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ERNESTO RAVINET and UNABELLE RAVINET
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herein "Mortgagor," whether singular or plur~i, in consideration of conveyance ~
of real property hereinafter descrlbed Dy VENTl1RE OUT IN AMfRICA, INC., herein 4
"Mortgagee", and to secure paymenL of the balance of the purchase price by f
Mortgagor obligated to be paid, as evidenced by promissory note fully identified ~
herein, hereby on this 17 day of A ri 1 A.Q., 1975. to- ~
gether with any and all u ure advances e er n money or supplles, made by ~
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its ~
successors and assigns the real property in St. Lucie County, Florida, described ~
as follows:
s,[S// - 3 / / - DO~/ - ~UD~D ~
Cnurnr:nc i i1g a t the Sou ti~wes t Cur~ier o f Sec t i or~ 12, Tos•~i~sh i p 37S , Kanye 41 E, thence North ~
f39°55'14" E a1on~~ the Sauth 1i~~e of s~7id Section 12-77~1.41 feet to a Point on the ce~ter-~
line of tF~e 100 foot rir~l~t-uf-way of SR-n~n; thencc? P~ 23°49'31° l4 alonq the centerline i
of the ric~ht-of-~lay 'I_ .921.33 feeC; thencr_ SGf,"10' 29" t~i-290.01 feet; thence ~I 87°31' 17" ~
1•1-393.12 feet; thence S R9°57'13" W-1;i3.44 feet; tt~ence S 00°02'~13" E-20 feet; thence
S F9°!~7'13" 41-Q51,rifi (eet; ~i~ence S a9°55'S7" t•!-ft4.Q4 fee1.; thence S 00°09'27" E-3f37.00
J feet to the Puint of Qe~~innii~y; thence S G2°OG'19"tQ-112.49 feet; thence along a curve t~
tl~e r~ic~lit, R= 112.~19 feet.. ~1 = 27°54'12"~ an ar-c ciistance of 5~1.18 feet; thence N
UO°05'05" W-27.33 feet; thence N t39°53'44" E-a0.b0 feet; thence S 49°28'S6" E-42.00 ~
fPPt to the ~~i i~t of l3egi nni ng . ;
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Sui?ject to a road access and uti 1 i Ly ease~nent over that portion of t3lock R Lot 12 ;
described as follot•is: Point of t~eyinnin~~ beinc~ tl~e san~e fot• Ol~ck [3 Lot 12; thence S `
G2°06`19" t•~-~2.00 feet; tl~~~~ce alony a r.~~rve tu the ri~Iht, R= 42.00 feet, e= 63°24'45'}
.~n arc distance of 50. 15 feet the~~ce S 49°2f3'5G" L'-42.00 feet to the Point of l3eginning. ~
TNIS IS A PtlRCHASE MONEY MORTGAGE
As securlty for the payment of the promissory note of which the following is a copy: ~
~
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14,220.00 .ien~~sn ~euci~, ~~0~'i~ai~Frii i7 , jg~,_
For value received, I, we, or either of us promise to pay to the order of
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VENTURE OUT I N AP!E RI CA, I NC. ~
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~ r,t~ sum of Fourteen Thousand Two Hundred and TwentQ and no/00 -----Dollars #
.:~•~-~:r:~fter refPrr~d to as Tota of Payments at the offices of Venture Out in America, ~
in Atlanta, Georgia, in 120 con~ecutive monthly instailments `
.t 118.50 each beginning May I7, , 1975 , and an ~
c!~~~ sa~~::~ day each month thereafter, except that the final payment may be more or less, Deing ~
c~,c~ amount necessary to complete payment of~Total of Payments. The accrued interest raLe j
~~,r this trar~saction, not including any delinquency charges which may be incurred later is -
' c'?1 Rercent 0 v) per annum. -
_
It is agreed that time is of the essence of this contract and that in the event =
~efault in payment of any installment for a period of thirty days the hoider of this
~.~,te may, at its option, declare all the remainder of said debt ~ue and coliectable and
,,r~y failure to exercise said option shall not constitute a waiver of the right to exercise
tt~e same at any other time. In the event of dei~aulL in payment of this note and of the
~a~,:e is piaced in the hands of an attornr,-y tor ~o;;ec~~~n, I, xe, or either of us, agrees
f~, ~~ay a~l 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 perrc~issible by
';,,t~r. 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
:urselves for payment hereof, as if no extensions of time or forbearance of payment had ~
#
~,~~n ~nade or granted.
~I, or we, and each of us whether principal, surety, guarantor, endorser, or ;
,tt~E,r party hereto, agree to be jointly and severally bound. I, or we, each further waive i
itr;~and, protest and non-payment. STAT~ cj~= FLORlD~;
L`vCUMEAJTARY.=-.-., , STAM~ rt~a
Given under the hand and seal of each party. UE`" L~F Ni~Et~:/-.- ~
y~ ri~~.4•,~ 2 i. 4 5
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o - ~'2 ' ' ~'~-f . ~
';o. Due Ten Years F.rnesto Rav net siq_ (Sedl ) ~
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~39 oA~F 60'l _
-12 Venture Harbour a_ Ilna,bp_1 7 a Ra~~i net si~. ' (Seal )
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