HomeMy WebLinkAbout0641 } SI~AT t~~ F L O R i TU A 22S029 l C
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P.B.»oi~t = -
paui M~nb~r9 and Judilh D. Aoenbtr9
herein "Mortgagor", whether singular or piural, in consideration of conveyance of real property here~
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mo~tgagee", and to
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced ~
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by promissory note fully identified herein, hereby on this 5 day of Jtsh,r,,..~rv ~ o^~
A.D. 19 72 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. Lucie County, F lorida, described as follows: ~`~'J
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Condominium Parcel: Lot # 4 of VENTURE OUT A f ST. LUCIE, INC., a Con- V~
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. z~~
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
P y t F
711, Florida Statutes 1965, et seq.), said descri tion in this conve ance includes, but is not o_~
l i m i t e d t o, a t l a p p u r t e n a n c e s
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o e C o n d o m i n i u m P a r c e l d e s c r i b e d, i n cl u di~ g the limited
common elements assigned thQreto and including the undivided interest in the common ele-
ments of said Condominium. ' " ~
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THIS IS A PURCHASE MONEY MORTGAGE .
As security for the payment of the promissory note of which the following is a copy:
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v s_B~~Z_~QQ-- .N~eo B~ach. Florida...FP.bY1L~Z~R-.._.S~L~... . _ 19 'J2 ;
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? For value rsceiwd, 1, v~, or sitMr of us promise m paY to tM ada of
VENTURE OUT IN AMERICA AT ST. LUCIE, INC. atJensenBsxhBa~k.~er~er+seach.F~o?~da.
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j~ Lh! wm O~~t... ThOUiaDd P'IVe Ht3Odr~d 1'h~rtY-..11~r0. .aad 00 100'..."' Uollarf,
f- ~ l~Q squsl eonsecutivs monthl irutsllm~nts of 5.----TI.ZQ--- -~h ~d T~ equal coroecutlw ~
y I psyable in • - Y ~3Ln
' Q i~ monthly installme~cs of S each, tM tirst irxtallma+t to Woome WY~DIe on tAt..----•---. . day of ~
~ Q ~i ~b...... 1972------- and one wch instsllment to bscom~du~ aM payabl~on tM--.--._......~,~t~-.-_-.--- daY ot ~
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~ I~ ~ach succeedirg month until the whole of said indebtne~ is paid, in full, with intu~st at tM r~t~ of 10 p~r oN+t p~r annum after default. !
~ I~ ~t Isa9 reed that tlrri~ ts oT th~ ~nc~ of thls contract snd tAat 1~ tM w~nt of d~i~ult In p~ym~nt o1 s~y Inftallm~nt tor a pNloO of ihlrty aays t~e
i Q hold~r Of tAfs not~ msy, st Itt optlOn. Mc1arO all th0 rsmalrW~r Ot silA Wbt Au~ a~d Cd1~ctIDN and any fallur~ t0 ~x~~tls~ iald optlon sh~ll not co~stl-
; tut~ i W7ivlt Of tfN ~Iqht t0 ~x~fCIS~ tht SirtN it affy OtMf tItTN. 1~1 tM M~At Of GN~ult 111 piynNnt 01 thlf nOt~ ~f~tl If th~ finN If pIKl4 (n tN~ h~ndf ,
~ ? il of an tttorney tor coltactlon, 1, w~, or Nth~r of us, sqrN to pay all costs ot colNctbn. Intludlnq s ~~so~aON sttorMy's fN. In css~ PsYment s~sll ~ot
b~ msde st maturlty, th~ msker3, wratl~s, and ~naors~n. ~olntly and ser~rallY p~M to any ~xt~nsbes or r~~+~wsis wttnout tunn~. not~u, D1nAing our-
~ SNvK fo? DaYment h~r~of, as N no ~xtenslons of tim~ or forWar~nc~ ot piym~nt Aad DM~ m~W w yrsntW.
~ p 1, or we. ~nd exh of us wh~:Mr prlnclpal, wrety. 9uarsntor, ~ndo~, or otMr party ~to. agr» to W jolntly s~d s~v~rslly Dound. 1, or we, exh
W further w~lv~ Wmand, Drotat, and not{c~ of d~msnd, prot~st, a~d non-DSYrr»nt•
oc Given undsr tha ha~d and sssl of each puty.
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~ I~ NO. _ _ _ _ _ S/ - _ ~ ISEAU
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~ Mortgagor fully war~ants the title to said land and will defend the same against the lawfu~ 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 prtomptfy when due.
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~ 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 rate as specified in
~ that note, shall also be sec~red by this mo~tgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
4. To pay al! expenses reasonably incurred by the Morigages because of failure of the iVlortgagor to
- comply with ihe agreements in that note o~ this mortgage, including reasonable attorneys' fees and
t title searches. The cost thereof, with interest thereon from the day of payment at the same rate as
specified in that note, shafl 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 tFis 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 mortc~age 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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