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~,lT~., ~ MORTGAGE
~:qdt c~acurt owxi. ~~..c Ca, F
George W. Lansinq and/or Helen F. Lansing, his wife
' - ..u u _.L_a~~.~ ~~~....1..~ .~l..ral iw n~nc~~larat{An Af f`AfIVPVa~1f'P
flCf'C111 IKI) I.~yV1 ~ n1iG6u6~ ~ ~~~yvi~i• vi j~ i~i. ~ . ~ _ : _ -
of real property herelnafter described by VENTURE OUT IN AMERICA AT~I~N~DI;N h
RIVER, INC. (forn~erly known as HOLIDAY 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 evidenced by promissory note fully •identified
herein, hereby on this I5stday of J'v~C A.D., 19 74 ,
together with any and a1T~uture~advances, e t r 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 ~ 9 26 of VENTURE OUT AT INDIAN RIVER,
INC., a Con~ominium, accor
ndi~g
to the Declaration of Condominium
thereof recorded in Official Records Book 210 at page 1402, et s~eq.,
of the Pub11c Recoras or 5i. Lucie i.ounLy, Fiorioa. ~s Ni-u~'~~,
for by the Condominium Act of the Statutes of the State of Florida
~b (Chapter 711, Florida Statutes 1965, et ~seg said description fn
, this ~onveyance includes, but is not Ti~m~ed to, all appurtenances
to the Condominium Parcel described, including the limited comnon
elements assigned thereto and including the undivided interest in
the carmon elements of said Condominium, and, also, all other prop-
erty, real or personal, situated in St. Lucie County, Flortda, now
owned, as well as that which may be hereafter acquired by the Mort-
gagor.
TNIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
- ~~r ty
S 35, 542. 89 Jensen Bcach, Flcr~da 1974 , 19_
! For value rece~ved. I, we, or either of us pror~sf to pav te the order af
i
! VENTURE OUT IN AMERICA AT INDIAN RIVER, INC.
~ In the event of foreclosure or pay-off, it is understood that the original principal anount was
~ ~22, 495.50 & the balance due will be that amount less principal curtailments to said sum.
tne sur afTh~rtv-five Thousand Five Hundred Forty-two and 89/100--------oollars
(hereinafter referred to as "Total of Paymer.ts") at the office~ of Venture (!ut in Rmerica at Indian River, Inc.
(formerly knoxn as "Holiday Out in America at St. Lucie. Inc.") in AtSanta, Georgia, i~ 1 1 9/1
consecative Qonthly ir.stallments of S 296.19/296. 28 each beginning June 31, ~ 19 ~4
and on the same day ef each month ther~ter, except t at the final paymEnt Ray e~r.ore cr ess. e ng the
amount necessary to complete payment of the Totat of Payments. Furthe?r.,ore, for every install~nent which remains
unpaid fer ten days after its due date, the undersiqned agree to pay a delinquency charqe of 54.00.
It is agreed that time is of the essence of thic ccntract and that in tFe event of default in payment
of any installment for a period of thirty days the holder of this ncte may, at its oFtion, declare all the re-
r~ainder of said debt due and coltectible and any failurF to exercise said o~tion shall r.et constitute a r+aiver
of the right to exercise the same at any other tia:e. In the event of default in pay+eent of this note and if the
same is placed in the hands of an attorney for collection, I. we~ or either of us, agree tc pay all costs of
collection, inctuding a reasonable attorney's fee and interest upen the unpaid balance frem Lhe event of default
at the naximu~ rate permissible by lav+. In case payment shall not be made at maturity. the Rakers, sureties,
ar.d endorsers. ~oi~tly and severally agree to any exte~sions or reneaals without fu~ther notice. binding ourselves
for paynent hereuf, as if no extensions of time or forberrance of ~+ayment had been msde cr granted.
~
- I, or v+e, and each of us Nhether principal, surety, guaranter, endorser, or oiher party hereto, agree to
~ be ~ointly and sererally bound. I, er we, each further +.aive Cemand, protest and ncn-aaymert. ,
~ -
~ Given urtder the hand and seal of each party.
~
; no. 926 oue 10 Years ~LGeorge W. Lansing ~5~~~
George M1. Lans i ng
i~
- ckhart Place ~Helen F. Lansing (Seal)
~ Silver Spr' ;5~+4aryland 20902 Helen F. Lansing
~ .
The total amount of indebtedness secured by this Mortgage shall not exceed : 3 5,54 2.89 .
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