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N~ V ie~t.oE etYt~ut • _ ~ .
P.B. wo~ i: _
Gordon C. Cherry aad Mni H. CheYry~ his wife
herein "Mortgago~ whether singular or plural, in consideration of conveyance of ~eal 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 30th day of Decembez ~ W ~
A.D. 19 71 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. Lucie County, Florida, described as follows:
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Condominium Parcel: Lot # 29 of VENTURE OUT Af ST. LUCIE, INC., a Con- ti
dominium, according to the Declaration of Condominium thereof recorded in Officiat Re- ¢
cords Book 189 at page 1677, et. seq., of the Public Records of St. Lucie County, Florida. ot 1~~ ~
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter ? W o ;
711, Florida Statutes 1965, et seq.), said description in this conveyance includes, but is ~ot F
limited to, all appurtenances
to
the Condominium Parcel described, including the limited '
common elements assigned thereto and including the undivided interest in the common ele- ~
ments of said Condominium. o
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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: ~
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' 6 ~.522.75...... .INwe e«cn. F~orida. ---......December 30: . t9 71 ~
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= For v~lue r~iwd, 1, v~, or ~it1+K ot us promis~ Lo p~Y to tM ord~? M '
~ VENTURE OUT IN AMERICA AT ST. LUCIE, INC. ~t J~nNn B~ach Bank. ~.ns.~ e.xn. F~o.~.
~ • • 0 75 100-----.--._..- .-.--eaia.s.
~ tnewmot._S].X..Tki~u.sd[1d---E~.Y~.._tiLiDdX_~d_._~?~R~.X.-~w..---~~-.-----
y psy~bl~ in _.--•-bQ---•••.-•---•---.._.. aquN eorwtutiw monthly in~tallm~nri of =-••-...~QB. Nch u+d ................RQA@.... e0ust consecutw~
monthly inst~llm~nts of =--------.[LOri~.........--••-...._._ wch, th~ tirst installm~nt to b~conN WYsbN oo tM_..••••• ..............ISZll_..---.. d+Y of
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a ----.----~FQbtuazy--~--~------~----. ~s..?2...... •~d on. wcn ~~i~+,.~+t w o.oom•dw •~a vwaw• o~ cn. .....................15.th--.--... _ o~v o~
~ ~~sch ~uccNbiny month until tM wlal~ of »id ind~btnat a psid, in full, with intaMt ~t tM raR~ ot 10 pK pnt p~r ~nnum after d~fautt. ~
W E~ ~t Is~r wd that e1rM Is of tM esf~nu of tnts coet~~ct an0 tNat In tM w~nt oi dNault In p~ym~nt of ~nY Inst~llm~nt tor s perloa ot tnlny dsys tM
~ nolda oi thk not~ maY. at its optlon. Wclan all th~ ranalnMr of sald dWt du~ a~W cW1~ct1ON and ~nY fallur~ to ucacls~ saW optto~ snal~ not constl-
' Q ~ tut~ s wslvN of tM rMAt co ~xacis~ tn~ tam~ at any otMr tlm~. In tM wr~nt ot dN~ult In payma~t of tAls not~ and if tA~ sam~ Is plac~d i~ th~ hanOs
' Z of sn attorMy fo? toll~ttbn. 1. w~, or ~ItMr of us, aqr» to paY all coits Of colNttbn. Includlrp ~~MSOnaDN attwMY's IM. In csf~ D~Ym~nt snan not
; F f p~ maM at maturlty. t~~ makHS, wr~tlp. ~n0 ~ndorst~s, lolntly ~nd MvMSllyaf~~ t0 ~ny ~xt~inlOM M t~mw~ls wlthOUt furtMr ~otk~. Olndfnq our-
> sNva tor prym~r.t nKwt. ~s it no ~xta~slo~s ot tlm~ w forb~anoca ot paynNnt MO ~n ms0~ o~ ~rantW.
i 0 S 1, O: VII~. uW~ ~Kh of uf wRfthM prlnclp~l, fYfltY Wa/afllOl. ~1fO01N1. O~ OL11M p1l~y M?~t0. ~qfM to W lantly ~nd fsvNaily bounO. 1. Or Mrf. l~Ch
' furthe~ :v~lw Mrpand, prot~st. ~nd notk~ of b~m~nd, p?ot~st. aM nompaymaN.
~ o~t ! Giv~n u~ tl» hand and s~N of wch p~rty.
~ ~ 'L5061 Lyncastle, Farminqton, Mich. 48024 S~ '
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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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~ 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 waiving the option to foreclose,
; and such payments, with interest thereon from the date of payment at the same ~ate as specified in
a 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 faiture of the Mortgagor to
comply with the agreements in that note or this mortgage, including reasonable attorneys' fees and
= title searches. The cost thereof, with interest thereon from the day of payment at the same rate as
specified in that note, shall also be secured by this mortgage.
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5. If any payment provided for in that note is not paid witFiin~b aays after i~ 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 satisfy or apply on the indebtedness hereby secured.
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