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RIDER TO MORTGAGE
Rider to Mortgage dated September 13,1979 between TIMOTHY -
F.QUIROZ the Mortgagor and LON F. PARSONS as i~ortgagae.
A. This mortgage is subject and subordinate to:
1.That certain-consolidated mortgage dated September 11,
1975 and executed by James Buchanon and Mary Buchanon in favor
of Vincent A.Grizanti and Flora Doris Grfzanti,his wife which
mortgage was recorded in O.R.Book 243 at Page 2138. of the. Public
- Records of St. Lucie County, Florida which consolidated mortgage
constitutes a first.mortgage lien on the premises described fn _
this mortgage and now in the principal amount of $12,679.55 with
interest from September 8,1979 -(such consolidated mortgage is
hereinafter referred to as the "First Mortgage");
2. That certain consolidated mortgage dated August 6,1979
and executed by Lon F. Parsons in favor of James H. Buchanan and
_ Mary Buchanan his wife which mortgage was recorded in O.R.Book
314 at Page 458 of the Public Records of St.Lucie County, Florida,
which consolidated- ~~..mortgage consititutes a second mortgage
lien on the premises described in this mortgage now in the
principal amount of $1.973.82 with interest from September 1,
1979 (such consolidated mortgage is hereinafter referred to as
the "Second Mortgage"). - _
B. (1) Mortgagor agrees to comply with all of the terms
and conditions of the First Mortgage and Second Mortgage other
than with respect to the payment of principal and interest -
under said First Mortgage and Second Mortgage.
(2) In the event Mortgagor shall fail to ccmrl}~ with all
of the terms, provisions and conditions of .the First Mortgage and
Second Mortgage so as to result ~in a default thereunder (other
than with respect to the payments of principal and interest _
due thereunder after September 13,1979) such failure on the part of
Mortgagor shall constitute a default under this mortgage and shall
entitle Mortgagee, at his option to exercise any and all rights
and ret~edies given Mor-tgagee in the event of a default-hereunder.
If (3) 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 and Second
Mortgage in preparation of an assignment of either mortgage and
any tax, if any, that may be hereafter imposed by any taxing
authority in connection with the compliance 33y Mortgagee with
the provisions hereo= dealing with the payment made or to be made
to the holder of the First Mortgage and Second Mortgage shall
_be paid by the Mortgagor or any owner of this premises when
requested by_the:_ttle company-and/or_the_attorneys representing
.the holder of the First Mortgage and Second Mortgage.
C. (1) Mortgagee agrees to pay to the holder of the First
Mortgage, the $12,679.55 unpaid principal balance of said mortgage
together with interest thereon accruing thereunder from September
8,1979,as and when required by the terms of said First Mortgage
i.e.by paying the constant monthly. payments of $149.92 provided
to be paid thereunder on the 8th day of each month until the
Mortgagee shall pay the entire principal of said First Mortgage
and all interest thereunder accrued and unpaid.
(2) Mortgagee agrees to pay to the holder of the Second
Mortgage, the sum of $1,973.82 unpaid principal balance of said
mortgage together with interest thereon accruing thereunder from
September 1,1979,as and when required by the terms of the Second
Mortgage,i.e.,by paying the constant monthly payments of $42.01
provided to be paid thereunder on the first day of each month
aoo~316 P~f2~91