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MQRTGAGE ~~1~ o~~'~~
Donald A. Ds,y and/or poris L.~ D~,Y. his wif~
herein "Mortgagor"; rvhether singula~ or ptural, in conside~atio~ of co~veyance of reai property here- 4
inafte~ described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herei~ "Mortgagee",andto
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promisso~y note futly identified herein, hereby on this 18th day o! ~arcli
A.D. 19 72 , conveys and mortgages to ti~e saia ~viortgagee its sui;i,-~ii~ s o~
w a~;~~~;s -
ty in St. Lucie County, F lorida, described as follows:
Condominium Parcel: Lot ~ 23 of VENTURE OUT Af ST. LUCIE, INE., a Con-
, dominium, according to tF~ 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 fo~ by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes f965, ei seq.?, said description in this conveyance includes, but is not
limited to, a!I appurtenances to t e Condominium Parce! described, including the limited
common elements assig~ed thsreto 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. .Sx218e.~.~~.....---• JMwn B~.eh. Ftorid~, -•...---~--18-s--• 19..72.
Z For vslu~ nttiwd. t. v~. tK athw of us P~+i~ to P~Y to tM ordr of
VENTURE OUT tN AMERICA AT ST.. LUCI/E~, INC. . sc,kn,.nBMCne.dc..~ns.n a..cn. F~o.~d.,
tMsumof.PYVe__T1101if~1d 1~0 ~l~~@d ~~it@!D u!d J~'~rJ/+~-~-~~~-..~~~..~....,.~~~~~~..~pal~,
pual ooro~cutiw monthl insallm~nts of Q` n~f .
y piy~blf Ifl _.__....--•°-----,r-~_..-------- Y =•-.•--GlYw.7[I NC~1a11d.......Q~Q,...--~•'---a;..RQUiI OOffi~CtiltlM~
monthfy instaNm~nu of 5---••--.BZ.a~.• Ncb, tM first irstallm~nt M b~oom~ ptyabN oe tM._.._...-•-•------....._~at~l d~y of
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a -------------l~Psil--------------•-----•--. ~s.72.----- .~,a a+..,a~ ~~M,«n ~o b.ooR~ aw.~+a o.y.a. oo tn.._...----------.._.:...18th; d~r of
v pch woce~di month uMil tM whol~ of s~id ind~btnas is id, in futl, wiM irn~nst ~t d» rab of 10 "
Q AY P~ PK CMft PK ~11M1111~tK d/~aU1t.
W It ff~t sW that ttme Is of ttN ~nn of tnls co~tract ana th~t te tM ~v~nt ot dNwlt In payma~t ot 11KtaMnNllt tOr ~ pK{pa 01 thlRy Oiys tM
~ ~oldK of thls Iwt~ maY. at Ib eOtion. Wtlar~ iN tM f~maU~dK ot tild tlbt aw arW eoN~et101~ anA anY f~ t0 ~tKtb~ q~M,oPtlon sns11 rwt Constl•
a tuh a walwr of tMH~A t to ucKCl» tM sam~ at s~y othK tlm~. In tM ~wnt of dNault In p~ym~nt of thts not~ snd It tM s~m~,ls placb In tn~ h~nas
? of sn attornry Tor coifxtlo~. 1~ rw, or NtM? of ~n. ayrM to pay sll costs oi cWNttbn. lequdlry a rwsonabM attamy's N~. 1~ cafrp~]Im~nt sASll not
D~ mseN st ~n~turltY. tM msiars, sur~tbt. and~or~~s, JWntty snd sMrMallys~r~ to ~ pttMnlOnf a fMMwals wlthplt futtAM eotti,t. pln~iny pur•
> sNws for psyn~t M?~of~ as If r~avct~nslons of tlm~ w iwb~awno~ of psym~nt IfaA pMn mad~ o~ ~r~nt~A.
p 1. or w~. and ~acB of us wh~t1~ prlnCloal.'
w--~_t-Yl WMsMOr. ~iWOrsN. or othN puty BN~to• ayrM to b~ Jolntly and f~v~nlly Oound. 1. w w+. sac~
W tYlthK 1IqIV~ dM1~Ild~ prot~ft, snd i1MfC~ Of ~.a, pqt~st. snd no~WY~n~nt.
? GIVM Ufl1fM tM hi11d afld f~N Of MCI1 ~RY. ~
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Mortgagor fully warrants ttie title to said tand and will defend the same against the lawful claims
of all persons whomsoeve~, 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.
I If they are not promptly paid tt~ Mortgagee may pay them without waiving the option to foreclose,
and such payments, with interest tt~eon from the date of payment at the same rate as specified in '
~ that note, shall also be secured by this mortgage.
3. To commit, perrnit, or suffer no waste, impairment or deterioration of the mortgaged property.
4, To pay all expenses reasonably incur~ed by the Mortgagee because of failure of the Mortgagor to
comply with the agreements in that note or this mortgage, inciuding reasonabte attorneys' fees and
title searches. The oost the~eof, with interest thereon from the day of payment at the same rate 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 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 shail immediately become due at the option of the Mortga-
gee and Mortgagee may -forectose this mortgage in the manner provided by law, and have the mo?tgag-
ed property sold to satisfy or apply o~ the indebtedness hereby secured.
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goQK ~01 ~~f 702
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