HomeMy WebLinkAbout2172ADDFNDUM TO MORTGAGE
THIS ADDENDUM TO MORTGA~E dated the 18th day of December,
1980, between ROBERT D. BOTTERBUSCH, JR, and VIRGINIA L.
BOTTERBUSCH, his wife (hereinafter referred to as Mortgagor)
and WILLY M. ANDRESEN and EMMA ANDRESEN, his wife (hereinafter
referred to as Mortgagee).
1. This mortgage is subject and subordinate to a certain
mortgage in favor of Citizens Federal Savings & Loan AssociaCion -
of St. Lucie County, given by Harris ConstrucCion Corporation,
dated June 9, 1971, recorded June 11, 1971 in the original ~
principal amount of $30~000.00, at O.R. Book 193, page 382,
Public Records of St. Lucie County~ Florida, and corrected
by a Corrective Mortgage dated June 25, 1971, recorded
June 28, 1971~ at O.R. Book 193, Page 1561~ Public Records
of St. Lucie County, Florida and which mortgage constitutes
a valid and subsisting first mortgage lien on the propertv
mortgaged hereunder, and which mortgage has a current outstand-
ing principal balance of $21,626.97. Such mortgage is hereinafter
referr~d to as the "First ?~[ortgage".
2. Mortgagor agrees to comply with the following terms,
covenants and conditions:
A. Mortgagor shall comply with all of the terms and
conditions of the First Mortgage, oCher than with respect to
the payment of principal and interest due thereunder.
B. In the event Mortgagor shall fail to so comply
with all of the terms and provisions of the said First Mortgage,
so as to result in a default thereunder (other than with
respect to payments of principal and interest due thereunder)
such failure on the part of *4ortgagor shall constituCe a defaulC
under this mortgage and after fifteen (15) days written notice
by Mortgagee to Mortgagor, t~:ortgagee, at its option. shall have
the right to exercise any and all rights and remedies given
to Mortgagee in the event of default hereunder.
C. In the event of default under the First Mortgage
by the Mortgagor~ other than with respect to the payments of
principal and interest due thereunder, ~!ortgagor shall be
responsible to Mortgagee for the payment of all allowable
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