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i~ MORTOAOt DLCO ~~~"'~O ~ M ~
IONOI011M THIS IS A BALLOON MORTGAGE AtlO TNE FINAL PAYME~T OR"1'q~ ~~L~F~ t
~;DUE UPON MATURITY.IS $73,000.00 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL !
~;ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS OF THIS MORTGAGE. /
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f:XPfU~P~ IhP .loy oi ~~?l~l~ . A. n. ~979 6y ~
II K~th P. Ray and Pntt~y J.LaFache .C.
~!a New York professional Corporation• ~ !
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herpinafler ca~~ec~ fl~e mortga{~or, fo
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First National Bank and Trust Company of Stuart, a National E
i! Banking Association
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liereina(fer callp~I 1{ie mortgagee~: ~
iI (N'hem:r uxd henia the terms "nwrtRaRor.• an~ "mortRatee•• iaclude all tbe parlie+ to ~Itiw imtruoeat ~sd tbe 4in,
~ le~al repre.enuti~es and aniRm ot iadiridwl+. a~d ~Ae wc~e~..KS awd auiRw of cwporatiows: a~d t6t te~a ..aote••
includrs a11 the nutn 6ereia de+rriAed il more tAa~ one.)
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~l`n~e~~ lhal ~or floocl and !'~Il1A6IP rnnsiderolimis, and a~so ~n considernlton o~ Ihe aggre-
gafe sum nnmec~ in I~P promissory notp of e~~ei~ c~ate I~ereinit~, hereinaffer descri6ed, ttie mortgagor tiere-
6y ~?ants, hargains, sc>~~s, o~iens, remises, conveys an~ con~irms ~uifo fhe morlgagee nl~ f~~e cerfnin ~ant~
. o( u~ht~h Ihp morl_ya~~or is noua seizPC~ anc~ in possession sifuale in St. Lueie County,
1=~orida. ~~iz: _ .
That Certain Condominium parcel composed of Unit No. 701, and an
undivided share in those common elements appurtenant.thereto, in
accordance with and subject to the covenants, conditions, restric-
tions, terms an~ other provisions of that Declaration Qf Condomin-
ium of HUTCHINSOrI ISLAND CLUB, a Condominium, as recor3ed in
Official Records Book 254, page 2128, etc., and all amendments
thereto, all in the Public Records of St. Lucie County, Florida.
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Mortgagor expressly agrees to comply with each and every provision of ~he
Declaration of Condor~ir.ium and all Amendr^ents thereto of which the instant
unit is a part. This includes the provisions of the Articles of Incorporation
of the Condominium Association, together with the provisions of the Condominium
` Association's By-Laws, and includes, if applicable, the provisions of the Long '
Term Lease (if any). In the event of default on the part of Mortgagor in any
one or more of the provisions of the aforesaid Agreements, Mortgagee may, at
Mortgagee's sole option, declare the defaul~ on a~y of the aforesaid Agree-
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ments, mentioned in this instant Article, to E2 a default under the provisions
i` of this instant Mortgage, and may further, at t!ortgaaee's sole eption,
' accelerate the indebtedness due and payabl~ in full and/or seek judicial
; remedies under the provisions of this instant mort5age.
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In PaYment p( T~
Oue•On Ctass ••C•. IntanBible Per~~~ ~
~ ~?s~ant Tp Che ter 71, ~ a! Prop~.
° p Acis Of 1971,
~ ROGER POI TRr~S
~ ~e+A ~~rCUiT COUrt. St. luC~e. CO., F~j~~
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