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~ 233939 ~ ° ° ~
~ MORTGAGE
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EDMUND cAL.AKAN AND VALORA 1. CALAHAN. HIS WIFE
he~ein "Mortgagor". ~nrhethe~ singula~ or plural, in considerat~on of conveyance of real property here•
inafter described by VENTURE OUT IN AM1ERICA AT ST. LUCI~, INC., herein "Mortgagee". andto
secu~e payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promissory note futly identified he~ein, hereby on this 14th day of June
~
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, descr~bed as follows:
Co~dominium Parcel: Lot # 142 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, according to the Decla~ation of Condominium thereof recorded in Official Re-
cords Book 189 at page 1677. ,et. seq.. of the Public Records of St. Lucie County, F lorida.
As provided for by the Condominium Act of the Statutes af the State of Florida (Chapter
711, Florida Statutes 1965, et seq.l, said description in this conveyance includes, but is not
limited to, all appurtenances
t-
o
tFie Condominium Pa~cel described, including the limited
c:ommon elements assigned thereto 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:
7,907 90 At anta, Georgia
~ s x~E~4~lpE~X61~rlHE. ..----....~une...14.--..........-----... ,s72.....
? For vslus nceiwd. w., a.~tn.~ o~ p~~ w wv to tn~ «a~. of Atl anta, Ge~rgi a
VENTURE OUT IN AMERICA AT ST. LUC{E, INC. .t K~~
"
~ SEVEN THOUSAND,_NINE__HUNDRED__AND..SEVEN._AND..90[100--~--_~-~--~~~_~-,"--______________;..__.. Dol~srs.
the sum ot . . - -
N pay~le in 9---•---•--.G. ppu~sl cor~secuYne monthly installments of S..__G~.?.~Q exh ~nd S~~l~ ~Wa! coruecutive
Q monthly ins all ents oi S-•-...K~aS?~e each. the tirst itKtsllment to betome Dsysble on the_.. __9tF1........ ...iaY of
_ ~U~ . 19._.72_..__ and one wch ir?stallment to becams du~ and payabl~ on the..._. 9tI1 . day of
2 J -----------------~y . _ .
~ ~ each suCCeedi month until the whote of said indebtness is pa~d, in full, with interest at the ~ste of 14 pe? cent per anrwn? after default.
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~ It ts agrced thst ttme Is ot the euence ot t~is cont~act anG that In ths evenl ot defsutt In Dayment ot any Inttiltmfnt or s Derlod o t~lrty Csys th•
Q I holaer ot thts note may, at its oD~~o~, aec~are all the ramainde? ot sald tlebt au~ ~~G co1~KtlDle anG sny tallur~ to exertlse said oDtlon snstl not consti-
Z ~ tutt ~ walver ot t~e rlght to ezcrclse the same st any other tlme. In tM event ot defsult In paym~nt of tt+lf not~ anA If t~e stme Is placea in the hanGs
~ of an attorney tOr collection. I, we, or elther of us, a9~e! t0 p~y all COftS O~ COllectlon. fnCluAinq ~~~sfonsble attOrneY'f tle. In cau D~Yment sna~~ ~ot
~ be ma0e at maturity, the makers. suretlef, and endorxrs, iolntly and severaUy agree to sny ~xtenslons or re~~wsls wlthout furt~er ewtlce, Ina~~g our-
] s~IVes for osYment ~ereot. ss It no extertsions oi time or (orbearancs ot paym~nt naG Deen maM ot gnnt~tl. ;
p 1, or we, antl esch o/ us whctner prlnclpal, surety, guarantor, enOOrser. or oth~r party hereto. s9res to be Jotntly and sav~?ally Dound. or we, esch ~
W futt~er walve tleman0, protest, artC nolice ot tlemanA, D~otest. and non-DaYmsnt.
tz Given under the hand and seal of eatl? party.
~ Z 2936 Spring Yalley Court - S~ . . ~sEAu ~
_ _ . . . - -
; Bentori"'Nar6b"r;~ 1Ni ciii'g"an'~""~'~"-' ~a?.ss
.
NO....14~•--•••--....•--------------•--•---• S/ ISEAU ~
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~ ~ •
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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 alt payments req~iced by that note and this mortgage promptly when~iue. ~
.
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 aiso 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 Mo~tgagor to
~ comply with the agreements in that note or :his mortgage, including reasonable attorneys' fees and
~
title s~arches. The c~st thereof, v~iih interest thereon from the day of payment at the same rate as
specified in tnat no:e, shall also be secured by this mortgage.
5. If any pavrn~;~t provided for in that note is not paid ovithin 30 days after it becomes due, or if ~
~ any agreement ir~ this mort ,age other than the agreement to moke the payments is breached, the en- ~
tire unpaid principal b~lance of that note shall immediately become due at the option of the Mortga- !
gee and Mortgagee rnay foreclosN this mortgage in the manner provided by la~v, and have the mortgag-
ed property sold to ~tisfy ~r apply on the indeatedness hereby secured.
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