HomeMy WebLinkAbout2420RIDER TO MORTGAGE
Rider to Mortgage dated March 31,1981;between ALFRED BRIIHMER
AND JEANETTE MADELINE BRAHMER,HIS WIFE, as Mortgagor and
JACODSON-REA,INC.,a Florida Corporatian, as Mortgagee;
A. This mortgage is subject and subordinate to:
(1)That certain consolidated mortgage dated April 27,
1979 and executed by Mortgagee in favor of Sun Bank of St.Lucie
County, which mo~tgage was recorded in O.R.Book 307, Page 2647,
Public Records of St.Lucie County, Florida, which consolidated
mortgage constitutes a first mortgage lien on the premises
described in this mortgage, now in the principal amount of
$43,351.52, with interest from March 31,1981 (such consolidated
mortgage is hereinafter referred to as tlie "First Mortgage"):
(2) That certain consolidated Mortgaqe dated Se~tember
10,1979 and executed by Mortgagee in favor of Sun Bank of St.
Lucie County which mortgage caas recorded in O.R.Book 316 at
Page 644 of the Public Records c~f St.I,ucie Cot~nty, Flnrzc3~ nnw
in the principal amount of $42,546.04 ~aith interest from
March 31,1981 (such consolidated mortgae is hereinafter referred
to as the "Second Mortgage");
(3) That certain consolidated mortgage da~Pd May,1980
and executed by Mortgagee in favor of First National Bank of
Fort Pierce which mortgage was recorded in O.R.Book 331 at
Page 2i76 of the Public Records of St.Lucie County, Florida
now in the original principal amount of $29,588.23 with
interest from March 31,1981 (such consolidated mortgage is
hereinafter referred ~o as the"Third Mortgage" .
B. (1) Mortgagor aarees to comply with all ot the terms
and conditions of the First, Second and Third Mortgage other
than with respect to the payment of principal and interest
under said First,Second and Third Mortgage.
(2) In the event Mortgagor shall fail to so comply
with all of the terms, nrovisions and conditioris of the
First.Second and '~'hird Mortgage so as to result in a default
thereunder (other than with respect to the payments of
principal and interest due thereunder after March 31,1981) 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, reccrding and filing fees, legal
fees of the attorneys for the holder of the First,Second ar.d
Third Mortgage in preparation of an assigr.ment of either
mortgage and tax,~if any, that may be thereafter imposed by
any taxing authority in connection witt~ the compliance by
Mortgagee with the provisions hereof dealing with the payment
made or to be made to the holder of the First,Second and
Third Mortgage shall be paid by the Mortgagor or any owner
of these premises when requested b~ the title company and/or
the attorneys representing the holder of the First,Seco;~d
and Third Mortgage. ''
C. (l; (a) Mortgagee agrees to pay to the holder of the
First Mortgage, the sum of $43,351.52 unpaid principal
balance of said mortgage, together with interes~ thereon
accriiing thereunder from t~larch 31,1981, as and when required
by the terms of said First Mortgage, i.e., by paying the
c~nsta;~t monthly iristallments of $647.69 provided to be paid
thereunder on the first day of each month until the Mortgagee
shall pay the entire principal of said First Mortgage and
all interest thereunder accrued and unpaid.
(b) Mortgagee agrees to pay to ~he holder of the
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