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, ~ rORTOAO= O[<O RAMCO IORM R[•
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Ex~uted ehg lst day oj J~~ A. D. ~q 84 by
JOHN F. NIXON, III
hereinnJter called the mortgagor, to JOHN F. NIXON 811d BILLIE M. NIXON~ h~s Wifei ,`D
whose address is 1177 Bayshore Drive, Apt. 103, Fort Pierce, ,
Florida 33449
hereina~ter ca~~ t~e morfgagee: '
( Wberever u+ed 6eiein tbe urms "aa~o~r~~ aad "mortsasee" i~clude all the p~rtin to t6i~ i~trwe~t a~d de. ?ans
kltal reprnenntives and ~~m ~o~f ~ur3iriduab~asd t6e woceaon aad ~u ot corpor~tiod; ud t~e Ie~ ' wu'
iacludes aU tht aota bereis .dacribed iI sae ooe.)
, that jor good nnd valuable c~onside?ations, and nbo in eoruideration o~ the aggre-
gafe sum namecl in ihe promissory note o~ even dnte her~ewith, l~eretnalter c~escri~. the morlgngor here-
by 9~ts, 6ae+~ains, sells, aliens, remises, conveys . and conJirnu unto the morteagee all tl~e certain Iand
of which !he mortgagor ~s nou~ seized and in possession situate fn St. Lucie L`o~h.
Florida, viz:
Apartment No. 104 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 Declaratio
of Condominium and all of its exhibits, including automobile parking~
space No. 104, anc~ 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 said 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.
,
` I~ all or any part of the property or any interest therein is sold'~
F or transferred by Mortgagor without Mortgagees consent, excluding
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~ '(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
; Mortgagees may, at their option, declare all sums secured by~this
mortgage to be immediately due and payable. Zf Mortgagees exercise
this option to accelerate, the Mortgagees shall mail to Mortgagor, _
by certified mail, notice of acceleration, which notice shall provid
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 receiv
all expenses of foreclosure, including, but not limited to, reason-
able attorneys' fees and other costs. ~
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~ f THIS IS A PURCHASE MONEY MORTGAGE.
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Racei~od 8 ._~c~s~_ in Payn:ent 4f taxes
t ` ~ue On Class C iMangible Psrsonal Property,
~ - _ ~ursusnt Te Chapter 71.134. Acxs Of 1~71.
~ - .n ~-U , ; i ~ L O F( I C' ~ ROGER PORRAS
~ - ` % O _ : E N' o Y - 5 ; N, ~ ~ ~ ~ Clerk Circuit Court, St. Lucie, Co.. Fte`~
? ' r.~FI. uF YEYEhJ~ _ 3'1~..~.~ - - ~,r
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~o~x 436 P~E 992 ~
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