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t~n~n tt~ P~rMEr~r oF T~xts
J~?'y 01~ ON CIASS'C INTANG18lf PER~IONAL PROPERiY,
~ , MORTGAGE Pu~tw+T To cw?p~~~ n-i~. ~crs of iyii.
~ kG:.F4 ?')ITRA':
' CLERR CIRCUIT CGIR1, LUtiiF CO., flA
t, ~ .
Joe (NMI) Capra and Carmella L. Capra, 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. (formerly known as HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC.), heretn
"Mortgagee," and to secure payment of the balance of the purchase price by Mort-
gagor obligated to be pdi~l, as evidenced by promissory note fully identified
herein, hereby on this 21st day of June A.D., 19 74 ,
together with any and aTT~ture 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:
,
. ~ ; -
; Condomini~m Parcel: Lat # 87 2 of YENTURE OUT AT INDIAN RIVER,
` INC., a Condominium, accor
nai
g
to the Declaration of Condominium
thereof recorded in Official Records Book 210 at page 1402, et ~se.,
,-,rr of the Public Records of St. Lucie ~ounty, Florida. As prov~de~
~ for by the Condominium Act o f t he S t
a tu tes o f t he S t
a t e o f F l o r i d a
~ ~:~;•4~~ (Chapter 711, florida Statutes 1965, et se said description fn
this conveyance includes, but is not ~m~d to, all appurtenances
to the Condominium Parcel described, including the limited comnon
elements assigned thereto and including the undivided interest in
- the caman elements of said Condominium, and, also, all other prop-
erty, real or personal, situated in St. lucie County, Florida, now
owned, as well as that which may be hereafter acquired by the Mort-
o~-
~ - - 9a9or.
' .i
THIS IS A PURCHASE i40NEY MORTGAGE
~ ~ t':
As security for the payment af the promissory note of which the following is a copy:
~ : 23,~55.89 ~ensen Beact, Elcr~da June 21, ~ , 1974
{ For vdlue rete~ved. I, xe, or either of us pror~se te Fay to Lhe order cf
I 1
~ VENTURE OUT IN AMERICA AT INDIAN ~IVER, INC.
~
~ cne su- of Twentv-three Tnousand Four Hundred Fifty-five and 89/100-----~»ars
~ !hereinafter referred to as "7ota1 af Paymer.ts") at the of~ic.es of Venture (~ut in F~-erica at Indiar. River, :ec.
(fcrmerly knor~m as "Holiday Out in hr,erica at St. Lucie, Inc.") in Atlanta, Georgia. ir 119f1
consecutive a~onthly ir.stallnents of S 195.46/196.15 eac~ Deginning Jul 21 . 1974
and on the same day ef each month therea ter, except t at thF finaZ payment rt~ay ~e ~eore cr .ess, e ng the
amount necessary to tanplete paya?ent of the Total of Payments. FurthemorE, for every insttltiaent whith remains
urRaid fer ten days after its due date. the undersigned agree to pay a delinquency charqE ef 54.00.
It is agreed that time is of the essence of this ccntract and that in the evF•nt ~f default in payment
of any installment for a period of thirty days the holdEr of this ncte may, at its oCticr., declare atl the re-
^~ainder of said debt due and collettible and any failure to exerc~se said oFtion shall rct constitute a r+aiver
c~f the right to exercise the same at any other tir•e. In the eveht of default in pay~ent of this note and if the
s~re is placeQ in the hands of an attorney for collection, I, we. or eiLher of us. aqree tc pay all costs of
col~ection, inciuding a reasonable attorney's fee an~+ interest upen the unpaid balance froc~ the event of default
at the ~aximu~:? rate permissible by la?+. In case paymer.t shall not be made at maturity, Lhe ~~akers, sureties,
ard endorsers, jointly anA severally agree to any extensions or renewals aithout further nrtice, binding ourselves
fer payment hereof, as if no extensions of tiaie or forberrar~ce of pay+r.ent had been m~aGe cr granted.
I~ or Ke, and each of us whether principal. surety, guaranter, endorser, or ot~er party hereto, agree to
be ~ointly and several~y bound. I, er we, each further Kaive ~em~and, ~rotest ~nd ~cn-oaymert.
Civen urtder the hand and seal of each party.
g~2 pue 1vYears ~ (Seal)
,
_ (Seal )
~~251 Chaneler Blvd. O~ - V
~ ress
Van Nuys, California 91401
The total amount of indebtedness secured by this Mortgage shall not exceed s 2 3.45 5.89 .
, ~ BORX 2~g PAGE~~~9
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