HomeMy WebLinkAbout1976 . ~p. o o ~
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MORTGAGE 2i~59SS ~ • ~
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Fred F. Davis and ~titargaret V. Davis, his wife
herein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here-
inafter 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 28th day of February ~
A.D. 19 72 , 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 i~ 54 of VENTURE OUT A ~ ST. LUCIE, INC., a Con-
dominiurn, 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 of the State of Flo~ida (Chapter ~
711, Florida Statutes 1965, et seq.?, said description in this conveyance includes, but is not ~
limited to, all appurtenances
t~e Condominium Parcel described, including the limited
common elements assigned thereto and including the undivided interest in the common eie-
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:
ci s---11~754..9..4__.. ~n B~sch, Florida, --......F~t?~C.41lUr.X-..~$~--. 197,Z.
? For value rxeiwd, 1, we, or eitMr ot us promise to pay to tM ord~. of ~
~ VENTURE OUT IN AMERICA AT ST. LUCIE, INC. stJ~r~sen B~sch Bsnk, Je~en Beach. Fior~ds.
~ .
~ tnewmo~..Gleve_n__.Thousa_nd___Seven__Hundred___Fifty-Nine..and 94/100-_---.-_---.-_---.-.---.--oaiars.
v~i E Pavabte in 119------.. - pusl cons~cut~ve monthty irntsllmM+u of S._.97 . 99----- escn snd .one en~,ai co~secoc~?.
month~y imtal~mentsof S--...-----~-9-~-1-3------...-~------ each, tM first irutsllrrrnt to b~come psysbl~ on tM..•---••-••--2Stil----------------- day of
a 28th
Q'--------.ti1dX..C.t?--.----_.. 19 72.-.--- and one wch inatsllment to b~con?~ du~ and ptyabl~ on tM---•---------•-- • . day of
~ ~~ach woceedinp month until the whole of said indebt~s is paid, in full, with intK~st ~t tM nt~ of 10 pK an[ per annum sft~r default. ~
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~ j~ It iss9~ eeA ihat tIrt» Is ot tM euanc~ of thts contract and tMt In tM rnnt of Wfault In paYrrN~t OI iny Installm~nt for a p~rlod of thlrtY Mys th~
Q j NotMr of thlf not~ may. ~t its optlon, doclar~ all the r~malnd~r ot salA d~bt Au~ snd cO11~ctIDN iM sny fallur~ to ~x~rcts~ sald optlon sAall ~ot constl-
Z tute a walve~ of tn~ rlgnt to ~zKCls~ tAe sam~ st any oth~r tlm~. In tM ~v~nt ot d~tault In payrt~t of tAls not~ snd tt tA~ same Is ptxed in tne hands
_ ~ ot an attornsy tor tollectlon, 1, w~, o~ Nthtr ot uf. aqrw to D~Y costs of coll~ctbn. Indudlny a~afOwaDl~ attOrn~y's fN. (n tat~ D~Yment s~a11, not
' De maM at maturlty, tA~ mak~rf, wretl~s, anC ~ndorsers, Iolntly and s~rN~lly ayrN to sny ~xt~Mions or r~wsls wlthout furtMr nOtlc~, DlnOing our-
j sNvss for psyment M~wf, ss If no txternions oi tlm~ or torWaranu of payrMnt AaC DMn mW~ or yrsnt~d.
1, or wa, and ~ach o1 ui wh~ther prlnClpil, wr~ty. Quarantor, ~nAOrs~t. or othN party INr~to. agrM t0 b~ Jolntly and f~v~rally bound. 1, O? w~, exn
~I ~ furtne~ watve demand, prot~st, and notlc~ of WmanC, prot~st, snd non-payrrwnt.
i oc ! Given under the hand ~nd ssal of each party.
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` z ~ __1.8~3...A..----!~ildberrY...Dr_._,..Glenview_,__.I11._..601~ ~ (SEAL)
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; Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
~ of afl 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.
~ 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.
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~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
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3 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to
_ comply with the agreements in that r~te or this mortgage, including reasonable attorneys' fees and ~
title searches. The co$ti thereof, with interest thereon from the day of payment at the same rate as ~
~ specified in that note, shalt also be secured by this mortgage.
1 5. If any payment provided for i~ t~t~~ note is not paid within 30 days after it becomes due, or if
any agreement in thi~'rrlg~t~~~,bth~dt~ the agreement to make the payments is breached, the en-
tire unpaid principaT balance of that note shall immediately become due at the option of the Mortga-
r-; 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.
- 8a~200 ~~g75
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