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MORTGAGE
~14399 ~
Aubrey C. Jenkins
herein "Mortgago~", whether singular or piural, in consideration of conveyance of real property herc-
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee".andto '
secu~e payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 2nd day of _ June
A.D. 19 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. Lucie County, Florida, described as follows:
Condominium Parcel: Lot A~ ~ of VENTURE OUT Af ST.'LUCIE, INC., a Con-
dominium, according to the Declaration of Condominium the~eof recorded in Official Re-
cords Book 189 at page 1677, et. seq., of the Public Records of St. Lucie County, F lorida.
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.1, said description in this conveyance includes, but is not
limited to, all appurtenances
to
tFie Condominium Parcel described, including the limited
common elements assigned thereto and includi~ the undivided interest in the common eie-
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE
As security fo~ the payment of the promissory note of which the following is a cQpy:
~ s...1..~.280,,00......_.. ~+e..a?.F~o~b......_....June. 2...--~' . ~aZl.._
proma+ to p~y to tM adK of
? Fw vslu~ r~ceivsd, I, v~, or *itMr ot us
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VENTURE OUT IN AMERICA AT ST. LUCIE, INC. at~~rw~e~scnBanic,Jens~nR~sch. F~o.~.
c~
~ tMaumof Seven.--Thousand.,._TM!4..Hundr~d-.~i.g.h..tY..And_.n4l.l.QQ--.--.----,--.---.-.-_--.--.^-.--.--.-_... Da~an.
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~ ~i pay~el~ ~n one . . ~o~~N. ~Mn~„ ~~aum«~a ot i_..7s. . . e~cn and pu~ eons~cut~w
" ~$(1 QQ ~
~ monthly instNlrtwnts of s--._-~~~_-~.-----_--,--.. pch, th~ first ins[s1lrtNnt to b~cortN payabh o~ th~.---~~~1..... dsV of
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a ~CH11ber ts 71 ~nd on~ wch iost~Um~nt to b~com~ dw.~d p~y~bl. on tM . My o1 ~
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Q ~E ach suoe~sdinp month until th~ wlwle of said ind~btnas is piid, in full, with i~nK~st ~t th~ nb ot 10 pa ant pK a~nurn ~h~r dtf~ult.
~ i It Is~t Nd that tlrt» Is of th~ ~nc~ of ibls cw~trsct and tt?at In tM w~nt of afault In p~ym~nt of ~ny I~Ktaflm~nt for i paloA of t~lrty O~ys tM
Q ~o1CM Of thlf not~ may, at Itf optlon, dKl~~~ ~II th~ tfm~fn6N Ot fild Mbt Ou~ and COIIKtIDN i~W Nly f~llu~~ t0 ~xNtlf~ 1iW optlW~ sh~ll not tOnsti-
? otta~ t orMy lo? CO IKtlOn~l ~W~. Ot NtMr
of uf~sYyr~N to P~Y a 1 t~ts
Of o~Nct~bn 1t
I~nu
~ma~t
o~~ atta Y'i pi
~~casi
D ym~nt snaii,r+ot
' ~ D~ rtUN it m~tu~lty, tM msk~/f. sw~tNf. ~nd ~iWo~~f,, ~olntly ~~M fMM~llya~? N t0 ~Ay ~xt or r~w~s wltnout tunnK not~, Wndlnq ou~-
~i ~ fNvK for piymfnt 1?t~~Of, af If n0 ~xtNlilonf of tlrM O~ forDSiqllc~ Of p~ym~nt hsd pNn M .
` 1, or vw. anC ~act? ot uf wh~tMf prlntlp~l. fufNY. 9~~rantor. ~odors~r, or ot1~N pa~tY ~to. t D~ lOlntly nd s~vN~lly Dound. 1, Or vw. ~ath
i ~ i; turthar walw WmanO, protKt; and nOtIC~ ot Wmand. prot~ft, u?d nOo-WyrtNnt.
! s Giv~n undN tht hant~+nd srN Of wch party
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Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
~ of all persons whomsoever, and agrees:
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1. To make all payments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due.
If they are not promptly paid the Mortgagee may pay them without waiving the option to foreclose,
and such payments, with interest thereon from the date of payment at the same rate as specified in
that note, shall also be secured by this mortgage.
3. To commit, permit, or suffer ~o waste, impairment or deterioration of the mortgaged property.
~ 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to
~ comply with the agreements in that ~ote or this mortgage, including reasonable attorneys' fees and
~ title searches. The cost thereof, with interest thereon from the day of payment at the same rate as
~ specified in that note, shall also be secured by this mortgage.
~ 5. If any payment provided for in that note is not paid within 30 days after it becomes due, or if
~ any agreement in this mortgage other than the agreement to make the payments is breached, the en-
ti~e unpaid principal balance of that note shall immediately become due at the option of the Mortga-
~ gee and Mortgagee may foreclose this mortgage in the manner provided by law, and have the mortgag-
ed property sold to satisfy or apply on the indebtedness hereby secured.
- ~ aK195~~ 848
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