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~1` N~RTGAGE ~~~IASS ~C' IN1µ~ ~~M ~VMEMt pp T
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, ~ ' r?~ 0 ~HAp1ER ~j.~~PERwyql p~~~ES
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j1' t,y~~t~~ I- CIERI( p~lill S~ACiS O~F 1~)~
Richard E. Tener and Frances J. Tener ne! ~
herein "Mortgagor." whether singular or plural, in consideratlon of conveyance
of real ~roperty hereinafter described by VENTURE OUT IN AMERICA, INC., herein
"Mortgagee", and to secure payment of the balance of the purchase prlce by ~
Mortgagor obligated to be pa1d, as evidenced by promissory note fully ldentified
herein, hereby on this ~ aay of iQ~, . A.D., 19 ~.s' , to-
gether with any and all uture advances
e er n money or supplies, maae~by
Mortgagee to the Nortgagor, conveys and mortgages to the said Mortgagee its ?
successors and assigns the real property in St. Luc1e County, Florida, described !
as follows:
Conan.~ncing at the Southwe~:t Corner of Sec~ion 12, Township 37S, Ranqe A1~, thence
NorL-1~ 89°55'lA" F. along the Soul-h line of said Srction 12-774.41 feet to a Point
on thc centerline of t{~e 100 foot rigtit-of-way of SR-AlA; thence N 23°49'31" W
~ atuny tt~e centerline of tlie rigl~t-of-way 2,921.33 fcet; thence S 66~10' 29" 1d-290.01
fe~~t; tt~ence N 87~ 33' 17" W-393.12 feet; ti~ence S 89°57' 13" W-133.40 feet~ thence S
t~0"02'A3" G-20 feet; thence S 89°57'I3" W-322.80 feet; thence S 00°16'32" E-100.21
Ce~t; tt~ence S 00•02'4A" F•.-19.73 feet to tt~e Foint of eeginning; thence N 89°56'S0"
1:-112.22 feet; thence S 00°06'li" E-60.00 feet; thence S 89'S6'S0" W-112.28 feet;
ttience N 00°02'44" W-60.00 feet to the Point of Beginning.
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Subject to a road access and utility easement over the easterly 12.5 feet. Subject
to restriction of record. STA i E~~ ~LORiDA ~
DOCUMEUTARY:~.-_~,lSTqMP 7!'.~~ '
DEPi JF fiEYENUf • -
= Pa i`~ 3 3: 3 0
THIS IS A PURCHASE MONEY MORTGAGE _,,,~2
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As security for the payment of the promissory note of which the following is a copy:
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~_22,120.00 Jens~:n Qeach, Florida ~ 1 6 , 19 ? t'- ~
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For value received, I, we, or either of us promise to pay to the order of
VENTURE OUT I N Ah!E R I CA, I P~C.
i ~t;E- sum of Twenty Two Thousand One Nundred & Twenty & 00/100----------------------9ollars
i 'i~cr-einafter referred to as Tota of Payments at the offices of Venture ut in America,
; ?~:c., in Atlanta, Georgia, in l19/1 con~ecutive rr~onthly installments
j ~~f 5_ each begi~ming /C , 19~ and on
~ c~~~~ $a~~:~ da~ each month therea ter, except that the finai ayment may be more or less, being
~ tr:c~ a~iwunt necessary to complete payment of Total of Payr~ents. The accrued interest rate
~ ~;~r this transaction, not including any delinquency charges which may be incurred later is
~ ~~n percent (l0a) per annum.
~ It is agreed that time is of the essence of this contract and that in the event ~
~ ~~i default in payment of any installment for a period of thirty days the holder of this
r,cte may, at its option, declare all the remainder of said debt due and collectable and
~~~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 default in payment of this not~ and of the
;~~;:~e is placed in the hands of an attorney for coll~ction, I, we, or either of us, agrees
~ to pay all costs of collections, including reasonable attorney's fees, appellate fees and
~ i~~terest upon unpaid balance from the event of default at the maximum rate permissible by ;
~ law. In case payment shall not be made at maturity, the makers, sureties, and endorsers, :
g ;cintly 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 ~
!:een made or granted.
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~ I, or we, and each of us whether principal, surety, guarantor, endorser, or
~•ther party hereto, agree to be jointly and severally bound. I, or h~e, each further waive
~ ~e~nand, protest and non-payment.
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Given under the hand and seal of each party.
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~ ':o. Due ~O ~/~Aas 1~ic~AzD ~ .~etile~ ~~4 (Seal)
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~ _ ; /I goaK 239 P~~E ~9 2= ~
~ .T V P.~TuR ~N.~~¢.~o j fLAac.cS ~ ~1"e ~+e ~ ~ (Seal )
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ddress
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