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~o ~ MORTGAGE ' ~
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Kimball and Bettv I~. MaQee .
herein "Nortgagor," whether singular or plural, in consideratlon of conveyance
of real property hereinafter descrlbed by VENTURE OUT IN AMERICA AT INDIAN ;
RIVER, INC. (formerly 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 obligated to be paid, as evidenced by promissory note fully identified #
herein. hereby on this 2o~ day of A.D., 19 ~
together with any and a~fufure advances, e er n money or supplies, ma~~e by -
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee 1ts
successors and assigns the real property 1n St. Lucie County, Florida, described
as follows:
Condominium Parcel: Lot ~ ;85. of VENTURE OUT AT INDIAN RIVER, INC.,
a Condominium, according to~ie~eclaration of Condominium thereof,
recorded in Official Records Book 201, Page 1402, ~et
seg of the ~
Public Records of St. Luc1e County, Florida, and Ame-
naments thereto ~i
recorded in O.R. Book 225, Page 809, et se and O.R. Book 226, ~
page 393, ~et
sg.~, of said records. ~vlded for by the Condominium
Act of the~tatutes of the State of F1orlda (Chapter 711, Florida
Statutes 1965, et se said description in this conveyance includes,
but is not limi e , all appurtenances to the Condominium Parcel ~
described, including the limited comrion elements assigned thereto and
inclading the undivided interest in the:~onnwn elen~ents of said
Condominium, and, also, a11 other property, real or personal, situated
in St. Lucie County, Florida. now owned, as we11 as that which may be ~
hereafter acquired by the Mortgagor.
THIS IS A PURCHASE MONEY MORTGAGE ;
As security for the payment of the promissory note of which the following is a copy: ~
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S 15, 792.10 Jensen B~ach. Flor;da Seutember 20. . 19 74
For value recelved. I, we, or either of us pror+se to pav to the order of ,
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i VENTURE OUT IN AMERICA AT INDIAN RIVER, INC.
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~ Fifteen Thousand Seven Hundred Ninety-two and 10/100--------- po~~ars
the sue: of
~ (hereinafter referred to as "Tota1 of Payments`) at the offices of Venture Out in America at Indian River, Inc.
~ (formerly known as "Holiday Out in Amerlca at St. lucie, inc.") in Atlanta, Georgia, ir 1 lqfl
consecutive a~onthly instaliments of S 131. 60/131.70 each beginning Oetober 20, , a9 74
and on the same day ef each month therea er. excep a the final paysen niay ~ore rr ess. ng the
amount necessary to cemplete payment of the Total of Payments. Furthercwre. for every installment Mhich rea~ins =
unpaid fer ten days after its due date. the undersigned agree to pay a delinquency charqe af 54.00.
~ It is agreed that tine is of the essence of this ccntract and that 1n tke evFnt ~f default in payment
of any installment for a period of thirty days the Mlder of this ~ote may. at its oCtian~ declare all the re-
~ainder of said debt due and collectible and any failure to exercise said option shall r.ot constitute a aaiver
of the right to exercise the sa~e at any other ti~ne. 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 tc pay all costs of ;
collectian, including a reasonable attorney's fee and interest upen the unpsid balance fror,~ the event of default ;
at the aiaximin rate penaisslbie by laN. In case payeient shall not be made st maturity, the aakers, sureties, ~
and endorsers, fointly and severally agree to any extensions or reneaals without further notice, Dinding ourselves ~
~ fer payment hereof, as if no extensions of time or forberrance of pay~nent had been inade cr granted.
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4 I, or we, and each of us r+hether principal, surety. guarantor, endorser, or other party hereto. agree to
be ~ointly and severally bound. I, or r?e, each further +raive ~eaiand. protest and non-eaymer.t. -
~ Civen urtder the hand and seal of each party. ,
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~ no. 885 pue 10 years (Seal)
~ K ALL .
2388 Ledgewood Drive, Chamblee . (seal) .
- - ress e~
orgia~II3'~1 gETTY : MAGEE
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~ T to amount of i ndebtedness secur~d. by thi s Mortgage shal l not exceed ~ I5 , 7 9 2.10
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~ Form Revi sed : May 1974 } . dppK ~:J~i PJlbf 1~ I R 5/ 74 ~
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