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Home My WebLink About0602 ! ~ _ I ~ , M4RTGAGE ~cE ~ o ~1..=~~3 `7 ~t~E oM cuss c~ iHr IN PAI'M~ aF Y ~0"~393 ~~NJri TQ py~P1ERr7113~~~S~ilq p~R"~? Ronald E. Ellis and Eileen Ellis ~~Y! ~R~'S ~~b/l. ~,7~~ . „o~..~~,~~ fLt ~ herein "Mortgagor," whether singuiar or plurai, in consideration of conveyance ; of real property hereinafter described by YENTURE OUT IN AMERICA. INC.. herein ` "Mortgagee", and to s~cure payment of the balance of the purchase price by ; Mortgagor obllgated to be paid. as evidenced by promissory note fully identified herel n, hereby on thi s 1~ day of APr~ 1 A.O. , 19 ~ 5, to- ; gether with any and all~ufure advances e er n money or supplies, ma"3'e-by t Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its j successors and assigns the real property in St. Lucie County, Florlda, described 3 as fol l ows : ,r~S//- ~ / / - DO/3 - 004/D : Cummencing at the Southwc~st Corner of Section 12, 7'ownship 375, Ranye 41E, thenee ; North 89~55'lA" E alany the South line of said Sectio~i 12-774.41 feet to a Point on r.l~e centerli?ie oF the lU0 foot right-of-wuy of SR-AlA; thence N 23'49' 31" W along tt?e centerline oF the right-of-way 2.921.33 feet; thence S 66°10'29" W-290.01 feet; tl?E~nce N 87~33`I7" W-393.12 Eect; thence S 89'57'13" W-133.40 feet; thence S 00'~02'43" , 1:-20 feet; tl~ence S 89"57' 13" 1,1-210. 32 feet; the~~ce S 00' 06' 11" E-3E36.82 feet to tite Poir~t of BeginningJ ttl('IlC@ S 20°05'S3" E-112.49 feet; ta the Point of Curvatt~re of a simple Curve having Lhe Radius of 112.A9 feet and 1~=35°48'02"; the~ce alonq the ' Arc af said Curve to the right 70.29 feet; tlience N 15`92'09" [:-112.49 feet to ti~e i ~ I'oint of Beginning. Subj<~ct to a road access and utility easement over that portion of ; l3lock A Lot 9 describeci as follows: Point of (3eginning t~eing ttie same P.O.B. for ~ l~lock A Lot 9; tlience S 20°OS'S3" F.-40.50 feet; thence along a curve to the right. It=40.50 feet Q=35'48'02" an arc distance of 25.31 feet; thence N 15'42'09" E-40.50 ; feet to the Point of Beginning. Subject to restriction of record. ~ ~ THIS IS A PURCHASE MONEY MORTGAGE ~ As securlty for the payment of the promissory note of which the following is a copy: ~ . ~ ; 26,164.80 Jens~~n Oeach, Fiorida April 18, ~ ~g75 ~ ~ For value received, I, we, or either of us promise to pay to the order of ~ s VENTURE OU? I N At!ER I CA, I NC. - . . ~~;e sum of Twenty Six Thousand One Hundred Sixty Four and 80/100-------------------Dollars '~~ereinafter referred to as Tota_ of Payments at the offices of Venture ut in America, ~ :~~c., in Atlanta, Georgia, in 120 consecutive m~onthly installments ~~i 5 2~$•04 each beginning May I8,~ , 1975 , and on ~ sa~::~ day each month thereafter, except that the final payment may be more or less, being ~ ±r~f~ a~nount necessary to complete payment of Total of Payments. The accrued interest rate `~~r ihi, transaction,~not including any delinquency charges wliich may be incurred later is ; t~n percent (1C~) per annum. ~ It is agreed that time is of the essence of this contract and that in the event :r default in Rayment of any installment for a period of thirty days the hoider of this ;.:;te may, at its option, deciare ali the remainder of said debt due and collectable and ~r,y failure to exercise said option sha~l not constit~te a waiver of the right to exercise }±~e sarne at any other time. In the event of default in payment of this note and of the ;~,.;~e is placed in the hands of an attorney for collection, I, we, or either of us, agrees ~.c: pay all costs of callections, including reasonable attorney's fees, appellate fees and ir~terest upon unpaid balance from the event of default at the maximum rate permissibie by 1~:~. In case payment shall not be made at maturity, the makers, sureties, and endorsers, ;intly and severally agree to any extensions or renewals without further notice, binding ~rselves for payment hereaf, as if no extensions of time or forbearance of payment had ~ :,eerz made or granted. ~ ~ I, or we, and each of us whether principal, surety, guarantor, endorser, or t~;er party hereto, agree to be jointly and severally bound. I, or v?~e, each further waive .,e;:~and, protest and non-payment. ~TAT~ ~L-GR:i~~~~ ~OCU1t~Er~T:~R~:~~-::,_.STAMf• ~r+a Given under the hand and seal of each party. i~~~~7. ~.~-~=v~~:~'E - - 3 9. 3~ 0 . c~ - Ps.= ~ . . , ; 2 - - `,u , DUe T -_en YPars Rc~nal d .1 i ~ ~1Q ~(Seal ) ~ BOOK 239 ~~E 601 - ~,aa Fi1Pr~n Fllic S~Q_ ~$ed~~ _ ' • t'~SS . ~ _.M. , w., , _ -