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MORTOAOE O[EO /~~f]t+~ A RAMCO FORM RSi[
TO COIipO1tATION IItOY INDIYIpl1A? ~{+f v `L~
F.\Pfllted the
day o/ A. D. t9 ~'U 6y
MARY M. NELSON, a single woman,
hereina/ter called the mortgagor, fo F IRST NATIONAL BANK AND TRUST COMPANY OF
N i STUART, a National Banking Association,
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~ n corporation existing under the laws o/ the Stale o/ Florida with ifs permanent posto//ice
address nt P. O. Box 2316, Stuart, Florida 33494
, t t herei?la/fer called the mortgagee:
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7,::.~ IW6erevrr used htrein t)te u{{ttrm~ "tsort~a~oe asd "asorttjam•' include all tAe parties to ds imW~ent and lMe ?ein,
';irl ~~n.ae~°ali"tue'iotes 6ereiw~tkscribed isndiriMsals,~
o wccessors and assigns of corporations: and tAe tern "wte'•
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_ ~ttnessed~, that /or good and valuable consideratio?u, and also in rnnsideratton o/ the aggre-
_ gate sum named in the promissory note of even date herewith, hereina/ter described, the mortgagor here-
- f 6y grants, bargains, sells, aliens, remises, conveys and rnnJirms unto the mortgagee alI the certain land
- • ~ ~ o/ which the mortgagor is now selZea and in possession situate in S t . LuC i e County,
Florida, Vie:
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Unit No. 16 of WINDMILL VILLAGE BY THE SEA CONDOMINIUM
NO. 1, according to the Declaration of Condominium
thereof as recorded in Official Records Book 189
on pages 1887 through 2007 inclusive, of the Public
Records of St. Lucie County, Florida, together with
all the appurtenances to said unit.
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If all or an art of the
Y P property or an interest
therein is sold or transferred by Mortgagor without Mortgagee's
prior written consent, excluding (a) the creation of a lien
or encumbrance subordinate to this Mortgage, (b) the creation
of a purchase money security interest for household appliances,
(c) a transfer by devise or descent, or by operation of law
upon the death of a joint tenant, or (d) the grant of any
leasehold interest of three years or less not containing an
option to purchase, Mortgagee may, at its option, declare
I all the sums secured by-this Mortgage to be immediately due
and payable Mortgagee shall have waived such option to
~ accelerate if, prior to the sale or transfer, Mortgagee and
the person to whom the property is to be sold or transferred
j~ reach agreement in writing that the credit of such person is •
satisfactory to Mortgagee and that the interest payable on the
sums secured by this Mortgage shall be at such rate as
Mortgagee shall request.
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