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IN ~AYMENT OF TAXES
9UE ON CIASS 'C INllWGIBIE PE~90Nlll PROPERtY~
~1 TO CHAPtER )1-131. lI~CTS OF IYTI~,~
1~E11 POITRAS ~
a~ ~+~j ~""j,'~.'~""` F`~ MORTGAGE
Irvan A. Fredericks and/or Beverly J. FYedericks, his wife
herein "Nortgagor," whether singular or plural, in consideration of conveyance
of real property i~ereinafter described by VENTURE OUT IN AMERICA AT INDIAN ~
a RIVER, INC. (forn~erly. knoNn as HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC. herein
1 "Mortgagee," and to secure payrnent of the balance of the purchase price by Mort-
~ry gagor obligated to be paid, as evidenced by promissory note fully identified
~ herein, hereby on this ~i~~ ,n~ day of March A.D., 19 ~4 ,
together with any and all future advances, e t er n money or supplies, ma~~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 s3~ 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 ~se.,
of the Public Records af St. Lucie County, Florida. As prov~d
e~
for by the Condominium Act of the Sta?tutes of the State o f f lor i da
(Chapter 711, Florida Statutes. 1965, et seq.), said description fn
this conveyance includes, but is not Ti~mi~d to, all appurtenances
to the Condominium Parcel described, including the limite~ conmon
elements assigned thereto and including the undivided interest in
the camion elements of said Condominium, and, also, all other prop-
erty, real or personal, situated in St. Lucie C~nunty, Florida, noN
owned, as well as that which may be hereafter acquired by the Mort- ~
gagor.
_ THIS IS A PURCHASE MONEY MORTGA6E
As security for the payment of the promissory note of which the following is a copy:
S 21,32".~..89 ~ Jensen eeact, Flor~da ~rch 17, ~ ~g 74
For value receiveE, I. we, or either of us pror~sc to pay to the order of
I
; VENTURE OUT IN AMERICA AT INDIAN RIVER, INC.
~
~
~ the sur of ~enty_one thousand three hundre3 twenty-two and 89/100-~----_..___.. po~~ars
~ (hereinafter referred to as "Total of Paymer.ts") at the offices of Yenture (?ut in ~erica at Indian River, Inc.
(formerly known as "Holiday Out in qnerica at St, lucie, Inc.") in Atlanta~ Georgia. ir 1 19/1
consecutive a~nthly installments of S177.59/177.78 each beginning APril 17, ~ ~g 74
and on the same day ef each month therea ter. except t at thE final paymEnt ~~ay e more cr ess. e~ the
amount netessary to caaptete papnent of the Total of Payments. Further~orE, for every installioent which reinains
unpaid fer ten days after its due date, the undersigned agree to pay a delinquency charqe af 54.00.
It is agreed that time is of the essence of this ccntract a~ that in tFe event of default in pay~nent
of any installment for a period of thirty days the holdEr of this note may, at its oCticn, Aeclare all the ~e-
r~ainder of said debt due and collectible and any failure to exerc~se said o~tion shall ret constitute a waiver
of the rlght to exercise the same at any other time. In the event of default in paya~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 all costs of
collection, including a reasonable attorney's fee and interest upen the unpaid balancE fron~ the event of default
at the maxinrs~ rate permissible by laM. 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 nc+tice, binding ourselves
for payment hereof. as if no extensions of time or forberrance of payment had been ~nade cr granted.
~ I, or Ke, and each of us Nhether principal. surety. guaranter, endorser, or other party hereto. agree to
~ be fointly and severally bound. 1, or we, each further ?eaive ~emand, protest and ncn-paymect.
~ .
~ Civen under the hand and seal of each party. ,;.•~j~-,... •
U= ~ , , t Se3~1)~~~
~
no. 837 Due 10 years '~~Z , _
.
, , : - r F . ; r . =
611 NW 45th Avenue, Pompano, Florida > ~ ~ ./J~A -:t• ~lj ; -
' ress 33063 , .z , J~~c~ ;
± •
• ~
The to~t~i ; aq~pun~ of. i ndebtedness secured :by thi s Mortgage shal l not exceed ~ 21, 322. $9 ,
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