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DUE OM CtASS 'C ENTAMGI@lE PERSO?1A~, pOF tAXp 2~~4'~~ +
c~?~,suµr io c?+~r~ n•i~. ~cts of is~~TM~ M O R T G A G E
/~6ER Po1tRAS~ q~+t C+rwlt Q°u~L ~ tuoi~ Ca,, q~
Millard R. James and t~lice L'. James, 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., herein "Mortgagee", and to
secure payment of the balance of the purchase price by Mo~tgagor obligated to be paid, as evidenced
by promissory note ful~y identified herein, hereby on this z7th day of _ December
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 # 8'7 of VENTURE OUT Af ST. LUCIE, INC., a Con-
dominium, accvrding to the veclaration of Condominium thereof recorded in Official Re-
cords Book 189 at page 167~, 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
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 including the undivided interest in the common ele-
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE ~
i
As security for the payme~t of the promissory note of which the following is a copy: t
i
~ j s7_,312.,ZU_._.._._. ~e~seace.Fio~d•.....-----..December 27., ~~1
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? For value nc~ived, 1, vN, or either ot us Dromis~ to psy to tM order of
i VENTURE OUT IN ~MERICA AT ST. LU~IE N . stJeruen8sschBank JensenBexA Flonda.
_
~ Seven Thonsand Thzee Hun red nvelve and O/~O
.
~ ~ thesumof - . - ~ Do11ars
. - . b0 . 121, t37 none
~ ; pa~ebls ~n . _r!O eco~sscutive monthly ~~atallm~nts of t---.------.•-.. txh and. _ lOt h _ ~"a1 consecunw
r- ~I mootht~t irtsts'.Iments of S esch, the tirst installmsnt to b~conw paysbl~ on tM dav of
4~ F~bri~aiy lOth
~jt.• i --.._._--._........,19._72._..sndonewchirutsllmenttobscom~dwsndWYabl~onthe..._ - dayof
i
V esch ~ mo~th until the whole of said indebtness is Wid, in futl, anth int~rat at th~ nt~ of 10 per cent pe~ snrwm sft~r default. ~
~ I ~ ~°~d. '
~•i ,yt IS Nd t~~~ tlme IS Of th~ ~Sf~nc~ Ot thts contratt ind th~t In tM fvMt Of Wf~ult In piY~~t Of ~ny (nstallmMt fpr a p~~lod 01 thlrty AayS th~
, Q Vft hol h1{ qot~ may, at its optlon, aclar~ all lh~ ramalnd~r of sald Nbt Au~ a~d cW1~ctIW~ ~nd snY /allur~ to ~x~rcla sald optlon sns11 not constl-
~ ~ut~ w~ie~ Of th~ ?Ight t0 ~xfrClsA the fam~ at any OtMr tlms. In tM ~v~nt Of d~f~ult In D~Y~~t Of tA1s nOt~ snd if th~ fimt It D~~~ed In th~ hands
Of sn attor~ fo? tollectlon, 1, w~, w ~It~tr of us, aqrN to pay s11 costs oi colNCtbn, I~ctudlny s r~lwnsbl~ attorn~y's IN. In cas~ PsYment snsl~ not
~•.~l~ Ea)nad~ St maturity, the mak~n, sur~tl~f, and ~ndors~n. 101nt1y anA f~vt?atly agrN t0 anY ~xt~nSlOrlf M ftn~w~ls wlthout turt~tr nOtlt~, DtnAing our•
JJ fNN~s fprpaymsnt h~rwi, as N no ~xt~nflons of tlm~ or TorD~arance ot paym~~t hW DN~ msW or qrant~d.
• ~'pr-~, and ~ach of us wh~t~~r prlnclpal, sur~ty, 9uars~tor, ~rWo?s~r, or otA~r party 1?e~~to, aqrN to be ~olntly and sw~rslly bounG. 1, or we, esc1~
V tWt~~; wai~edemsnO, prot~st, and notlc~ ot Wmand. Orot~st, and non~psymsnt.
¢ ~ C~~(pn~o'r~r the hand and snl of esch p~rty.
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_
, ~ ~I 4~r)4 Addr~ss
[ NO... S~ - ~ - • - . . . ISEALI
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~ Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
A 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 promptty paid the agee may pay them without waiving the option to foreclose,
~ and such payment~, witFt,ii~tarest'~~n from the date of p~yment at the same rate as specified in
~ that note, shall also be secured by this mortgage.
~
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
~
= 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the M~rtgagor to
comply with the agreements in that note or this mortgage, including reasonable attorneys' fees and
title searches. The cost thereof, with ~nterest thereon from the day of payment at the same rate as
4s 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
y= any agreement in this mortgage other than the a~reement to make the payments is breached, the en-
iire unpaid pri~cipal balance of that note shall immediately become due at the option of the Mortga-
_ gee and Mortgagee may forecfose this mortgage in the manner provided by law, and have the mortgag-
~ ed pro~iy sold to satisfy or apply on the indebtedness hereby secured.
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