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` MORTGAGE -t~v ~"~~`E ~S`• ~
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Philip Fort Pa ine Fort
herein "Nortgagor," whether singular or plural, in consideration of conveyance
of real property herei~after described by VENTURE OUT IN AMERICA AT INOIAN
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 thls~~ day of A.D"., 19 75 ,
together with any and all future 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, de~cribed t
as follows: ~5'//-5/D -D/3/ - ODo~a ;
Condominium Parcel: Lot ~9~1 of YENTURE OUT AT INDIAN RIVER, INC., ;
a Condominium, according to
ti-e~eclaration of Condominium thereof, S
recorded in Official Records Book 201, Page 1402, ~et
seg of the ~
Public Records of St. Lucie County, Florida, and Ame- n~men~s thereto ~
recorded in O.R. Book 225, Page 809, _e~t
se and O.R. Book 226, ;
page 393, et se of said records. s~provided for by the Condominium '
Act of the Statutes of the State of Florida (Chapter 711, Florida
Statutes 1965, ~et
seg.), said description in this.conveyance includes,
but is not limit
o, all appurtenances to the Condominium Parcel
described, including the limited common 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 Mortgaqor. ~
TNIS IS A PURCHASE MONEY t~RTGAGE ~
As security for the payment of the promissory note of which the following is a copy:
~
` 12790.$9 Jensen Bcach, Fler~da I1j~r~_6 , 19~
For value rece~ved, I, Ne, or either of us pror~se te pay to the order cf
A
VENTURE OUT IN AMERICA AT INDIAN RIVER, INC. ~
,
t
~ che s~ cf Twelve thousand seven hundred nin~y &$9f 10Q ooitar~
j (hereinafter referred to as "Total of Pay~er.ts") at the offii.es of Venture (1ut in Irr-erica at Indiar River, Irc. 3
(formerly known as "Holiday Out in Arrerica at St. Lucie, Inc.") in Atlanta, Georgia, ir 1 1 9f 1
~ ?
~ consecutive monthly ir.stal lments of S ~ 0(~. ~j~~ ~6.6$ each beginning , 19~~
and on the same day ef each ~nanth therea~ter~ except t at thF final paymEnt may e~ore rr ess. e ng the
ar.~aunt necessary to canplete payment of.the Total of Payments. FurtherrwrE, for every installment Nhich remains
unpaid fer ten days after its due date, the undersigned agree to pay a delinquency charqe of 54.00.
1t is agreed that time is of the essence of this ccntract and that in the event cf default in payment ~
of any installment for a period of thirty days the holder of this nete may, at it: o~ticr•, ~eclare all the re-
mainder of said debt due and collectible and any failure to exerc~se said oFtion shall rat constitute a waiver
of the right to exercise the same at any other time. In the event of default in payr.~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 a11 casts of
collection, including a reasonable attorney's fee.and interest upen the unpaid balance fra~~ the event of dEfault ,
at the maximw~ rate permissible by laN. In case paymer,t shall nat be made at maturity, the nakers. sureties,
ar:d endorsers-f 3ointly and severally agree to any e~ctensions or renewals without further nrtice, binding ourselves
~ Ter payment hereof, as if no extensions of time or forbearance of payment had been made cr nranted. ~
~ I, or we, and each of us whether principal, surety, guarantcr, endorser, or other party hereto, agree to
~ be jointly and severally bound. I, er we, each further ~aive ~emand~ protest and ncn-aaymeet.
~ Civen under the hand and seal of each party. ~
~ ~ ,
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~ ~~o. 1 Due 10 yTB. (Seal )
21 t. , • . •
_ Lodo, wisc. 53555 ~
CL~~~i r~ ~ (Seal ) ' ~
~ ress •
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The total amount of indebtedness secured by this Mortgage shall not exceed ~12790.$9 ~
Form Revi sed : May '.11974 BOOK ~JS PAGf ~95 I R 5/74
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