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Robert F Messer~i~~epd Javne sger~ mg
ith~ hiQ nife
herein "Mortgagor", whether singular or plural, in consideration of conveyance of real property here
inafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, INC., herein''Mortgagee",andto
secure payment of the balance of the purchase price by Mortgagor obligated to be paid, as evidenced
by promissory note fully identified herein, hereby on this 26th day of _ Marc,h
A.D. 19 72 , conveys acid mortgages to the said Murtgagee its successors and assigns the real proper
ty in St. Lucie County, F~orida, described as follows:
Condominium Parcel: Loi # 91 of VENTIiRE OUT A f ST. LUCIE, INC., a Con-
dominium, according 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, F lorida.
As provided for by the Condominium Act of the Statutes of the State of Florida (Chapter
711, Florida Statutes 1965, et seq.), said description in this conveyance includes, but is not
limited to, all appurtenances to
iFie Condominium Parcel described, inctudi~g the limited
common 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:
U I s... 6.~.~9.t.14--~---- e.,~n, F~o.-~a.. ...March..26,- ~9 72 =
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z For value rsceived, 1, ws, or eithsr ot us promise to psy to tAs order of
~ VENTURE OUT IN AMERICA AT ST. LUCIE, INC. atJensen Bsach 8ank, Jensen Bea.;h. Fturufa,
~ ~ tn~~,mof..._.Six. 1'housand._I~'ive_..Hundred__Fozty--_Nir~e. and_.1Of100-_---.----_-----..~_ :
- - . . ~ ~ ~ Dollars,
y payaWe in _...-----..~.~9... equal consecutive monthly instaumeots ot S__54. ST------•-.------. tach and _.011Q equal consecutiw ;
Q l monthly i~utallments of S.._ ...55. 27. each, tne t~.st inswumsnt te beooms Payat~a on tt» ............26t11 day of ;
Q _ ApZil _ 19 .._?2... and one wch instsllment to b~coms dw snd paysbt~ on tAe_.-- ............2bth.. day of ;
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~ ~ each wtceeding montA until the whofe o/ said indebtr~ess is paed, in full, with intaest st ths rat~ of 10 per tent per annum afte~ default.
~ 1t Isa9 reed t~at tlme Is of the essenc~ of this contract and tAat !n tA~ went of 6~fiult In p~yrtw~t ot any tnstatlme~t for s perlod ol t~irty days the
Q i hola~r of thts ~ote msy, at Its optlon, decisre a11 tha r~mst~der oT silA d~bt du~ snd coll~ctlbl~ and any fatlur~ to ex~rcls~ sald oDtlon sha11 not constl-
tuta a wsiver of t~e rlqht to tzerclss the same at any otMr tlrrN. In tM ~r~nt of d~fault In psyrrNnt ot tAls ~ot~ and if the same fs O~~~ed in tAa hands F
? ot an attorney tor collectlon. 1, w~, or Nthar of us, aqree to psy all costs of coll~ctlon, Includlny s rqsonaDl~ attor~~y's te~. In use payment sha~~ not ?
F, be made ~t maturtfy, t~e mak~rs, furetNS, snd endorse?s, ~olntly antl s~v~rslly a9r~! to ~ny ~xt~nslons or r~n~wals wlthout furthe? notlce, DlnOiny our-
] s~Ires tor paym~nt h~r~of~ ss If no extanstons ot tlm~ or forWarance oi paym~nt hsd DMn msd~ o~ ynnt~d.
p 1, or we, and uch ot us wh~;A~r prlnClpsl, surety. gu~rsntor, ~ndors~r, or oth~r p~rty ~to, aqrw to Ds Jolntly and sevenlly DounA. 1, or we, exn
w further wslv~ demanG. prot~st, snd rtotlcs of d~msnd, prot~st, a~d non-payrtN~t.
j Given under tl?~ hand snd sesl of esth psrty. ' I~ , - ~
z ~ 1669...Turtle_,Creek_ South,_._South,_.Bend,__.I~d,~C ,fj~„~?.~~?3`L~~~. ~sEau
> ~ . ~6637 AdCr~is , ;
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NO._. ' ' . : _ Ll• ~ j.~.__..~ .c~_.~:..F:~. ..C.,i 1.f~:.~l~ (SEAL) s
Mortgagor fully warrants the tiile to said land and will defend the same against the lawful claims
of all persons whomsoever, and agrees:
1. To make all payments required by that note and this mortgage promptly when due. -
2. To pay ~II taxes, assessments, liens and encumbrances on that property promptly when due.
If they are not promptly paid the Mortgagee may pay them wiihout waiving the option to foreclose,
and such payments, with interest thereon from ihe date of payment at the same ?ate as specified in
that note, shall 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 ~ate as
specified in that note, shall also be secured by this morigage.
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 satisfy or apply on the indebtedness hereby secured.
~~~~.9 P~~E 326
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