HomeMy WebLinkAbout2917 ~ ~.G~,
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R ~v Sechrist and/or Gvelyn E. Sechrist, his wife
herein "Mo~tgagor", 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 Sth day oF _ January _
A.D. 19 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper
ty in St. Lucie County, Florida, described as follows:
Condominium Parcel: Lot # 151 of VENTURE OUT A ~ 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 (Chapter
711, Florida Statutes 1965, et seq.), 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
As security for the payment of the promissory note of which the following is a copy:
( S 7,U91 .50 .Jensen euch. Fior~d.. January St_ ' ~9 72 ,
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? R' For value received, 1, w~, or either ot us D~~~~ to psy to ths wdM of
{ ~ . ,
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! 11 ~ VENTURE OUT IN AMERICA AT ST. LUCIE, INC. stJensenesach~nk.'Je~up . F~or~ae,
' ti~. ~ ,^~~II~~S~.
' ~ Seven Thousand Ninety-One and 50/100--------------------- - '
' ~ ti thesum of - - - - - ~ ~ _ _
~
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~ ~ I Pevsb~e in 60......__... em?s1 coru~cutive monthly ~r~ssaum.nnof 5....11~3. 19-- esch snd . none i~el oohzecuuv~
~ i~ monthty installments of S. (]On2 each, the first instsllment to bscome psyable on tM---------.. ~t h..:,_. / .~day oi
. r .
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3 a,, . February , t9 .7Z...._ and one wch irtstallment to bscan~ dw snd wYsbb on th~ Sth dau ot :
i ~ ~ each svcceedinp month until tAe whole of said indebtness is paid, in full, with int~nst ~t tM nt~ of 10 per unt per annum aftu deteult. ~ .
~ W It issg reed t~at tlme Is Of th~ ~sf~nC~ of t~IS coM~att ~nd th~t In tff~ ~v~nt Ot dN~ult In p~Ymfnt Of ~ny Inttallm~nt for ~ perlop O~ tf?Irty Aays th~ ?
~ i~ nolC~r ot tMS not~ may, at Its optlon, Oeclar~ s11 th~ remslrMer ot ssld d~Dt du~ snd cdl~ctlbN and sny taUun to ~Xtrcls~ sata optlon shau not consU• ,
~ a i; tut~ ~ walver oi th~ rlyht to ~xtrcls~ the sart?~ at any otA~r tlme. In tM ~v~~t of d~fautt In p~ym~nt ot t~ts not~ and if tA~ same ts placetl In the hands
~ ? .t of sn attorneY for collxtlon, 1, we, or dth~r of us, sgrN to D+Y ~asts o1 colNctbn. Includlnq a ~~tsonaW~ attorn~y's 1M. In us~ D~Ym~nt snaU not
~ b~ maAe at maturlty. th~ mak~rs, suretl~f, snd ~nAors~rs, Jolntly and s~vKally ayrN t0 ~ny ixt~nslOr~ Or ~~Mwilf wlthout furtn~r notlte, ~inding ou?-
~ selv~s for paym~nt t?tr~o1, ss If no ~xt~nslons oi tlm~ o? forWannu of payrMnt had bM~ mW~ or yr~nt~d.
; p I, or we, and eacn ot us wh~:A~r prlntlpsl, sur~ty, 9uarsntor, ~rWOrs~r, o? ot~K party h~r~to, agrM to W)olnt ~d stv~ ~Y Dound. 1. or w~, txn
w ~j turther waive Oemand, prot~it, an0 notlc~ of dsmanA, DrotKt, and non-payrt»ot•
~ oc Given under the hand snd sea~ of esch pa?ty.
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~ Z~~~ 146_:~onder_ Valley__Road, Bristol, Tenn. s~ ~ -~-r. _ ~sEAu
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~ j i . 37620 AdArKi ~ ~ -
S/ c~~-:~~ ~tl~.~....~'~'C.~~-~ ISEAl1
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Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
~ of all persons whomsoever, and agrees:
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~ t. To make all payments required by that note and this mortgage p~omptly when due.
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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
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 tF~e mortgaged property.
- 4. To pay all expenses reasonably incurred by the Mortgagee because of faiture of the Mortgagor to
- comply with the "agreements in that note or this mortgage, including reasonable attorneys' fees and
title searches. ~tre- cost thereof, with inte~est thereon from the day of payment at the same rate as
_ specified in that note, s~all:also ~e ~red 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 option of the Mortga
gee and Mortgagee may foreclose this mortgage in the manner provided by law, and have the mortgag
- ed property sold to 5atisfy or appty on the indebtedness hereby secured.
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~ 19 0112
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