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a MORTGAGE
willia~ D. P~adQryrast Cleoda M. Prod~rqrast
hereln "lior~gagor," whether singular or plural, in consideration of conveyance
of real property hereinafter described by VENTURE OUT IN AMERICA AT INDIAN
RIYER, INC. (formeriy known as HOlIDAY OUT IN AMERICA AT ST. LUCIE, INC.), herein
"Mortgagee," artd to secure payment of the balance of the purchase price by Mort-
gagor obligatyd to be pai~~as eyiden~edtb~r~~ issory note fully identif~~d
herein, hereb on this da of ~p A.D., 19 ,
together with any and a1T~uture advances, e t er n money or supplies, ma~e by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
successors and assigns the real property in St. Lucie County, Florida, described
as follows:
Condominium Parcel: Lot of VENTURE OUT AT INDIAN RIVER,
INC., a Condominium, accor
ina
g
to the Declaration of Condominium
~ ~ thereof recorded in Official Records Book 210 at page 1402, et ~se.,
of the Public Records of St. Lucie ~ounty, Florida, As prov~de d-
j, ~ for by the Condominium Act of the Statutes of the State of ~lorida
~ .(Chapter 711, Florida Statutes 1965, et se said description-fn
~ this conveyance includes, but is not l~m~d to, all appurtenances
' o?t~ ~ to the Condominium Parcel described, including the ]imited conmon
~ e l e
m e n t s a s s i q n e d t h
e r e t o a n d i n c l u d i n g t h e u n d i v i d e d i n t e r e s t i n
the comnon elements of said Condominium, and, also, all other prop-
e r t
y, r e al or personal, situated in St. Lucie Count
y, Florida, now
~ o w n e d, a s w
e l l a s t h a t w h i c h m a y b e h e r e a f t e r a c q u i r e d b
y t h e M o r t-
` ~ ~ gagor.
~ THIS IS A PURCNASE MONEY MORTGAGE
a~
As security for the payment of the promissory note of which the following is a copy:
c 10657.69 ~ensen Bcact~, Flcr~da SeFt~beY 30 , lg 73
For value rece~ved, I, we, or either of us pror~~e• te pay tc the order cf
VENTURE OUT IN AMERICA AT INDIAN RIVER, INC.
2ea thousaud six huadred ~ifty ~av~a 6 89/100------------------ -
the sur of Dolldrs
' (hereinafter referred to as "Total af Paymer.ts") at the offiies of Venture (!ut in Fr~erica a: Indian River, Inc.
~ (formerly knorm as "Holiday Out in Mrerita at St. LuciF, inc.") ir, AtZanta, Georgia, ir 1 19/1
~ consecutive Ronthly ir.staltnents of S$8.81/89.50 each beginning ~Ctob~ p ~g~_
~ and on the same day cf each month therea~ter, except t~ the final payment may e more rr ess, e ng the
~ anbunt necessary to tomplete payment of the Total of Payments. Furthemore, for every installmer~t which re~+iains
; unpaid fer ten days after its due date. the unders~qned agree to pay a delinquency charqe of 54.00.
i
E It is agreeQ that time is of the essence of thic ccntract and that in tFe event c+f default in
payment
F of any installment for a period of thirty days the holdEr of this ncte r.wy, at its o~tio~:, detlare all the re-
5 ~ai~~er of said ~ebt due and collectible and any failure to exercise said oFtio~ shall r.ct constitute a waiver
; of the right to exercise the 5ame at any other time. In the event o~ default in pay~^ent of this note and if the
E same is placed in the hands of an attorney for collection, I, we. or either of us, aqree tc pay all costs of
~ cotlection, including a reasonable attorney's fee and interesi upen the unpaid balance fror~ the event of default
~ at the maximur~ rate pe?missible by laN. In case paymer.t shall not be made at maturity, the n-akers, sureties.
- ar:d ~ndorsers, ~ointly and severally agree to any extensions or rene~+als ?vithout further notiCe~ binding ourselves
~ fer payment hereof, as if no extensions of time or forbearar~ce of ~ayment had been made cr granted.
~ I, or we, and each of us whether principal, surety, ouaranter, er.dorser, or o'her party hereto. agree to
i be jointly and severally bound. t, er we, each further Maive ~emand, protest and ncn-aaymert.
X
Given under the hand and seal of each party.
~ `:o. 842 Due 10 yeazs C~t tJ u~t~ (Seal )
5
; Yentnre oat Joosen BQach , Rlorida (Seal )
= ress .
~
~ t
ti
:r
'fA -#h! ,tqXa~ amo~nt~of indebtedness secured by this Mortgage shall not exceed E ~Obs7.e9
i1
~ . . - . Ba~ ~i9 P~~E 252~
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