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~~T DC3~.UMEt~lIARY~~.-.~~ STAMP .t.> ~ MpRTGAGE `f
c^ ~ U'_Yi OF REVEKUL y
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Nilli~a d_ E~~,~Q~~st Cl~oda a~q,a~~sasi
herein "I~lortgagor," whether singular or plural, in consideration of conveyance
of redl property hereinafter described by VENTtlRE OUT IN AMERICA AT INDIAN
RIYER, INC. (formerly known as NOLIQAY 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 promissorq note fully identified .
herein, hereby on this 3o day of A.D., 19~
,
together with any and a1T~`uture advance~t er n money or supplies, made by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
successors and assigns the real property in St. Lucie Cauntyt Florida, described
as follows:
Condominium Parcei: Lot ~ 89s of VENTURE OUT AT INDIAN RIVER,
IMC., a Condaninium, accor nai
g to the Declaration of Condominium
thereof recorded in Official Records Book 210 at page 1402, et s.,
~ of the Public Records of St. Lucie County, Florida. As prov~de~
for by the Condominium Act of the Statutes of the State of Fiorida
~ W~ ~ (Chapter 711, Florida Statutes 1965, et se~c.), said description fn
this conve
yance includes, but is not Ti~m
ted to, all a p purtenances
g~ to the Condominium Parcel described, including the limited comnon
'~o elements assigned thereto and including the undivided interest in
~ the cortmon elements of said Condominium, and, also, all other prop-
Y~ erty, real or personal, situated in St. Lucie County, Florida, now
~ owned, as well as that which may be hereafter acquired by the Mort-
~ ~ ~ gagor.
W~ THIS IS A PURCHASE MONEY MORTGAGE
~ .
As security for the payment of the promissory note of which the following is a copy:
S 12790.89 Jensen Beacr, Fler~da $Qpt@aber 30 , 19 73
For value rece~ved, I, We, or either of us pror~si~ te Gay to the order cf ;
VENTURE-OUT IN AMERICA~AT INDIAN RIVER, INC.
11~rolvo ?housand sav~ea huodsad aintty 6 89~100-------------------- =
the s~: af Dollars
(hereinafter referred to as "Total of Paymer.ts") at the offices of Venture (~ut in lrerica at IndiaR River, Inc.
lformeriy knoKn as "Ho7iday Out in Arr,erica at ~t, Lucie, Inc.") in Atianta, Georgia, ir 1 19/1 -
; consecutive monthiy ir.stallment~~f S 106.59/106.68 each beginning ~Ctobarz ' ~ ~g 73
and on the same day ef each month therea ter~ except t at the final payme~t may e more rr ess.. e ng the
~ amount netessary to camplete payment of the Total of Payments. Furthernore. for every installment which remains
unpaid fer ten days after its due date, the undersigned agree to pay a delinquenty charqe of 54.00.
i
~ It is agreed that time is of the essence of this ccntract and that in tFe event of default in
payment
i ~f any installment for a period of t6irty days the hotder of this note may, at its oCtior., declare all the re-
~ ~ainder of said debt due and collectible and any failure to exerc~se said oFtion shall rct constitute a waiver ~
of the right to exercise the sar.ie at any other tirt:e. In the event of default i~ payr.~ent of this note and if the
? same is placed in the hands~of an attorney for collection, I, we. or either of us, agree te pay a11 casts of
; collection. inciuding a reasonabie attorney's fee and inierest upen the unpaid balance from the event of default
; at the maxfmun rate permissible by lar+. In case payment shall not be made at maturity, the ~akers, sureties,
ar:d endorsers, ~ointly and severally agree to any extensions or renewals without further notice, binding ourselves t
fer payment hereof, as if no extensions of time or forbearar~ce of payment had been made cr granted.
1, or we, and each of us whether principal~ surety, auaranter, endorser, c+r o*.her party hereto, agree to
be ~ointly and severaily bound. I, er we, each further kaive ~e~r.and~ protest and ncn-uaymer.t.
~ Civen under the hand and seal of each party.
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- ~~o. ~5 Due 10 Y~azs (Seal )
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£ Ventuze Out Jensen Beach , Blozida `x ~ (Seal )
ress
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r The ~p~_amount of indebtedness secured by this Mortgage shall not exceed ~ 1z790•s9
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