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MORTOAO[ O[[O ,O RAMGO FORM 11[~~
TO C0111011A?~ON 1110Y INOIYIOYAI + ~~r~
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6 day o/ A. D. 19 79 by .
RONALD W. MUTCH and EUNICE M. MUTCH, his wife
I~ereinajter called the niortgopw, to FIRST NATIONAL BANK AND TRUST COMPANY OF
STUART, a National Bankinq Associatfon
a corpomlion existing unc~~r the ~nws o~ ttie $tate of Florida , with its pe?monenf posfoffice
add~u at P. O. Box 2316, Stuart, Florida 33494
Rerehia~te~ ca~~ec~ fhe ntortgagM:
(WAeeever ~uad ?erei~ t4 ~eti ~•~ort~o~ ud ••sorK~~ee" i~ch~d~e all ~6e p~rtia ~o tiia i~w~e~t a~d ve isin,
iwc~h~des~ a~t6e ti~ ~ ar~w~ oI i~-ri~hub, aod 1?e wtte~wn a~d ariln+ e(. carpo~~tioe: ud t?t uA ••~o~e••
' •danibed it ~a~ thu o~c. )
~~LII~I`~ Ihat ~or good a~d ~[~bk ro.u~d..n~to?~, and a~ao in consideralion o~ t1~e agq?e-
gnte sum namec~ in l1~e promiasory nota of even dnfe 1~erewifl~, heretnn(ter descri~. l1~e mo~tgogor ~ere-
6y gtnnta. 6argair+~, sella, aliens, rembes, convsys and confirn~,t unto Il~e mortgagee all the certuin lnnd ,
o~ w~tch ttie mo?tgago? ia nou~ seizec~ and in pouesaion situafe in St . Lucie Couney,
Florida, ni:: .
CONDOMINIUM PARCEL: Lot No. 487, Section II, in that ~
certain Condominium known as OUTDOOR RESORTS OF AMERICA
AT NETTLES ISLAND, as shown by the plat recorded in the
office of the Clerk of the Circuit Court in and for St.
Lucie County, Florida, in Plat Book l6 at Pages 1:1A ~
through 1J. ~
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Mortgagor expressly agrees to comply Nitf~ each and every provision of ~
the Declaration of Condominium and all Amendments thereto of which the ~
instant unit i~s a part. This includes the provisions of the.Articles of ;
Incorporation of the condominium association, together with the provisions =
of the Condorointwn Assoc~atton'z By-Ldt~z, dnd includes, .if appltcahle, ;
tF~e~ p~*ovtst~ns of tfie Cong~ T~rm L~ase (if any) . In tf~e event of defaul t
on the part of Mortgagor in any one or more of the provisions of the
~i aforesaid Agreements, Mortgagee may, at Mortgagee's sole option, '
! ~p~la~ th~+ ~~f~~~t nn An,y Of the dfO1~~Ai~f Anrpa~w~t~, mentioned in
! this instant Article, to be a default under t~ie provisions of this
i instant Mortgage, and may further, at Mortgagee's Sole option, accelerate
; the indebtedness due and payable in full and/or seek 3udicial~remedies
i under the provisions of this instant mortgage.
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: -ln Psyment Of Tax~a
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~ purcuant To Chepter 71. 134. Acts Of /971. ~
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ROGER PORRAS
~ Gerk Circui~ Court. St~ Lucis. Co.. Fla•
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