HomeMy WebLinkAbout0587 t _ RECEIYED =~,.!L_~~! _ Ik P~,Yt1kNT QF ~±~xta ~ ~
~ DUE Oti CtJ1SS 'C INTAf~GIBIE PE~cail;~Al PROPERIY~
'l~ `S ~~~'~~83 MORTGAGE ~~+t To cwwiFR n-~~, ~crs a 19~~. M, ~
,y woc~x roru~s x
c~c c~acu~ cvu~, sr. ~uc~e ao, Fu V
Arthur J. Eite a~d Hazel F. Eite his wife
herein "Mortgagor," whether s~ngular or plural. in consideration of conveyanc~ :
of real property hereinafter described by VENTURE OUT IN AMERICA. INC., herei~
"Mortgagee", and to secure payment of the balance of the purchaSe prlce by =
Mortgagor obligated to be aid, as evldenced by promissory note fully ldenttfied 4
hether ~wi eheby on thi s lg day of Apri 1 q,~,, ~ g 7 5 ~ to_ i
g t any and all u ure advances e er n money or suppli~s. ~'e-by ,
Mortgagee to the No~rtgagor, conveys and mortgages to the said Mortgagee its ~
successors and asslgns the real property 1n St. Lucie County, Flor1da, described
as follows:
Cc~nmencirn~ at the Southwest C.ori~er of Sectian 12, ~rownship 37s. Range 418, thence
North 89°55'14" F. alot~~.~ tlie~ Sc~ut-h lin~ of said Section 12-7'I4.41 feet to a Point
on tt~e centerlinc of the 100 foot right-of-w~iy of SR-AIA; thence N 2~° 49' 31" W alony
the centerline af the right-of-way 2,921.33 feet; thence S 6G'10•29" W-290.01 feet; ?
i l~ence N 8?• 33' 17" W-393 .12 feet ; thence S F3~a` 57' 13" W-133. 40 feet; thence S OQ' 02' 43" s
1:-20 fect; thence 5 8`~~57'l3" W-2t0.32 feet to the hoint of Beqinninq; the~ice S ~
~10'OG'll" E-59.94 fect; tt~ence S 89`SG'50" W-112.32 feet; thence N 00°06'l1" W-59.95
fer~t; Ct~ence N 89` 57' 13" E-112.48 feet to tl~e Point of [3eginninq. Subject to a road ;
~,ccess and utility easrment ovr_r that portion oE 131ock A Lot 17 described as follows: '
F~oint of IIeginning beir~g the same P,O.B. for IIlock A Lot 17; thence S OOr06'll" ~
E-S~t.94 feet; thence 5 89'S6'SO° W-12.50 feet; tlicnce N 00`06'll" W-34.94 feet; ~
tla~nce along a curve to the left, K=25, L\=f39'~SG'3G", an arc distance of 39.24 feet; i
thencc N 89' S7' 13" E-37.48 feet to tiie Point of Beginni~ig. ~
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THIS IS A PURCHASE MONEY MORTCNGE ~
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As security for the payment of the promissory note of which the following is a copy: ~
IS, 840.00 Jen~~.n Beach, Florida April 17 ,~g 75
For value rec~ived, I, we, or either of us promise to pay to the order of
YENTURE OUT I N A~'ERI CA, I NC. s
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' i;~~ sum of Fifteen Thousand Eight Hundred and Forty and no/00 ~
-Doiiars :
~.~~reinafter referred to as Tota of Payments at the affices of Yenture ut ~n America, ~
, in Atianta, Georgia, in ane (1) consecutive m~onthly i stallments
S 15,840.00 each beginning il 17 • , ~g~~ , and on
sa,?:~ day each month thereafter, except that the final payment may be more or less, being
CfiE~ a~nount necessary to complete payment of Total of Payments. The accrued interest rate
*ur Lhis transaction, not including any delinquency charges wfiich may be incurred later is
ter? percent (lOb) per annum. 4
i
It is agreed that time is af the essence of this contract and that in the event ~
defauit in payment of any insta~lment for a period of thirty days the holder of this
~.c,te r~ay, at its option, dec]are a]1 the remainder of said debt due and collectable and
.,r~y failure to exercise said option shall not constitute a waiver of the right to exercise
the same at any other time. In the event of default in payment of this note and of the
~:,:;;e is placed in the hands of an attorne,y for collection, I, we, or either of us, agrees
pay all costs of collections, including reasonable attorney's fees, appeiiate fees and
ir~terest upon unpaid balance from the event of default at the maximum rate pern-~issible by
~dr,. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
;ointly and severally agree ta any extensions or rene~~als without further notice, binding
~urselves for payment hereof, as if no extensions of time or farbearance of payment had
~een made or granted.
I, or we, and each of us whether principal, surety, guarantor, endorser, or ~
~.th~r party hereto, agree to be jointly and severally bound. I, or k~e, each further waive
~emand, protest and non-payment. ~~-r-A-~=E
~-~F~ ~LO ~ f D~>
DiCUMfNTARY ;;_..S7yN~ i!• i
Given under the hand and seal of each party. ~n :=~Pf, UF PLVEIrUc
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';o• Due April 17, 1976 Arthur J. Ei~e sig:--~ (Sedl) '
gaoK 239 P~~E 586
Lot 'A-17 .Ve,nt~re ~Harbour, Jensen Beach, Fla. Hazel F. Eite sig. ~ (Seai ) F
7~d'd~ess ~ .
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