HomeMy WebLinkAbout0450 . ~
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MORTGAGE
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~LPrt.~ ~h~ ~t~1 r's ~e~ mu~2~f~. Ps
herein "Mortgagor", whether singular or plural, in co~si~+eration of conveyance of real property here-
inafte~ desc~ibed by VENTURE OUT IN AMERICA AT ST. LUCIE, tNC., herein "Mortgagee", and to
secure payment of the balance of the purchase price by Mortgago~ obligated to be paid. as evidenced
by p~omisso~y note fully identified herein, hereby on this ~3 day of ~t°13YUa ti.~,/
A.D. 19~ , conveys and mortgages to the said Mortgagee its successors and assigns the real proper-
ty in St. lucie County, F lorida, described as follows:
Condominium Parcet: Lot #~S3 of VENTURE OUT A f ST. LUCIE, INC., a Con-
dominium, acco~ding to the 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 for by the Condominium Act of the Statutes of the State of F lorida lChapter
711, Florida Statutes 1965, et seq.), said descriptio~ in this conveyance includes, but is ~ot
limited to, all appurtenances to t e Condominium Parcel described, including the limited
common elements assigned thereto and including the undivided i~terest.in ihe common ele-
ments of said Condominium. -
THIS 1S A PURCHASE MONEY MORTGAGE
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As security for the payment of the promissory note of which the following is a copy: ~
~j 5~~..~r~!•O._~-•--- .Nru~n B~sch, Florid~. -~...~8!~~/..~ler-.-. 19~
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? Fw vslu~ nceiwd, 1, v~, or ~itfwr ot us promis~ to pay to the ordlr of ~
VENTURE O T IN MER ICA AT ST. LUCI E 1 at bruen 8each 8a k; ~er~se~ Beacn, F~or~da, ~
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~ the wm of ~~?EI.~..~.~~A!~--. .~..~~'!C~_ ~(~/1/.~'C. , ~ ~ '
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p - ~~??---•S!-aL - ~~%!_ft - ----•-4:'~.~----~.9 --/e0 Dw~ars. s
y payable in ~•.l.---•--. equ~l consscuti~re morKhly ir?stallm~nts ot 5...___l.. ._t._!._~....•-••--- ~sch and-.---Q equsl consacutiw z
~ mont ly uatsllments of 5----~---~.• '~3--•••--•--••-._ each, the fint i~bllrtNnt to b~cOmt psysbl~ on th~....---...7-~••-----••-•---.......--.--...... day of =
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Q ..~Y1~--...-----------•--•-----•• 19-~-~--- and one wch inscallment to becorn~ du~ and p~y~bl~ on th~----•...•-7 t------•--...-•------- . day of ~
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~ eaCh wcceedinq month until the whols oT said indebtnas is paid, in full, with int~nst at the ntt of 10 pa cent per annum after def~ult. ~
~ It ISa9 read t~at tlrn~ Is of tM ~ss~nc~ ot t~ls contrsct and that In tM ~v~nt oi Nfault In pryrtNnt ot any fnstallm~nt for a perlod ot thlrly Oays the `
Q hold~r of this not~ msy. at its optlon, d~clsr~ all tha remalnd~~ of sald Wbt du~ snd co11KtIW~ srW a~y fallur~ to ~xs~cls~ saltl optlon sha11 ~ot consti• j
Z tub s walvN oi th~ rtqnt co ~xercis~ th~ sarrN at any otMr tlm~. !n tM av~nt ot ~f~ult In paYm~nt ot thls not~ i~d 1f t~~ sims Is D~aceO In tha Asnqs ~
ot ,o attwnry tor car•ctlon. 1. w~, or NtMr of us, ayrN to pay atl costs oi coll~ctbn. Includlnq a ~~asor?abN attor~~ys tae. In case psyment shsU not
~ be msde at maturky, tD~ mak~?f, w~eiles, and ~ndotstrs, Jolntly sntl s~v~rally a9?M to any ~xt~oslo~?s or r~n~wals wltAOUt furtne? notlce, bintling our•
] sNves for psym~nt h~r~of. as It no extanslo~s,ot tlme or forbearanu of psym~nt A~4 DNn mad~ or qnnt~d. t
p or ws, and eacn o1 us wh~tA~r lyrlnelpil~sunty. guarantor, ~~ors~~, or otn~r ps?ty thr~to. ayrM to M jolntly snd sev~rqlly ou . or we, exn ~
W furtner walv~ dema~~ ptp a~W ~otiu of Nmand. ProtKt. snd norrpaYm~nt. •
ac Given ur~dsr the h~hd a~d asl of ssch psrty. ~
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~ ~~+~ff""'= ~ Addr~ss ' `
NO..--~~~- ~ ~ S~ - - (SEAU ~
Mortgagor fully warrants the title to said land and will defend the same against the lawful claims
of all pe~sons whomsoever, and agrees:
1. To make all payments required by that note and this mortgage promptiy when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due.
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I 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
ihat note, shail 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 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 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 ratisfy or apply on the indebtedness hereby secured.
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~ . ~00~2~.3 FACE 450
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