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MORTGAGE ;'~i,
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Ralph N. Slaith snei .I~n~ L~; =,bi hi s r3 ~e
herein "Mongagor", whethe~ singular or plural, in co~side~ation of conveyance of reat property here-
inafte~ described~ by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., he~ein "Mortgagee", a~d to i
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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 ~ 7th day of l~eurch
A.D. 19 72 , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. Lucie County, Florida, described as follows:
Condominium Parcel: Lot #~1 of VENTURE OUT Af ST. IUCIE, INC., a Con- ~
dominium, according to the Declaration of Condominium the~eof recorded in Official Re-
cords Book 189 at page 1677, et. seq., of the Public Records of St. Lucie County, F lorida.
As provided fo~ by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Flo~ida Statutes 1965, et seq.l, said description in this conveyance includes, but is not
• limited to, all appurtenances
to
tFie Condominium Parcel described, including the limiteci
common elements assigned th~:reto 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:
~ sb,.9.65.33---------- .i.~..~ e«u+. Florid~. ~~C~_..Z...-•-•-•-••-- ~9.. ~Z-
Z Fw vslu~ naiv~d. w~. or ~ithK ot us promi~ ~o p~y to tM ordK oi
v VENTURE OUT IN AMERICA AT ST. LUCIE, INC. ~t.JeiueneNC+~ Ba~lc,.lensa~+e~ach. Fbrida.
~ tssswmot S3x Tholi~a~ld N311@ ttt~d~c@d Sixty-Five._aad.33f100---_-.--.--------------- oo~~srs.
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N payable in ..._..Jg....-•-----••--°--...~qu ~I corn~eutM moMhly irstaUm~MS of =----~,~.~n.Q~ _ qch and-•-----~e equal consawtiw
Q monthly instsllments of S.. llf~• bl ssch, tM fi~st i~qllm~nt to b~oorrn WYabl~ on th~---••---•-----7~=-•.~......-•---•------~---._. d~Y of
Q April--------------- 19..T.2..•--- and orn weh installm~nt to b~eorn~ dw sM p~yabl~ on tM--------••--~Jt~l---•----•_...-----......---..- dal/ of
v sach suocNdirg month until tM whol~ of s~id ir~btnps is p~id, in full, with i~ ~t tM nb of 70 pst wnt p~r ~nnutn ahK d~hu~t_
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W It Issqr Nd t~at tlm~ If of tM ~~u of this contract anO tA~t tn tf» rvM1t of O~fault In piymMt Ot ~ny Ir~llm~nt to~ a p~rlod oi tAlrty dsys lM
~ ho1M? 01 thlf nOt~ may. at Itt optlon. d~tlsr~ ~II th~ ~Nn~InMr of sald WOt du~ ~nd CWNCtIbN and anY faltun to pcKtls~ sald optlon sh~11 not tw~stt-
a tut~ a walw? of tM rtyht to ~xKCls~ tM sam~ it any otMr tlm~. In tM ~wiK oi Mfault In p~yrmnt oi thls not~ and if tM s~m~ Is place0 In tM hands
? ot sn attorrwY iqr tollectton, 1, w~. orA1tIw oi us, ~qrM to psy all costs of colNctbn. ~nauan~ a r«sonsw. aKo.n.~r~s t... ~n cas. wrm«~t sn~n ~o~
F I D~ mad~ at maturtty, tM mslurs. wr~t~if,uW lO1Mly a~d s~v~ra11Ys~ ?N to anY ~xt~nfFO~K q~M~~~s wlthout furtMr notlu. Wndlnq our-
~ fNws tor PsymMt hN~ot. ss It no ~xtNeldns th~N O? O~?anq of paymN~t Aa0 DNn rt~a0~ or ynnbd.
p 1, or vw. and ~sch ot us wA~tMt Prtnclpaf. lu~Y. 9~iMOr. Mdors~?. or otlNr party h~r~to. ayrM to W lolntly a~d s~v~rally Dou~M. 1, or vw. exn
W furth~r watw demand. prot~st. s~W no(IC~ 0/ d~rturW, pfOt~ft. ind nolrpiynNnt.
I ac Given unda the hsod ~nd sMlaL!!u! Y• '
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Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
of all persons whomsoever, 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.
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.
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 ~ate 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 afte~ 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.
o e ~ ~s-
3-~ n~ r~na~r aF ~t
BOOK 201 PAGE a~7U ~E ~ ~ ~ ~n~
- - rllRSIIAiUi TO l~IAPTER 71-131. ACTt Of 1l71. ~
fl06E~i 1pTRILS, CNrk C~~atd (burt. St. lyd~ Co. FN.
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