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File X2605
MORTOAOS O<[O A /'Q~~~
Y'~V RAMGO FORM Rt~i
TO COA~OOATION ?110Y INOIYIOYAI
{
' Executed the day of G~If,~.~-v A. D. 19 7 p by
RICHARD L. HURRAY and KATHBRYN R. HURRAY, his wife ~
hereinafter celled the mortgagor, to FIRST NATIONAL $ANK AND TRUST COMPANY OF
STUART, a National Banking Association
a co?po?ation existing under the laws of the $fate of Florida ~ ,with its permanent postoffice
address at P. O. Box 2316, Stuart, Florida 33494
hereinafter called the mortgagee: '
IWbefevee wed ~ereu fie fermi sad "fAOetsejf!" itrclyde ap t4 parties to t?'a irtneest er+d t4 [,elec.
IeRel repeseautivfa cord ~r of ~~ud tM a~ooe~on awd ariRw of carporuiow; aid ds Nra ••~o~e••
inrhfdes aN t6e twsa ~eeeb 4l~eribld i/ loft opt.)
~~~nessebt, that far good and aaluabb considerations, and also in con,idernfion of the aggre-
gate sum nnmed in the promissory note of even date herewith, hereinafter described, the mortgagor here•
by grants, bargains, sells, aliens, remises, rnnveys and confirms unto the mortgage[ all the certain land
of which the mortgngor is now seized and in possession situate in St. Lucie County.
Florida, t~iz:
CONDOMINIUM PARCEL: Lot No. 1296, Section II, in that
certain Condominium known as OUTDOOR RESORTS OF AMERICA
AT NETTLES ISALDN, as shown by the plat recorded in the
11th'?~ office of the Clerk of the Circuit Court in and for St.
Lucie County, Florida, in Plat Book 16 at Pages 1: 1A
5 4 6 _ ~ through 1J .
',m ~~~-i Mor-tgagor expressly agrees to comply with each and every
j ~ tIU °3D provision of the Declaration of Condominium and all
~ ~ _ ~'z--i Amendments thereto which the instant unit is a part of.
~ ~ ~~.~(jj This includes the provisions of the Articles of Incorporation
Tim of the condominium association, together with the provisions
~ of the condominium association's B {
. - ~ y-Laws, and includes, E
if applicable, the provisions of the long term lease (if
~ any). In the event of default on the part of the Mortgagor ,
g ~~;,~``t.+(~' in an one or more of the rovisions of the aforesaid
[ ~ t f Y P ~
r ~~J~j agreements, Mortgagee may, at Mortgagee's sole option,
~ i~,+! declare the default on any of the aforesaid agreements
~ to iT--
mentioned in this instant article to be a default under
~ ° the provisions of this instant Mortgage, and may further,
a at Mortgagee's sole option, accelerate the indebtedness
R ~ ~ - due and payable in full and/or seek judicial remedies
~ under ,the provisions of this instant Mortgage.
€ RECE1yEp =_o
, o _o_
fR PAYItENT ~ Tii~ -
t1ttE 8N CLASS 'C' INTAIIS'BLE PERSaliAL ptp~~
v PURSUANT TO LNAPTE~T Tt-134, ACiS Af
ROCER PG~TRAS -
i
CLEAR ~ Ct~tT, Z7 LtICE qr ~
If all or any part of the property or an interest
therein is sold or .transferred by Mortgagor without Mortgagee's
prior written consent, excluding (a) the creation of alien
or encumbrance subordinate to this Mortgage, (b) the creation
of a purchase money secarity 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
s' all the sums secured by-this Mortgage to be immediately due
and payable, Mortgagee shall have waived such option *_o
accelerate if, prior to the sale or transfer, Mortgagee and
the person to whom the property is to be sold or transferred
a 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~
e hortgagee shall request.
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