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ADDENDUM TO MORTGAGE
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THIS ADDENDUM TO MORTGAGE dated this ~ day of March,
1981, by and between PAUL S. HENDREN and VIRGINIA B. HENDREN, his
wife, (hereinafter referred to as Mortgagors) and JONN E. THOFNER
(hereinafter referred to as Mortgagee).
i. ihis mortgage is subject ana subordinate to that certain
Mortgage dated September 15, 1930, made between John E. Thofner as
Mortgagor and William H. F. Keifer and Virginia C. Keifer, his
Wife, as Mortgagee, which Mortgage was recorded at O.R. Book 338,
Page 2036, of the Public Records of St. Lucie County, Florida, and
which Mortgage constitutes a first mortgage~lien upon the premises
mortgaged hereunder and which has a current principal balance o£
$57,500.00, together with interest accrued thereon and which
mortgage and promissory note secured thereby is hereinafter referred
to as the "First Mortgage".
2. Mortgagor does hereby covenant and agree with Mortgagee
that while this Mortgage remains in force and effect, Mortgagor shall:
A. Comply with all terms, covenants and provisions of
the First Mortgage, except with respect to the payment of principal
and interest due thereunder, but including providing for insurance
on the mortgaged premises and payment of taxes and assessments.
B. If Mortgagor shall fail to comply with the terms
and provisions of the said First Mortgage, except with respect to
payment of principal and interest, so as to result in a default
thereunder, such failure on the part of the Mortgagor shall, after
thirty (30) days written notice to Mortgagor constitute a default
under this Mortgage and shall entitle Mortgagee, at his option,
to exercise any and all rights or remedies given to Mortgagee in
the event of a default hereunder.
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