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~ S MORTGAGE RECEIVED ~N PAYMFNT pf TM~~
' DUE UM Ci/1SS 'C INIANGIBIE PE tSuN.4l PROPERIY,
~ ~~~~85 P11R,SUAt1i TO CfIAPlER 71•13~, ACTS OF 19/1. ..1~
. ' RAGEIt POITRAS
l~FRK CIRCUR OOURT, SI. WC~E C0~ FU~
Alfred L,Jones Blizabeth H. Jones
i
herein "Mortgagor," whether singular or plural, in consideration of conveyance ;
of real property hereinafter described by YENTURE OUT IN AMERICA, INC.. herein ;
"Mortgagee", and to secure payment of the balance of the purchase prlce by ~
Mortgagor obligated to be gaid, as evidenc~ed by pru~~~~~~ry note fully ldentified ~
herein, hereby on this 2 day of ePr i A.O., 19 75 , to- t
gether with any and all~u~ure advances e er n money or supplles, ma3e by
Mortgagee to the Mortgagor, conveys and rtrortgages to the said Mortgagee 1ts
scsccessors and asslgns the real property in St. lucie County, F'lorida, described
as follows: ~
Cortunencing at the Southwest Corner of Section 12, Township 37S, Range 91E, thence
N~~rth 89' S5' 14" E along the Sautl~ line of said ti~~ction 12-774.41 feet to a Point on ~
ri~e centerline of the 100 fc~ot riqiit-of-way of SR-A1A; thence N 23° 49' 31" W along tlie
c•en~crline of the right-of-way 2,921.33 feet; tt~ence S 66~10'29" W-290.01 feet; thence
tl t3"/°33'17" W-393.12 f~et; thence S 89"57'13" W-133.40 feet; thence S 00°02'43" E-2Q
fc~et; tt~ence S 89`'S7'13" W-210.32 feet; tli~~nce S 00°06'll" L•'-38G.82 feet to the Point
oE Is~y inning; thence N 4E3° 22' 17" L•'-~0. SO feet; tl~ence N 89° 5G' S0" E-82.15 feet; ttience
N U~)'08'46" W-60.00 feet; thence S 89°56'S0" W-112.42 feet; thence S 00°06'll" E-86.8~ ;
feet to the Point of Be9inni~tig. Subject to a road access,and utility easement over thaC
~.•~rtion of Block A I.ot G described as follows: Foint of Aeginning beinq the same P.O.B. :
for Biock A Lot 6; thence N 4fi'22'17" E-40.50 feet; thence along a curve to the left, ~
k=40.50 feet,0 =30°29'SO" an arc distance of 21.SG feet; ti~ence N OOP06'll" W-48.3A
feet; thence S 89~56'S0" W-12.50 feet; thence S 00`06'll" ~-86.86 feet to the Point ,
of Beginning. Subject to restricCion of record. O~~ <
;
THIS IS A PURCHASE MONEY MORTGAGE ~
As security for the payment of the promissory note of which the following is a copy:
.
3237.39 Jen:.~:n Qeach, Florida April 21 , 19 75 ~
For value received, I, we, or either of us prornise to pay to the order of ~
;
YENTURE QUT I N AP!-E--R~-~ CA, I P~C.
sum of Three thousand two hundred thirty seven &39/ZOO----------------- Dollars
~,~reinafter referred to as Total of Payments at the offices of Venture ut in America, ~
~ in Atlanta, Georgia, in o1e consecutive rr~onthly installments =
~ r S 3237.39 each begi~ming ~pril 21 , 19 76 , and on ;
; sa~r.~ day each month thereafter, except that the final payment may be more or less, being ~
~ cr,~ au?ount necessary to complete payment of Total of Payments. The accrued-interest rate ~
~~,r this transaction, not including any delinquency charges which may be incurred later is s
~ percent (lOb) per annum. '
~ E
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It is agreed that time is of the essence of this contract and that in the event ~
,r default in payrrent of any installment for a period of thirty days the holder of this
~.~te ?nay, at its option, declare all the remainder of said debt ~ue_and collectable and
:~~y failure to exercise said option shall not const,itute a waiver of the right to exercise
~ ~,~e same at any other time. In the event of default in payment of this note and af the
~ ~::.,~e is placed in the hands of an attorne.y for collection, I, we, or either of us, agrees
~c; E~ay all costs of collections, including reasonable attorney's fees, appellate fees and
~ ~;terest upon unpaid balance from the event of default at the maximum rate perir~issible by
~ ~::~r,. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
~ ~,sintly and severally agree to any extensions or renewals without further notice, binding
: ~rselves for payment hereof, as if no extensions of time or forbearance of payment had
~ , n ~r,ade or granted . ~
~ I, or we, and each of us whether principal, surety, guarantor, endorser, or ~
~ ,tr~f~r party hereto, agree to be jointly and severally bound. I, or we, each further waive ~
~~,;~~and, protest and non-payment. ~ n jl ~..~..c f.-~.-~~O~iD~- -
~ •~z •')G'lJt.~E~lTARY.- - 5?A.?w1:~ iA>:
~ Given under the hand and seal of each party. z~ :~EF-I. UF N.EVEhUE-j
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