HomeMy WebLinkAbout1528 o ST oR ORIDA ~ ~ y
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. MORTGAGE
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herein "Mortgagor", whether singular or plural, in consideration of conveyance of
reai property hereinafter described by YENTURE OUT IN AMERICA AT~INDIAN RIVER, INC.
(forrt~rly krta?rn as HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC.), herein "Mortgagee," ~
and to secure payment of the balance of the purchase price by Mortgagor obligated ~
to be paid, as evidenced by p omissory note fully identified herein, hereby on this
~ day of ~ A,O, 19 7 3, together with any
an a uture advances, e t er n money or supp es, made ~ l~ortgagee to the F
MortgAgor, conveys and mortgages to the said Mortgagee its successors and assiqns
the real property in St. Lucie County, florida, described as folaows:
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Condominium Parcel : Lot ~f ~,~'g of H~LI~AY OllT-AT -~T. lUCIE, a -
Condominium, according to t~ie ~claration of Condominiwn thereof, - .
recorded in Official Records Book 168, Page 1348, et ~se of the ~
Public Records of St. lucie County, Florida as amen~ce~by Agreement g~~_
dated Jan ua r
y 31, 1 9 6 9 r e c o r
d e d i n B o o k 1 7 5, P a g e 1 6 8 2 e t s e
said Public Records ("Lot"). As provided for by the Conaam~ium ~ y ~
Act of the Statutes of the State af florida {Chapter 711, et seq. ` ~
1965 as subsequently amended) said description in this conveyance
includes, but is not limited ta, all appurtenances to the condo- ~ g~~=
m i n i u m p a r
c e l a b o v e d e s c r i b e d, i n c l u d i n g t h e t i m i t
e
d c o a m o n e l e
m e ~ t s ~ ~ p~
assigned thereto, and including the undivided interest i~ the com-
m o n e l e m e n t s o f s a i d C o n d o m i n i u m, a n d, a l s o, a l l o t her proper ty,
real or personal, situated in St. Lucie County, Florida, now owned, o ~
as well as that which may be hereafter acquired by the Mortgagor. a
THIS IS A PURCHASE MONEY I~SORTGAGE ~
~a E
As security for the payment of the promissory note of which the following is a copy: -
s~77G 7~9 Jensen Beach, Florida ~l/h G s , 19~3
F
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~or value received. I, we, or either of us prpnise to pay to the order of ;
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VE_N_T_URE OUT IN AMERICA AT INDIAN RIVER, INC. ;
the saR of S~vth~•eh ~o~sA~o~st~ta ~~hJw,re~tiuTa Sevt~ A~a~ ~9 100 Dollars
(hereinafter referreC to as "Total of Paymer+ts") ai Lhe offices of YenWre Out in A~rerica at IM'ar. River, Ir.c.
(formerly kno~rn as "Holiday Out in A~erica at t. Lucie, Inc.")in Atlanta, Georgia. ir. 9I/
tonsecutivp rro~ttly installments of S I/ f.7 F•w~each beginrsir.~g _ ~V~ ut'~' s , 14~
and on the sar.tie day o` each nonth therea te , except t t the final payc:er.t ~ay e_ re or es~, eing the
amount netessary to carplete payment of the Total of Payments. furthemore, fc,r every install~rent which r~.ains
unpaid fer ten days after its due date, the undersigned agree to pay a delinquenty charge cf S~.C~C.
It is agreed that time is of *_he essence of this certract ar~ that in the event c~ default in ~~ayment
of any instalTmer.t for a period of thirty days the hvlder of this note ~nay, at iis option, reclare a?1 tfe re-
mainder of said debt due and colleciible and any failure to exercise said o~tion shall not cur.stitute a rraiver
of the riaht to exercise the sa~e at any other time. tn the eveot of default in paprent of this note arx! if the
saa.e is placed in the hands of an atterney for collectioR, I, Me, ar either of us. agree ta pay a11 casts of
collection, including a reasonable attorney's fee and inte~est upon the unpaicS balance f~,o,r the e~ent cf tefault
at the maxia!um rate permissible by law. In case eayment shalt not be awde at naturity. th.e Rakers, sureties,
anQ endorsers, jeintly and severally agree to any extensions or rer.eKats vftlwct further ootice, ~ir~Air.a ourse~ve~
for payr:ent hererf, as if no extensiQr•s of time Cr forbearance of_t+ayment had t~een R~ade er granted. ~
,
I. or Ne, and eath af us whether ~rinci~ai, surety. guarantor, endorser, or other narty hereto, aareP to
t~~ joir.ily and severally bound.---I-.-or'-~rareach_fucSher_.xaixe-~ec.aiui,._~xciesi_~n~ ena-Ga~nt.
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6iver under the hand and seal of each party.
"lo. '$sg Due ~ V 1.~~~?t1,5 ' '
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The ,tpt~l'. a~nount o~ `indebtedness secured b thi s Mort ~
y gage shall not exceed
~ 1"1~L~ . g'S i
- BcoK 218 P~~~ 152?
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