HomeMy WebLinkAbout2908 RIDER TO MORTGAGE
Rider to Mortgage dated the ~~day of ,1979
between ALBERT R. LUCCI and CARL D. LUCCI, as point tenants with
right of survivorship, as Mortgagor and ELAINE R. BERMAN, as
Mortgagee;
A. This mortgage is subject and subordinate to: that
certain consolidated mortgage dated May 7, 1976 and executed
by Leo C. Weaver and Mildred L. Weaver his wife in favor of t
First Federal Savings and Loan Association of Ft. Pierce, which
mortgage was recorded in O. R. Book 252, Page 577 of the
Public Records of St.Lucie County, Florida, which consoli-
dated mortgage constitutes a first mortgage lien on the
premises described in this mortgage, now in the principal
amount of $30,543.54, with interest from October 20,1979
(such consolidated mortgage is hereinafter referred to as
the "First Mortgage"):
i, ~ u.....~.. ..C,....1.. Stith M11 ~f the termg
D. \1/ rave t,.yayvr ca~yrec~ a.v a..r j
and conditions of the First Mortgage other than with respect
to the payment of principal and interest under said First
Mortgage.
(2) In the event Mortgagor shall fail to so comply
with all of the terms, provisions and conditions of the
First Mortgage so as to result in a default thereunder
(other than with respect to the payments of principal and
interest due thereunder after October 20,1979) 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
in preparation of an assignment of either mortgage and tax,
if any, that may be thereafter imposed by any taxing authority
in connection with the compliance by Mortgagee with the
` provisions hereof dealing w?th the payment made or t~ be
made to the holder of the First Mortgage shall be paid by
~ the Mortgagor or any owner of these premises when requested
~ by the title company and/or the attorneys representing the
holder of the First Mortgage.
s
C. (1) Mortgagee agrees to pay to the holder of the
First tortgage, the sum of $30,543.54 unpaid principal
balance of said mortgage, together with interest thereon
accruing thereunder from October 20, 1979, as and when
required by the terms of said First Mortgage, i.e., by
paying the constant monthly installments of $264.00 provided
to be paid thereunder on the 20th day of each month until
the Mortgagee shall pay the entire principal of said First
Mortgage and all interest thereunder accrued and unpaid.
(2) All such payments provided to be paid by
Mortgagee, pursuant to the provisions of sub-paragraph (1)
hereof, shall be made by Mortgagee before the expiration of
the applicable grace periods provided for such payments as
contained in the First Mortgage.
(3) Notwithstanding the foregoing, Mortgagee's
~ obligations to make the respective payments of principal and
interest as and when due under the First Mortgage is con-
ditioned upon the following: .
3~~K319 PACE2Q95