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r V oi~~•nt R~i~e,E MORTC.AGE
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JUtW L. 5T:1RK1iY a~d/or ~IARY E. 5'TARKBY, his wife
herein "Mortqaqor", whether singular or plural, in consideration ~
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of the principal sum specified in the promissory note hereafter ~
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described, received from VENTURS OUT IN AMSRICA AT ST. LUCZE, INC., ~
a corporatxon organized and existinq under the Laws of the State
of r^larida, herein "Mortqagee", hereby on this 29th day of ~
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January , 19 70 , mortgaqes to the Mortqaqee the real
property in St. Lucie County, Florida, described as: ,
Condominium Parcel: Block No. Lot No. 132 of
- VENTURE OUT AT ST. LUCIE, INC., a Condominiu~, according ~
to the Declaration of Condominiuta thereof recorded in ;
Official Records Book 16 at page 7 , et seq., of
the Public Records of St. Lucie County, Florida. As
provided for by the Condominium Act of the Statutes o~ ;
the State of Florida (Chapter 711, Florida Statutes 1965 ~
et seq.), said description in this conveyance includes, i
but is not limited to, all appurtenances to the Condo- !
minium parcel described, including the limited common
elements assiqned thereto and including the undivided in- ~
terest in the common elements of said Condominium. L
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. THIS IS A PURCHASE MONEY NORTGAGE
As security for the payment of the promissory note of which the i
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following is a copy:
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~ $6,500.00 Jensen Beach, Florida
~ January 27th , 19 71 ~
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~ For value received, I, we, or either of us promise to pay ~
to the order of VENTURE OUT IN AMERICA AT ST. LUCIE, INC., at
Jensen Beach Bank, Jens~n Beach, Florida, the sum of
SIX TtiOUSAND FIVE ~RNDRiD and ~i0/lUU Dollars , payable in 59
' equal consecutive monthly installments of SlOt3.33 each
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~ and 1 equal consecutive monthly installments of S108.53 ~
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each, the first installment to become payable on the lSth
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~ day of ~iarch , 19 71 and one such ins;allment to be-
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~ come due and payable on the lSth aay of each succeedinq
month until the whole of said indebtedness is paid, in full r,rith
~ interest at the rate of 10 per cent per annum after default.
~ It is agreed that time is of the essence of this contract
and that in the ever?t of default in payment of any installment
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