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Home My WebLink About0995 _ . ~ _ _ . S ` . 1 ~ •owTS~o~ ouo ~ ~ ~ RAMGO FORM Rt~ , ~ ~ ~ 1.ON~ IORM ~ . , . , ~3 . . ' 1 , ~ . ~ ~ 3 ] } 3 ~ ~ EX~cu~ed th~ lst_ da~ o~ June q, D, ~q84 by ~ JOHN F. NIXON, III ~ he?etna(ler called the mortgago~, to l~~ JQHN F. NIXON and BILLIE M. NIXON, his wife, whose address is 1177 Bayshore Drive, Apt. 103, Fort Pierce, Florida 33449 {eeieina/ter called t6e mortgugee: (VYLcterl~ uxd Atttis t6e hrdf aed •,oaeteasee,• iitlyde aH tbt p~rtiet to tii ia~ttu~e~t asd tle~lan~ kRd repreunutives aad ua~m ot ud t?e sucoeaors aed a~iq~a ot caepo~ttwM: ud ve ~e~ ' wte' iocludea all ~e notea 6eRia deuribed it¦~Y~ oae.) that ~or good ancE vn~uable c~onsialerntions. and alao in cbnstder,atlon of the a88re= gate sum nnmecl in ihe promissory nofe o~ even date ~erewitti, tierelnaf ter descri~. i~e mo~tgagor here- by grants, bar+gains, sells, aliena, remises, conveys and confirn~s unb the mortgagee alI the certnin land o~ which the ?nortgQgor is now seized and in posasssion situate in St. Lucie. Coune~?. Flo~de, ~ vtZ: Apartment No. 102 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 Condomi.nium and all of its e~ibits, including automobile parking space No. 102, and all of the tenemsnts, hereditaments and other appurtenances thereunto belonging or in anywise appertaining, and all appliances and fixtures now situate in said apartment. IThe Mortgagees reserve the right to adjust the interest on the note ~secured by this mortgage upward on the anniversary date of said note ieach year by no more than one (1) percent per year and no more than . five (5) percent over the life of this mortgage. , It all or any part of the property or any interest therein is sold.' 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 ~Mortgagees may, at their option, declare all sums secured by this mortgage to be immediately due.and payable. If Mortgagees exercise this option to accelerate, the Mortgagees shall mail to Mortgagor, - by certified mail, notice of acceleration, which notice shall provide f~r 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, t11en Mortgagees shall be entitled to receive all expenses of foreclosure, including, but not limited to, reason- able attorneys' fees and other costs. I~ ITHIS IS A PURCHASE MONEY MORTGAGE. ~ . naceivad 8-.,~c.s•~ in Pa 3(o. I Yrr.ant Of 7ax~s bue On Class "C" irttangibic P~~a! Property, ` aursuentTo Chepter 71,134, qc.ts Of :,ri71, _ ~ T~`'. T E _ ~ _ L r ^ r . . t Ao~Fa PotrRas . _ ~ n ~ _ _ • t ~ 1 A R - S ~ ; . _ . Clerk Cir It ~ T A M F ?1,'t ~ Cots~ SL lur.ie, Co:, Fla. I~ : . _ i:<<~i.c~f ~~~:cnuf~,,:~•~~' _ . - = rP =~-r?''~°~'~=~~~ 5 ~ 5 ~ ~ ~ ~ ; ~ a~ 43S P~~E 996 I~ , . . ~ _ . _ - - ~