HomeMy WebLinkAbout1638 2zs~i8 ~.~o
/~l~ ~ ~
MORTGAGE ~
. c~. ~
~
GILBERT B. HICKS, SR., and GRACfi C. HICKS, his wife,
herein "Mortgagor", 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",andto
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 8th day of December
A.D. 19 ~ 1 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. Lucie County, F lorida, described as follows:
Condominium Parcel: Lot of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the De~laration 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 th~ Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.1, said description in this conveyance includes, but is not
limited to, all appurtenances
t-o e Condominium Parcel described, including the limited
common elements assigned thereto and including the undivided interest in the common ele-
ments of said Condominium.
. ;
THIS IS A PURCHASE MONEY MORTGAGE
. ~
~
As security for the pa,yment of the promissory nate of which the following is a copy: ~
_ ~ 9, 511. SO .w~s.~ e..cn. Florid~. ---_--December _ 8,.. ~s~l
v I~ 5 -
Z ! For value rec~iwd, 1, w~, or eit1+K of ut promis~ to pay to tM ordK of ' •
U~` VENTURE OUT IN AMERICA AT ST. L~,1CIE, INC. at.J~roe~e~ach3snk.JenstnBeacA.Florida.
~ ~ Nine Thousand Five Hundred Eleven & 50i 100---------------v---~----' paia.s.
~ I; the wm of - _ -
, - 119 79 26 one 1
y ~ WYab1e m-.--•--•--•---•-.---_--•------- equsl co~:utive monthly iiutallm~ntsof S--•----~-•••-~-----~------------- ~sch snd..-_ --28tt1'" equat cor?secutiw
: monthly irutsllments of 5.---. 7-9.-' S6 - acn, th~ fint insallm~nt to b~conN PaVable on tM..__._...__... . _ daY of
~ Februar ~8~fi'~- .
a u
Q ~ _ y~......_.------•-----. t~z.....--- and o~ewcA irxtstlme~t to b~eom~du~snd WYabl~ontM----------------------.---- day of
U !
Q !I ~sch wcceedirg mo~th until the whoN of bid i~debtness is paid, in full, with i~t~nst at tM rat~ of 10 p~r unt per annum sftK d~fwlt. ~
W ~ It Isag raW that tlrn~ Is ot tA~ sss~nc~ of tnts contnct and that tn tM ev~nt of d~tault In paYrtr~t of any Inst~llm~nt 1or a pK1od ot tnl~ty Gays tne =
~ Q noldsr of tAls not~ may, at tts optlon, declart all tA~ nmalnC~t of sald MDt du~ and tdl~ttlDN and sny fatlur~ to ex~~cls~ sald optlon shall not consti-
~ tut~ s watr~r of th~ rI91?t co ~xKCW t~~ sartw st sny otM? tlrr». In tM ~v~nt of d~f~ult In p~ymsnt oi thls not~ and if th~ sam~ Is p1xe0 in tM hanas
! ? of an attorn~y for collxtlon, 1, w~, or Ntlm of us. aq?N to pay ap costs oi colNctbn. Intluding s rwsonsW~ sttwn~y's fN. In use oaYm~nt snau not
' W msd~ st maturlty, tht mak~n. wr~tl~s, ana !~p ors~rs. lolntly snd f~vaallYsy rN to any ~xt~nfbnf or t~rNwsls wlt~out furth~r notlt~. Dlnaing our-
~ li sNv~s for paym~nt ~~rwf. ~s tf no ~xtMSlons of tlm~ or forWannu of payrMnt had bNn mad~ or yra~t~Q.
E ~ 1 or vw, and ~sc~ oi us Nh~th~r prlnclpal; tunty, 9w?antor, ~naors~~, or othN partY M~~to, sgrM to b~ jolntiy an0 sw~rally bound. 1, or wa, each
t w li turtde~ wsiw demand, pro;sst. and notlc~ 01 Mmand, protast, ~nd non-DaYm~nt. '
i o~ Given ur~r tM hsnd sed sql of ath p~rty. '
' ~
e ~ li Crum Elbow Road r---Hyde Park, . Y•-•------...---~•-- S~ - _ . .ISEAII
; -
~ w - - -i----~------- Aaa..ss
, > . ~
~ I` NO.._ S! - - - ~ . . ISEALI
.
~
~
~
s
~
g
~ Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
~ of all persons whamsoever, 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. 4
~ 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 secured by this mortgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged prope~ty. ~
x~ 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
~ titte searches. The cost thereof, with interest the~eon 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, ar 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 Mo~tga-
ee and Mort a ee ma foreclose this mort a e in the manner rovided b law, and have the mort ~
9 9 9 Y 9 9 P Y 9a9-
ed property sold to satisfy or apply on the indebtedness hereby secured.
r:~
~
W S~ aT t~F r L O F~-~ I u~? .
v h 70CUNENT~~"_ S i..~~P Ta X i
~ z - _ - ;
~ ~ _ lfAR16"lZ Mr _ ~
~ v r ttr~cuc 'vk' -,I = ~ ~ ~ ~
~ h iaPr = 0 R
Pe.,,o„2 ~ eooK 200 ~cf1637
z~:
_
~ - °
_ . . _Y__ _ n;~.