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MORTGAGE
ARTHUR J. EITE and liAZEL F. EITE, his wife
hereinafter referred to as the Mortgagor, in consideration of the prin-
cipal sum ~pecified in the mortgaqe note hereinafter described, hereby
mortqages to WINDMILL VILLAGES OF AMERICA, ZNC., a Florida corporation,
-4000 North Tuttle Avenue, Sarasota, Florida, 33579~ the real property
in St. Lucie County, Florida, described as:
UNIT NO. 99 of WINDMILL VILLAGE BY THE SEA CONDOMZNIUM
" NO. 1 a~cox ing to the Declaration of Condominium thereof
- ~ as recorded in Official Records Book 189, on pages 1887
- ;o through 2007, of the Public Records of St. Lucie County,
_ y,o; Florida, together with all of the appurtenances to said Unit,
`v
~ E i>o~ SUBJECT TO the Declaration of Condominium Qf WINDMILL VILLAGE
a~ BY THE SEA CONDOMINIUM NO. 1 as recorded in Official Records
~
~ Book 189 on pages -188? through 200~, of the Public Records
_;~o~ of St. Lucie County, Florida, and
~ A
~ } 'y V ~ .
~ o SUBJECT TO restrictions, covenants, easements and r~servations
u ~
~ ; ~ N s ~ of record,
as security for ttie payment of the mortgage note of which the following
is a copy :
~ :~:ORTGAGE KOTE
stuart , Florida, July
r~ ,19 7 1.
r^or value received, the undersigned pro::iises to pa~r to the order of
:7~~~::~LL VILLAGES OF A,~'iERZCA, INC. , a Florida corporation, the princi~,al
s~:~ o~ Pive :i:oLSand Six F:i:.ldred an~ no/100------------------------ 5 600.00 )
wit: ~r.~erest ro:n ate at tne rate o ten $ percent per annum on t e
:::.paic ~alance u:~til paid at 4000 I~orth TLttle Ave:~ue, Sarasota, Florida,
33579, or ai such other place as the holder may designate in writing, in
s:.xty ;0'0) Mo~thly payments of $ each. The first payment shall
~e aayai~~e one :~onth fra:n date an e remaininq fifty-aine monthly pay-
-a:.~s s:zai~ be payable o:~ the same date of each subseqLent r.tionth until
?a~c ir: :ull. Each payment shall be applied :irst to interest and the
~a~a:.ce to principal. ~his note may be prepaid in part or in full at
a:.y t~.;.e wit :out penalty. ~
a:.y payment is not made within thirty days after it is due, the
~n~~rz 4~paid prir.cipal shall become due without notice at the optior. o:
ti.:ze 'r.o~cer, and failure to exercise that option shall not waive the right
;.o exe~cise it ir. event of a subsequent default. In event of default in
?ay.:.ar.t, t:e undersigned will pay all costs of co21e ' cluding a
reasa:.a:~le attorney!s fee. Protest is wa'
roc~nr~ s,~i~ ~o - iN ~txr of r~s ( Se al )
c~•E on cuss ~~rrrAncisi.E vE~o~w. r~~Rn, ~
P, af:t TO ClUIPfER 2072~, AC1`S pF 191I. AItTHtJ J. EITE
~"G F~~ I~ P,AS, Clerk ~ircuit Court ~
ds Aswf ta CANIEL N. KPtOYl+LES~ JR X ~ (Seal)
~t w4s Cru t~? T~x C01 iAZ L F. EZTE
f~~~~.'~~e~~~
DEPUnI CLERK
and agrees :
1. To make all payr.~ents required by the note and this mortga_qe promptly
when due.
2. To pay a12 taxes, assessments, liens and encumbrances on that property !
promptly when due. If they are nnt pro~:ptly paid, the Mortgagee may
pay them without waiving the option to forecloae, and such payments, ~
with interest thereon from the date of pa~ment at the same rate as
specified in the note, shall also be secured by this mortqage, and
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