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ADDENDUM TO MORTGAGE
THIS ADDENDUM TO MORTGAGE dated the ~ day of December~
1980~ between CHARLES LOUIS ENGEL~ a single adult (hereinafter
referred to as t4ortgagor) and WILLIAM E. TESCHNER and JAMES D.
REVELLE (hereinafter referred to as Mortgagee),
1. This mortgage is subject and subordinate to a certain
mortgage in favor of MARJORIE M. VAN RAVESTEYN
given b_y WILLIAM E. TESCHNER and
JAMES D . REVELLE
dated December 13, 1971 , recorded necember 13, 1971 .
in the original principal amount of $56,179.42 at O.R.
Book 197 ~ page 2787, Public Records of St. Lucie County, Florida,
which mortgage constitutes a valid and subsisting first mortgape
lien on the property mortgaged hereunder, and which mortgage
has a current outstanding principal balance of $29,609.19 . Such
mortgage is hereinafter referred to as the "First Mortgage".
2. Mortgagor agrees to comply with the followin~ terms~
covenants and conditions:
A. Mortgagor shall comply with all of the terms and
conditions of the First Mortgage, other than with respect to
the payment of principal and interest due thereunder.
B. In the event riortgagor 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 Mortgagor shall constitute a default
under this mortgage and after fifteen (15) days written notice
by Mortgagee to Mortgagor, Mortga~ee, 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 Mortgat~e
by the Mortgagor, other than with respect to the payments of
principal and interest due thereunder, Mortgage shall be
aa~345 PA~E2693
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