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CONTINUATION OF MORTGAGE: -
RIDI:R TO MOP.TGAGF. dated Marc .3 R% 19_gQ_, between
Frances Pearl Nicholson and Leolin V. Nicholson
as ?lortgagor, and Mark Cohen and Roberta S. Cohen his wife
as Mortgagee.
1. Prior Mortl;at;cs
(a) This mortgaie is subject and subordinate to: 'I'Ice ccrtai-n
murtl;aE;e, dated December 30, 19.76 made between
:dark Cohen and Roberta S. Cohen, his wife as mort'~,af;or,
and First Federal Savings and Loan Association of Fort Pierce
as mortF,agee , wT i
cTi mor tl;a};e was recor a in t e o ice o
- the Clerk c~1~ the County of St. Lucie, on Januar 4, 197_7__
in O.R. Book 262 pal;c 124 of the Pub ~:c RecoriT- c~fr
St. Lucie County, and which mortg~t;c
c~nst'
i tiit~>:~ a i rs-t. mortgage 1 ien upon the premises , nc~w its t:h~•
reduced rincipal amount of $20,233.54 with interest lrc?t.,
Januar~ 11 ~ '19 30 , . uc lrst mortgage is
hereina ter re erre to ws the "prior mortgages".)
(b) This mortt;a~.;e is subject and subordinate to: The certain
mortga€e, dated FeY~.r~,~v 15 19~Z, made between
Mark Cohen and Roberta S, Coh~~ his w; fca _~~ts mortf;:~};ur ,
and Harold E. Sullivan and "oar E
as mort};a};ee, wTii
r i m~~rtl;.if;e w:~s recor c>c to the o i ~r o!
the Clerk of the County of St. Lu__c~i~_. on F _ _ 1'~j7
in O.R. Book 264 ~ pate _113 ~ t ch
~ Public Recor s of
St. Lucie ~County, and which mortf;ape
constitutes a second tnortga~;c lien upon the premises, nvw in tht~
reduced principal amount of $ 3,_000.00 with interest t~rl>,-
Feibruary 15 19 8 0 ~ uc ::econc~mor tj age i s
~e ein,~tcr
r~Ter-recTto as
tTc "prior mortga};es"
1. Wi-th respect to the principal indebtedness of mortgagor to
morCga};ee in the sum of $42,000.00 evidenced by the
note- of even date hcrcwit ma a ~y mort};at;or to mortga};ec
and secured by this murtba};e, t~•~~rtgagec has conveyed to mvrtf;:ctur
can the execution hereof real property vaiued at $ 55 000.00 _
and morn.};agor and mort};ai;ee hereby a};rre that the a once of
principal indc~btedt~~•ss (the ba 1 once' iota 11 i ~~g a23, 233.54
as of the 3rd day ciC 'arch _ 1980 ,-Ti.1s-6ceii v.,T icll v
ncurred by mortga};ee hi>rc~iy ~f;ree~it?~ t_c~ ~ ret:ii.ii such balance and,
as providell in p:~rat;r:~ph 3 hc~rcoC, to pay to the Holders cif Chc>
prior mortf;ages the $2323.3.54________ unpaid principal balance :cs of
said date of sari prior mort~;aF,es together with accrued inte•rr~:t.
3. (a) Mortf;abor af;rec.>s tc? comply a'lth :tll of the terms :end conclili/~~~:.
of the prior mort}-;apes other tha~l wi t_h respect to the payment.
of principal and interest duc• under said prior niort};at;e.
(h) In the event mortt;aF;or shall- fail to so comply with all cif thc• j
terms, provision; and conditions oC the prior mortgage su :i:,
to result in a default thereunder (other than with respect
to payments of principal anc: ~nterest due thereunder after
March 3 1980 ) such failure on the part of.
mortgagors a constitute a default undo.>r this mortfage and
shall entitle mortgagee, at its option, to exercise any and
all rights and remedies given m~rtt;agec in the event oC a
default hereunder.
a~32? P~25~?
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