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Roger L. Miller and Charlotte A. Miller, his wife ~
herein "Mortgagor", ~yhether singular or plural, in consideration of conveyance of real property here- ~
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, tNC., herein "Mortgayee",andto ~
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced ~ a
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by promissory note fully identified herein, hereby on this 30th day of December a~4
A.D. 19 71, conveys and mortgages to the said Mortgagee its successors and assigns the ~eal proper- ~ o~
t in St. Lucie Count , F lorida, described as follows:
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Condominium Parcel: Lot ~f_ 74 of VENTURE OUT Af ST. LUCIE, INC., a Con- ~ 3
dominium, accordin g to the Declaration of Condominium thereof recorded in Official Re- C ~
cords Book 189 at page 1677, et. seq., of the Public Records of St. Lucie County, Florida. v :
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 ~ r o~ ;
limited to, all appu~tenances t
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ie Condominium Parcel descri be d, inc lu ding t he limit e
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common elements assigned the~eto and including the undivided interest in the common ele- ~ W~~ j
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE
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As securiiy for the payment of the promissory note of which the following is a copy: ~
. December 30 , 19 71 ~
v ~ S.IOa361.*-OO.----- Jtruen essch, Florida, . .
? For vatue received, f, vw, or eitMr ot us promise to psy to ths oM~ of
`L jf VENTURE OUT IN AMERICA AT ST. LUCIE, I~NC. stJeruen Beach Bank, Jensen Beach, Flonda,
Ten Thousand Three Hundred Sixty-One and no~ 100---------------------
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N ,i peyaDle in _ squsl coruscutivs monthty ~r~sc•um«,tsot S.._.172.68 - sxn a~d.__ _ none ~o~uec~cry. `
none 5~fh $
Q .i monthly inscallments of S_.-- wch, th~ ti?st irntsllmsot to b~cort?~ WYSble on tM._°-•-•---.--.--.-.- - . dsy oi ~
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a ~ - ~larch - . ~9._ 72 a~d o~e wch ~nsuum.nt to bscom• a~• snd psrsw• o~ cn. _ _ . . _ _ _ day of g
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~ i each svcceedinp month until the whole of ssid ired~btness is paid, in full, with int~at at tAe nte of 10 p~r c~nt per annum after default. ~
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~ I~ tt is agreW tnat tima Is ot th~ ~nce oi tnls cont~act and t~~t 1~ th~ ~v~nt of ~fault In p~ym~nt o1 any Instsllment for a p~rlo0 of thlrty Aays tne ~
Q ~olbK ot thts note may, at tts optlon, dKlart sll tlf~ rsmalnd~r of s~ld aMt du~ ~nd cdl~ttlW~ ~ntl sny f~llut~ to ~x~rtls~ sald optlon sl~sll not co~stt-
( tut~ a walver of tM rl9nt to ~x~rcls~ tAt sam~ st any otMr tlm~. lo tM ~v~nt of d~fault In psymN+t ot thls not~ and if tM fsmt Is pqced in the hanas 1
' ? of an atto?n~y for coll~ction, 1, w~, or Nthar oi us, aqrN to pay all tosts of toll~ttlo~, Inciudtnq a ~~afonabN attorn~y's fw. In us~ wYme~t snsn not ~
I ~ De mad~ at maturity, t~~ mak~rs, wratlos, antl tndors~~f. Jolntly and sevNally a9rN to anY ~xt~nsloiu w r~wsls wlt~out furtA~r notlce, DlnOinq our-
~ 7 ulws tor paym~nt na~of, ~s If no extenslons of tlma or forD~aranu of paym~nt AiC D»n maW or ynntW.
0 ~ 1, Ji w~, ~nd.~ach of us wh~th~~ p?Intlpal. surtty, 9uarantor, ~~1d0?f~?, O~ Othlf pi?ly Mf~tO iyrN t0 W jOlntly ind flv~~~l~y DOµCtl_ 1. O? w!, lath
' W I iurth~r wsiw demand, D~otKt, and notlc~ ot deman0, prot~st, ~nd ~on-payrtwnt.
, s - Giwn und~r tA~ hand and sql of esc~ party.
; Z~~ 450 Shaton Drive, Wayne, Pa. 19087 S~ { ~y "(SEAL)
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` Mortgagor fully warrants the title to said land and will defepd the same ag~jpst the lawful claims
~ of all persons whomsoever, and agrees: ~ ~ • • + i ~ ~ ~ ~
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} 1. To make all payments required by that note and this mortgage promptly when due. ;
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2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due. ~
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a If they are not promptly paid the Mortgagee may pay them without waiving the option to foreclose, i
~ and such payments, with interest thereon from the date of payment at the same rate as specified in ~
- that note, shall also be secured by this mortgage.
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=,3 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
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4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to '
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= comply with the agreements in that note or this mortgage, including reasonable attorneys' fees and ~
title searches. The cost thereof, with interest tKereon 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 shail 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 secu~ed.
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_ BOOr~W PAf•~ ~ .
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