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anastase 3runeau and Katherine druneau, his wifQ
herein "Mortgagor", Whether singular or plural, in consideration of conveyance of real property here
inafter described by VENTURE OUT IN Ah1ERICA AT ST. LUCIE, INC., he~ein "Mortgagee",andto
secure payment of the balance of the purchase price by 1llorcgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 11 th day of _ S=ute:nber _
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, described as follows:
Condominium Parcel: Lot # 40 of VENTURE OUT A I 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 IChapter ;
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not
limited to, all appurte~ances
to e Condominium Parcel described, including the limited
common etements assigned thereto and including the undivided interest in the common e!e- ~
ments of said Condominium. _
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TNIS tS A PURCHASE MONEY MORTGAGE i
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As security for the payment of the promissory note of which the following is a copy: ~
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V s.. t3,03`~.,-2(~ .la.~s.~ se~cn. F~oria,.. ___._.September 11, ~9 ?1
i ~ For value rxaived, 1, w~, w eitlwr ot us promise to pay to the ordK of
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v VENTURE OUT IN AMER ICA AT ST. LUCIE, (NC. atJensen Bsxh Bank, Jense~ BexA. Florida.
~ i; mewmot _~ight _Tnousand and Thirty-~1ine and._ 20/1W. . . . . _ • oo~ia.s.
y i~ payaWe in 59---_--_ equs~ consscutive mont?+~y instaumsnts ot S_. ~ 33.. _ ~sch and oi)~.. equal cor?secuuw ;
Q'~ montn~~ ~rmauments of S _ I34. ~33 each. the first instsllment to become Payable on tM--•----.... ...2,2M~ dav of '
Q. Nove~ue.~x . 19 71 and orx wM iostallment to bscoms due and PaVabt~ on tM __-22pCj daY of •
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Q each succeeding month until the whole of said indebtneu is paid, in full, with interat st the rat~ of 10 pe~ oH+t per annum sfter deiwlt.
W It fs ayraa0 that timt Is Of tM ess~nce of this contract an0 t~at In tM ~vMt of O~i~ult In payrtwnt Of any Installm~e?t f0~ s p~r1oA O~ t~lrty Gays the
Q AOI6QI 01 ihiS fWl~ rt1>y, it itf Op[IOI1. O~CIi?f ill thf tlTil~ldf~ 01 Sild 6~DL 01~~ ~t1tl CdIKL10N a(10 itly 1JIIUtt t0 fx~IClf~ SilO ODtIWI Shill nOt C0~1Sti•
tut! ~ w~ivl~ Of th! rlgAt to ~x~rcls~ tAe sart» at any otMr tlme. In tM ~v~nt of d~fsult In paymtnt oi thls not~ snd It tne ssm~ Is D~sceA in t~~ hanOs
i Z ' 01 an stto.ney fot collecNon. 1, w~, or elthe~ ot us, aqr~s to pay all costs Ot collKtbn, Includlnq a t~asonsOh attorn~y's iq. In ps~ DaYment sha11 not
' pe ms~e mstu~tty, the m~k~rt, suretlet, snG ~ndort~n, )otntly snd sevt~s~ly a9~N to any ~:t~e+sloru o+ rtn~wals wlthout ~urth~r notlce. Dindin9 our-
I j ; se+ves tw p~ym~nt ~~r~o1, as H no ~xte~sfons of tlm~ or forDearaou of psyrt»nt nsA DMe m~O~ w yrantW_ i
p 1, or we, antl ~ach of us wh~t~er ptlnclpst, surety, 9wrantor, ~ndorser, or otb~r p~rty n~r~to, aqrM to bs jolntly i~d Lsv~ral~Y Dou~d• 1, or we, estn 3
W ~ turther ws~vt deman~, protest, and notfct of Mmand, protat, and norrpaym~nt- _
oc Cs~ven unds: the hand snd s~al of each psrty. ~
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Mortgagor fully warrants the title to said land and will defend the same against the lawfu! claims `
of all persons whcrososver, and agrees:
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1. To make all payments required by that noie 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 paymeni at the same rate as specified in i
that note, shall also be secured by thi5 mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged prope~ty.
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 reasonabie attorneys' fees and
title searches. The cost tF?reof, 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-
tire 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.
RfCpyEp j,.~~"`-c 'L ~v
~N PAI'INar OF T,~Q ° R 199 • • ~ i37~
~~t ~pR ~AM6ll~ ~ER~r BQGK f:
" . ACiS OF 1971.
~~~ta?ft Covr~ St. luqe G. Fl3
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