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Harold D. lfanhoff and Mildred Manhoff, 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., here~n "Mortgagee", and to
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 6th day of _ Janua~
A.D. 19 72 , 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 # 57 of VENTURE OUT A f 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, F lorida.
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not
limited to, all appurtenances
t-o e Condominium Parcel described, including the limited
common elements assigned thereto and including the und+vided 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:
` t3 661.90 January 6~•~~~ 1972
. .J~rwn Bqth, Florid~. _
I v I 5.... - - -
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, ~ For vatue nce~ved, t, vw, or eitha of us promiss to p~y to tM ordu of
~ ~ VENTURE OUT IN AMERICA AT ST. LUCIE INC. at~~raene~sch aaak,.lensenB,~~~t ~o~~da,
~i ~ ~~cnewmof_~ig.h.t__Thousand__S_ix__Fiundred..Sixty-0ne__,and 90/100-_--------_--_~-.--_-_-.--.---eona.s.
~ ' 144. 36 none - '
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y j payable ~n - - ..60- . puil COnilcutiw moMhly instdlrnMttiOf 5 Mch snd . pqUaDcon~Out
~ a i~ monthly instsllmentsof S. .[lOil@. sach. tM first ir?stsllm~nt to brcortK P~Yabl~ o~ tM..---•-- 6Lh._._._.. ~,t .1~ ~
, _ . _ . , 19 .7.2..... and one wM inatallme~t to b~com~ du~ ~~+d p~YaDl~ on tl+e 6th. : - • •,Y . ~~y 6t `
' Eebruary ~
4 ~ i~ exh svcceediry month until the whole of ssid indebtr~s is psid, in full, with intaat ~t tM nt~ of 10 pK ant per annum after delsu~t. "
~ W 'i It is reeA thst tlrn~ ii Of tM Kf~nc~ ot,th{S COf~LfiCt if1O ~1~i1 Ifl lM fY~f1t 01 d~fiUtl Ifl piyf~lfflL Of a11y If1ft~I1R1Ml fOf a p~IlOtl~bl ~lllftY GiYt th~
g a li t t1s a~rersof tAemilqAt,to ~x~rcls~ th~
sam~ at anyrotl?~r~m~.iln tM ~nt of
dN~ult In P~Y~Mnt Of thlf not~ and if t~ safm~ts P K 41~n t
te hanAs
~ ? of an attorney tor coll~ctlon. 1, w~. or Ntt?~r of us, ag?N to p~y a11 costs of toll~ctb~. I~cludl~q ~ rqionaDN attorn~y's /e~. In c~s~ psyment sna~l not i
~ ~ ~i pe msd~ at maturlty, t~~ mak~rs, suretles, and ~ndors~n, Iol~tly snd itv~?~~~Y ~9?N t0 anY ~xt~nfloM w rM~wals wlthout furtl?~r notlc~, binGinq our-
] tS~IrK for p~ymtnt Afr~Of, is If no extsnslons of tlmt or torWarant~ of payrtNnt had ONn maW or yr~ntW.
~ p I 1, or we, and aach of us wh~th~r prlnclpal. sur~ty, guarsntor. ~ndors~r, or otMr party Mr~to, aqr.. eo w joinay ano ser•.a~~r nouna. or we, exn
; further walvs tleman0, Drotest, snd ~otic~ Oi d~mand, D~ot~st, and noirpaym~nt.
~ ~ Given under the hand and spl of ~sch p~rty.
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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:
~ 2. To make all payments required by that note and this mortgage promptly when due_
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2_ To pay al~ texes, assessments, liens and encumbrances on that property promptly when due.
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If they are not promptly paid the Mortgagee may pay them without waiving the option to foreclose,
and such pa~T'ments, with inter~st ~reon from the date of payment at the same rate as specified in
' that note, shal lsq;~e.secuted'b~~fiis 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 in that note or this mortgage, inctuding reasonable attorneys' fees and
- titte searches. The cost thereof, wiih interesi thereon from the day of payment at the same rate as
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 agreement in this mortgage other than the agreement to make the payments is breached, the en
tire unpaid principal balance of that note shalf immediately become due at the opt+on of the Mortga-
gee and Mortgagee may forecfose 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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