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q~ NITI1N61~1F ~ERSOMAt. ~'ER' ~ M O R T G A G E
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G..~or9e F. Helms and/or Helen L. Helms, his wife
he~ein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortyagee",andto
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. 31st day of _Decemb~r _
A.D. 19 71 , 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 Pa~cel: Lot 111 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, Flo~ida.
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
to e Condominium Parcet described, including the limited
common elements assigned thereto and including the undivided interest in the common e!e-
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:
~
,i s. 9-,-100~00 .ie~s.~ e.acn, F~o.~a,.. December 31 ~~s71
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? For value received, 1, w~, or either ot us promise to pay to the orda of
VENTURE OUT IN AMERICA AT ST. LUCIE, INC. at~e?~seneeacnBsnk~`~Je~eriasxn. F~w~da.
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a
, cnewmof..Nine_Thousand. One Hundred..a_nd no/100_------- -~:~.~:~.f-~Da~a~s,
, ~ I paVable in 6O _ equal cor~secutive monthty irutallm~nts of s 151 66 _ ea~n ar,d nonE .'ev~,ai ~o~,urs .
_ .
i ~ ~ ~ monthly instal~ments of S nOrie . oacA. the first irutallment to beooms pay~ble on tM .15th..--- Q! day of
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~ Q Rebr uar , 19 and one wch irutallment to bscom~ dw snd psysbl~ oa the lst~l_. ; J_ 7ay of
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~ ~ ' eath sutteeding month until the whole of said indebtness is paid, in full, with intK~st st ths rate of 10 per ant per annum aft~r default.
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; 4 ~ ~ ~t Isag ~leA lhat time ~S of the sss~nc~ of thlS contr~ct anG th~t In t~~ tvMt of ahult In p~YrtNnt Of ~ny Insbllmsnt for a Qftlotl of tMrty O~ys th• .
} Q . hold~r of thls note may, st its oDtlon, declar~ a11 tne rtmalnde~ of said aWt du~ snd cdl~ctlbN and sny tallur~ to ~x~rclse sald eqtlo~ sni~~ not const~-
~ Z tub ~ w~lvlf Ot th• r{ght co ~xe~cls~ ths sarrw at any otMr tlrrw. In tM ~v~nt oi d~/autt In DsYmsnt of tAls not~ a~d Ii tM sam~ Is pl~u0 In tne hands
Of ~o ~ttO~ney t0? ColllCtlOn, 1, w~, o~ ~Ith~? Of Yf, igfN to p~y ~II COttS Of COII~CtlOD, lncludlnq a rqsonabN attorn~y'f fN. In Ws! PaymfM sAall not
; b~ msde st maturity, tAe m~ktrs, suretles, snA endorstrs, jolntly antl sw~rally s9rM to any ~xt~~slo~s o? reMwsls wltAOUt furtf?~t notlce, bintlin9 our-
; ~ s~lvas to? psym~nt he~eof, as Ii no ext~nstons of tlm~ or forD~aranc~ oi psym~nt ~sd DMn ma0~ of ~antW.
p 1, or we, and sxh oi us wh~tnsr prlnclpal, sur~ty, 9uaraotor, ~ndors~r, or otMr party n~r~to, agrN to b~ jolntly at~ severally pour~A. 1. or we, exn
: W lurther walve Aemand, prot~ft, antl notlc~ oi d~mand, prot~st, and non-payrrKnt. . / -
3 s Given under the hand and seal of exh party. ~ (
£ W 141 Wonder Valley Road, BristolAao Kenn. S~ ~ ~ ~ ~ ' 41. ~ ~ ~sEA~~
~ 3~620 : ~ . - -
` ji NO... . _ _ Si ? L. ~ .;.5. . ~ l i:.._.- ISEAL)
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~ Mortgagor fufly warrants the title to said land and witl defend ttie same against the lawful claims
~ of all persons whomsoever, and agrees:
~ 1. To make all payments required by that note and this mortgage promptly when due_
~
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 wa+ving the option to foreclose,
= and such payments, with interest thereon from the date of paymenc at the same rate as specified in
that note, shall 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 faifure of the Mortgagor to
comply with thE~agreements in that te or this mortgage, including reasonable attorneys' fees and
= title searches. The :cost ~the~~of, i~+lrit~t~~nterest thereon from the day of payment at the same rate as
~ specified in that ~1dte,~s}~all 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 principa! 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 Rroperty sold to satisfy or apply on the indebtedness hereby secured.
~F' RECEIVED
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