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Home My WebLink About0446 . RlCEIVED o~ IN MYMENT OF tM(~ l~ . ~~''ss ouE oN cx~ss ~ ~~rN+siat~ rao~tit, Pu~rt To c~+~wr~ n•i~. ~crs oP i9n. mc . ~c ~ ~w~r a~~uw~ oo~ fu MORTGAGE ~ ~ ~y~ + Nell R. lbbin herein "tiortgagor," whether singular or plural, in consideration of conveyance of real property hereinafter described by VENTURE OUT IN AMERICA AT INDIAN ' RIVER, INC. (formerly known as HOLIDAY OUT IN AMERICA AT ST. LUGIE, INC.), herein ~ "Mortgagee," and to secure payment of th~ balance of the purchase price by Mort- gagor obligated to be paid, as evidenced by promissory note fully identified herein, hereby on this 15 day of A r i A.D., 19y~ , ' together with any and aTT~uture advances, e t~er n money or supplies, made 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: t 'yS// ~o-o/o G -ooo~a ' Condominium Parcel: lot 905 of VENTURE OUT AT INDIAN RIYER, INC., f a Condominium, according to t~e~eclaration of Condominium thereof,. recorded in Official Records Book 201, Page 1402, e__t~~_ ~se~., of the Public Records of St. Lucie County, Florida, and Amendments thereto recorded in O.R. Book 225,,Page 809, et se and~O.R. 6ook 226, page 393, et seq., of said records. ~vided for by the Condominium 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 Condominium Parcel ~ described, including the limited connan elements assigned thereto and ~ including the undivided interest in the commor~ elements of said ; Condominium, and, also, all other property, real or persoaal, situated ~ in St. Lucie County, Florida, no~v owned, as well as that which may be hereafter acquired by the Mortgagor. THIS IS A PURCHASE MONEY MORTCAGE As security for the payment of the promissory note of which the following is a copy: ~ ~ 5 ~4212~8~ Jensen Bcach. Flcrida A y~ . 15 . 19 For value rece~ve~. I, we, or eithfr of us pror~~c te pay to the order cf i ; VENTURE OUT IN AMERICA AT INDIAN RIVER, INC. ~ ~ thE sur of foLY±e~ thn ~~anci twn hi~~rpci tLfP~ VP_y~gQ~ Dollarc ~ {hereinafter referred to a: "Total of Paymer.ts°) at the effic.es of Venture (1ut in ~rerica at Indian River, Irc. ; (formerly kno~+n as "Noliday Out in Nrerica at St. lucie. Inc.") in Atlanta, Georgia, ir119/1 ~ consecutive ~ronthly ir.stallments of S each beginning ~ 19~~ ~ and on the same day cf each month therea ter. except t rt thF final payment R.ay e ir.ore cr ess, ng the ~ aRwunt netessary to caaplete paynent of the Total of Payments. Furthemore. for every installment r+hich remair.s unpaid fer ten days after its due date, the undersigned agree to pay a delinquenty charqe of S4.Q0. ~ It is agreed that ti~e is of the essence of this ccntract and that in tF.e event cf default in pa,yment ~ of any installmEnt for a period of thirty days the holder of this ncte may, at it: oCticr., Aeclare all the re- maincer of said debt due and collectible an~ any failure to exerc~se said option shall r.ct constitute a rvaiver ~ of the right to exercise the same at arty other tia~e. In the eveot of default in pay~rEnt of this note and if the same is placed in the hands of an attorney for collectior. 1. we. or either of us, aqree tc pay all costs of d collection. including a reasonable attorney's fee and interest upen the unpaid balance fror.~ the event of default ~ at the aaximu~ rate permissible by laM. In case payn~ent shall not be made at maturiiy, the ~akers. sureties, q ar:d endorsers, ~ointly and severally agree ta any extensions or renewals r+ithout further nc+tice, binding ourseives ~ fer paymerst hereof, as if no extensions of time or forberrance of payment had been made cr nranted. I, or Ne, anQ each of us r,hether principal, surety. guaranter, endorser, or o!her party hereto. agree to ~ be jointly and severally bound. I, er r+e, each further kaive ~ema~d. protest and ncn-Qaymer.t. ~ ~ Given under the hand and seal of each party. t r ~ tio. 905 Due lOyeaucs ~ ~ . (Sea1) ~ Ventua~e out Jessen~Beach Fla. 33457 (Seal) ~ ress ' ~ ~ ~ ~ • 1 ~ The total amount of indebtedness secured by this Mortgage shall not exceed ~ ~ Form Revi sed : May 1974 B00?( 239 PAGE 445 I R 5/ 74 ~ ~ ~ - ~ a._~~~4. u, ~ ~ ~ ~ ..,2._ . _ ~ il• ~ ..z~' ~