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° ~ ~~~~~~I ZO~~ MOR7GAGE ~
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P.$. ~9oi i:
Gerald R. Becker and^Ruth Becker, his wife
herein "Mortgagor", whether singutar or plural, in consideration of conveyance of ~eal property he~e
inafter described by VENTURE OUT !N Ah1ERICA AT ST. LUCIE, INC., he~ein "~ilortgagee", andto
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, tiereby on this 22~d day of June,
A.D. 19 71 , 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 ~ g~_ of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the Declaration of Condominium thereof recorded in Official Re-
cords Sook 189 at page 1677, et. seq., of the Public Records of St. Lucie County, Flo~ida.
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.), said description in this conveyance includes, but is not =
limited to, all appurtenances
to e Condominium Parcel described, including the timited ~
common elements assigned thereto and inctuding the undivided interest in the common-ele-
ments of said Condominium. . -
THIS IS A PURCHASE MONEY MORTGAGE ;
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As security for the payment of the promissory note of which the following is a copy:
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i; s.... 7, 923. SO_. ,lens~~ eescn. P~o.ida. __June 22 19 71 ~
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; j For valw nceivsd, 1, vw, or eitMr ot us O~+w~ to pay to tha orda of •
VENTUR~ OUT IN qM RICA AT ST. IUCIE, NC at J~nsen B~ach Qank, Je~Sen BsxA, Flonda.
~ i~ Seven Thousand Nine Hundr~ Twenty-Three an~ S~/100
~ tf tAesumof._.......-.- Uotlars. .
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F- :i wv~we in 59 - 132 .OS one "
~n sW eQuN cor~secut~ve monthly iratalim~nts of 5----- . wch snd . . . equal tonsecutnn ;
Q! montAly installmentsof S_ ...~~z...~S... each. the fint irxtallms~t to becort» WYSbIs on tM.-•-----._ _...1.S~h- deY of :
Q ._....._...AL1S,IQS~ _ _....,19 7.1.....andonewcAirmsllmenttobecom~du~sndp~yableontM ..._..lSth dayoi
c~ j
Q ~ach succeedir?p month until the whole of said iodabtrnss is paid, in tult, witA iM~r~t at the rat~ ot 10 pN Ctnt per annum ah~r default.
W ;i It is r~ed tnst tlm~ Is of tn~ ~ss~nc~ of t~ls contrxt snd tASt in tM w~nt of dsfault 1n .
~ sq piymint o~ arfy InsU11mN1t fo~ a pulOA ot thlrty A~ys tM ;
Q ~I holder of tAts ~ot~ msy, ~t ftf optlon, Wclar~ all th~ r~m~lnd~r Ot sald Mbt du~ a~d tdl~ttlbl~ snd sny fallur~ to ~xertlt~ ssld optlon snall not constl- :
Z tut~ a wslver ot tA~ ~Iqht to lx~rCtss th~ sartN at sny otMr tims. 1~ t1~t ~vent o! dN~utt In piym~nt oI thlt not~ and It tl?~ sam~ Is plxe0 in tM hanAs
, of an ittO~My tOr COll~ttlon, 1, w~, Of ~Ith~r Of us, igrN to pay sll COStf Ot COII~Ct101?. II1CIUd111y a t~ifplNbN attOfMy'f IN. Ifl 4S~ DiYmtnt shall not ;
~ ;i bt mad! at m~turity, the mak~~f, surttbf, and tndois~n. ?olntly and se+r~rslly aqrN to aey ~xt~nsloiu Ot r~newsls wlthout twtMr notlc~, bintll~q our- i
] fNv~s fw paym~nt h~r~of, ss If no extenslons of tlm~ or forD~arsnu of p~ym~nt hsd DMn msd~ o? yr~ntW_
p ! 1, or wt, and Nch of us whtther prlnclpal, sur~ty, qu~rantor, ~ndors~r, o~ othN party ~to, aqrM to 0! jolntly snG f~v~rally Dound. 1, or yv~, eac~ ~
~t further walve Wm~nA, prot~st. and notlc~ of d~mand, Drot~st, an0 non-payrrNnt. •
j Given und~r the hand ~od s~a1 of aach prrty.
.
Z~~ 4016 N. W. 7bth Ave , Corol Springs , Sr ISEAU
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; > ~ Fla . 33065 Addr~is • '~i
' I~ NO•.. . S! _ . .v - _ (SEAII
Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
of all persons whomsoever, and agrees:
; 1. Ta make all payments requi~ed by that note and th~s mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due.
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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 th~ same rate as specified in
that note, shall aiso be secured by this morigage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
~ 4. To pay atl expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to
, comply with the agreements in ihat note or this mortgage, including ~easonable 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 +s not paid within 30 days after it becomes due, or if
any agreement in ihis morigage oiher than the agreement to make the payments is breached, the en-
tire unpaid principal balance of that note shall immediatety 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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FECEnED ~1~_5~,~_ iN y~r~~r os t~ M
OUE ON CI/tS~S prTAK6iBLE PfRS01iAl P~ipr~~try, Q R~l~l~ ~.:1~f~3~
* ~i1R$t11111T TO GMPTFR 71•131. ACi10f 3073. 60GK vv
RDGElt f'~RAII~ p~ y~R t~oi~ Oo. Fla
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