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~„~~rocn~ a.a~ a~e o.wt~ ~ ~ ~ ~ ~ 9
Raymon F. Swank and Aynes B. 5wank, 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., herein "Mortgagee", and to
secure payment of the balance of the purchase price by Mortyagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 27th day of _ December
A.D. 19 ~l , comeys 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 # 9~ 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.), 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 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 fotlowing is a copy:
December 27 t9 71
~ ~ S._ y.~ Z93-'-00-~----- .~e~?s.r, a.sce. Fior~da.
? ~ For vslue receivsd, 1, ws, o~ sitMr ot us promiss to pay to the order of
~ VENTURE OUT IN AMERI~A AT ST. LUCIE,~NC. atJ~nse~B~acABank.~e~se~e~acn. F~o?~da,
~ ~I Nine Thousand Seven Hundred Ninety-Three an no/100----------------- Do11sn.
~ ~'thesumof ......_60~-~ - - • _ _ - - .
~ j~ payabls ~n equsl coruscutive mo~thly instsllmentsot 5....163. 21--- eacn and ....none e~,ai co~ec~~~w
y 15th
' moothly installments of S--.- Tl~?.~~....-----•-.---_------ each, the first irutallm~nt to Woort?~ psysble o~ tM---.•--• . day of
Q
a i--- Fel~r.uaxy . 19 .72 and one wch irutsllment to b~com~ du~ snd p~vabl~ on tM. _ l~t h........ eay ot
~ v each suo:~Q1/!'+q Rwnth untit tAe whole of ssid indebtne~ is paid, i~ full, with intsr~st at tM r~t~ of /0 per pnt pet annum sft~r defsult.
E s
` ~ ii lt Is eW tnit time ts of tM tss~nc~ of thls contrut sne that tn th~ wtnt of tl~t~ult I~ payrt»nt ot any I~stallm~nt for a p~rlo0 of tnlrty days tf?~
€ a ~ t ~d s w~~vAl orf
tl~er rtgl~t~~o ~xe c11s~ th~
sam~ st anyrotMr ttem~.~ln tM ~nt
oi a~
a1Ktp
y~~t ot tl?Is not~ snd 11 t~ sameps1P a ed'In tha hands
; ? f oY ~n a otnty for~toll~ttlon. 1, w~, or eith~r oT uf, ayrN to D~Y ~~tf ot Coll~tllon, Intludlny a r~asonaDN stto~n~y's fN. In Cas~ psYment sha11 not
i !i Os mad~st nf url(y, 4t?e mak~rs, sur~tlK, ind ~ndorf~~s, )oint~y and s~+r~rany s9rN to +^Y ~xt~nslons w r~wais wltnout turtn~r nottc~, Glndlnq our-
s j j~ s~lr~s lor~sy nt ~?~~~of, sf 1/ no txt~nslons of tlms or torWaranc~ of psyrMnt ~~d OMn maW w 9rant~A.
s ~ ;~ipr,r~e, a~ ~acn of us wh~tMr prlnclpal, su?~ty, yusrantor, ~ndors~r, or Ot~~~ W?ty Mt~tO. syrM to W jolntly and ssrtrsl~y Dound. 1, or Mre, escti
furtRi~. watw aM7?ind. D~otest, sne notlc~ of Mmand, prot~st, snd non-p~yt?Nnt.
s ~'Ej Glvep~ undei
t)?e Mnd snd s~a1 ot ~ach party. 2
~ ~ f~ 1920-~har les St . , Anderson , Ind . 46013 s~ ~ _ _ _ _ ! ` IsEA~1
~ W - AadrKS . _ _
~ . . ~ .
~ ~ ~ S/ (SEAII
~ • " - '
~ `NO... . - _ _ . - - •
~
~ Mortgagor fully warrants the title to said land and will defend the 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 prop~rty promptly when due. j
~ ~
~ If they are not promptly paid the Mortgagee may pay them without waiving the ~ption to foreclose,
's and such payments, with interest thereon from the ~iate of payment at the same rate as specified in
that note, shall also be secured by this mortgage.
~
~5 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
4. To pay alf expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to
comply with the agreements in thet-r~ete or this mortgage, including reasonable attorneys' fees and
title searches. The~cdSf'tt~r~of, with interest thereon from the day of payment at the same rate as
;:f specified in that note, shalt 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 p~incipal balance of that note shall immediatefy become due at ihe option of the Mortga-
gee and Mo~tgagee may foreclose this mortyage in the manner provided by law, and have the mortgag-
- ed property sold to satisfy or apply on the indebtedness hereby secured.
=y S I A~~ t r L U 1-11 !J
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~ " fE628'72 - g~OK~~~ t.1GE2~34
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