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MORTGAGE l~-
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~10R~iAN A. 5TUT11~vIG and DOROTHY B. STUr1WIG, his wife,
herein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here ~
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_ inafter desc~ibed by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee".andto ~
secure payment of the balance of the purchase price by Mortvagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this_ 15tt~ day of November ~
A.D. 19 ~l , conveys and morigages to the said Mortgagee its successors and assigns the real proper- ~
:
ty in St. Lucie County, F lorida, described as follows: ~
Condominium Parcel: Lot # 42 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the Decla~ation 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 p~ovided for by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not ;
timited to, all appurtenances
to
tFie Condominium Parcel described, including the limited ~
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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 payment of the promissory note of which the following is a copy:
~ ii = 12, 231. 50------ ~.~,s.~ e..cn. Florida. NoVembe7t~ 15 19 71 -
- ; I Fw value rec~iwd. 1, ,n~, or eitha of us promis~ to pay to tM wdN oi ~
VENTURE OUT IN AMER ICA AT ST. LUCIE tNC. at Jeroen 8uch Eank. ~e~e~ ee~n, Florida,
Twrelve Thousand Two Hundred Thirty One & Sd/100---------~------------
~ ~i
~ the sum of - - - - . Do11an, ~
U ! 119 101.92 1(one
~ ~j payabie in al coroscutive mortthly installmK?tsof 5......--.--•----...--•---------... ~ach and-.--. - ~al coruecutiw 3
103~2 2~~h
r- ' monthly installments of S-__....--.~-------------•------.---._ eacb, the first installrt~snt to b~conN WYsble on tM_._.....-•-. _ day of
a January 2~Otti-- ~
Q _........_...,19.71.---.s~donewchirutallmenttob~com~dutandpsysbl~ontM_.......--.----......_...---._-.---.. _ . .daYOf
, ~ i; ~ach wecMdirg month until tM vrhole of aid ind~btnes is psid, in full, with irKK~st ~t th~ ~~t~ of 10 per ant p~r snnurn afta detsult.
W It Iss9r »d that tlm~ b oi tM ~ss~nc~ of t~ts wntract a~d l~at In tM wMt of W/ault in paym~nt of ~ny Installmt~t fot a pKtod of thlrty Asys tA~
Q ~ ~OIdN Ot thlt nOt~ rn~y, at Itt OptlOn, d~tlir~ sll th~ r~matnd~r oi sald WOt du~ ~nd tdl~tllbla snd sny tallur~ to ~x~r[If~ fald optlon sf~sll not conitf-
~ Z i' tub a watrer of tM rlght co ~xKCW the sam~ at sny otMr tlrtK. In tM ~v~nt of a~tsult In paym~nt of thls not~ aod 11 tM sam~ Is placea Io tA~ haoAs
01 if1 ilLOfflfy tOf COINCt10f1. 1. MN~ Qf Mt~! O~ YS. i4fN t0 Qay ill COftf O~ COI{~CIbO~ IflClUdlfl9 i fMfOOaDN i«O(MY's fN. In qs~ D~Yment st+sll not
; ~ ; W maM at maturity. tM mak~es, sw~tl~s, anC ~ndors~rs, Jolntly ~nA sevaallys~ rM to aoy ~xt~rolons or ?~w~ls wlthout furtAer notlu, Olndinq our-
t ] ~ i sNws for paym~nt MnOt, ~s ti no ~xtaKfons ot tlm~ or forburanc~ of paymtnt Aad DMn ms~ w 9nntW.
~ p 1, or wt, uW ~ath of us wh~thM prtnclpal. sunty. 9uarantor, ~ntlars~r, or otM? party Mr~to, agrM to W jolntly and sw~rally Dound. 1, or we, esch
e W turthe~ ws{w dsmaRd, prot~st. and notlt~ of Mmand. Drot~st, and ~on~psym~r?t. _
F Q " GNM Uf1d~f LA! hifld ifld fMI Of Nth pKLy.
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E ~ ~ 4370 S.W. 84th Avenue; lyiami, Florida
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~ Mortgagor fully warrants the title to said land and will defend the same against the lawfuf ciaims
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~ of all persons whomsoever, and agrees:
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~ 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.
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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 secured by this mortgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
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- 4. To pay alt 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 secu~ed 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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« S~i~AT C r L O F-t I U A -
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