HomeMy WebLinkAbout0194 ~ i
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A D D E N D U M
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+ ADDENDUM to r!lortgage from GLEN J. HARDEN to
~CHARLES HAYDE and MARGUERITE HAYDE,his wife dated July 20, 1978.
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~ This is a hase mone seeo~d mar +
Pu~ Y t~a9e sub~ect to one in favor ~
~~of First National Bank and Trust Company of Stuart, recorded f
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in O. R. Book 28~ ~
i , page 3, St. Lucie County, Florida Public ~
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~Records, which mortgage mortgagors have assumed and ac~ree to +
ipay according to its terms. ~
f The mortgagors covenant and agree to make all payments ~
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~iand to perform all conditions and covenants called upon ir? said ~
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~~prior mortgage now encumbering the property and default shall ~
~jconstitute a default of this mortgage. In the event of said ,
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~!default in any such payment or payments, conditions, or stipula- ~
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}ltions, the mortgagees, without waiving the option to foreclose ~
~~herein reserve the right to make such payments or to perfornr~ such
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~;conditions or stipulations so as to maintain the prior mortgage
jand prevent foreclosure thereof. Any and all such sums paid or
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1~expenses incurred upon~the behalf of the rlortgagors together with
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i~interest thereon from date of payinent at the rate of interest ~
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;jprescribed in the note underlying this mortgage shall be added
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~ito the mortgage indebtedness and be secured by this mortgage. ~
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It is further agreed between the parties to this ~
;~mortgage that in addition to the other terms and conditions set
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I~forth in the mortgage, that if a transfer should be made by the~
~'r.iortgagors of the premises herein described or any part thereof
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i~without the written consent of the r?ortgagees, then the mortgagees
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~;at their option may declare a11 sums of money secured hereunder
i~due_s~nd payable and said note and mortgage shall be in default.
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goox291 PAGE ~94 ~
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