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RECE(VED IN PAYMFNT OF TAItlS `
S~ MORTGAGE DUE ON CUISS 'C INTAMGIBIE ~E r~ o.~Fk~v,
3''(J~ I ~ PURSUAqT TO CFIAPTER 71•131. ACTS OF 19/l.
~ ~ ~0'~4p1 ~on~
c~roc c~~cun oouirr, sr. wc~ oo, fu
STANLEY I. CLARK and BARBARA L. CLARK His Wife
herein "Mortgagor," whether singular or plural, 1n consideration of conveyance
of real property hereinafter descrlbed by VENTURE OUT IN AMERICA, INC., herein
"Mortgagee". and to secure payment of the balance of Lhe purchase price by
Mortgagor obligated to be paid, as evidenced b promissory note fully identified
herein, hereby on this ~ day of c~? A.D., 19~r , to-
gether with any and all u ure advances e er n money or supplies, ~e by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee 1ts
successors and assigns the real property in St. Lucie County, Florida, described
as follows: • `
.y~
i/- 3~~- oa3~ - o~o%
Co~~tinencing at the Southwest Corner of Section 12, Township 37S, Range 41E, thence N ~
89°55'14" E along the South line of said Section 12-774.41 feet to a Point on the
centerline of the 100 foot right-of-way of SR-AIA; thence N 23°49'31" W along the
centerline of the right-of-way 2,921.33 feet; thence S 66°10'29" W-290.01 feet; thence ~
N 87°33'17" W-393.12 feet; thence S 89°57'13" W-133.~10 feet; thence S 00°02'43" E-20
feet; thence S 89°57'13" 1J-423.06 feet; thence S 00°19'O1" E-59.77 feet to the Point
of 13eginning; thence S 00°19'O1" E-40.47 feet; thence S 00°05'56" E-19.48 feet; thence
S 89°53'44" W-112.76 feet; thence N 00°09'27" W-59.96 feet; thence N 89°53'44" E-112.77 3
to the Point of Beginning. , ~
Subject to a road access and utility easement over the westerly 12.5 feet. Subject
to restriction of record.
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THIS IS A PURCHASE MONEY MORTGAGE ~
As security for the payment of the promissory note of which the following is a copy: ~
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23,700.00 Jens~:n Beach, Florida q~. is , 19 7~~
'~or value received, I, we, or either of us promise to pay to the order of k
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VENTURE UUT I Af!E R I CA, I P~C. #
~ ;,h~~ sum of Twenty Three Thousand Seven Hundred and np/00 ------~ollars
'h~•reinaftEr referred to as Tota of Payments at the offices of Venture Out in America,
I !r;~., in Atlanta, Georgia, in 12~ consecutive m~onthly i staliments
E ,~f 5 197.50 each beginning une 1, , 19 , and on
~ ttz~~ sa~::: day each month thereafter, except that the final payment may be more or less, being
~ a~~?aunt necessary to complete payment of Total of Payments. The accrued interest rate
~~r- this transaction, not including any delinquency charges which may be incurred later is
~ ter~ percent (lOb) per annum.
~ It is agreed that time is of the essence of this contract and that in the event
,;r ciefault in payment of any installm~nt for a period of thirty days the holder of this
i,c~te ~nay, at its option, declare all the remainder of said debt due and collectable and
~ :~ny failure to exercise said option shall not constitute a waiver of the right to exercise
the sa~ne at any other time. In the event of default in payment of this note and of the
~ ~d~,~e is placed in the hands of an a-ttorney for collection, I, we, or either of us, agrees
~ ±u pay all costs of collections, including reasonable attorney's fees, appellate fees and
~ interest upon unpaid balance from the ~vent of default at the maximum rate permissible by
~ 1av~. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
_ ~ointly and severally agree to any extensions or renewals without further notice, binding
R :,urselves for payment hereof, as if no extensions of time or forbearance of payment had
~ :~~en made or granted.
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~ I, or r~e, and each of us whether principal, surety, guarantor, endorser, or
~ ,t?-~~r party hereto, agree to be jointly and severally bound. I~ or-k~e~ each_further waive
~ ~~emand, protest and non-payment. STAT ~~~r FL O R 1~~-1.
~ L'OCVMENTAR`! ~ : ~ STktY~P T,:
~ Given under the hand and seal of each party. `a ~~r(.Gf F'.cY"tNU~-. t
.,k~-:•~: {l~~;~ ~ 3 5. 5 5
~ M = vs = t. .
~ . -
~ ';o. Due 10 years Stanley I C ar e s
q (Seal j
~ eooK 239 P~~E 6~3
~ Lot B-3 Venture Harbour Jensen Beach, Fla. Barbara L. Clark sig (Seal)
z - ~ ddr~ss '
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