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1 .1 ~ ~ MORTGAGE ~n~o ~ Sv ~;~~~8
~ y ~ ~ ~ 'C INTiI(~~g~ N PAYM~ ~
~St~1NT .T~ pqpiER 71. ~OPERIY. ;
~ER P~RR~
S Of 1911. ~,lG i
~ ~~i se c the
n~ prd ~c aacua oouxr• sr u~: `
herein "Mortgagor," whether singular or plural, in consideration of conveyance
of real property hereinafter descrlbed by VENTURE OUT IN AMERICA, INC., herein ~
"Mortgagee", and to ~ecure payment ~r ~alance of the purchase price by
Mortgagor obligated to be paid, as evidenced by promissory note fully identified ~
herein, hereby on this 16 day of April A.O.. 1975 , to- ~
gether with any and all~ufure advances e er n money or supplies, ~-by ,
Mortgagee to the Mortgagor, canveys and mortgages to the said Mortgagee its - ~
successors and assigns the real property in St. Lucie County, Florida, described ;
as follows:~
I
Cuum~~~r.ing at the Soutl~wc~st Cornar ~f Sec~ion 12,_ '1'ow~~ship 37S, Et~.inge 41E, tl~ence
t~ortl? 89°55'14" L alony lhe Sourh line of saici S~~ction 12-77~.~1 feer to a Point
~n the cc~~iterline of Ll~c• 1U0 foat ri9ht-of-way of Sli-AIA: thence N 23°49' 31" W along
tf?c centerline of th~ riyht-oE-way 2,921 .33 Eeet; Ci~ence S fiG' 10'29" W-290.01 feet; ~
t he~~icce N 87' 33' 17" W-3~)3.12 Eeet; thence S f39°57' 13" W-133.~l0 feet; thence S 00' 02'43"
f:-20 feet; thence S 85?'S7'13" W-322.80 fcet; th~i?uc S 00`16'32" E-59.95 feet to the
l~uinL- of IIeginniny; th~~nce t~ 8~~` 56'S0" ~-t12.3: ;4~'~; thence S 00`06'll° L'-60.00
f~~«~L-; ~hence S 89°SG'S0" W-l.l?..22 feet; thence N 00`02'44" W-ly.i.i ~~~t; thence N
UU' 16' 32" W-~1U.26 to the Point of Beginning. _ 3~~- ~~0~~
:~~d~jecl- to a road acc~~ss and utility easement over ttie easterly 12.5 feet. Subject
t~ res.triction of recorJ.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
:121750.00 Jen..~.n Qeach, Florida 16 April , 1975
For value received, I, we, or either of us promise to pay to the order of
VENTURE OUT I P~ A~!ER I CA, I P~C.
~ su~u uf Twelve Thousand Seven Hundred & Fift & 00 100------------------------ Dollars
; "i,~~r•einafter referred to as Total of Payments at the offices of Venture ut in America,
i in Atlanta, Georgia, in 60 consecutive rr~onthly instal lments
i :~i 5 212.50 each beqinning , 19~_, and on
t!~~• sau::~ day each month thereafter, except that the final paymen may be more or less, being
~ ti:~~ a~nount necessary to complete payment of Total of Payments. The accrued interest rate
~ this transaction, not including any delinquency charges wfiich may be incurred later is
~ t~~n percent ( l Oti~ per an~num. - ~
It is agreed that ti~re is of the essence of this contract and that in the event~
.,r defau~t in payment of any installment for a period of thirty days the holder of this
~.,,te may, at its option, declare all the remainder of said debt ~ue and collectable and
~r~y failure to exercise said option shali not constitute a waiver of the right to exercise
~ L'ne same at any other time. In the event of defauli. in payment of this note and of the
~ =,~r~e is placed in the hands°of an attorney for collection, I, we, or either of us, agrees
t.u E3ay all costs of collections, including reasonable attorney's fees, appellate fees and
~ in±erest upon unpaid balance from the event of default at the maximum rate permissible by
; ~dti•~. In case payment shall not be made at maturity, the makers, sureties, and endorsers, ~
R jointly and severally agree to any extensions or rene~•~als without further notice, ~inding `
~ .~urselves for payment hereof, as if no extensions of time or forbearance of payment had ~
~ ~,een m~ade or granted. - ~
~ r
~ I, or we, and each of us whether principal, surety, guarantor, endorser, or
~ ~_:ther party hereto, agree to be jointl~ and severally bound. I, or w~e, each further waive
~e.:}and, protest and non-payment. STAT~ ~Lp R 3 G A
~ • ~ ;
~ DOC'.1MENTARY~~_ _~~TL~ M~P i X :
DEPT. UF FfiVtl~IUE .i #
Given under the hand and seal of each party. " `
~ ~ o ,
~ r,, = =,~~Y-o-7: 19.2
~ - P.B. ^ _ ~
23 ' _;:%f
~ ';o. Due five years Louise C. ~~Shepher sir~. ~~(~ea
~ OR
~ sooK 239 PAGE 595
~ Lot A-16_ Yenture.:Harbour Jensen Be~~h;• F la. (Sea] )
~ ddress
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