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! J PUNSUANi TO ~ ~NAL PRpPERIr
MORTGAGE CI~IT~'ER RpITR1l~TS ~ ly/l.
~0lIRT. ~i. IUCE 00, F~
Francis W. Newton and/or E~izabeth J. Newton, his wife
herein "Nortgagor," whether singular or plural, in consideratlon of conveyance
of real property herelnafter described by VENTURE OUT IN AMERICA AT ItN~DIjN h
RIVER, INC. (fornierly known as HOLIQAY OUT IN AMERICA AT ST. LUCIE, erein
"Mortgagee," and to secure payment of the balance of the purchase price by Mort-
gagor obllgated to be paid, as evldenced by promissory note fully identified ;
herein, hereby on this 30 day of Ma A.D., 19 7 4 ,
t
o gether with an
y and a u ure advances, e t er n money or supplies, ma~by ~
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee i ts `
successors and assigns the real property_in St. Lucie County, Florida, described
as follows:
Condominium Parcel: Lot 904 of VENTURE OUT AT INDIAN RIVER, ~
INC., a Condominium, accor
ndi-g
to the Oeclaration of Condominium ~
thereof recorded in Official Records Book 210 at page 1402, et ~se., ~
of the Public Records of St. Lucie County, Florlda. As prov~de~ ~
for by the Condominium Act of the Statutes of the State of Florida
(Chapter 711, Florida Statutes 1965, et se said descrlption fn
tfiis conveyance inctudes, but is not T~m~ to, all appurtenances
to the Condominium Parcel described, including the limited comnon
elements assigned thereto and including the undivided interest in
the camqn elements of said Condominium, and, also, all other prop- ~ ;
erty, real or personal, situated in St. Lucie County, Florida, now ~
owned, as well as tha-t which may be hereafter acquired by the Mort-
9a9or. ~
~
~ THIS IS A PURCHASE MONEY MfORTGAGE ~
x
As security for the payment of the promissory note of which the following is a copy: `
~
S 14212.89 Jensen Bcach~ Flor~da Mav 30~ , 1974 ~
For value received, I, we, or either of us prar~se to pay to the order cf
~ ,
~
` VENTU,RE OU,T.,I,N AMERICA AT INDIAN RIVER, INC, s
. a
~ ~
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tne suR of Fourteen Thousand Two Hundred Twelve and 89/100--------------po~jars ~
(hereinafter referred to as "Total of Paymer.ts") at the offices of Venture t)ut in Ft?~erica a2 Indian River, Inc.
(formerly knoxn as "Hotiday Out in America at St. Lucie, Inc.") in Atlanta, 6eorgia, ir 1 1 9/1
consecutive a~nthly ir.stallments of S118.44/118 .53 each beginning June 30, , 19 74
and on the same day of each month therea~ter, except at the final payment ~ay e ir.ore rr ess. e ng the ~
amount n~cessary to complete payment of the Total of Payments. Furthemore, for every installnent Nhich re~nains z
unpaid fer ten days after its due date. the undersiqned agree to pay a delinquency charqe of s4.00.
It is agreed that time is of the essence of tFa s ccntract and that in the event c+f default in payment
of any installment for a period of thirty days the holder of this note may. at ~its oCtion, declare all the re-
r*ainder of saiA debt due and collectible and any failure to exerc~se said o~tion shall r.ct constitute a r+aiver
of the right to exercise the same at any other ti~e. In the event of default in payrt~Ent of this note and if the ~
same is placed in the hands.of an attorney for collectian, I, we. or either of us, agree te pay all costs of ~
collection, including a reasonable attarney's fee and interest upon the unpaid balancE fror~ the event of default
at the maxiaw~ rate permissible by laM. In case payment shall not be made at maturiLy, the aakers, sureties.
ar.d endorsers. fointly and severally agree to any extensions or rene+vals Mithout furth~r notice, binding ourselves
fer paya?ent hereof. as if no extensions of time or forberrar~ce of payment had been m~ade cr granted.
I. or ?+e, and each of us v,hether principal , surety. guaranter, endorser, ~r other party hereto, agree to
~ be ~ointly and severally bound. I, or we, each further Kaive ~emand, protest and ncn-paymer.t.
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~ Civen uRder the hand and seal of each party. ;
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~ no. 9~4 Due 10 years ~ (Seal) ~
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327 Drace Street ? ~ ~ (seal} ~
- ~ . - ~
ress
Rochester, Michigan 48063
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The total amount of indebtedness secured by this Mortgage shall not exceed ~ 14212.8~ •
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