HomeMy WebLinkAbout0558 A D D E N~D U M
~thibit "A" far Nbrtgage frcin I~A~VID R. 1~1PPIN and JANIC~ Y.
IAPPIN tr~ HRiX~ W. PP?~tNgNI''r~t arxi DO~iY KATt~,F~l PAR~TI~Et.
This is a purchase money second mortgage and is
inferior to a first mortgage in favor of VEN'iURE ACCEPTANCE .
CORPORATIOr, as reflected in OR Bk. 235 at pg. 1173, of Public
Records o~ St. Lucie Count~•, which mortqage mortgagars have
assumed and agree to pay according to its terms.
The mortgagors covenant and agree to make all payments
and to perform all conditions ana covenants called upon in saic
prior mortgage now encumbering the property and default shall _
constitute a nefault of this mortgage. In the even~ ~f said
cetault in any such payment or payments, conditions, or stipula-
tior.s, tne mo.rtcagees, M•ithout waiving the option to fc,reclose
herein reserve the right to make such payments or to perform such
Londitions or stipula~ions so as to main~ain the prior mortgage
anc prevent foreclosure thereof. Any and all sucn sums paid or
expenses incurred upon the behalf of the mortgagors together
~•:~ith interest thereon from date of payment at tne rate of interest
~rescribed in the note underlying this mortqage sha11 be added _
' ~o Lhe mortgage indebtedness and be secured by this mortaace.
' It is further acreed between the partiES to tnis
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~ m,ortgage that in adc3itior_ to the other terrr.s anc concitior.s set
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~ forth in the m~rtgage, that if a trar.sfer snouid be ~~ade b}~ tn~ .
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~ mortgagors of the premises herein describec~ or an}T part tnereo;
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withou~ the wri~Len consent of the mortgaqees, ther. the mortaaaees
a~ their option r~ay declare al? sums of mone~• secured hereunder
~ aue and payab~e and said note anc mortgaae shall be in default. .
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~ . so~~ 303 ~f 557 . ~
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