HomeMy WebLinkAbout0974 RIDER TO MORTGAGE dated Januarv 10 , 19~.
between NICHOLAS P. ATHANS and ANN S. ATHANS, his wife
as Kor tgagor, and IRENE H. REESE, 14Zlt~~iQXXIE~,~.~~
as ,Iortgagee. -
1. This mortgage is subject and subordinate to: The certain mort-
gage. dated Julv 30 , 1976 , made between
ANTHONY KLERK and MOIRA KLERK, his wife as mortgagor.
and CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF ST. LUCIE COUNT
as mortgagee, w c mortgage was re or e n t e o ce o e
Clerk of the County of St. Luc~e ~ on ugust ,
1976 , in 0. R. Bk. ~ , page o the Pu c ecor s o~
~unty, an w c mortgage constitutes a
rst mortgage lien up on the premises. now in the
re uce pr nc pa amount of $ 12,527.58 , with interest from
Januar 9 19 79. ( uc rsdortgage is hereinaf ter '
re erre to as_t e"~'irst Mortgage
2. With respect to the principal indebtedness of mortgagor.to ;
mortgagee in the sum of $ 30,500.00 evidenced by the ~
note of even date herewit . ma e y mortgagor to mortgagee ~
and secured by this mortgage, mortgagee has conveyed to ~gQrt- ~
gagor on the execution hereof real property valued at $ 34.000.00
. and mortgagor and mortgagee hereb~ agree that the balan~~ ~2~.58
said principal indebtedness (the 'Balance") totalling $ ~
as of the 9th day of January , 19 79 , has een
validly incu-
rre~ by mortgagee ere y agreeing to retain such
balance and, as rovided in paragraph 3 he f to pay to the
holder of the ~irst *~ortgage the $ 12~~~~•~8 unpaid
principal balance as o said date of sa .ortgage to-
gether with accrued interest.
' 3. (a) Mortgagor agr~gs to comply with all of the terms and con-
i ditions of the lrstmortgage other than with res gct to the
~ payment of principa~ and interest due under said ~lrst .
; mortgage. ~
~
~ r
~ (b) In the event mortgagor shall fail to so com~~~rStith all
~ of the terms, provisions and conditions of the
~ mortgage so as to result in a default thereunde~ot~ier than
@ with respect to a ent of princi 1 and interesr due there-
~ under af ter J~an~ary ~ , 19 such failure on the
~ part of mortgagor s a constitute a default under.this mort-
~ gage and shall entitle mortgagee, at its option. to exercise
~ any and all rights and remedies given mortgagee in the event
of a default hereunder.
~
~ (c) Any and all expenses, 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-
~ tion of an assignment of either mortgage and any tax, if any,
~ that may be hereafter imposed by any taxing authority in con-
~ nection with the compliance by-mortgagee with the provisions ,
_ hereof dealing with the p ayments made or to be made to the
~ holders of the first mortgage shall be paid by the mort-
` gagor or any owner o t e premises when requested by the title
~ company and/or the attorneys representing the holder of the
first mortgage. - . `
~`t
4. (a) Mortgagee agrees to pay to the holder of the first
~ mortgag-e, the $ 12 527.58 unpaid principa a ance o
~ said mortgage, toget er w t a nterest thereon accruing
~
~~RK 3D1 ~n~~ 974 ~
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MCMAIID QRED. JII. • ATTOIINEY AT lA1N • 700 YIIIOtN1A A1fEN{IE,sY(Tt /0t • F011T M[IICE. fLOMDA q061 MSl~]0
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