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Ralph U. Larberg and~or Anna hlay Larberg, his wife
herein "Mor*,gagor", ~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 Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this ~t~1 day of _January _
A.D. 19 72 , conveys and mortgages to the said Mortgagee its succeuors and assigns the real proper
ty in St. Lucie County, F lo~ida, described as follows:
Condominium Parcel: Lot # 3 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the Decla~ation of ~ondominium thereof recorded in Official Re-
cords Book 189 at page 1677, et. seq., of the Public Records of St_ Lucie County, F lorida.
As provided for by the Condominium Act of the Statutes of the State of Flo~ida (Chapter
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not '
limited to, all appurtenances
to e 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:
. TanuarY_ 8 ~g 72
c.i =--3b~3...~Q- - ~.~s.r, s.scn, Florida. - ~ _ . :
z ',I For value received, 1, w~, or either ot us promist to psy to.the ordw of
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' - i! VENTURE OUT IN AMERICA AT ST. LUCIE, INC. atJeruen Beach Bank, Janse~ Beach, Florida,
~ l~ Three Thousand Six Hundred Thirty-three and 50/100------------------~po~ia?s.
' ~ tne wm of . . . . . - - - - - ~ - . . _
; ~ payable in . ..60 _ _ equal consscutiw monthly instsllm~nts ot 5--- .60. 56 ~A a~ . none ~a~ coraecutrvs
~ i . none 8th ~
! ~ ~ monthly ~nstallments of S.. each, the first instsllrnMt to b~cort?~ psYsbls on tM day of
.
' ~ " February 19 7?
' and one wch iratallmtnt co becort» dut and p~yabl~ on cM Sth. day ot -
~ Q ~ - _
i ~ ~
~ ~ i~ each sutceediny month until the whole of said indebtnsss is paid, in full, with intenst ~t tM nt~ of 10 per t~nt per an~um after default. ;
j ~ ;I ~t fssg re~A tnat tirt» Is ot tM ~ss~~ce ot this contract and tnat 1~ tA~ w~++t of a~isult tn psYrt+~nt o1 a^Y ~^st+um~nt for a p~rloa o1 tnl.ty days tne ~
t Q, j t~d1O~r, pi thls not~ may, at fts optlon, Wclsre all tA~ remslr?dt~ ot silA debt du~ ~nd CdIKtI W~ and anY f~llur~ to ex~rtlN sald oDtlon shall not constl-
~ ~ ~,1R~ tt ¦ wslver of tA~ ryl~t to ~xe~cls~ th~ sams st ~ny otMr tlrn~. In tM ~v~nt of A~tsult In payrMnt of tAls not~ snd N tf+e sam~ Is D~~~ed In tne hanas
~ _ i i b11ff attOrn~y (or coll~ctlon, 1, w~, O? NtMt of us, aqrN to D~Y ~~ti ot coll~ctlon. Including s tqfonsbl~ itto?My'f fN. tn us~ paYment ihs~l not
€ F 1Wa~p~ ~t maturity, th~ mak~rs, suretNS, and ~ndOrs~rt, jolntly a~d fw~?aliyiy ~N to ~ny ~xt~nslont Or r~n~w~ls wl!hout furthe? notl;.e, D1ntl1n9 our-
~ It, s~W~tlb~ psym~nt Mrw/, as If no extenflons of tlme o? torWirant~ ot piym~nt hatl bMn mW~ or yrantlA. ~
or w~ •nd exh oi us wh~t~~r prlnclpal, sur~ty, 9u~rsntor, ~ndo~r, Ot oth~r pa?ty Atr~to, aqrM to b~ Jotntly snd fw~~allY bound. 1, or we, each ~
f ~ i~ fulUf~{ wal~ demand, prottst, anA notlc~ oi a~manA, prot~st, and no~rpayrr»nt. ~
~ ~ ~j Gi4~i u~p~r the hand and seal of each psrty. ' ~ ;
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~ . .
' , `3~~hgrchill Park Louisville-, -Ky.,.. ~ -r~--.... _ - IsEe?u
~ z - - - - - - -
; ' fi - ~ : . 40220 ~a.~: ~ , , 3
~ NO. . _ _ ~ - - - ~ . . . _ . ISEAL?
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~ Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
s of atl persons whomsoever, and agrees:
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F 1. To make all payments required by that note and this mortgage promptly when due.
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~ 2. To pay all taxes, assessments, liens and ~n~umbrances 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, shatl also be secured by this mortgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
4. To pay atl 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
:a title se~1'Ches. The cest t~r~~with interest thereon from the day of payment at the same rate as
specified ~n th~t, nc~te~.shaN 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 sha{1 immediately becom2 due at the option of the Mortga-
- gee and Mortgagee may foreclose this mortgage in the manner provided by law, and have the mortgag
:~°4 ed property sold to satisfy or apply on the indebtedness hereby secured.
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~ ff828'72 _
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