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° MORTGAGE p~p ' 1` IN PAYIJIEHT Of 11UtES F
~ ~ { : ~ ~ p~ ~~SS 'C' IN?ANGIBLE rER~O;~~l P°.O~ER~~.
V~ jp p1APTER 71•134, 11~1S OF ly/l. rnc
~ L~~A ~ ~GEIt POITRAS ~
v q~AK CiitdlQ ST. 1AlClE 00. FtJI
Andre E. Gerard
. herein "Mortgagor," whether singular or ptural, in consideration of conveyance
of real property h~reinafter described by YENTURE ~UT IN AMERICA, INC., herein
~-°~-~-"Mortgagee". and to secure payment of the balance of the purchase price by
~~Mortgagor obligated to be aid, as evidenced by promissory note fully identified
hereln. hereby on this ~4 day of A rii A.D., 19_~_
. to-
~gether with any and all~u~ure advances e er n money or supplles, aia~~e by
~ Mortgagee to the Mortgagor, conveys and nartgages to the said Mortgagee its
successors and assigns the real property in St. Lucie Countjr. Florida, described
~~~y~~ as follows: .e~~ 3I/- 0037'• 000/O
' 1''~'~y'~~'
' ~Y .
Co~irnencing at the Southwest Corner of Section 22, Township 37S, Range 41E, thence North
~%~89°55'14" E along the South line of said Section 12-77~t.41 feet to a Point on the center-
" - line of the 100 foot right-of-way of SR-AIA; thence 23°A9'31" W along the centerline of
~ the right-of-way 2,921.33 feet; thence S 66°10'29" W-290.01 feet; thence N 87°33'17"
W-393.12 feet; thence S 89°57'13" W-133.40 feet; thence S 00°02'43" E-20 feet; thence S
"'i ~~9°57'13" W-451.56 feet; thence S 89°55'57" W-34.04 feet; thence S00°09'27"E-381.00 feet
°`~~o the Point of Qeginning; thence N 49°16'24" E-42.00 feet; thence N 89°53'44" E-80.61
_.:~,i:feet; thence S 0~°05'5G" E-27.36 feet; thence along curve to the right, R=112.49,
y~~ = 27°31'35" an arc distance of 54.04 feet; thence N 62°28'45" W-112.49 to the Point of
beyinniny.
..:-~'E Subject to a road access and utility easement over that portion of alock B Lot 8 described
~s follo~vs: The Point of Qeginning being the same for alock B Lot 8; thence N 49°16'24"
~-42.00 feet; thence along a curve to the ri_yiit, R=42.00 feet, Q=68°14'S1" an arc distance
of 50.03 feet; thence t~ 62°28'45" W-42.00 feet to the Point of Beginning.
THIS IS A PURCHASE MONEY MORTGAGE -
As security for the payment of the promissory note of which the following is a copy:
16,104.00 Jens~~n Qeach, Florida Apri~-~-4-~ , 1975
~
For value received, I, we, or either of us promise to pay to the order of ~
VENTURE OUT I N Ah'E RI CA, I NC.
~ .
j !?:f• suni of Sixt en th u and one hundred and four dollars n n 1 t~ollars
~ `i;~~reinafter referred to as Tota of Payments at the offices of Yenture t in America,
~ , in Atlanta, Georgia, in ~n~ con~ecutive ~r~onthly installments
~~f ~ 16.109.00 each beginning April 24 . 19 76 , and on
" tr~~~ sau:•~ day each month thereafter, except that the final payment may be more or less, being
~ ri,~~ a~nount necessary to complete payment of Total of Payments. The accrued interest rate
f~~~- this transaction, not including any delinquency charges wiiich may be incurred later is
t~n percent (10%) per annum.
It is agreed that time is of the essence of this contract and that in the event
;,t default in payment of any installment for a period of thirty days the holder of this
r,~;r_e may, at its option, declare all the remainder of said debt ~ue and collectable and
~~r~y failure to exercise said option shall not constitute a waiver of the right to exercise
t?;e same at any other time. In the event of defiault in payment of this note and of the
~ ~~:~~e is placed in the hands of an attorney for collection, I, we, or either of us, agrees
~ t~, pay all costs of collections, including reasonable attorney's fees, appellate fees and ,
ir,terest upon unpaid balance from the event of default at the maximum rate permissible by
?a:~. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
~
~ ;ointly and severally agree to any extensions or renewals without further notice, binding
~ ;urselves for payment hereof, as if no extensions of time or forbearance of payment had
~ ~,~en made or granted. '
~ I, or we, and each of us whether principal, surety, guarantor, endorser, or
~ ,tr~er party hereto, agree to be jointly and severally bound. I, or v~~e, each further waive
.:er~and, protest and non-payment.
~ nd al of each art .
Given under the hand a se p y
~ . .
~ (Seal)
~ ';o . g g Due One Year ,
aoR 9 e~~E 580 . ~
~ cseal) ;
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