HomeMy WebLinkAbout0629 g~~ATt JF t-LOkIUA. , ~
~ OOCUK~ENTA~, STAyIP TA X 225U21
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rv = -~2i5= MORTGAGE ~
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P8,11011!
Hubert C. Dotro Js. aad Joaa M. Datro, hi• ri~~
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 Mortgagor.obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 19~ day of J~~~ y e
A.D. 19 72 , conveys and mortgages to the said Mortgagee its successors and assigns the real p~oper- ~ a ~
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ty in St. Lucie County, Florida, described as follows:
A f ST. ~UCIE INC. a Con- ~
C o n d o m i n i u m P a r c e l: L o t # 1 1 3 o f V E N T U R E O U T , . .r, J
dominium, according to the Declaration of Condominium thereof recorded in Official Re- r^ J~
cords Book 189 at page 1677, et. seq., of the Public Recordsof St. Lucie County, Florida. ~ m^=•~ '
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter a
Ci
711, Florida Statutes 1965, et seq.1, said description in this conveyance inc lu des, but is not ~ ~ '
limited to, all appurtenances
to
tFie Condominium Parcel described, including the limited ~
common elements assigned thereto and including the undivided interest in the common ele- o
ments of said Condominium. S
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' ' THIS IS A PURCHASE MONEY MORTGAGE ' W a W :
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As security for the payment of the promissory note of which the following is a copy:
_
19 ~
_ S~.*~.'~.R~---••-••• C O~~ .Nrnen B~sch. Florida. --_---._J~RRii~t~...~~_..
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Z Fo? vstue recsiwd, I, wr, or ~itlm of us promise to p~y to tM ordK of
VENTURE OUT IN AMERICA AT ST LUCIE, INC. at~er~se~eeacneank.~e~e.+geach. F~or~da,
B3,.1.~ 2lw~sau~d 2hi~ct -Ssttaa attd 90/100----------.-----~-_------------- oo~~,?:.
~ the wm of r- - .
y ~j payabte in eQual corwcutivs monthly i~atallm~ntt of S._..133..9b-------~---.. esch and---. ._~Q.._....... eVusl consecutive ;
~ 1! monthly imtsllments of 5----],~•~--- aach, the first insta~ltnsnt to b~COrt~s WYaDI~ on tM---•-•---.-.-----...~'d._._. day of }
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, Q ;I .---..~=CZL--------------- 19 -.T~~--- and one wM installment to b~eom~ dw and payabl~ on tM------.---.-.---_-3i~ day ot ?
~ ~ach wcceedirg month until the whole of said indebtness is paid, in full, with int~nst at tM rstt of 10 pN ant per anrwrn she~ dsfsult.
' ~ It is agr~eA thst tlrrK Is ot tA~ ~ss~nc~ of thls contrsct ane that In th~ w~nt of d~fault In p~ym~nt Of ~(ft iw ~ paloa of tAlrty AaYS tM
Q hOldOr Ot lhlt ~10b m~y. st its optton, d~clar~ stl tM r~msleNr of ssld Mbt du~ and coll~ctlbh and an hl un to ~x t~ sald optlon sAS11 not consti• ~
j Z II tute s walrer oi the rlyht to ~xe?tls~ th~ s~rn~ at sny otMr tlmt. In tM ~v~nt of d~taWt In p~ym~nt of Is not~ anQ If t sam~ It plsceA in th~ Aands ~
i oi a~ attornty for coll~ctlon. 1, w~, or Nth~r oi us, aqr» to pay a11 costs ot coll~ctlon~ Mtludlrq a ~ ~ttorn~y s t 1~ tas~ D~Yment ~na~~ not
~ ~ ~ D~ made at maturity, the mak~rs, sur~tt~s, a~a ~ndors~n. Jolntly snd ~vKallY sy~N to any ~xt~rWons or r als wltAOUt t A~r notlc~. ~inq ou?- Y
~ ~ ~ sNv~s fOr DaYm~nt h~~wf, ss If no extenslons of tlm~ or forDNranc~ ot psyrtNnt 1?ad maA~ or yr tW. .
0 1, or we, and ~sch ot us wheLher prlnclpal, wrtty, guarsntor, ~ndon~r, o? otM? party ~to, iy o b~ ntly sw~rst Dound. o . eacn ~
~ W further watv~ clemand, prot~st, anA notlce Of Wmand, prot~st, and nor?~payrrwn .
j ? ~ Given urde? the hand s~d ssal of esch p~rty •
i z, 1167---Matt~l~orn.._Ds._ R~?noldsbnrQ,...ahi.o ~sr En
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~ > 43068 '
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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 mor~gage promptly when clue. -
~ 2. To pay all taxes, assessments, liens and encumbrances
on that property promptly when due.
~ If the are not rom tl aid the Mort a ee ma a them ~?rith0~fi~v~ivin tFit~ i tion to foreclose,
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~ and such payments, with interest thereon from the date of payment at the same rate as specified in
; that note, shall afso be secured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
4 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to '
comply wiih 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 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 satisfy or apply on the indebtetJness hereby secured.
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