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E. HERBERT HIGG?NS_and CATHEFINE C. HI~GINS
herefn "Martgagor," whether singular or plural, in consideration of conveyance
of real property here~nafter described b,~ VENTURE OUT IN AMERICA, INC.. herein
"Mortgagee", and to secure payment of the balance of the purchase price by
Mortgagor obligated to be paid, as evidenced by promissory note fully identified
herein, hereby on this 19 day of A ri 1 A.O., 19~_
, to-
gether with any and all u ure advances e er n money or suppiies. made by -
Mortgagee to the Mortgagor, conveys and mortgages to the sald Mortgagee its ;
successors and asslgns the real property in St. Lucie County, Florid~, described ~
as follows:
. - 3// - 00/~ - DOO~O ~ '
Coumencin at t)~e Southwe~st Curner of Section 1?. Townshi 37S Ra ~
9 . ~ , nge 41E, thence
North 89°SS'1~" L•' alony the South line of said Section 12-774.41 feet to a Point
~n tiie centerline of tlie tUU foot right-of-way of SR-AlA; tl~ence N 23°49' 31" W
alony the center2ine of the right--af-way 2,921.33 fcct; thence S 66'10'29" W-290.01
feet; tl~ence N t37°33'17" ~~-393.12 feet; ttience S 89~57'13" W-133.40 fcet; ti~ence
S 00°02'43" E-20 feet; thence S 89•'S7'13" W-322.8Q feet; thence S OQ`lb'32" ~:-100.21
feet; ttience S 00` 02' 44" h:-79.73 feet to tt~e Point of Begi ~~ninq; thence N 89`' S6' 50"
E-11.2.2i3 feet; tlience 5 UO`'06' 11" E-60,OA feet; th~~~ce S 89` 56' S0" W-112.34 feet;
thence N 00°02'44" W-60.00 feet to the~Point of Beyinning.
Subject to a road acr.ess and utility easement over the easterly 12.5 feet. Subject
to restriction of record.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory riote of which the following is a copy:
3
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~ 25,280.00 Jens~:n Qeach, Florida April 19 , 19 75
For valae received, I, we, or either of us promise to pay to the order of
''s
,
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,
VENTURE (1UT I N AF!E R I GA, I P~C. ~
. ~
~ t;~~ suni of en i ousand Two Hundred and Ei ht and no 00 Doiiars
:i~~.•reinafter referred to as Total of Payments at the off~ces of Venture ut in America,
~;~c.. , in Atlanta, Georgia, in lI9jI con;ecutive ?r~onthly installments
~~f 5__ 210.66,J 211.46 each begi~ming June lst , 19 75 . and on
~r~~> sa~r.~ day each month thereafter, except that the final payment may be more or less, being
ti,c~ a~nount necessary to complete payment of Total of Payments. The accrued interest rate
`~,r• this transaction, not including any delinquency charges wiiich may be incurred later is
t~?~ percent (lOb) per annum.
It is agreed that time is of the essence of this contract and that in the event
;,r default in payment of any installmEn~ 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
~ny failure to exercise said option shall not constitute a waiver of the right to exercise
the same at any other time. In the event of default in payment of this note and of the
~U~~e is placed in the hands of an attorney for collection, I, we, or either-of us, agrees ;
t~, pay all costs of collections, including reasonable attorney's fees, appellate fees and
i;~terest upon unpaid balance from the event of defauit at the maximum rate perrnissible by
1~~~. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
ointly and severaily agree to any extensians or rene~+als without further notice, binding
:~rseives for payment hereof, as if no extensions of time or forbearance of payment had
c,ec~n r^.ade or granted.
I, or vre, and each of us whether principal, surety, guarantor, endorser, or
~.~tt~er party hereto, agree to be jointly and severally bound. I, or v?~e, each further waive
,se~.;and, protest and non-payment. STAT'E F=LOR(DL~. ~ ,
~);~C'JlrtEh'TAR`:'~="` STsi/r1P ?!i).
`o UL';.
DF N.LYE ~4Ut
Given under the hand and seal of each party. E~'~-i
F~ =~'"-~~~1~~~'~''y'` 3 7. 9 5
= + ~ ~
'+o. Due Ten Year~ E. Herbert Hj„~~,j_ns_ ~ ~Seal ) ~
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