbout0586 ~
. ' s
~
~
RIDBR TO MORTGAGB dated , 19~_.
. be twe8n HELSN 1~IARTiNELLi . ~ .
as Mortgagor, and ~~y
COHEN a
dn NARItIET COHEN, his wife ~
~ as Mortgagee.
1. This mortgagg is subject and subordiuate to:^ The certain
mortgage, dated April 8 , 19 69 . made between
~Y o~and _HARRIET COHEN. his wife- as ~ -
mor tg agor . an SN , OF ST .
y~ as mortgagee, c mortgage was recor e n
t ie o• ce o t e Clerk of the Countq of St . Lucie .
on ~ , 1~ . in 0. R. . ,'page _ 2
.of t e u c ecor e of St. Lucie County,
and which mortgage.constitutes a mortgage lien
upon the premise8, now in the reduce pr nc pal amount of
$ 1 2.78 , with interest from 1"~Y 9 ,
1 c rst mortgage is hereina ter re erre to_
as t~ie " First ortgage". )
2. With respect to the princip al indebtedness of mortgagor to
mortgagee in the sum of $ 26,500.00 ~evidenced by the
note of even date herewit , ma e y mortgagor to mortgagee
~nd secured by this mortgage, mortgagee has conveyed to mort-
~agor on the execution hereof real property valued at
. and mortgagor and mortgagee hereby
agr e t at.t e_ n ance of eaid principal indebt~dness ~the
"Balance"~) totalling 11 932.78 as of the 9 day
_ of ~ , , s een validly
cii~urred by
mortgagee re y agree ng to retain such Balance and, as pro-
v~ided in paragrapt~ 3 hereof, to pay to the holder of the ~
, ~ t~ Mortgage the $ 11,932.78 unpaid prin-
c pa a ance as of said date o sa S Mortgage
together with accrued'interest.
3. (a) Mortgagar agrees to comply with all of the terms and con-
, ditions of the Mortgage other than with respect to
the payment of pr nc pa and interest due under said First
~ :sor tgage .
(b) In the event mortgagor shall fail to so ca~npl_y with all
of the terms, provisions and conditions of the First -
Mortgage so as to result in a default thereunder ot er than
with respect to payments of principal and interest due there-
under af ter , 19 -7-~ suct~ failure on the -
part of mortgagor s constitute~efault under this mort-
gage and shall entitle mor~gagee, at its option, to exercise
any and all rights and remedies given mortgagee in the event
of a default hereunder.
~(c) Any and all e~cpenses, including, but not limited to, title ~
company charges, recording and filing fees, legal fees of the
attorneys for the holder of the First Mortgage in prepara-
tfon of an assigimnent of either mortgage and any tax, if any,
that may be hereafter imposed by any taxing authority in con-
nection with the complfance by mortgagee with the provisions
hereof dealing with~the payments made or to be made to the
holders of the- Mortgage shall be paid by the
mortgagor or any owner o t e premises when requested by the
tftle companq and/or the attorneys representing the holder of
the First Mortgage. -
4. (a) Mortgagee agrees to pay to the holder of the First .
Mortgage, the $ il 9 2.78 unpaid principal~a3ance of
said mortgage, toget er w t a terest thereon accruing
~ 6001I~ I~ hliE ~ . R
~~oK273. ~i59~
~wcwuw a wtn. ~ rw • ~t'ro~~ ~x u~w •~ao vNa+~u? ~vENUE.surtt ~a • so~ ntec~ r~oMO~ »w -~~oa w~~u~