HomeMy WebLinkAbout2197 ' L@OA tt. Terry ~d
hernin "Hortgagor". ?rl:ethe~ singular or plural, in tons`.dcration of tonvcyance of ~cal propcrty I~creinafter~~ Z fL
described Dy HOLI~AY OUT IN IWERICA AT ST. ~UC1E, Ikt., Aerein "t3ortgagee", an0 to secure payment of the
balance of the purchase price by Nortgagoc oDli9ated to be paid~ as evidenced by promissory note tully .
ldentificd herein, hereby on this 2nd day ot Noveo~ber ~ A.D. l9'72 . conveys and awrt9ages
to the said Nortgagee its successors and assiqns the real property i~ St. Lucie Coun~y, Florida, desc~ibed
as follo+~s:
Condominiun Parcel: l~t of F10lIDAY Ot)T AT ST. LI~CJE, IliC., a Co~doni~ic.~n, attordinq •
to tRe Declaration of Condom~n~Ln t ereof, recorded in Offitial Records Book 168, Paee 1348, et.
seq. of the Public Records c+f St. lucie Ccunty, Flori~a as amended Dy Aare~:ent dated danuary 31,
1969 recorded in 8ook 175, Page 1652 et. seo. sai~f Public Records ("Lot"). As orovided for by
the Condeniniu~ Act of the Statutes of the State of Florida (ChaDter 711, et. seo. 1955 as sub-
sequently aRendM) sai~ destrintion in this conveyance incluc~es, but is not lin~ited to, all
appurtenances to the ccndor.,iniun rarcet above descrihed, includino the linited_ca-r.~n el~ents
assigned thereto, and including the undivided_interest in the tornon ele~nents of said Conda~ini~.
TNIS IS A~ PURCHASE MONEY N~ORTGAGE
As security for the p~yr.~ent of the pro:~issory note of which the follo~+ing is a copy:
~ s 4, 320.00 ~M te+c~, ~~w~u Nov mb r 2 , t9.i~
~ TK ~~lY! ?l~t1~t~~ l, re. Or litAtr Of Irt NOa~s! t0 Mr t~ tEe Ordtr 0~ g~~ •
N~IDAY OUT IN kF:ERICA AT ST. LUCIE, INC.
~ t~ w•r FOUr thousand three hundrg~ t+w : nd mllnn_________ __Q,,,,,~,~ ~ ~ ~ ~
~ JS:S ~eac~t?ee 2ce4. i.E Srite 1Z10. Atua4. W. p~y~~le tn OD@ ec~~al n S
N tr.sttt t~ents at S
~4'320.00 ~~c~, ihr Iwa inas~imenc io ~me o~s sno wraa~e on or betw~ u+e ~ n YZ
November
daY ol ¦ 19~~M o~t iiuisllment to Oecome due aM paysDtt on a bNae t1u n°n e ~ 2 .
~ . day of exA tuctze~:r+g montA until tAt vrAOk ol y~d indMtnest is W d. w:th intRest Irom nvturit~ at tl+e nt~ ol 10 eeecen ter av.,~ siter lerHtt.
' ~p Y
It k ai~eeA lMt tlr.ee h of t~e estence of teh eeatuc~ ~eO tMt In 1M event of O~!auU M wr~tnl o/ ~nY uutaumenl to~ a oerlo0 of tAtrty es~n tM Z
~ not~tr ot t~it note r.,_r. ~t m c~~:joo. eecw~ ~u tn~ reme~n~trpl sNa eeat aw ~nO co:sectta~ ~:+a eny ta+iw~ ta eaereist sa~a ooUOn s~an noi coest~• r~„
' wta s waaver et tnt n:i~ ~o eaer:~tie tn~ um.s at aar etr.rr eur~. ~n ~ae e.cm M e~~~ctt ~n osyment nt tn:t r.o!e ano 11 tne f,~me is Maceo ~n t~e nan~s ~ O
w • ot an attwner tor cc:.r.~.an, t...~. or e.e~e. e! ..s. a_•ae to car an ers:t e~ eo~~ec~~ar.. mcouC.~a i wsoneDi~ Ntwne~Y Itl. ~n uu asrmem;eeq not y~~~
Ge m~ne at na:u:~tr. t^e m).lff. :u+l:!ti. ~1C l~CJrt.•f. IUnt1y ~f1p ft~t'~I~y t irl~ t0 ~'~y talt^SIJ1N Of /tAtwN~ wilNOYI ~YfI~/ DOtK~~ Wna~q ow- a
~ sN~ts Iw winenl nea~1. ~s N wo aa:ens~w.s o1 time a tcrpear~nc~ o~ p;rment MO oecn maa~ w Ueanteo. ~ Z
1, w we, and ex!~ ot.us ~.~+e::x* ~~r~u~~~, swetv, ~.++rs~ua, eroxxr, or othtr pxty nereto, sprte Io be p~nUy sM sevasU~ bound, l,a wt, ~c~~ m y
4 exAf~rtherwsmceminO,proteu,ectlct ef le~~n_. 0?lttSt. iaC eon-Wyne~t. y~<
G.ren under ~ne nard snd seai ot acn parir. ;
~ November 2nd 1972 t ~r ' 8 °
~+0.~-4 a» M _ .._._.__~s~.n : ~ ~
119 West Mich. Ave. Ypsilanti Mich
. . ~ _....~......_.....fSes11 ~ ~ -r
Hortgagor fully rrarra ts theYti:le to said land and ~rill defend the sawe against the la ul claiais of all
persons r:hoascever, and agrees: ~
1. To wake all pay~nts required dy that note and this mortgage proa~ptly rehe~ due.
2. To pay all taxes, assessiaents, liens and encumbrances on that property praoptly trhen due.
If they are not preciptly paid the Kortcagee cay pay them without xaiving the option to foreclose, and such
payaents, r~ith interest thereon from the date of paycrent at the same rate as specified in that note, shall
' also be secured by this ~rtgage.
~ 3. To ca~a^ait, perwit, or suffer no Naste, iapairo~.ent or deterioration of the wortgaged property.
~ 4. To pay all exaenses reasonably incurred by the ~lortgagee because of failure of the Hortqagor ;o
~ tomply aith the agree.~~nts in tnat note or this c~ortgage, including reasonable attorneys' fees and title
searches. The cost th~reof, Hith interest thereon frea t6e day of payc.ent at the sa~ rate as specified
in that n~te, shall also be secured by tnis cortgage.
5. If any payneat provided for in that note is not paid trithin 34 days after it becomes due, or if
any agree.:.:ni in this :.~rLgage o:hzr than the agree~nt to m~ke the payrents is breached, the entire ur.paid
ps-intipal balar.ce os i^at no:~ shall i~ediately bece~e dne at the option of the ~".ortgagee and ~;ortgaeee c.~y
foreclose this :ortg~se in tne c.~nner provided by lax, ar~d have the ~rtgaged property sold to saLisfy or
apply on the i~debtecrtess hereby secured.
6. The rents and profits of the ~ort5aged pron~rty are also hereby ~Artgaged aod if proceedings to
foreclose this r:ortga;e shall be insiituted, the courL having jurisdiction thereof sheuld ap?oint a receiver
of th~ r..ortcac,~d p?'Cr?!'!~ and apply thos~ ren:s and profits to the indeb:edaess t.ereby secured, regardless
of the solver~cy of the :•:ortgaSor or the adequacy of the security.
Itt NIT::~55 KN~REOF, the Ftort9agor has hereunto set his hand and seal the day and year first above Nritten.
Signed. Sesled an3 Qelivered
~ in the P se~ce o: /
_ ~ - .
~ ~ c
.
As ~:itncsscs to thc ~.~r;g3gors
~ -
~ STl.IE GF ftC~:t'A )
~ COl'r::T f 0~ 51 . l CC I i, ) SS
J hcrchy~tc~,i~tity tfiat on this datc. tsctorc r.c. a I.otary Public duly authorized in thc Statc and County
naracA ahcwc..La..a~g~ a~S:oo:ilcd~,;°ents. p~r:onally ap~eared ~p~..~
to r.e 1-un::n.~q hr•ttiL~~~rr~son or p~r~or~~, C: :crii.ed as F:o~•tgagor i-n and ~:fio execut~ t~~r or~,o~~igi,iort~.igc ar.cl'
dcknoxi'a:~~~i.~~cFoi't~ L.p tisc• exrcuiion c;l' sa:ac.
.
~f{Ynes~_cry~han~ .:nd ts~ficial sr~l in tfie [ouniy an~l statC naiac~d abOYr. thls 2nd day ot~NOVember .
14 Z2".; - _ , ~
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- apCK~.~R u~~i.,ry r~~~t~ ~ %
~ ' G .,r PAL[ .
" (Uolary :~•.~t)~ ~ ~1y Cc~+irnl ::Im~ (xplr~r;: y~~-----.---- ~
_ Millie Yaz.~----~• -
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