HomeMy WebLinkAbout0712 ' W STA'rE F LUF~IU~ ~ o~
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J~ =~1~^ MORTGAGE I~
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a ~t~r. K ec~c~ac ` 3~~f" i~
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. r.ooar~e A. Caswnt~c and ~a B. t~s~ot~r, hia ~il~
herein "Mortgago~", whether singular o~ plurai, in consideration of conveyance of ~eai property here-
inafter described by VENTURE OUT IN AMERICA AT ST. IUCIE, INC., herein''Mortgagee", andto
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promissory note futly identified herein, hereby on this 16~? day of
A.D. 19,~~, 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 ~ ~ of VENTURE OUT Af ST. LUCIE, INC., a Con-
dominium, according to the Declaration of Condbminium the~eof ~ecorded i~ 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 tChapter
711, Florida Statutes 1965, et seq.1, said description in this conveyance includes, but is not
limited to, all appurtenances to t Condominium Parcel described, including the limited
common elements assigned thereto and includirtg 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:
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F« ~n~w ?.c.iwa. w., or .itn.r ot us prani~. ~o v.y m an ora.? of .
~t~' VENTURE OUT IN AMERICA AT ST. LUCfE, INC. ac.~.~e«cnsank,.~er~sene.scn. Fiw~,,
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j thssumof._..•--~~~'..~Q'5~~4~_...---~....._._..~~.....-----4..~~...._..~.•----...-•-•---•---•.....••---.._-•-----------------------••••-_..__.....•----Dotl
y WYaW~ in pual oo~t'.utiw monthly ir~Ullm~ntsof =--•1~! 16 Mch snd_---••-• ~e.-•.__._._.. p~+s! co~uecutiw
a Rw„tniY ~~ua~„»~a or s..--------160:26-----•--...__ «r.n, tt~s fint in~tallm~nt to b~eon» P~Ya~. oo n+.._......-• 16th.--••---------.--- d,~, of
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v wch sutcfedi montA uMil tM whol~ of s~id ind~btnas is psid, in full. wiM inbr~R ~t th~ taU of 10
~ W P~r ant PK snnurn ~ft~r defsult.
~ hol ~d~?sof thl: noh tmaY. st Its oPtlon, Wclannall th~~riana(nder of sald Wbt dut ~ aW ~~colbetl~
an6 snY ~1pur~~to bcMirebi
sil
~optbn shNlt~ot aco sU
a tut~ ~ wsivM of th~ nyAt to ~x~?cls~ tM tam~ at sny otMr ttm~. In tM ~wnt of dNaWt In paymMlt Ot tMs rwt~ MW tf th~ fim~ Is plaud In tM hanAs
z of a~ atWrnry tor colNCHoe. f. vw, w NtM~ of us. ayrM to psy aN tosts ot eolNctlon, Mdudln~ i nMOnibN attonwy"s t«. In cas~ paymN+t snall ~ot
W ~nad~ ~t ~Yrfty. th~ m~kus„ fut~thf. and ~ndots~~s,, Jolntly a~M s~vMallys~r~ to any ~xt~nYoM M rMNwals wlthout futtAN notlu. Wndlnq our-
3 iNvts tor paym~qt e~r~of. sf Ii no ~xt~nslons of tlm~ o? to?W~r~no~ Ot paynNnt hsd O~N~ maA~ w~rant~A.
p 1. or •vw. and"~ath oi us wh~tAK Prlnclpsl. wr~tY ywraMo~. ~ndo~. or otlwr party iw~to. aqrM to ~ Jotntly ~nd s~vKally bourW. 1. or vw. ~acN
fuKnK walw dlvi~d. P~aat. a~W notk~ of Mmsn~. Drot~st. and noo-p~ymM~t. ~
GivM und~r th~ hand and sM1 of sah p~rty.
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Mortgagor fully warrants the title ta said land and will defend the same against ihe lawfu! claims ~
of all persons whomsoever, and agrees:
1. To make all payments required by that note and this mortgage promptly when due.
i .
; 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due.
. I
I If they are not promptly paid the Mortgagee may pay theitl without waiving the option to foreclose,
and such payments, with interest thereon from the date o~ payrr~ent at the same rate as specified in ~
I that note, shall alw be secured by this mortgage. ~ .
~ ~
3. To commit, permit, or suffer no waste, impairmer~t or deterioration of the mortgaged property.
.
4. To pay atl expenses ~easonably incur~ed by the Mortga~b~caus~ o~ f ilure of the Mortgagor to
; comply with the agreemenis in that note or this mortgage, includmg ~e~iable attorneys' fees and
~ title searches. The cost thereof, with interest thereon from the day of paymeni at the same rate as
specified in that note, shail also be secured by this mo'rtgage. ~
5. If any payment provided for in that note is not paid within 30 days after it becomes due, or if i
, 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 Mongagee may foreclose this mortgage in the manner ~rovided by law, and have ihe mortgag-
' ed property sotd to satisfy or apply on the indebtedness hereby secured.
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. sooK 201 PAGE .711
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