HomeMy WebLinkAbout1647 ~ 225~24 ~'G~
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MORTGAGE I1J.~,
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Thomas W. Potter and Frances M. Potter, his wife
herein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here-
a
inafter desc~+bed by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein "Mortgagee", and to
secure payment of the balance of the purchase price by Mortgago~ obligated to be paid, as evidenced ;
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by promissory note futly identified herein, hereby on this .~9th day of _~cember ~
A.D. 19 71 , 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 # 75 of VENTURE OUT Af ST. LUCIE, INC., a Con-
dominium, according to the Oecla~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 provided for by the 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
to
tFie 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 payment of the promissory note of which the following is a copy:
10 ~062.00 ~n g~ach, Florid~. ~Cembp]C 29 ~ 71
t,; I s---- ~ ~ ,9... .
? ( for vatu~ netrved, 1, v~, or ~ither ot us promis~ to WY to ths ordK of
W ~ VENTU,RE OI~IN Al1~ERIC~~T ST. LUCIE, INC. stJertsenB~achBsnk..t.~~aexn, F~~+aa.
Ten Thousand Slxty- o an no
~ the sum of --~----•------•-•-~---•-----~----Y . 167_70_ _ _ ~n~ _ - . ~ . . Dotlan.
. , . . Otl@ eQUal cornscut~w
N psyaDls m...------60-------- al coru~tutive monthl ~nstallmentsof 5......-•--•-•°---------------•--. uch ~nd-----
~ moncniy ~r~sumer,cs ot 5.... ....none eacn, ths tirst insuuma+t to b.oon» wysW on cl+~_...._.._lst.--.. dav of
Q~! February ~s .72--- and one wcn ~nsau~+eot co n.com. du•.nd p.r.w• oo tn.-.---.- lst- . dar ot
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~ li each wcc~edinp mo~th until the whol~ of ssid indabt~ess is psid, i~ full, with int~?~st st tM rstt of 10 per ant pK annum aft~r def~ult.
~ ~i It Isayr Nd that tlrrn IS of th~ tSS~nt~ of thls contratt and that In tM rvMt of d~f~ult 1~ piYm~nt ot any Inftallment ior a pNloO of thlrty Gays tA~
Q i noltl~r oT tAlf not~ maY. at Its optton, d~tlar~ sll th~ r~rt?afnd~~ ot sald dNt du~ ~nd COIIKtIDN ind anY fallu~~ to axartls~ silA optlon shall not tonsti-
tutt s waiver of th~ rlynt [o ~xKCls~ t~~ sam~ at any otM~ tlrn~. In tM ~v~nt of Niault In psym~nt ot tnls not~ anA If t1+~ sam~ !s plsuA In th~ ha~as
? ~ ot an attwnty tor coll~ctlon. 1, vw~ or Ntn~~ of us, agrN to O+Y ~~ts ot colNCtbn. Indualnp a r~afonaDN attwnty's fM. In cas~ paymt~t snstl not
~ be maM at m~turlty, th~ msk~rs. fut~tNS, snd ~ndo?s~rs, Idntly and sw~?ally ~9~N to any ~xt~nflons or r~ntwalt wlthout fu~tMr notlc~, btnding our-
] i sNv~s for payrMnt Mr~of. as If no ~xt~nslons of tlm~ o~ iorWaranu of paym~nt h~d Wan m~W w yrsntW.
, p 1, or w~, aAd ~scA of us wh~tA~r prlntlpal, wrNy. guaraoto~. ~ndo~s~r, or oth~r party Mr~to. ayrM to W Jolntly snd s~v~rslly bouna. 1, or we, exn
' ~ (I furtha wslw Mmaod. protKt. ind notlt~ Of d~msnd. protat, ~nd noo-psym~nt.
Q ~j Giren uridK th~ hsnd snd s~M of Neh puty. ~ i'~ /
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; ~ 1747~CaYmonbrook Pk . , Flint, Mich. S~,( ~ (SEAL)
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° Mortgagor fully warrants the title to said land and.will defend the same against the lawfut claims 3
~ 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. 3
~ 2. To pay alt 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, shafl also be secured by this mortgage. ~
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~ 3. To commit, permit, or suffer n, waste, impairment or deterioration of the mortgaged property. ~
~ 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.
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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-
ee and Mort ee ma forectose this mort a e in the manner rovided b law, and have the mort a s
9 9a9 Y 9 9 P Y 9 9~ ,
_ ed property sold to satisfy or apply on the indebtedness hereby secured. ~
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