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STAT~~F ~l~.f~F~tD~ ~ ~ ' :
i ~ DOCUMEN7ARY~:;,;, ST M P I ~ ~
. OEPT.OF EE
MYk t OIE oN f~ASS ~C' INT~Ew ~R o~ ~
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Bruce W. Parmenter & D. Rathleen Parmenter ~ ~
herein "liortgagor," whether singular or P1~Ea~RE~OUTnINdAMERICA AT INDIANa~e
of real property hereinafter described by ;
LUCIE, INC.)
RIVER. INC. (formerly known as HOLIDAY OUT.IN AMERICA AT ST. , herein :
"Mortgagee," and to secure payment of the balance of the purchase price by Mort-
gagor obllgated to be id as evidenc~deC
?~r'eormissory note fully identified ;
herein, hereby on this~£~ day of A•~• ~~~4~-~ ~
together with any and a uture advances, e t r n money or supplies, ma e y ~
Mortgagee to the Mortgagor, conveys and moin9S~esLt~o~iehCounty,~Floridae described ~
successors and assigns the real property ~
as follows: ~
Condominium Parcel: Lot ~ 90 1 of VENTURE OUT A7 INOIAN RIVER, INC., ~
a Condominium, according to
t~e-6eclaration of Condominiuai thereof, i
recorded in Official Records Book 201, Page 1402, ~et
~seg , of the ~
Public Records of St. Lucie County, Florida, and Amen~nents thereto
recorded in O.R. Book 225, Page 809, ,e~t
s,~ , and O.R. Book 226,
page 393, et se of said records. As provided for by the Condominiun ~
Act of the Statutes of the State of Florida (Chapter 711, Florida ~
Statutes 1965, ~et__ ~se said description in.this conveyance includes, ;
but is not~limit~, all appurtenances to the Condomini~n Parcel ~
described, including the limited cam~on elements assigned thereto and ;
inciuding ~~e un~ivided int~r~~t i~ t~~ e~.,~~ ~3~=~nts ~f s~i~ ~
Condominium, and, also, all other property, real or penonal, situated ~
in St. Lucie County, Florida, now o+rned, as well as that which may be ~
hereafter acquired by the Mortgagor. ;
,
THIS IS A PURCNASE MONEY MOR76A6E j
t
As security for the payment of the promissory rate of ~rhich the folla+ing is a copy: '
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c Jensen Beact~ Fler~da Deeember 9th , 1974
~~~o r i 7 _ .
t For value rece~ve~, I, we, or either of us P~"a" ~E te ~.av to the order cf
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~ VENTURE OUT IN AMERICA AT INDIAN RIVER, INC.
~
~ ~~~c
~ the sur* a ' ~ ~
g {hereinafter referred to as "Total of Pay~er.ts") at the offiies o Venture tlut in t~erica a: Indiar. River, Ir.c.
(formerly knoum as "Holiday Out in AR~erica at St. LuciF, lnc.") in Atlanta, Georgia, i~ 7 7 9~7
consecutive a~onthly ir.stallments of S189.13/189 .65 each beginning_ Janua 9th , 19 75 ~
and on the same day ef each month ther~ter, except t at the final pay~ent ~cay eore cr ess. e ng the ~
a~~ount necessary ta camplete payment-of the Total of Payments. Furtherrwre, for every :nstrllwent Mhich reaains
unpaid fer ten days after its due date, the undersigned agree t~ pay a delinquency cha~E of =4.Q0. ~
It is agreed that ti~~e is of the essence of this ccntract and that in the eve~t cf default in pay~ent ~
of any installment for a period of thirty days the holder of this ncte aay, at its octicr:, declare all the re-
~ainder of said debt due and coliectible a~d any failure to exerc~se saiA oFtion shall ect coestitute a r+aiver
of the right to exercise the sa~e at any other ti~e. In the event of default in paycEnt of this note and if tf:e
same is placed in the hands of an attorney for coltection. I. ae. or either of us, agree tc pay all costs of
collection, including a reasonable attorney's fee and inte~est upen the unpaid balance froe~ the event of dEfault
at the maximu~ rate permissible by laN. In case paywent shall not be ~?ade at a~aturiLy. the ~akers, sureties,
n ar:d endorsers, 3ointly and severally agree to any extensions or renewals without furthFr nc+tice, birding ourselves
~ fer payment hereof, as if no extensions of time or forbe~rar,ce of ~+aya+ent had beer! ~ra~e cr oranted.
T. or we, and eath of us NheLher principal, surety, guarantcr, endorser, c+r other pa~ty hereto. agree to
be jointly and severally bound. I, or we, each further Kaive Ceaand. protest and ncn-oa rt.
~
~ Civen under the hand and seal of each party.
~ tSeal) f
r o. 907 ~e 1 Q ~Para
~ v'enture out Jensen Beach,Fla. 33457 (seat)
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The total amount of indebted`ness secured by this Mortgage shall not exceed s 22.696.12
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~ Form Revised: May 1974 ~G~~i~S FaGE~~~ IR 5/74
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