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ADDGNDUM TO MORTGAGC
STATE OF FLOR I DA '
COUNTY OF MpRT I N
BEFORE ME, the undersigned authority in and for the County and State
aforesaid, personally appeared GEORGE 7HOMAS ADAMS, JR. AND
MARY O~UFFY ADAMS, hi s wi fe (°Af f iant" ) who by me first being duly
sworn, deposes and says; .
i 1. Affiant has applied for a mor~gage loan from Congress Mortgage
Corp., Inc. of Palm Beach County ("Lender") ~o finance and
~ purchase of (the "Property" ) located at 614 South 11 th Stree~ ~
F Ft. Pierce, Florida 3348~- 3~+950 j
~ i
2. Affiant un~.erstands that Lender is making the mortqage loan ~
pursuant to a commitment from the Investor to purchase the mortgage
loan from Lender.~
; 3. Af£iant also understands that Lender is making the moztgage
loan subject to preferred interest rates and downpayment requirements
; since the property will provide a residence for the Affiant; and that
~ these special terms would not be available if the property was being
~
~ purchased as an investment property. ~
~ 4. It is the Affiant who states that:
~ a) He (she) will occupy the property as a primary residence.
~ b) The property is being purchased for the sole purpose of t~ -
7 occupancy and not for the purpose of being leased, rented,
~ ar used for investment purposes.
,
' 5. In the event the Investor requires that the Lender re-purchase
the mortgage loan on the grounds that the property is an investment
~ property and not a residAnce, Lender may accelerate the payment of the
; .
{ mortgage loan, and, if the same is not paid within fifteen (15_)-days ot
!
~ Lender's notice of acceleration, Lender may declare Affiant in default
4
~ and ~nForce Lender's rights wirh appropriate legal action.
f
; 6. Further, in the event it is found that the property was
~ purchased as an investment property and not a primary re~idence, Lender
~ may accelerate the payment of the mortgage loan, and, if the same is
not paid caithin fifteen (15) days of Lender's notice of acceleration,
" Lender may declare Affiant in default and enforce Lender's rights with
, appropriate legal action. ~ ~
~ ~ ~f
-
IIORROWER Georg Thomas Adams, Jr.
1 ~ ~ ~ ~w ~
CO-BORROWER y puf dams
Sworn to and subscribed before me
this 26th day of June ,19 g7 833696 ~
s •
`~7 ,~1 30 P 3 :51
Notary Pub ic, ~.ta~e4• ~nd County
last aforesaia~,.'~ YF~~EI` . '=t~
My commission~`;~xpires f" ` por~Ar F~~~~tc s?~TE s~ r~cpT~~ OOUGLA:,.+}3 ',;-ERK
~~r co~~:;st~N ~Y~. j~t_ c.:::~~ $L LUCIE `1 i Y, FL.
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