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R!`IIYED ~ , o~ IN MYMENT OF TAX£s ~ / 3'
OUE ON CIASS'C INTANGIBLE PERS`~ttAL PAOPERiY~ AA c
PuNSWwt TO CHMTER 71•134, ACts oF 1971. M O R T G A G E ~`#`:~V /d-_
R06ER POIIWIS~ q~rlt prwlt Court, SL LucN Ca FL. ~ 9•~
F1oRd N_ Q:~pQpl~ id .1ei A. Rey~olds~ his wif~
herein "Mortgagor", whether singutar or plural, in consideration of conveyanre of real property here
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee",andto
secure payment of the balance of the purchase price by Mortgago~ obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 10lh day of JatlueZy _
A.O. 19~~ , conveys and mortgages to the said AAortgagee its successors and assigns the real proper
ty in St. Lucie County, Florida, described as follows:
Condominium Parcel: Lot # 175 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, acco~ding to the Decla~ation of Condominium the~eof 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 ihe Staie of F!o?ida (Chapter
711, Fto~ida Statutes 1965, et seq.), said description in this conveyance includes, but is not
limiied to, all appurtenances
t-o
iTie Condominium Parcel described, including the limited
common elements assigned thereto and includin~ the undivided interest in the commo~ ele-
ments of said Condominium.
~ THIS IS A PURCHASE MONEY MORTGAGE i
As security for the payment of the promissory note of which the following is a copy:
~ s_. 64~3,~A4.._... s..~h. Fia~a...Jaauazy_10, ~9 ?2
? For value nceived, 1, w~, or eithu of us promist to psy to tM oMK of
~ I VENTURE OUT IN AMERiCA AT ST. LUCIE, INC. stJer~senBaxhBsnk,JensenBeach, Flor~da,
~ II cne wm ot S3X 2hOttaa3td__ S1x Htndl~d Ih~tty-ths~e a~Id 90/100---------.-----------~oona.s,
- - - . .
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v~i P+Yable in ......_..bQ--------- equd c9nsecutiw martthfy irutaNrr~ts oi 5---....~~Q_•_~5.7------..._. ~sch snd _Q0~1~.......... equal consecucrv~
Q II monthiy installments of 5..--..----.I~OZ!l------------------ exh, tM first instsllmMt to b~come p~y~ble on tM..•--•---.-_.--_.--..~.~b.. day of
, J .-...~~ri~tjR ~~Z-- and ons wch irutsllmei+t to b~corn~ du~ sod p~yabl~ on tM ................_...a.QL~._. day ot -
~ ~ eacfi waeedmq month until tM whole of said indebtness is paid, in full, with inter~st at tM nt~ of 10 q+ oent per annum ah~r detsult.
~ ~t igrNd thit tlrtN IS Of tfl~ ~Sf~nt~ Ot thlS COn~f~G~ in<I lAit 111 ttN hIN1t Of af~U1L If1 p~ym~~1t Of My IIKt~11rt~Mt tOf a p~IWd Of thlrty d~yS thf
~ r,oia.r of flds r?At~ miy, at fts optlon, dscbn a0 th~ nmalntl~r of sald aDt du~ an0 coll~ctlbl~ arW any t~Ilun to ~x~rcls~ salA optlon shal~ not constl-
Z il ~ue. a warw of q~ ~I~ft to ~x~ttls~ tAt sarth at sny otMr tlm~. In tM ~Nnt of Mfault In p~ynNnt of tnlf not~ anA II th~ same If O»«d in t~~ hanAs
F~ ot an s~torr~y for cpttactlon, I, vw, or NtA~r ot us, aqrN to psy a!1 costf ot cotl~ctbn, Includlrq a r~asonabN attorntys t~e. In us~ p~yment snan not
= r' i; be msd~at rt~aj urity: tlu mak~n, wr~tlK, and ~n0ors~K, jolntly and f~v~rally~y rN to any ~xt~Mloe~s Or r~vwlf wlthout turtM~ notlce, Dfndinq ou~-
~ ~ SNvos foryayl~r*n~ If~rMt, as H n0 ~xt~ntlons of tlm! or forD~aranc! of p~ym~nt ~ad DNn m~ Or grantW.
p ~,'ar v~~, ~d ~a~h o1 uf wh~t~~r prlnClpat, su~tty, 4uarantor, enefon~r, or otM~ pa?ty Mr~to. syrw to b~ Jol~tly snd sev~rally 4ound. 1, or v,re, eacn
furtl(~ walr~ dq~nantl, prot~st, snd notic~ of ~msnd, prot~st, and non-paymN+t.
Givln under the hand snd s~al of tach p~rty.
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W ~ --~lqg Itbaca Rd.-s--Hor~hwda,...b..Y... . ~ ~ /
~ ~...~(J~! . . (SEALI
' I4845 AddrKS /
~ NO... ~6! ..~:_~Li . ISEAU
~rtgagor fully warrants the title to said land and witl defend the same against the lawful claims
of all~persons whomsoever, and agrees:
1. To make a!I payments required by that note and this mortgage promptly when due.
2:Wo pay all taxes, assessments, liens and encumbrances on that property promptiy when due.
' If~the~~are not promptiy paid the Mortgagee may pay them without waiving the option to foreclose.
• arld such paymenis, with interest thereon from the date of payment at the same rate as specified in
~ thet i^te, shall also be secured by this mortgage.
i
3. Ta commit, permit, or suffer no waste, impairmeni or deterioration of the mortgaged property.
4. To pay all expen;es reasonably incurred by the Mortgagee because of failure of the Mortgagor to
comply with the agreements in that note or this mortgage, including reasonable atto~neys' fees and
title searches. The cost thereof, with interest thereon from the day of payment at ihe same rate as f
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 agr~ement 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 sotd to satisfy or apply on the +ndebtedness hereby secured.
5, 1~A 1 t 1-~ LU F~ I U!~?
c~ ~ UOCJNfENTA~~' STAMP TpX
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p= ~ 3^i o o~~ a~oK ~59 8
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