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MORTOAa[ O[[O RAMCp rORM qE,O
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. TO C011~011ATION 1110M INOIVIOVAL 4~51
/ -
Ex~~~r~l ~hP 26 ~ day o/ June A. n. ~q 79 6y
CHARLES R. EICHACKER and JO ANN EICHACKER, his wife,
hereina~fe~ callecl II~e morfgnpor, to FIRST NATIONAL BANK~ AND TRUST COMPANY OF
STUART, a National Banking Association,
a corporalion exiating unc~er ftie ~awa o( ttie $tafe oJ Florida , u~ith ifs permanent posto(~ice
add?e:s a~ Post Office Box 2316, Stuart, Florida 33494
hereina~ler cnlled the morfgagee:
(WAerevtr u+ed Aenin ~6r urms "e«tiaSa•• asd ••mortsa~e•• ierludr all tAt puties to t?is inswsewt a~d t4 ?ein.
IeR:I rep~ese~ptires awd aw~w d isdiridwh. aad the wcce+~or~ and a~iRU ol ewpor~lion+: awd tlie teri ••wte••
inch~des dl t6e wta ~erei~ de~rribtd if ~ore ~Aan oee. ) -
~`~e~~ Il~at for goocl anc~ vnlua6le rnnsiderafions, and also in consideralion o/ the agqre-
gale sum named in ll~e promissory note oj pven dafe herewilh, hereina~te? descri6ed, the more9agor F~ere-
6y grants. bargains, sells, aliens, remises, conveys and conjirms unto fhe morfgagee all t6e certain lnnd
o~ which t~e mortflaflor is now seizec~ and in possession sifuafe in $t. Lueie County.
F~oric~a. viz:
CONDOMINIUM PARCEL: Lot #922 of VENTURE OUT AT INDIAN
RIVER, INC., a Condominium, according to the Declaration
~of Condominium thereof recorded in Official Records Book
201 at Page 1402, et seq., of the Public Records of
St. Lucie County, Florida and Amendments thereto recorded
in Official Records Book 225, Page 809, et seq., and
O. R. Book 226 at Page 393, et seq., of said records.
Mortgagor expressly agrees to comply with each and every
provision of the Declaration of Condominium and all
Amendments thereto which the instant unit is a part of.
This includes the provisions of the Articles of Incorpora-
tion 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 j
lease (i€ any) . In the event of default on the part of
the Mortgagor in any one or more of the provisions of the ~
aforesaid agreements, Mortgagee may, at Mortgagee's sole ~
option, declare the default on any of the aforesaid agree- ~
ments mentioned in this instant article to be a default !
under the provisions of this instant Mortgage, and may i
further, at Mortgagee's sole option, accelerate the in- ~
~ debtedness clue and payable ir, full and/or seek judicial (
; remedies under the provisions of this instant Mortgage. I
~ _ _
~ M, If all or any part of the property or an interest therein ~
' ~ I is sold or transferred by Mortgagor without Mortgagee's ~
~ prior written consent, excluding (a) the creation of a lien j
: _ 1~t or encumbrance subordinate to this Mortgage, (b) the creation j
' of a purchase money security interest for household appliances,I
; ~,.~:'~•};~•;a (c) a transfer by devise or descent, or by operation of law ~
d`~' u on the death of a i
; ..4,...,.; p joint tenant, or (d) the grant of any •
leasehold interest of three years or less not containing an ~
~ . i ~ - ~
~ ~1"= option to purchase, Mortgagee may, at its option, declare
~ " all the sums secured by this Mortgage to be immediately due ~
, : _
` i•.~~~ and payable. Mortgagee shall have waived such option to
~ -<<+ accelerate if , prior to the sale or transfer, Mortgagee and ~
; a:4 the person to whom the property is to be sold or transferred (
F.~.,; 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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