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_ RIDER TO MORTGAGE
Rider to Mortgage dated September 13,.1979 between TIMOTHY
F. QUIROZ as Mortgagor and LON F. PARSONS as Mortgagee.
A. This mortgage.is.subject and subordinate to: -
- 1. That certain consolidated mortgage dated Octobe~c 31,
- 1978 and executed by Raymond B. VanMeerten and Lon F. Parsons
in favor of Lawrence F. Morris and Ethel-M. Morris, hie wife which
mortgage was recorded in O. R. Book 297, Paqe 222 of the Public
Records of St. Lucie County, Florida which consolidated mortgage
constitutes a first mortgage lien on the premises described in -
this mortgage~aad now-in the-p=incipal amount~of $10,228.99-with-
interest from September 1, 1979 (such consolidated mortgage is
- hereinafter referred to as the "First Mortgage");
2. That certain consolidated mortgage dated February 1,1979
- from Lon F.Parsons to Raymond E. VanMeerten which mortgage-was
recorded in O. R. Book 303, Page 2050 of the Public Records of
St. Lucie County, Florida which consolidated mortgage constitutes
a second mortgage lien Qithe premises described in this mortgage
and ngiin the principal amount of $4,205.08 with interest prepaid
to November 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 comply with all
of the terms, provisions and conditions of the First Mortgags and
Second Mortgage so as to result in a default thereunder (other
than with respect to the payments of principal ancr 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 remedies given Mortgagee in the event of a default
hereunder.
(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 thereafter-imposed by any taxing
authority in connection with the compliance by Mortgagee with
the provisions hereof dealing with the payment made-or to be made
to the holder of-the First Mortgage and Second Mortgage shall
be- ~Sa#d-~by-thy Mortgagor -br -any -owner-of-this p=em~ses-when- -
requested by the title 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 sum of $10,288.99 unpaid principal balance of said
mortgage together with interest thereon accruing thereunder from
September 1, 1979,as and when required by the terms of said First
Mortgage,i-.e.,by paying the constant monthly payments of $130.93
provided to be paid thereunder on the 1st 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 $4,205.08 unpaid principal balance of said
mortgage together with interest thereon accruing thereunder from
November 1, 1979, as and when required by. the .terms of the Second
Mortgage,i.e.,by paying the constant monthly payments of $60.00
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