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1/, RECEIVED 3 3`' , IN PAYMENT OF TAXq :
~V ~ MORTGAGE CLASS 'C INTA'!f:IBIE FE ':J.UIL PROPERIr, F
3 <~Q~~~~~ p{IRSl1ANT TO CFIM~TE~I~ ~ TS OF 19/1/71~ S
~ c~anc awaur oouxr. u. ~ oo` Fu ~ ,
Don Smith and Fave Smith ;
' i
herein "Mortgagor," whether singular or plural, in consideration of conveyance `
of real propert~r herelnafter descrlbed by YENTURE OUT IN AMERICA, INC., herein
"Mortgagee", and to secure payment of the balance of the purchase prlce by
Mortgagor obligated to be paid, as evide~ced by promissory note fully identified
herein, hereby on this day of A.D., 19 , to-
gether with any and all~uture advances e er n money or supplles, ~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. described
as follon~ls: y~ 3//- 043l0- 000/D
Gonmencing at the Soutl~?,~est Corner of Section 12, Townsl~ip 37S, Range 41E, thence North
a9°55'14" E along ti~e South line of said Section 12 - 774.41 feet to a Point on the
centerline of tl~e 100 foot right-of-way of SR-AIA; tl~ence N 23°49'31" W along the
centerline of the right-of-?~ay 2,921.33 feet; thence S 66°10'29" W-290.41 feet; thence
N fs7°3B'17" W-393.12 feet; tlience S 89°57'13" W-133.A0 feet; thence S 00°02'43" E-20 ;
fc~et; thence S a9°57'13" W-A51.56 feet; thence S 89°55'S7" W-84.04 feet; thence S ~
00°09'27" E-3a7.00 feet to ti~e Point of 13e9inning. Thence N 49°lb'24" E-42.00 feet;
Ci~ence N 89°53'4~!" E-80.61 feet; thence P! 00"05'56" W-59.9G feet; thence S 89°53'44"
t•1-a12.58 feet; thence S 00°09'27" E-87.30 feet to the Point of Qeginning.
Subject to a road access and utility easeme~~t over that portion of alock Q Lot 7 described
~~s folloris: The Point of Qeginniny being the same for [31ock Q Lot 7; thence N 49°1G'24"
C-42.00 feet; thence alony a curve to the left, R=42.00, n= 32°06'SS" an arc distance
c,f 23.54 feet; thence N 00°09'27" E-47.20 feet thence S 89°53'44" W-12.50 feet; thence
5 00°09'27" E-87.30 feet to tlie Point of [~eginniny.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the follow.ing is a copy:
15~Rq~_pp . Jens~:n Qeacli, Florida AQR.~ ~ 19
For value received, I, we, or either of us proinise to pay to the order of
s
V ENTURE 0UT I N A~'ER I CA, I NC, #
~
,
_
I' •.~un of T nd Ei ht Hundred Ninet Six and OQ XXX Dollars '
I r~. rc~inafter referred to as Tota of Payments at the offices of Venture Out in .America, ~
~ in Atlanta, Georgia, in One (1) con~ecutive ~r~nthly installments ~
~ '~_..,6,896.Q0 each begi~ming May 1 , 19 76 , and on 1
~ ";~u,::~ day each month thereafter, except that the final payment may be more or less, being ~
€ ~r~: ~~~wunt necessary to complete payment of Total of Payments. The accrued interest rate '
ttii; transaction, not including any delinquency charges which may be incurred later is
• 4~c~rcent (l0u) per annum.
~ It is agreed that ti~re is of the essence of this contract and tt~at in the event ;
~~if.:f~ult in payment of any installment for a period ~f thirty days thE holder of this
c~ ~~~ay, at its option, declare all the re~nainder of said debt due and collectable and ~
:r~; r;~ilure to exercise said option shall not constitute a vraiver of the right to exercise E
~r.~• sau~e at any other time. In the event of defiauli: in payment of this note and of the ~
is placed in the hands of an attorney for collection, I, we, or either of us, agrees
~ ~,~~y all costs of collections, including reasonable attorney's fees, appellate fees and _
~ ~~~r~est upon unpaid bal~nce from the event-of default at the maximum rate permissible by
~ In case payment shall not be made at maturity, the makers, sureties, and endorsers, ~
~ ;;ntly and severally agree to any extensions or renewals without further notice, binding
~ ,~-~,~~lves for payment hereof, as if no extensions of time or forbearance of payment had
~ ~...~,•n ;rade or yranted.
~ I, or we, and each of us whether principal, surety, guarantor, endorser, or
~-:~~r party hereto, agree to he jointly and severally bound. I, or ~~e, each further waive '
~ :t.,and, protest and non-payment. ~TATE FLC~RlG~ ~
' CGCUME~vTtiFcY-.•' STE~MP tl•.?: ~
~ _ ~
~ Given under the hand and seal of each party. ~~E~r OF P.EVE"1UE ~ -
" ~ 5. 3 5
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Due O~,e Year pon Smitn s~g. Z~eal )
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~ ~~t B-7 Yenture Harbor, Jensen Beach, Flortda g00K239 PACE 50J
~ ~ . ~ye Smith sia
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