HomeMy WebLinkAbout1163 STA E ~F Fl_CRlt~t~~ ~ :
• DOCUMEN1ARyi;'~ . ~ SiAMV fi~X ~ . 1
DEPT.
uf REVENt1E~}' ' ' ~ ~ I
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MORTGAGE ~
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p~~1RS~V~Nt ~ ~jU~GE1t ~n~~E ~0+ i
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HUBBR? C. DtTrt~ JR. and JOAN M. DUtRO
herein "Ibrtgagor," whether singular or plural. in consideration of conveyance
of redl property hereinafter described by YENTURE OUT IN AMIERICA AT It~IAN ;
RIVER, INC. (formerty knoMm as iwLSu~Y ~€!T IK ~lERICA AT ST. !!~!'TE; I~=~, he'"~i~
"M~rtgagee," and to secure payment of the balance of the purchase price by Mort- . ;
gagor obligated to be paid, as evidenced by pramissory note fully identified _ ;
herein, her~by on this ~ day of octob.~c A.D., 19 ~4 , _ 3
together with any and aTl~ure advances. e r n naney or suppl ies, ma~e by ~ pc~ g
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its ?
successors and assigns the real property in.St. Lucie Cou~ty, Florida, described ;
as follows: ~ _
Condominium Parcel: Lot #~2 of VENTURE OUT AT INDIAN RIYER, INC.,
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a Condominium, according to
tTe-6eclaratio~ of Condominium thereof,
recorded in Official Records Book 201, Page 14Q2, ~et,
~sg., of the ~
Public Records of St. Lucie County, Florida, and Ame~n~ents thereto
recorded in O.R. Book 225,,Page 809, et seq., and O.R. Book 226, ~
page 393, e~ sea~s of said r~cords. 7~s provided for by the Condominium
Act of the
t-3`~a
ut tes of the State of Florida (Chapter 711, Florida ~
Statutes 1965, ~et
seg said description in this conveyance includes,
but is not limit~to, all appurtenances to the Condominium Parcel
described, including the limited camwn elements assigned thereto and
including the undivided interest in the comnon elements of said
Condominium, and, also, all other property, real or personal, situated
in St. Lucie County, Florida, now owned, as well as that which may be ~
, hereafter acquired by the Mortgagor.
THIS IS A PURCHASE MONEY MORT6A6E
As security for the payment of the pranissory rate of Nhich the follar+ing is a copy: ~
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18252.95 Octobtr 20 74 ~
~ vc:~5~:. t~'a~~'. ~2Cr'•i~.~'. ~ tC ~
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~ For value received. I, r+e. or either of us pl'd"Sf to pay to the order cf }
4 ~
~ VENTURE OUT IN AMERICA AT INDIAN RIVER, IMC. ~
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tne sur af Bight~en Thousand two hnndzed fifty two and 95/100----------------pollarc
(hereinafter ~eferred to as "Total of Pa,ymer.ts") at the offices of Venture Out in ~erica at Indlan River, I~~c.
~formerly kno?+n as "Holiday Out in {i~erica at St. Lucie, Inc.") in Atlanta Seorgi~ ir 119/1
consecutive rtwnthly ir.stall~ents of S 152.10/153.05 each beginning ~OV' . 19
and on the same day ef each month therea ter, except t at the final paywen ~ay e eore cr ess, e ng the ~
amount necessary to camplete payment of the Total of Pay~2nts. Furthemore, for every installoent rrhich raains ~
unpaid fer ten days after its due date. the undersigned agree ta pay a delinquency charqe of 54.00.
It is agreed that tire is of the essence of this ccntract and that in tte evEnt ef default in pay~ent
~f any installment for a period of thirty days the holdFr of this ncte aiay, at it: octicr., declare all the re-
^ainder of said deDt due and collectible and any failure to exerc~se said o~tion shall r.~t constitute a riaiver
of the right to exercise the same at any other ti~se. In the event of default in payieent of tt!is note and if tte
same is placed in the hands of an attorney for collection. I. r+e. or either of us, aqree tc pay all costs of
collection, including a reasonable attorney's fee and interest upen the unpaid balance fror~ the event of default
~ at the maximun rate peneissible by lar. In case paywent shall not be a~ade at aaturity. the pakers. sureties,
~ ar:d endorsers, 3ointly and severelly agree to any extensions or renewals r.ithout further nc+tice, binding ourselves
fer payment hereof, as if no extensions of tiine or forberrar~ce of ~+aynient F~ad been ~.ade cr nranted.
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I, or ae, and eath of us ahether printipal, surety, guarantor. endorser, nr a!??er party hereto. agree to
~ be fointly and severally ~ound. I. er xe, eath further ~aive Cea~and, prot non-oay~ert.
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~ Given under the hand and seal of each party.
";o. 9O2 DUe 10 yeazs (Seal)
~ c/O Venture Out, Jensan Beach, F'la.
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` ress
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~ 18252.95 !
~ The ';:~a~+ount af ;indebtedness secured by this Mortgage shall not exceed ~
~ Form Revised: May 1974 ~B~K~~ FdCE1~~ IR 5/74
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