HomeMy WebLinkAbout2176 MORTOAGE OE<O / I
RAMCO FORM R[J8
TO COIIMIIATION I110Y INOIVIOUAI
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Expcut~l ~hp 22nd ~ay ~J March A. D. ~9 7a,6y
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JOHI~i C. ALLEN and LENORA B. ALLEN, his wife,
hereinajter called the mortgaflor, fo COMMERCIAL BANK OF VERO BEACH,
a corporation exiafing unc~er Ihe ~aws o~ itie $tale oJ Florida wifti ifs permanen! posfo(~ice
address at P. O. Box 2767, Vero Beach, Florida 32960,
tiereinafle~ cnllecl fhe mortQagee:
( WArrever u+ed he~eu t!m tenu "mwt~ya~ ud "~ort~ane" i~clude all tbe p~rties to t~ia i~swme~t ud t?e ?ein,
IeSal rrpre~eau~ivca aad a~ ro o( iad~vid~ae. ud tle succeaon aed aeism oI corpor~tioas: a~d tAe tere ••wte••
includes all ~Ae eotd 6treis desctibed il oore t6aw oee.l
~~~e~~ tl~at f
or good and valunble considerations, nnd a~so in co?uideration oJ the agqre-
gale sum named in t1~e promissory note o/ euen date herewith, hereinnjte~ desc?i6ed, the mortgagor here-
6y grants, bargains, sells, aliens, remtsea. conveys and con f irms unto the mortgagee nll the certnin land
o! w~ich the mortgaflor is now seizec, and in possesaion situnte in St . Lueie County.
Floridn. uiz:
Lot 218, Section II, in that certain Condominium known as
OUTDOOR RESORTS OF AMERICA at Nettles Island, according to
plat of Nettles Island Project, Plat Book 16, Pages 1, lA
through 1J (both inclusive) and Declaration of Condominium,
Official Record Book 186, page 2720, as last amended,
Official Record Book 192, page 820, all as filed for record
in the office of the Clerk of the~ Circuit Court, St. Lucie °
County, Florida, together with (1) an undivided 1/1585th
interest in those lands designated by said Plat and -
Declaration (as amended) as common elements and limited
common elements; and (2) all tenements, hereditaments and
~ appurtenances thereunto belonging or in anywise appertaining.
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~ ~ ~ ~ IN PAYk1EM Of ?AXfS
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~ PURSUANT TO CHAP"FQ 71•13~;. ACiS r,F 1Sl±~l~~~~
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CLERI( CIR('.UIT I:U~di, w.~c ::L~.
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~ Mortgagors covenant and agree that if a conveyance should be _
made by the Mortgagors of the premises above described, or
~ any part of them, without the written consent of the Mortgagee, :
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and without assumption in regular form of law by the Grantee ;
- of the obligation to the Mortgagee created under this mortgage, $
- then, at the option of the Mortgagee and without notice to the
: Mortgagors, all sums of money secured shall become due and
payable and in default immediately and concurrently with the
conveyance whether or not they are due and payable and in
default by the specific terms of this mortgage and the note ~
- secured th ereby .
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