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DUE ON CLASS 'C INTNIGIBtF PER90NAl PROPER111,
p~q~lANT Tp CliAPTER 71-13~, ~TS o~ 1~1. ~~`j ~RTGAGE ~4315
ROCER POITRIIS
CIFRK CIRC111T a01lRT. ~T. LIICE ~0. F1A
John H. Martin and/or Virginia D. Martin, his wife
herein "Nortgagor," whether singular or plural, in consideration of conveyance
of real property hereinafter described by VENTURE OUT IN AMERICA AT INDIAN
RIVER, INC. (fonnerly 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 obligdted to be paid, as evidenced by promissory note fully ldentified
herei n, hereby on thi s 2 3rd day of May A. D., 19 ~ 4 ,
together with any and a uture advances, e t er n money or supplies, mac~e by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
successors and assigns the real property in St. Lucie County, F~lorida, described
as follows: f~`~ ,n
Condominium Parcel: Lot ~f 9 0 3 of VENTURE OUT AT INDIAN RIYER, ~p~ `r'
INC., a Condominium, accor
ndi
g
to the Declaratian of Condominium j~~ N
thereof recorded 1n Official Records Book 210 at page 1402, et se , Q
As prov~d~ ~~1 ' ~ r
of the Public Records of St. Lyc Coun y, Florida.
for by the Condominium Act of the Statutes of the State of Florida 11
(Chapter 711, Florida Statutes 1965, et ~seg said description fn
this conveyance includes, but is not T~m~ed to, all appurtenances Y~',,,~~,~~~-''
to the Condominium Parcei described, including the limited comnon 'a ~'W~~
elements assigned thereto and including the undivided interest-in a`~ N
the connwn elements of said Condominium, and, also, all other prop- ~~~x ;
erty, real or personal, situated in St. Lucie County,.Florida, now Q~,~itit =
oNned, as well as that which may be hereafter acquired by the Mort- ~v!° a° *
9a9or• ~ Uln ~~~itns~t #
3
THIS IS A PURCFWSE MONEY MORTGAGE 1 ~ I L Z 0 '
As security for the payment of the promissory note of which tfie following is a copy:
c 15,634.89 Jensen Beact, F1Qrida May 23? , ~g 74 ~
For value rece~ved. I, we, or either of us pror~sf to pay to the order af ~
' VENTURE OUT IN AMERICA AT INDIA~! RIYER, INC,
E
f
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tne sur of Fifteen Thousand Six Hundred Thirty-four and 89/100---------~~~ars
(hereinafter referred to as "Total of Payments") at the offices of Venture (~ut in l~erica at Indiar River, Inc.
(formerly knoxn as "Holiday Out in America at St. Lucie, Inc.") in Atlanta, Georgia, ir 1 1 4~ 7
consecutive monthly ir.stallments of S 130.29/130.38 each beginning Jul 15 . 19 74
and on the same day ~f each month tt?~rea ter, except t at thE final payment Ray e more rr ess, e ng the
amount ~eCessary to complete payment of the Total of Payments. Furthemore, for every installment which renains
unpaid f~r ten days after its due date. the undersigned agree to pay a delinquency charqe af f4.00.
It is agreed that time is of the essence of this ccntract and that in the event c+f default in paya~ent
of any installment fon~a petiod of~ thlCtey days the holder of this note may. at its oFtian, declare all the re-
r^ainder of said deDt due and collectible and any failure to exerc~se said o~tion shall ret constitute a?raiver
of the right to exercise the saine at any other time. In the event of default in pay+r.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 maxia~ rate permissible by laN. In case payment shall not be made at n+aturity, the makers, sureties,
ar:d endorsers,-3~tly and severally agree to any extensions or rener+als without further notice, binding ourselves
for paynent~~jre0~.--t~5 if no extensions of time or forberrance of payment had been m.ade cr granted.
''~,C -;;;;or M~;f,end each of us whether principal, surety. guaranter, endorser, or other party hereto, agree to
be,~oiDtl;y end"sever~Jly bound. I, or xe, each further ~aive ~emand, protest and ncn-paymeet.
_ ~ , .F .
~ Ct ~iven unde'r ihe hand and seal of each party. ;
~ +t . _
~ - ~ = ~
~ c.~e 10 Years Gf'`~'^ (Seal)
.rt, ,
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' ~.r~; ~~p ~~~URE OtJT AT ST . LUCIE ~ ' (Seal )
~ _"";~,~~,t~^''~d~ress
Jensen Beach, Florida 33457
.
~
The total amount of indebtedness secured by this Mortgage shall not exceed ~ 15,634.89 .
. . I f i
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F ~ ~ ~ ~ ~ ° ~ 228 ~574
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