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Exscuted the lst day ~l June A. D. 19 84 by
JAMES NIXON ~ • t1~
hereinaJter cnlled the inortgagor, to JOHN F. NIXON aIId BILLIE M. NIXON~ his Wife ~
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whose address is 1177 Bayshore Drive,~Apt. 103, Fort Pierce,
Florida 33449
hereinafte~ callecl the mo~fgagee: ~
(Wnercver med Aereia t6e terms "mortfagor~ and "aartaaScc" ieclwde all t6e p~rtia to t~is i~sw~s~t ud tie 4in.
kRd npraenutives aod ari~ea d iMM~tiduab~and tbe mccesms awd a~isu d eorpor~tioar; asd t~e ter~ •~wte••
iaclude~ aU tbe notes 6ercia dexneed d mwe oee.
~`tn~~~ tl~at /or good and unlua6le considerations, und also in c~onsl~Ierafton oj the aggre-
gate sum named in Ihe promissory note o~ euen tjate herewit~, ~e?+einaf
ter descri~, the mortgagor here-
6y g?anta, 6argnins, sells, aliens, remises, conveys and conJirnu unto ihe mortgagee all the certatn land
o~ which the mortgagor is now seized and in possession situate in St. LuCle County.
Florida. ~iz:
Apartment No. 204 of ISLAND HOUSE CONDOMINIUMS, PHASE III (BUILDING -
IX), according to the Declaration of Condominium and all exhibits
thereto dated May 9, 1984, recorded May 10, 1984, in~Official Record
Book 431 at pages~1827 through 1903 of the public records of St.
Lucie County, Florida.
TOGETHER with all of its-appurtenances, according to said Declaration
of Condominium and all of its exhibits, including automobile parking
space No. 204., and all of the tenements, hereditaments and other
appurtenances thereunto belonging or in anywise appertaining, and
all appliances and fixtures now situate in said apartment..
The Mortgagees reserve the right to adjust the interest on the note
secured by this mortgage upward on the anniversary date of $aid note
each year by no more than one (1) percent per year and no more than
five (5) percent over the life of this mortgage,
,
• If all or any part of the property or any interest therein is solcl
~ or transferred by Mortgagor without Mortgagees consent, excluding~
~!(a) the creation of a lien or encumbrance subordinate to this mor~-
(gage, (b) a transfer by devise or descent or (c) the creation of a•.
purchase money security interest for household appliances, the
iMortgagees may, at their option, declare all sums secured by this
imortgage to be immediately due and payable. If Mortgagees exercise
; ~this option to accelerate, the Mortgagees shall mail to Mortgagor,
i (by certified mail, notice of acceleration, which notice shall provide
~ for a period of not less than 30 days from the date the notice is
; mailed within which the Mortgagor may pay the sums declared due. If
~ the breach is not cured, then Mortgagees shall be entitled to receive -
I all expenses of foreclosure, including, but not limited to, reason-
~ able attorneys' fees and other costs.
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` ! THIS IS A PURCHASE MONEY MORTGAGE . Race'nred 8.1~ In Payment Of Taxes
' ~ Due On Class "C" irttangiblc P~sonat Froperty,
° I ~ursuant To Chepter 75,134, Acts Of :~71.
~ ~ ROGER POtTRAS ~
~ 1 ( ; } ~ t_: ~ s ; ^lers- Cirr,:i~ Cnu?t. St. Luc~e. Co., ~lz.
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