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/ • . S IN P11YNE1fT Oi S~
~ MORTGAGE ~ o~ INIANG18lE P~~~~ P~'~RIy,
O pU~A!{T TO p~~R ~l•131. IIGtS OF 1y/1, t~v(
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CLERK CIRCUIY CW~~ St. WC1E CA, ~
Wa?yne K. Millet Lwaille Q. Millet i
herein "Nortgagor," whether singular or plural, t~ considerat~on of conveyance
of real property hereinafter described by VEt~TURE OUT IN AMERICA AT INDIAN
RIVER, INC. (formerly known as HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC.), herein
"Mortgagee," and to secure payment of the balance of the purchase price by Mort-
gagor obligated to be paid, as evidenced by promissory note fully identified
fierein, hereby on this day of A.D., 19~.,,,,~,
together with any and a uture advances, e t er n money or supplies, 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// ~/d-ObBS-QOO~~
Condominium Parcet: Lot ~ 884 of VENTl1RE OU7 AT INDIAN RIVER, INC.,
a Condomi~ium, according to~e~eclaration of Condominium thereof, .
recorded in Official Records Book 201, Page 14D2, et se of the
Public Records of St. Lucie County, Florida, and Amendments thereto
recorded in O.R. Book 225, Page 809, ~et
seg , and O.R. Book 226,
page 393, et se of said records. ~rovided for by the Condominium
Act of the Statutes of the State of Florida tChapter 711, Florida
Statutes 1965, ~et
seg said description in this conveyance includes,
but is not limit~ to, all appurtenances to the Condominium Parcel
described, including the limited conmon elements assigned thereto and
including the undivided interest in the comnon elements of said
Condominium, and, also, all other property, real or personal, situated
in St. Lucie County, Florida, now owned, as well as that which may be
hereaft~r acquired by the Mortgaqor.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
~ 2g26g_6g Jensen Beact, F 1Cr;da ADr~26 .~g~
! For value rece~ved, I, we. or either of us pra-~~E te pav to the order cf
VENTURE OUT IN A~iE~CiCA AT iNDIAN RIVER, INC.
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f t T,. y yy,~ iy~ y L ~y ~~y /
thE r/l iWeai~ N~iQ.p. i~~us~d 4~~ ii~C~ s~~iy ~~N~'w~.=^r~ww~~~ww~ Dollars
(hereinafter referred to as "Total of Pay~er.ts") at the offices of Venture (?ut in f,r-erica a: Indiar. River, Irc.
€ ~formeriy knorrn as "Noliday Out in Air,erita at St. Lutie, Inc.") in Atianta, Georgia, ir 119/1 _ ~
consetuiive monthly ir.stallments of ~~~194.59 each beginning , 19~i
and on the same day cf each month therea ter, except t~t the final payment R~ay e more cr ess, e ng the
a~rount necessary to canplete payment of the Total of Payments. Furthemare, for every installs~ent which remains
~ un~aid fer ten days after its due date, the undersiqned agree to pay a delinquency charqe of S4.Q0. ~
~ It is~a9reed that tiae is of the essence of this ccntract and that in tt~e evE~nt cf default in payment '
4 of any installment for a period of thirty days the holder of this nete may, at.its oGticr., declare all the re-
; r~ain~er of said debt due and collectible and any failure to exercise said o~tion shall rct constitute a waiver
= of the right to exerctse the same at any other tia;e. In the.event of default in pay~s~ent of this note and if the
€ same is placed in the hands of an attorney for collection, I, we, or either of us, agree tc pay ail costs of
collection, including a reasonable attorney's fee and interest upen the unpaid balance fra~ the event of default
`F at the maxir+un rate pern+issible by law. In ~ase payment shall not be made at maturity, the ~akers, su~eties,
ar:d endorsers. ~ointly and severally agree to any extensions or rener+als without further n~tice, binding ourselves
~ fer payment hereof, as if no extensions of time or forberrar~ce of payment had been ~ade cr ~ranted.
i, or Ke, and each of us whether principal, surety. guaranter, endorser, or Other party hereto, agree to
be jointly and severally bound. I~ er we, each further ++aive ~emand, protest and ~cn-Qaymert.
x
s Given under the hand and seal of each party.
€
€ R:o. 884 ~e 10 peauCS (Seai)
~ 3~ST a.W. 68tb. st. '
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K (Seal) ~
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~ ress ~
~ B o~ 239 22~8 ~
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` The total amount of indebtedness secured by this Mortgage shall not exceed ~ 232~A,~ •
'S
IR 5/74 4
- Form Revised: May 1974 -
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