HomeMy WebLinkAbout0852 21~~~0 ~ 1
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MORTGAGE -
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Irvan A. Fredericks and Beverly J. Fredericks. his wife
herein "Mortgagor", Whether singular o~ plural, in conside~ation of co~veyance of real property here~
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee", and to ~
secure payment of the balance of the purchase price by Mortgag~r obligated to be paid, as evidenced ~
by promissory note fully identified herein, hereby on this 22nd day of __~u~e
A.D. 19 71 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper
ty in St. Lucie County, F lorida, desc~ibed as follows:
Condominium Pa~cel: Lot ~ 95 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the Declaration of Condominium thereof recorded in Official Re-
cords Book 189 at page 1677, et. seq., of the Public Records of St. Lucie County, Florida.
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
71 t, Florida Statutes 1965, et seq.1, said description in this conveyance includes, but is not
limited to, all appurtenances
to e Condominium Parcel described, including the limited
common elements assigned thPreto and including the undivided interest in the common ele-
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the follo~ving is a copy:
~ 7' 782.1U J~tt~e 22 71
cj _ . J~rwn B~~ch, Florid~. . . . . 19.
2(~ s For wlw r~ived, 1, vw, or ~itMr of us promis~ to p~y to tM wdu of
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v'~ VENTURE OUT IN AMERICA AT ST. IUCIE, INC. at~•r~+s«cn~.~.~ne..cn.F~o.~d..
~ Seven Thousand_ Seven Hundred Eight~r T\wo and 10/100. ..._t.~ • oais.s.
~ I, the sum of
y j~o.yaa•~n....35_._.._ ._......w+aicor,~cutNemo~cn~y~nscsnm.~+uott......216.16 ._.__...cna~+d....__one. eQ1,,~~o~sea,e„?.
Q li montnty ~~sta~iments of S__216 . SO each. th~ tirst instaumK+t to b~com~ P+v~bN on th~._...----._..lOth.. . _ dsy ot
Q . ...AugUSL 19 7.1. and on~ wch inatallment to b~tom~ dw ~nd {'ayabl~ on th~ ~ l~th--- _ dsy of
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Q sach wccesdinp montA until the whole of ssid indebtn~as is paid, in full, with intK~st at tM nt~ of 10 p~r ant pN snnu~n afta d~fsult.
W ! It IS~g tNd that time Is ot th~ ~ss~tft~ of tt?If tont~att and th~t In tM tvMt Of Wfault In p~ynNnl Of ~ny Inft~llmMt /p i pN10A OI tAl~ty ayf tM
Q ho1AK of tMS not~ may, at fts optloo, ~clare sll th~ r~malndn of sald dbt Qw Md cWIKtION ~nd snY fallun to exptlt~ fild optlon shs11 not cooslt•
Z tuH ~ walv~~ ot th~ r{gAt to ~x~rclf~ th0 t~rM at any otAe~ tlrM. in tM ~v~nt Ot d~hult In piYrtNnt Ot tAli AOb ~nd if th~ fim~ IS pIK~A in tA~ AinOf
~ of an attorney for toll~ctfon, t, w~, or NtMr of us, aqr~e to O~Y ~osts of tolNttbn. Includlnq s r~asonsDN atto~n~y'f IN. In pH psymtnt sAall not
~ p~ maM at maturity. the mak~rt, suretl~t, and ~nAorf~n. Jolnlly snd Mvwally rw to ~ny ~xt~nslorK w~tn~wals wltnout furtM? notlc~, bintliny our-
~9 K
~ s~lv~s tor psymMt n~rMf, ss If no ~xttmlons Of tlm~ or f~?Deara~u of paym~nt had DMn maa M yrmtW.
p 1, o~ w~, antl ~ac~ ot us wh~tn~r prl~tlpal, sur~ty, yusrantOr, ~ndors~?, or otA~r party f?~r~to, aqrN to D! jot~?tly and sev~~ally Dound. 1, w wt, eacN
W fu~th~r waiw d~m~nA, probst, and notit~ Ot dtm~nd, prot~ft, aod noo-payrtMnt. 7
? G~vt~ under the hind and spl O} Nth p~RY- ^ ~ 7
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~ ; . . . .6.11 N . _ W . 45th Avenue, Poopano, Fla . _ ...~~G-~G~~~~ ~sEAu
; > ~ 33063 Adar~ts . '
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~ ` NO... _ _ _ ISEAU
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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:
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 secu~ed by this mortgage.
3. To commit, permit, or suffer no waste, impairment o~ 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 note 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. ;
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~ ~ 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-
~ tire unpaid principal balance of that note shall immediately become due at the option of the Mortga-
~ gee and Mortgagee may foreclose this mortyage in the manner provided by law, and have the mortgag-
~ ed property sold to satisfy or apply On the indebtedness hereby secured.
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~ooK~.95 ~ 850
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