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1N PI?YMEtiT Of lAXE3
RECEIVED C 1NiA!iG16LE PE"~.N~ PROPERIY~
OllE aN CU?SS ~ TER 11.131. 1~(S QF 1971. ~
FURSIW~T TO CHAP Co. tk M-O R T G A G E `f - c~-' S"~
~R pOtiW?S. C1~ Citwlt CouA. S4 Luct~
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~/~~v Es r~Q ~fJ,9Y~.oR A•vo /IAR~~lc ~9. /~~Yc-o/1
herein "Mortgagor", whethe~ singular or plurai, in consideratian of conveyance of real prope~ty 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 Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this day of _~iQif/.
A.O. 19_Z, 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 ~/6S of VENTURE OUT Af 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 (Ghapter
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not
limited to, all appurtenances
tu
tTie 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 '
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As security for the payment of the promissory note of which the following is a copy: ~
. ~ .lKa~n Buch. Fbrid~. ~ ~/u-•--~ _ . 187~ ,
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' Z ~ For valu~ nuiwd, 1, vN, or ~ithK ot us promia~ to WY to tM ordw of 1,-
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W VENTURE OUT IN AMERICA AT ST. LUCIE, INC. .t~.nse~s" 'esnk.~~ru.~~.+~n..~,±or~da. ;
~ If tn~ s~m ot X----TN~SA9!!~_..1=G~18.!t/ll!!~412~eE~_._ F/f T S~,F/R
.N..T ~~%V--- .C?
_O!----------- - ~L Dovp?L
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, y ~ WYSbI~ in qu~l co~ptutiv~ moMhly itst~Ilm~nts of:......_...ID.Li.G3_.._ ~ath snd---.-. ./rt P.:...,•. ~IJ~Ora~cutiv~
~ i1 monthly in,3t~llmtots of S--•- -•---t2Q1.JC~...----•--..._. pch, tM fi~st inst~llma+t to b~corrn P+YSW~ o~ tM_...•--•--•----_....~.Z. .c- .dsY Q~ ;
i Q ~ ~ .c1sy of
-----------~~Q.---..... 19. 72_--- and on~ wch instNlment to b~corrN dw ~nd P~Yabl~ o~ tM--.-"-.------.~.._...-_---...
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~ ~sch succ~sdirq montA until tM vrhol~ of ssid ind~btrns is Wid, in full, with i~t~?at at tM r~t~ of 10 pK c~nt per annum ~her difwk: '
~ ~ ~I It isagt wW ttut tlm~ Is of tM Ks~nCt of tAls tontrsct ~nd tlfit In th~ lvMt Of Mtiult Inpa Ym~nt Ot ~ny Installm~nt fpr ~~)p~ 01 tAlrtY days tn~
Q {i no1AK of t~ls not~ rtqY. st fts optlon. aclan ~II tn~ r~malnM~ of satd d~bt au~ ~~d toll~tt1ON aMf anY fallur~ to ~xatls~ sald optto~+ sn~11 not constl-
€ I~ tut~ a wslver oi tA~ r1yAt to ~z~rcls~ th~ s~m~ at sny ottw~ ttm~. In tM ~v~nt of tlNault In p~yma~t oi tAls not~ snd H t~~ sam~ Is WsuA tn~ hanas
` ? I Of in ~ttorn~y f0~ GOll~ctlon, 1, w~, O~ ~itAtf Of ut, syrw to psy aU costs of co~NCtlon. InUudlny ~ fYWMDN ittOfMy~t fN. In qf~ D~Ymtnt thall not
a ~ W mad~ at maturlty, th~ mak~rs. wrttNS, and ~~dors~rs, ~otntly arM s~vMSllya~ » t0 any ~xbM1oM w r~nfw~lf wltAOUt furth~r notlce, bindl~q our-
sNves tor psym~nt hpwf, as It no ~xttnttons of tlm~ or forWaranu of paytMnt ~ad OMn mad~ o? y~ant~A.
E p 1, or w~. sna ~acn of us wh~tMr prlnclpal, wr~tY. 9w~antor, ~ndorsa. w otMr p~rty Mr~to. prM to W lolntly anA s~v~~slly Dou~d. 1. or vw. eacn
~ W futthp walw dfrtlinA, DfOtK[. a11d flOtlt~ Ot O~Ti114. pfOtKt, inA nOIFpaY?IMflt.
(t GNM Yl1~t 1M Nifld ifld iNI Of MCI1 ~y.
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~ ~ . NO.--~ - - S! - • ----L-L-..- . . . _ _ iSEAU
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~ Mo~tgagor fully warrants the title to said land and will defend the same against the lawful claims
~ of all ~rsons whomsoever, and agrees:
~ ' ' r_
~ 1.,'fo make all payments required by that note and this mortgage promptly when due.
~ i 2: 'Po 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, shali 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 Mortgagor to
comply with the agreements i?~ that note or this mortgage, including reasonable attorneys' fees and
~ title searches. The cost thereat, with interest thereon f~om the day of payment at the same rate as
specified i~ 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-
':y~ 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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f' OOCUMENTA~" STt.ti+P tA X
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