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MORTGAGE
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DQbco Inc. aAd Acao Uailos~ Ra~tals Ioc.
herein "Mortgagor", ~nrhethe~ singular or plural, in co~sideration of conveyance of real p~operty 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 Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this btb day of ~r~ ~
,
A.D. 19~, conveys and mo~tgages to the said Mortgagee its successors and assigns the ~eal proper- ~
ty in St. lucie County, Florida, desc~ibed as follows: ~
Condominium ~a~cei: ~ot of VEi1iTUR~ ~t3T r,t ST. LJCiE, i~~C., o C:;~~- -
dominium, according to the Deciaration 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 Co~dominium Parcel described, including the limited
common elements assigned tFwreto 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:
~ S...a.i~~4.7Q.44._._ .Nesrn BMCh. Florid~. ---.~AZ~bI.-~~ 197Z-
? For valus nc~iwd, I, v~. or eithK of us promiw to p~y to th~ ord~r of .
v I VENTURE OUT IN AMERICA AT ST. LUCIE INC. at.J•r~senee.cnssn~c.Jenseneeacn.F~o.~aa.
~ d Fouur Hundred Sevent and 94 t00-------------------_---.. oa~sn
~ ~ tM sum of ~4~.V~._.~~!4~$~-•--•-°---••--...-•--•••-••---•°-------••---------------Y.__._.._.......--•-•----••.-••-••----••••--°•----....-•-•----••---•--•••---••---~- •
psyaWe in ------11~------------------ equ~ consseutivs moMh~y installm~naof 5----103.92....-•--•----- pch ~nd--•-•-••-•~e.---- e~+sl conseeutiw
N
Q ` monthly iiutsllmsnts of 5~..._.-_ lO4! 46--------••---•• ach, ths first iratsllm~nt to b~oort» WYabN on th~-------------••-•-.•6~ day of
19_.?2__._. aM one wch ir~st~llment to b~ea~N dw snd p~yablt on tM.--•-••-•-•-••--•-Gt~i_.. _ day of ~
a I - ------..A~r_i~,---... . - ~
- v ~ each asc~asdinp montA unte! the wl~ole of ~id i~wd~btnas a psid, in full, with iM~rat at th~ r~t~ of 10 pK pnt pK aruwrr~ aft~rdNault_
¢
W It Isa~ Nd that tlrtw Is of tM us~nu of thls wntnct snd tAat In tM ~vMt ot Nhult In piymMt of ~ny IrKtaltnNnt tOr a pNlod of thl~ty Qays tM
~ nolda of thls not~ may. st its optlon. d~clsr~ all th~ r~mal~r oi sala Wbt du~ and cWNCt10N snd anY iallur~ to uc~?els~ sald op/los sha11 not constl-
a tut~ a watrer of tM rlgnt co ~x~rcW tM sarm at any otMr tlm~. In tM ~wnt o1 WtauR In paym~nt ot thls not~ and if tM sarns Is D~b th~ hs~Ws
? ~Dti ~msde at
maturitYatllttt~k
~irs.~ft~intl~s,
and
tindon~inN. la ti snd s~i+r~ally a~~r~t~o a~y i ti,inlw~s~a~r~inwmals w~nwu~t urth~~~noUi. b~ndinq o
t
F" sNws iw psym~nt nKwf, ss It no ~xt~nslons ci tlm~ or torWanoa of p~ymMt ~sd bMn maW or 4rantW.
' ~ 1, or w~. snd ~sch oi us wh~tMr prlnclpal. wrttY. 9wr~ntw. ~ndors~?. or otMr party Mr~to. ~yrM to W jolotly and ~vn~lly 4ourM. 1, or we. eacn
~ I furtha wslw demsnd. prot~st. and nottc~ of am~nd, p?ot~st. sn~ non~paym~nt.
W ~~~tl~ ~
; ? I GivK+ und~ tht hsnd and sal of ssch pxty.
' z ~ 2~3~,...~x~~__A~_:_.South~.__Bizainghaa1--.A1_a, ~ - • - ---~--~..---._tSEAI)
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j ~ ~ 39233 iwa.a: IZ.~ ~ES., ~.t~t?
I NO.-- ~ • , .rt;'-•-...._.. ---..ISEAL)
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~ Mortgagor fully war~ants the titte to said land and will defend the same ag~i~t ~J• !~l' ul claiint -
of all persons whomsoever, and agrees: . . . : • 3 $ ~ ~ = ~
- - • -
• • - - . ,
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1. To make all payments required bycthat note and this mortgage promptly wfs~h
di~~f G•j•~.
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2. To pay all taxes, assessments, lien's
and encumbrances Qn that property promptlj/~whe~.due:
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~ If they are not promptly paid the Mot~ga~~fia~ 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 `
0.~~~~ that note, shatl also be secured by this mortgage.
Z~~ 8 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property.
z~~ 4. To a all ex nses reasonabl incur~ed b the Mort a ee because of failure of the Mort r to
~ ~ W° P Y Pe Y~ Y 9 9 9a9o
~ Z~~ comply with the agreements in that note or this mortgage, including reasonable attorneys' fees and
~ U title searches. The cost thereof, with interest thereon f~om t h e day o f payment at t he same rate as
~ specified in that note, shall also be secured by this mortgage. ~
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~ ~ o~~; 5. If any payment provided for in that note is not paid within 30 days after it becomes due, or if
~ W * 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 immediatety 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 he~eby secured.
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