HomeMy WebLinkAbout0644 W STAT ~~F F L O R I U~? , n
c~ r.~'. DOCUMENTA~'~ STA~1P TAX IZ~iSV31 ~ L/ ~
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~ _ MORTGAGE ~
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P.B. ~•u~: ~
Sevmour B rrell and ~Tanet Surre tf hia wifP
herein "Mortgago~", whether singular or plural, in consideration of conveyance of real property here
inafte~ described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee", and to
secure payment of the balance of the pu~chase price by Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 28t~day of _ December ' y
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A.D. 19 71, conveys and mortgages to the said Mortgagee its successors and assigns the real proper- ~ J r.~
ty in St. Lucie County, Florida, desc~ibed as follows: ° J
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Candominium Parcel: Lot # 115 of VENTURE OUT A f ST. LUCIE, INC., a Con- ~~~~Q ~
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, Florida. ~ -
As provided for by the Condominium Act of the Statutes ot the State of Florida lChapter ~ ' ;
711, Florida Statutes 1965, et seq.1, said description in this conveyance includes, but is not _
limiteci to, all appurtenances
to
tFie Condominium Parcel described, including the limited ,r~ i
common elements assigned thereto and including the undivided interest in the common ele- ~
ments of said Condominium. ~ ~ ' ~
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THIS IS A PURCHASE MONEY MORTGAGE #
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As security fo~ the payment of the promissory note of which the following is a copy: ~
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. 510,205.10-------- s..~n. F~o~~a..~ECEMBER 28~ ,s71
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Z For vstua r~c~ived, I, w~, w tith~? of us promise to psy to tM ordK of
v VENTURE OUT IN AMERICA AT ST. LUCIE, INC. si~e~senesacnssr+k,~ense~eea~n, F~o.~da.
~ the wm of .=1ED ThO~iod 1~w0 EfiID'dr~d F~Y! aOd 10/10~--------,,;,;,,;,,;~ .
. - - - oaisn
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y Wysble in _ l~. squsl cornscutive monthly installm~nts of 5... . B.S•04-- each snd._ eq~,al co~secutive ~
mw~tMy installments of S.._..8s.34 --...xh, the firsc insta~lm~nt to becorn~ WYsbl~ on tM--------------••-~--- ~tb--- _ dsy of '
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~th _ . . . dsY of ~
; ~ --_--~~~Yy-..___- 19 .-.T.z--- and o~e wch inst~llment to b~cort»du~ snd p~~abl~ oe th~.
I i fach wcossditq month until the wtale of said indebtnes is paid, in full, with intK~st ~t the nt~ of 10 pK pnt pe? annum sfttr defautt.
j ~ It Is ayr~W Mat tlrrN is ot th~ ~ss~nc~ ot thls cont~atl and tAat In tM ~v~~t of Miault In p~yrt»~t of any Installmsnt for a p~rlod of tAlrty Aays tM ~
~~M ~
I Q , ffOlds? o~ thlf nOtt may, st Itt optlon, Mtl~r~ ~II th~ rtm~lnMt Oi Sild dWt OY~ ~1?tl COIIKtIDN ind inY f~llu~~ t0 ~xNCls~ f~lA optlOn SNall nOt conftl•
~ tut~ a wa(ver ot th~ rfght to ~x~rclse tf?~ sam~ st any otMr tlrt». In tM ~v~nt O/ d~tault In paytn~nt Of t~ls not~ a~d H th~ ssm~ Is plscad In tAe hands ~
Z Of ~11 ittOfMy fW COINCtIOn, 1, W~, Of ~ItM~ Ot Yf, iyfN t0 p~y ill COttf Of COII~Ct1011, IIfC1Yd11q a fMf0~1~DN iitOlMy's fN. In us~ psyment shsll not
~ b0 rtNd~ it If1iLUfily, the mak~rs, wr~tl~s. itld l~ldOfitrs, JOIfltly ~f1d ffYN~llyay fN f0 i11y ~7fLNlflOltf 01 f~MWilf WItAOUL fUltfNf f10tICf, b1110if1q OU~-
> >Iv~s for yaym~nt 1?K~of, as li no ~xtsnslo~s of ttm~ or forWSrsnc~ of payrrNnt ~sd Wen maW or y~antW.
p 1, or w~, and eac~ oi us wh~th~r prlrxlpal, wnty, gwrsntor. ~ndors~r, o~ otMr ps~ty Mr~to, ayrN to a ~olntly antl sev~rally DounO. 1, or vw, ~x1~ ~
W fU/lhN 1KifW OfTa114. prot~st, and notlc~ of tl~mand, p?ot~st, and ~on~psym~nt.
oc ` Given under che nand snd s~al ot ssch arty
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z j 17 B Coop~ts...P~~~~s--Braoxs--.New._Yo=k--~-~---~- S~ _--..~'t`-..._ _...tL_u~~ (SEAU ~
~ > 10475 Aaa~~ss
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~ Mortgagor fulty 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.
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~ 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due. ~
~ If they are not promptly paid the Mortgagee may pa'y'tliem without waiving the option to foreclose, '
~ and such payments, with interest thereon from the dafe of ~ayr~ent at .t~ same rate as specified in
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~ that note, shall also be secured by this mortgage.
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~ 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
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. _
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 indebtedness hereby secured.
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