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RE~ENED =_~f ~ tN PAYMEMT OF TAl(E3
y ~ • MORTGAGE p~~ Td CWWTER 7~ ii. IUCTS
~ io~'r,
~ 1 ' NOQ~Qt POtU1AS ~.l' ` ` ;
CiFiqt CIAfUIT OOURf. ST. WCiE OQ. M~ ;
NuRFRT c n~7R0 AND JOAN M DUTRO, His wife _ ~
f
E
herein "Mortgagor," whether singular or plural, in consideration of conveyance '
of real property hereinafter described by VENTURE OUT IN AMERICA AT ST. LUCIE, ~
INC., herein "Mortgagee", and to secure payment of the balance of the purchase
price by Mortga gor obligated to be paid, as evidenced by promissory note fully
identified herein, hereby on this 7th day of A.D.,
19~5
, together with any and all future advances e ther n money or supplies, made }
by t~brtgagee to the Nbrtgagor, conveys and mortgages to the said Mbrtgagee its ;
successors and assigns the real property in St. Lucie County, Florida, described
as follows:
Condominium Parcel: Lot No. V 154 of VENTURE OUT AT ST. I.UCIE, INC., A
Condominium according to the c aration of Condominium thereof and
Amendments thereto, recorded in Official Records Book 189, Page 1677,
~e_~t_~ s~.; O.R. Book 190, Page 2658; O.R. Book 203, Page 1837; and O.R. ~
BooTc ~26, Page 395, of the Public Records of St. Lucie County, Florida. '
As provided for by the Condominium Act of the Statutes of the State
of Florida (Chapter T11, ~et
s~e., 1965} said description in this con- `
veyance includes, but is no--t T~mited to, all appurtenances to the
Condominium Parcel above described, includ~ng the ltmited caman~ ~
elements assigned thereto, and including the undivided interest in ~
the cortnan elements of said Condominium. ,r~/S
~~_~aS-D/S~/- 004/~ £
~
THIS IS A PURCHASE MONEY MORTGAGE `
As security for the payment of the prnmissory note of which the following is a copy:
S 7.458.75 Jensen Beach. Florida April 7 ~ ~g 7~ ~
~
for value received, I, xe. or either of us promise to pay to the arder of
VENTURE OUT IN AMERICA AT ST.LUCIE, INC.
the sum of c~~N T~Q~$~ ~(111R NuNnRFn FIFTY EIGHT DQLLARS_Ad~ 15/100---------- Dollars i
'.rereinafter referred to as "Total of Payments") at the offices of Yenture Oat tn Merica at St. lutle. Inc.,
ir Atlanta. Georgia. 1n ~q/1 tonsetutive monthly 1~stallr..ents ot' S j24 I ~Z4.~6 each ;
beginning Mdv 2~~ , 19 7~ and on the same day of each month thereafter, except that the -
4ina1 payment may e more
or Tess. 6e~ the
a`aaunt necessary to canplete payment oF the Total of Payments.
=urthernwre, for every installa+ent r+hich remains unpaid for ten days after its due date. the undersigned agree
~ to pay a delinquency charge of S4.00.
It is agreed that time is of the essence of this contratt and that in the event of default in payment
of any installment for a period of thirty days the holder of tfiis note may. at its option, declare all the re-
; ^~ainder of said debt due and collectible and any failure to exercise said option sha11 not constitute a aaiver
of the right to exercise the same at any other time. In the event of default in payment of this note and if the
' same is placed in the hands of an attorney for collection. I. r?e, or either of us, agree to pay all costs of
i collection, including a~reasonabte attorney's fee and interest upon the unpaid balance frcw the event of default
at the maximun rate permissible by law. In case payment shatl not be made at maturity. the makers, sureties.
and endorsers, jointly and severally agree to any extensions or ren~+als Mithout further notice, bfnding our-
~ selves for payment hereof, as if no extensions of ti~e or forbearance of payment had been made or granted.
I, or ae, and eath of us r+hether principal. surety, guarantor. endorser, or other party hereto, agree ~
to be jointly and severally bound. I. or we, each further Naive denand, protest and non-payment.
~ Given under the hand and seal of each party.
; ~ i
V 154 Due 5 year~ (Seat) ~
- -
Hube Dutro t }
(Seal)
ress ri M DUt1ro
I
~ The total amount of indebtedness secured by this Mortgage shall not exceed E T,458.75
_ _
,o ~~A~~'E= Ft_._:~i-~: # 0 R SL 12/74
; ~ ~~~~'JMEfI:r,~:~ - : 5~;:;~s~ : gooK239 PAGE~~~
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