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(01 ~ ~ . 3 ~ MORTGA6E q~~~ ~ • r
~ ! °u~ °N __w
~ IN PA1'y F
. ~0'~~99 w"rs~,~'r r~ a~vrE~Rwc~e~ ~„~E"'? oF T,uc~ ~
HELEN 8. FREDERICKSON a~( ~y RR,~ 19~I~
RI~ ;
~O~IN! ' ~ C0. ~ ?
herein "Mortgagor." whether singular or plural, in conslderation of conveyance
of real property hereinafter described by VENTURE OUT IN Rt#~RICA, 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 17 day of A ri 1 A.D.,'19 75 . to- ~
gether with any and all~u
ure advances e er n money or supplies, ~e-by ~
Mortgagee to the Murtgagor, conveys and mortgages to the said Mortgagee its ~
successors and assigns the real property in St. Luc1e County, Florida, described
as follows:
Coi~nencing at tt~e Soutl?west Corner of Sec:tion 12, Tow~iship 37S, [tange 41E, thence
North 89°55'14" E alon~~ thc~ South line of said Section 12-774.41 feet to a Point !
on th~ centerli~le of the 1O0 foot riyhtrof-way of SR-AlA; tl~ence N 23° 49' 31° ~ t
alony the centerline of thc riyht-oE-way 2,921.33 Feet; thence S 66°10'29" W-290.01
f~el; tl~e~~ce N 87°33'17" W-393.12 feet; rhence S 89`57'13" W-133.40 feet; tl~cnce S
UO•02'A3" E-20 fcet; t.hence S 89°57'13" 1~-322.E30 feet; t-hei~ce S 00°16'32"-100.21
~ fer.t; thence S 00°02'49" L•'-13~~.73 Eeer to the Point of F3eginning; thence N 8~°56'SJ" ;
1:-112.34 feet; tl~ence S(30`06'll" E-GO feet; thence S 89°56'S0" W-112.40 feet; _
thencc: N 00'02'44" W-6U feet to the Yoint of Beyinniny,
. ~
Subject to a road access and utility tasement over the easterly 12.5 feet. Subject !
to restriction of record. ~~~_O~/~,_ ~~~/Q ~
~ 7HIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
~
i
16, 896.00 Jen~.~:n 6each, Florida April 17, , 19 75 ~ ~
For value received, I, we, or either of us promise to pay to the order of
,
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VENTURE OU? I ~1 A~'E RI CA, I NC.
; ~ ~,f~ sum of Six teen Thousand Eight Hundred and Ninty Six and no/00 --~ollars
~ ~:e~reinafter referred to as Tota of Payments at the offices of Venture Out in America, ~
in Atlanta, Georgia, in One (1) consecutive rr~onthly installments ~
r ;t 5_ 1~, 896.00 each beginning April 17, , 19 76 , and on ;
; t:~~~ san:~ day each month thereafter, except that the final payment may be more or less, being- - ~
~ ~~+f: a~~~ount necessary to complete payment of Total of Payments. The accrued interest rate ~
r ~~~r this transaction, not including any delinquency charges which may be incurred later is ~
~ t~=n percent (10"~) per annum. i
~ ~
~ It is agreed that time is of the essence of this contract and that in the event
;ti default in payment of any installment for a period of thirty days the holder of this ~
~ ~,~~t~ ~nay, at its option, declare all the remainder of said debt ~ue and collectable and ~
.:,~y failure to exercise said option shall noL constitute a viaiver of the right to exercise ~
ti;e same at any other time. In the event of default in payment of this note and af the
;U~:~e is placed in the hands of an attorney for collection, I, we, or either of us, agrees -
~ pay 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
~ ~u: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
- .:~rseives for payment hereof, as if no extensions of time or forbearance of payment had
; :.~en made or granted.
~ •
~ I, or yie, and each of us whether principal, surety, guar,antor, endorser, or ;
~
~ tr,er party hereto, agree to be jointly and severally bound. I, or k~e, each further waive
~ ~~,~~,and, protest and non-payment. v~"~AT~ oF ~LG ~ I D A
~ COCU"-4ENTAR~.."•~,?~ST~MP Tt~)" _
~ Given under the hand and seal of each party. ofc~~.OF N.EYENUf " `=ti
- _ :s . ~ 2 5. 3 5 .
~ - °8. ~ `t
_ ~
~ DueApril 17, 1976 - ~ Helen. B. Frederickson ~`sig. (Seal) ~
~ -
~ Lo - Fla BooK239 P~~E 610
~ t A 13 Venture Harbour, Jensen Beach, . (Seal )
~ ' ~ ddress
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