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~ MORTGAGE
HAROLD T. ROY AND LORNA J. ROY. HIS WIFE
herein "Nortgagor," whether singular or plural, in consideration of conveyance
of real property hereinafter described by YENTURE OUT IN AMERICA AT INDIAN
RIVER, INC. (formerly known as HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC.), herein'
"Mortgagee," and to secure payment of the balance of the purchase price by Mort-
gagor obligated to be paid, as evidenced by promissory note fully identifled
herein, hereby on this~,~ day of M A.D., 19 7 3 ,
together with any and aTT future advances, e t er n money or supplies, ma~e by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
successors a~d assigns the real property in St. Lucie County. Florlda, described _
as foilows: -
Condominium Parcel: Lot # 804 of VENTURE OUT AT INDIAN RIVER, ~
INC., a Condominium, accor
ndi
g
to the Declaration of Condominium
thereof recorded in Official Records Book 210 at page 1402, et
of the Public Records of St. Lucie County, Florida. As prov~de ~
for by the Condaminium Act of the Statutes of the State of Florida ~ ~
(Chapter 711, ~~orida Statutes 1965, et se said description fn
this conveyance includes, but is not Ti~m~ to. all appurtenances m~~, _
to the Condominium Parcel described, inctuding the limited conmon a
elements assigned thereto and including the undivided interest in I~ W~~~
the comnon elements of said Condominium, and, also, all other prop- 0~ ~
erty, real or personal, situated in St. Lucie County, Florida, now v ~
owned, as well as that which ma y be hereafter acquired by the Mort-
~~r. ~ ~ ~
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
c 9946.89 ~ensen Beach, Fiorida Ma~_30 , 1313
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For value rece~ved, I, we, or either of us pror~se to pay to the order of =
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~ VENTURE OUT IN AMERICA AT INDIAN RIVER, INC,
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° tF1E sur of Nine Thousand Nine Hundred Forty-Six and 89/100-------------- oollars
~ (hereinafter referred to as "Total of Paymer.ts") at the offices of Yenture Out in l,merica at lndlan River, Inc.
~ (formerly~knorm as "Noliday Qut in America at St. Lucie, Inc.") in Atlanta, Georgia, ir
~ consecutive u~nthly ir.stallments of Sg2_$g~g2_ggfln~h begi~ning June 30 , 19~
~ and on the same day ef each month ther~ter~ except tFiat the final payment ~~ay ir.ore rr ess. ng the
amount necessary to camplete payment of the Total af Payments. Furthemore, for every instaltinent whith remains
~ unpaid fer ten days after its due date. the undersigned agree to pay a delingiency charge of s4.00.
It is agreed that time is of the essence of this ccntract and that in the event ef default in pnyment
of any installment for a period of thirty days the holder of this note may, at its oFtion, Aeclare all the re-
mainder of said debt due and collectible and any failure to exercise said o~tion shall r.at constitute a waiver
of the right to e~cercise the same at any other ti~e. In the event of default in pay~sent of this note and if the
~ same is placed in the hands of an attorney for coll,ection, I, we. or either of us, agree te pay all costs of
collection, including a reasonable attorney's fee and interest upen the unpaid balance fra~~ the event of Gefault
~ at the maxiaMn rate pe?missible by laN. In case payment shall not be made at maturity, the ~akers, sureties,
ar.d endorsers, ~ointly and severally agree to any extensions or rener+als without furthFr notice, bindirg ourselves ~
~ fer payment hereof. as if no extensions of ti~ne or forberrance of payment had been made cr granted.
~ - -I,- or-i+e, and each--0f us-wheiher- prinGipil , surety; guarantor, endorser; c+r-o~~--~art,y~ ~+eretoi--agre~-to-
~ De jointly and severally bound. I. or we, each further kaive ~emand. protest and ncn-aaymer.t.
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~ Civen urtder the hand and seal of each party.
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?;o. 804 pue 10 Years x~ (sea7)
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~ 21? Britt Road, Stuart, Florida x~__G~-~-z c~,
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~ The :tpta4l; a~pount a.f i~6debtedness secured by this Mortgage shall not exceed ~9946.89
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BOOK ~~U PAbf ~5v?
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