HomeMy WebLinkAbout0599 r_ • •
1 , ~ MORTGAGE , ~
\ O i/ S ~.y ~ IN PAYMENT Of Y1~$
\~.l ~O PYRSIIANT 0,CHAPTER
71~13i, ACTS pf ly~ RtY~
~oca Porrrwia j~t~
Rnnal d F_ F11 i e apd Fi 1 Pn E~,CItIqiR 0011RT. ST WCIE e~ ~a~ :
herein "Mortgagor," whether sfngular or plural, in consideration of conv~yance
of real property hereinditer described Dy VENTURE OUT IN AMERICA, INC., herein
"Mortgagee". and ta secure payment of the balance of the purchase price by
Mortgagor obligated to be paid, as evidenced by.promissory note fully identlfied
hereir~, hereb on this~~ da of A.O., 19_~5 , to- - ~
gether with a y and all future advances e er n money or supplies, mad-e by -
Mortgagee to the Nortgagor, conveys and mortgages to the said Mortgagee its ;
successors and assigns the reai property in St. Lucie CounLy, Florida, described '
as foliows: {
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Co~~r+~encing at the Southwest Corner of Section 12, Township 37S, Range 41E; thence
tJ 89°55'l4" E along the South line of said Section 12-7~4.Q1 feet to a Point on the
centerline of the 100 foot right-of~way of Sr-AIA; tt~ence N 23°49'31" W along the
centerline of the rigl?t-of-way 2,921.33 feet; ti~ence S 66°10'29" W-290.01 feet; thence ~
P~ £37°33'l7" W-393,12 feet; thence S 89°57'13" W-133.~10 feet; thence S 00°02'43"-E-20 ~
Y
feet; thence S 89°57' 13" l~t-423.06 feet; ti~ence S 0~°19'O1" E-100.24 feet; ther~ce S ~
00°05'S6" E-139.40 feet to tl~e Point of Beginning; thence S 00°05'S6" E-59.96 feet; ~
ti~ence S 89°53'44" tt-112.58 feet; thence~~~ 00°09'27" W-59.96 feet; thence N 89°53'44"
C-212.64 feet to the Point of t3eginning. ~f~ 3~/ - 0035 - dO,D~Q ~
Subject to a road access and utility easement over the westerly 12.5 feet. Subject ~
to restrict~on of record. ,
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THIS IS A PURCHASE MONEY M4RTCAGE ~
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As security for the payment of the promissory note of which Lhe following is a copy:
31,pR4_QQ Jen:.~_n Beach, Florida -April 18 , 19 ~5
For value received, I, we, or either of us proinise to pay to the order of 3
YENTURE (1UT I N AF!ER I GA~, I NC.
i
Swu of • dr d Ei ht Four ~ 00 100-----------------Bollars '
~~f~reinafter referred to as Tota of Payments at the offices of Yenture ut in America, '
in Atlanta, Georgia, in 12p consecutive m~onthly installments ;
f~ 2fi4.70 ' each begir~ning Mav 18, 19 75 , and on #
sarr.~ day each month thereafter, except that the final payment may be more or l.ess, being ~
a,nount necessary to complete payment of Total of Payments. The accrued interest rate ~
this transaction, not including any delinquency charges wiiich may be incurred later is ~
~~-n Uercent (10~~ per annum. ~
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It is agreed that time is of the essence of this contract and that in the event ~
f~tefault in payment of any installment for a period of thirty days the holder of this '
~:t~ r~ay, at its option, declare ail the remainder of said debt ~ue and collectable and
faiiure to exercise said option shall not constitute a waiver of the right to exercise
'~~c: sa~~~e at any other time. In the event of default in payment of this note and of the
;:t, is placed in the hands of an attorney for collection, I, we, or either of us, agrees
l~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 perrr~issible by
!:1~;~. In case payment shall not be made at maturity, the makers, sureties, and endorsers, ~
,intly and severally agree to any extensions or renewals without further notice, binding i
;rselves for payment hereof, as if no extensions of time or forbearance of payment had
~~cn m.ade or granted.
I, or we, and each of us whether principal, surety, guarantor, endorser, or '
tr,Nr party hereto, agree to be jointly and severally bound. I, or k~e, each further waive
;~~~,and, protest and non-payment. Sl-~TE FLOR.~~
c~ocunn~HTa~~,- : :;~s~nr~+~ i I~ l~
Give~ under the hand and seal of each party. L~~~. UF P.~YE~UE~ ~ ~
M = - .:~f -ti•;= ~ 4 6. ° 5 '
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~Que. Ten Years Ronald E. Ellis siq_~ ~Seal )
a~QK 239 P~~~ 598 ~
_ot B-6 Benture Ha
r~bour~_ Jensen~ $each, F1~- Eileen F.llis sict. (Seal )
~ - = dress
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