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1'9~1~ ~:1~ MORT~GAGE -
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N?pp~N~ ~ ~W~ {
pii~~~ ELMER J. MAUER _
herei~ "Mo?:gagor", wi~ether singutar ~r ptural, in consideration ~f coc~veyance of real property here-
inafter described by VEf~lTURE OUT IN A~:'fERICA AT ST. LUCiE. INC., herei?~ "R1ortyayee", anci to
sect~re payment of the ualance of ihe ,~urct~ase nrice by MQrty3gor obl:~ated to be paid, as e~•idenced
by promissory note fully identified herein, hereby on this~~__ d~Y ~f .-~J1i.]~t
q.Q, 19~t conveys anci mortgages to the said Mortgagee its successors and assigns the reai proi;e~-
,
ty in St. ~ucie County, F lorida, describeci as fo~lows: '
Condominium Parcel: Lot 60 of VENTURE OUT A f ST. LUCIE, INC., a Cun-
dominium, according to the Declaration of Condominiurt~ thereof ~~corded in Official Re-
cords Book 189 at page 1677, et. seq., of tl~e Public Recor~s of St. Lucie County, Florida.
As provided :or by the Condominium Act of the Statutes of :I~e State Qf Florida (Chapter
711, Florida Statutes 1965, et seq.1, said desc~iption in ihis conveyance includes, but is not
limited to, atl appurtenances
to
~e Condom;nium Parcel described, including the licnited
common elements assigned thpreto and including the undivided interest in the common e1e-
ments of said Condominium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for ihe pa~rment of the promissory note of rvhich the fo!lorvir.g is a copy: ;
a .
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e Jensen Beach, Florida. ..._.JL l~t ---~•S r..
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~ - For vatue recri~red. ~~e, or either ot us prom~se to nay to the order of
; ~ _ k, Jer.s2~ Btacl+. Florida,
VENTURE OUT iN AMERICA AT ST. LUCIE, INC.
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+ = ;n~~,m or _.T.w.o . tho.usand., ..f our ..hun.d.r.e~d._.s~eusn.ty.-.e ~ g.h.i _ and. _0.0/..1.0.0... . - ~ ~
~ ~ al corue~'uuve
: : ~ 9___ _ , equal consetut~ve monthly i:atallmentsot S.--- 1-3-Q •.OO----- each and..... _ _ equ
i : PaYable m . - ~ day of
?ach. the firs; ~~ata~?ment to become payabte on tne--.-••----._ .1 rj-t-h_.-
°y ~ . montMy instaltmentsof $ . . - . . - aay ~
e C ; ° '
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--...A.u.gtis.t. 19 . 7-~.... and one wch instaliment to becor*+edueand paYable on t e-
+ J ; eaCh n.cceed~r+g month uncil thc whote o} sa:d ~ndebtness ~s paid, in tult, vrith interest at t:x rate of 70 pe~ ce~t per an~um aite~ default.
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~ ` tt ts ag~tea tnat t~me ts ot the lsunte o1 tnls contract and il~at In the event ot tlefault In psY~~t ot any Instatlment tCr a Derlo7 ot tnlrty Csys tne _
y
' ~ ho~aer of tnts note may, at its opt~on, dec~are an the remalnder ot sald debt tlue anA coUettlD:e ao0 inY t~~iure to exerclse sald oPt~on shsu not const - 7
; ~ ; tute a walver OI ih! fi9l~t TO !xl~ClS! t1i! Sam! At dny OthQt IIfM- 1D tR! lYe~1t 01 OltiWt In P2yTAnt Of thli nOt! ind if tDC Simt iS p1~ClA in tht Aan~t
Z ot an attorney to~ col~ect+o~. 1, we. or e:ther of us, ag?ee to DaY ~tl costS of coliectlon. Includ~~g a reasonabte attorney's fee. In case psyment st+a~t not
~ Oe maCe matur~ty. tf+e makers, suretles, and entlor4ers, ~o1ntlY anC severaNy ag?ee to any extenslons or renewats wltnout ti~rther noitce. ~In0~~9 our-
~ seroes for Dayment nereof, as if no extenslons ot time or forbearance of payment Aad bee~ made or graneeA.
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o ~ t, o~ w!, ~t14 la=h Ot uS wh!'n!r DtlnClpil. Su~lty. 9Ui~~ni0~, tnOOtill, Of OthQ? pd~[y Rl/ELO, ag~ee to be jolnttY and severatiy DounO. 1, O/ wQ, EiCl~
~ turt„e~ wa~ve OemanA. D~otest, and notKe of Qemand. Ptotost, anO non-paynlnt.
A a:;
~ - ' Grve~ ur+der the hand and sea~ af each p:.r.; -
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Z _P_.0......6_ox._.1006.~..Jens~n...Beach-1---F-~O-r_i_da . - ~sEa~?
~ Aaa.~s: ~ E. J. M a u e r
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l41ortgagor f~f!y warrants the tit3e to said land anci rv+ii dr`2nd the same against the lawrful claims
of all persons v,rhomsoever, and agrees:
1. To m~ke all payments required by that n~te and this mortgage nromptly ~vhen due.
2. To pay al! taxes, assessmenis, tiens and encumbrances on that pronerty promptty whsn due.
If they are not promptly c~aid the Mortgagee may p2y them vsriihout ~vaiving the opt~on to foreclose,
and such payments, witl~ in:erest thereon from tt:e date of paympnt at the same rate as specified in
that note, shalf aiso be secured b~• this mo: tgaae.
~ 3. ~ o corT~mit, perr-iit, or suffer no ~vaste, im~3irment or deterioration of the mortgag~~ property.
4'. To pay all expenses reasonably incurred by the MortgageP because of failure of the l~~~ rtgagor to
compiy w"sth the agree~nents i~ that note or this mortga1e, includir~~ reasonabfe at!orneys' fees and
titte searches_ The c~st thereof, ~vith interesi thereon from the day uf pa~/ment a~ tf~e sar^e rate as
specified in that note, sNali al~ f e secured by this mortgage.
~ 5. If any ~ayment provideci for in that note is not paid tivithin 30 days after it becomes due, or +f
any agreement in this rr~ortyaye othe~ than the agreement to make tf~e payments is breached, thp en-
tire unpa~d princi~al b31anc2 of ihat note shalt immediateh~ become due at tt~e option of tlie Mortga-
gee and iVlortgagee may forecios~ this mortyage in the manner provided by law, and have the m~rtgag-
ed ~-o~erty s~'d to satis`,• o:~ the indebtPdness hereby secu?ed.
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