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~?aO~Htry. M O R T G A G E ~ S~
M~~~ ~~~ER 11.Ii1? N;ii Oi l9)L H
~ ~'°~'~wt o'''~ ~ art ~ ~„or. a~ ~ '3~ G 5
Irv~o A. Mr~sicks and Btwrly J. F~r~dericka, hi~ ~ril~
herei~ "Mortgago~", whether singular or plural, in conside~ation 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 Mo agor ligated to be paid, as evidenced
by promissory note fully identified he~ein, hereby on this ay of F~ruuY
A.D. 19 72 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper
ty in St. Lucie County, Florida, described as follows: `
;
Condominium Parcel: Lot # 15Z of VENTURE OUT Af ST. LUCIE, INC., a Con- ~
domini~m, according to the Declaration of Condominium thereof reco~ded 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 of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.), said description in this conveyance includes, 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-
ments of said Co~dominium.
~ THIS 1S A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
14 ~
2 S_..Z.:QQ~~~-••-••• J~nstn Bqct?. Florid~. ---FBb~VALj/••-~~..- 19 .72 ~
- For valu~ nceiwd, I, w~, or eith~r ot us promis~ to pay to tM ord~r of
v VENTURE OUT IN AMERICA AT ST. LUCIE, INC. stJ~~sne~cnssr~,~e~we~sescn,Flwida, s
~ tMwmof.~RY4A---.~~~~li~__N~~1~__r~~~_.~4~_.40.11~--_---.-.---.-~-------~-•--~.:.-_.:~:----pw~an. i
- .
y wvab~e ~n ----•---119----------------- ~yu~ oora~cut~n month~y ~~sa~~m«+ts of t_._._ 65.83 ODl--.------.--. consecut~v~ ~
~ach and-
t
a monthly instsllments of 5..-----••--~ 23 pch, tIN first instNlm~nt to b~oorn~ payablt on tM-•- :-•---1-~.--~b... dsy of '
Q 19.._ 72---- ~nd ont wch inst~flm~nt to b~cam~ du~ ~nd WYabt~ on i~vT----.:...~ ~h day of
U 1 '
Q.`~sck suOCY~p ~onth until the whole Qf ssid ind~btnsu is paid, in fu0, with intK~st at tM rtb of 10 pK c~nt pN annurn sft~r de It.
~
g i. It Is i~ tDat ~ Is ot tM ~ssenc~ ot tnts wntract antl tbat in tM ~vMt o1 ~ttWt In payrr»nt of a~ I~ut~llin~nt fp? a p~?lo~ pt tMny Aays tn~
y ~u
Q ~ t~oldK Is 1wt~ ~Y. ~t its optlon. d~clar~ all th~ r~malrW~r of salA Mtlt du~ snd Co11~ctIbN ~nA sey faltur~ to ex~rcls~ ssld optlon shall not constl-
~ (yt ~ s wa o{ thi-r~(~t~t co ~xNCis~ tA~ tam~ at any otMr tlm~. In tM hnnt of dNault In psym~nt ot thls ~ot~ and if th~ sam~ Is placta in the Aantls
I at an to fd~ Lafsctloo. 1, vw, or Ntn~r ot ns, s~.~ ~o wr an coscs ot cou.ctbn, lncludlny a rwsooaON attwn~ys IN. 1n cas~ paym~nt snan not ~
F„_ • D~ ms a~at IW. tht makart, w~~tla, and ~ndors~rs. Jolntty sntl f~v~nllys~r
M to any ~xtaWons w r~wa~s ~rttAOUt turtnp notlt~, Dlndlr?y ou~-
I ps~ ~u~of, ss If rq ~xt~ralons of t1m~ or fo~b~sr~np ot paym~nt Aad ms0~ o~ y~antW. !
. O yiCh Of Us Wh~iM? p?111CIpil, fYI~ly. ~Y~faM01. NWOfff/~ of otMl Mf~tO. ~qfM to a Jolntly and f~V!?illy pOYnd. 1, ot w!, eiCh ~
~ fu wa1~N?nal~A, protKt. snd notfc~ oi twmanq ptot~st, and non-p~ym~nt.
s~ C~v~^ undR t!4 hsnd and spl of ~ath psrty_ ~ ~
~
Z~~ ~`k],~,-- i!~.,W.,_ 45th__ Av~..,_._poaEana~---P1a._....33063 ~rC ~sEa~~ i
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~AG4rKS -
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. ~ ~ ; ~ - - - tSEA~)
Mortgagor fully warrants the title to raid 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.
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 forectose,
and such payments, with interest therean from the date of payment at the same raie as specified ir~
that note, shalt also be secured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged p~operty.
4. To pay atl expenses reasonably incur~ed by ihe 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 ihis mortgage other tF~an 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,
BOOK2OO PACE 911
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