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ADDENDUM to mortgage from PHILIP E. DUNN and
SANDRA A. DUNN, hfs wife, to CLAUDIA H. McKEEVER and
SHIRLEY A. HUNTER, dated March 1978.
This is a purchase money second mortgage and is
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inferior to a first mortgage in favor of First Federal Savings '
sociation of Fort Pierce recorded in O. R. Book 268, ~
and I,oan As ,
pages 529-530, St. Lucie County, Florida, public records, which }
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mortgage mortgagors have assumed and agree to pay according to
its terms. ~
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The mortgagors covenant and agree to make all payments
and to perform all conditions and covenants called upon in said ~
prior mortgage now encumbering the property and default shall ~
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constitute a default of this mortgage. In the event of said ;
default in any such payment or payments, conditions, or stipula- ~
~ tions, the mortgagees, without waiving the option to foreclose :
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herein reserve the right to make such payments or to perform such ~
conditions or stipulations so as to maintain the prior mortgage ~
and prevent foreclosure thereof. Any and all such sums paid or {
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expenses incurred upon the behalf of the mortgagors together '
with interest thereon from date of payment at the rate of interest
prescribed in the note underlying this mortgage shall be aaaea to
the mortgage indebtedness and be secured by this mortgage. ,
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t It is further agreed between the parties to this ;
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t mortgage that in addition to the other terms and conditions set '
~ forth in the mortgage, that if a transfer should be made by the
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~ mortgagors of the premises herein described or any part thereof ~
~ without the written consent of the mortgagees, then the mortgagees ~
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~ ' at their option may declare all sums of money secured hereunder
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~ due and payable and said note and mortgage shall be in default. ?
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Witnesses: ~ ~f ~ ~
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CC ' , / ' ~ t--r-~i
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~ Dated: 7
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~ 0 R 8 PAGE 677
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