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MORTGAGE ~ ~~0~ O0~'~~
~
i
~S~r a. ~L .~a s~sa Y. iurr~.. •ii! ~
hereinafter referred to as the Mortqagor, in consideration of the prin- ~
cipal sum specified in the mortgage note hereinafter described, hereby ~
mortqages to WINDMILL VILLAGES OF AMERICA, INC., a Florida corForation, ~
.4000 North Tuttle Avenue, Sarasota, Florida, 33579, the real property
in St. Lucie Courity, Florida, described as:
UNIT NO. 93 of WINDMILL VILLAGE BY THE SEA CONDOMINIUM
NO. 1 accor inq to the Declaration of Condominium thereof
as recorded in Official Records Book 189, on pages 1887 ~
through 2007, of the Pub lic Records of St. Lucie County,
Florida, together with all of the appurtenances to said Unit,
SUBJECT TO the Declaration of Condominium of WINDMILL VILLAGE
BY THE SEA CONDOMINIUM NO. 1 as rocorded in Official Records
Book 189 on pages 1887 throuqh 2007, of the Public Records
of St. Lucie County, Florida, and .
SUBJECT TO restrictions, covenants, easements and reservations
of record,
as security for the payment of the mortqaqe note of which the following
is a copy:
r
MORTGAGE NOTE ~
~tuart , Florida, March 26th ,19 7 1 .
r^or va~ue received, the undersigned promises to pay to the order of
:ti'I~D~:~LL VZLLAGES OF A.YiERICA, INC. , a Florida corporation, the principal
Sli::• .i~ `~I: T'S~ h`e -a i' f~r. . ~ ~Y ~ ~
wit: interest rom ate at e rate o ten $ percent per annum on t e ~
' wr.~aid balance until paid at 4000 North Tuttle Avenue, Sarasota, Florida,
33579, or at such other place as the holder may desiqnate in writing, in
~ s~xty (60) ~or.t~ly payments of $ 53.12 each. The first payment shall
` ~e paya;7Ze one month from date an e remaininq fifty-nine monthly pay-
€ ~.a:.:.s s:.all be payable o:~ the sarae date of each subsequent month until
~ ~aic i:. ~ull. Each payr?ent shall be applied first to interest and the
~ :,a:.a:.ce to pr~ncipal. This note may be prepaid in part or in full at
~ ar.y ~i.:.e without penalty.
~
Y
~ any payment is not made within thirty days after it is due, the
~ e:. ~~re i:.~paid principal shall becor,?e due without notice at the option of
~ wze :o~cer, and failcre to exercise that option shall not waive the right
~ ~o exe~cise it in event of a subsequent default. In event of ~defauit in
~ ?ay.:.eat, the undersiqned will pay all costs of collection including a
~ reaso:.~le attorney!s fee. Protest is waived.
~
~
~ ~ (Seal)
~ IIERBERT L
~
~ ~~--...~~~1~~ . ~~'C_~•,.~.~~.~.~e~ _ (Seal)
_ THERESA M. KAMMEL
~
~
and agrees:
;f
~
1. To make all payments required by the note and this mortqage promptly
when due. ~
~
2. To pay all taxes, assessments, liens and encumbrances on that property #
~ promptly when due. If they are not promptly paid, the Mortgagee may
~ pay them without waiving the option to forecloae, and such payments,
ro with interest thereon from the date of payment at the same rate as
spe~ified in the note, shall also be secured by this mort_qaqe, and
~ B~o~191 858
~
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