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=FEB-8'72 = MORTGAGE ~
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Gllis R. Smolik a~d ~velyn May Smolik, his wife
herein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herei~ "Mortgagee",andto
secure payment of the balance of the purchase price by A4ortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 12tn day of Auc~ust _
A.D. 19 71 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper ;
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ty in St. Lucie County, F lorida, described as follows:
Condominium Parcel: Lot f1 ~1 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 Couvty, F lorida.
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 tFie Condominium Parcel described, including the limited
common elements assigned thereto and i~cluding the undivided interest in the comrrzon ele-
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promisso~y note of which the following is a copy:
. 8 703. SD ~e~s.~ s.scn. Fio?~a.. Au9u.st. 1? _ ~9 71
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for vslue rxeiwd. 1, we, or ~itMr ot us promise to psy to ths ord~r of .
`L !I VENTURE OUT IN AMERICA AT ST. WCIE, INC. at~eruenBeacfiBaok,JensenBeacA, Flor~da,
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~ tn. ~,mof . --Eight---Thousand_.S.e~en .Hun.dxed---and---Thr,ee...and._ 5~/lOQ... . . ooua.s.
N i~ payabfe in --._---59---..---- squal coruecutivt monthly instaum~nts of 5.---..~.4S~..OS--..-- ~ach and... ._...._QR@__-__ equsl consecutiv~ ;
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, 'i monthly i~taUrnents of S---..~.45 _.5.~.. - each, the first instsllrtrnt to b~cwrN paYabl~ o^ tM--•----..... .-.IZ.t~l-. . day ot ~
a II
a ; ...~?ci.cber. .19 ..7.1... andonewchinstallmenttobecom~dw~ndpayabl~ontM-._.-.---_---J.ZIh._._..._ . dayot
~ ~ oach succaedirg mooch un[i1 the whole of said indebtness is paid, in full, witA inte?at st tM rse~ of 10 per cenrper annum aftar defaul[.
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` ~ i1~ It iS agresd that ttmt If of th~ Ks~nc~ of thli Contract anA that In tM ~v~nt Of a/~ult In paYm~nt Of ~ny tnft~llm~nt iOr i p~~lo0 O~ I~IKy diyt th~
Q t+Olar Of thts not~ may, at its optlon, dscla~t all ths ramalnd~r of ssld Mbt du~ snd coll~ctlbN and anY tallur~ to exerclt~ sald oDtlon shall not co~stl-
ny a r~~sonsa• atcom.
~ Z j~ oftsn I OfM~/ 101 COIIK~IO ~1, vw or ~Ithar oi us~ayg N~to D~Y of o/~ctbn. Incl dl ~t of thls nott and y s fN n use O Yme~t shatl r?ot
j ~ ; be ms~~ at msturfty, the mak~rs, suratles, and ~ndors~rs lolntly and straally s9rM to any ~xt~rWoin or r~oewals wltA t turt~~r notlc~. Dlnding our-
i ~ sNves fo~ D~Ym~nt hKwf, as tf no ~xtenslo~s of tlme o? forbun~c~ ot psym~~t ~sd DMn m~W w y?sntb.
1, o~ w~, anC ext? 01 us wMth~r prt~clpal, sur~ty, quarantor, ~ndots~~, o? otA~? party Aerlto, agrN d 1 unA. 1, or we, esth
E W li furth~r walv~ ~m~nd, protest, and notlt~ of Mmand, prot~st, and non-payrtN~t.
' Q j; Given u~ the hand and s~sl of each party.
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~ Mortgagor fully warrants the title to said land and will defend the same against the lawful claims f
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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
x that note, shall also be secured by this mortgage.
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~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
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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
~:.a 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 optior~ 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.
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