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_ i ~ ~ O Y ~ _~Q_ IN PAYr.1~NT OF ?I1XES ~RTGAGE
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E~~.;i~;:.11 PRO/ERIV. -
pURSUANi TO CHAP~E~ 11•13~. NCTS OF 1911. y,~c ~ ~
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a~nc aaan oou~t, sr. wc~ oo. ~
Lawrence F. Aelt and Flsa Anna Belt his wife
herein "Mortgagor," whether singular or plural, in consideration of conveyance
of real property hereinafter described by VENTURE OUT IN AMERICA, INC., herein '
"Mortgagee", and to secure payment of the balance of the purchase price by F
Mortgagor obligated to be a1d, as evidenced by promissory note fully identifled
herein, hereby on this 1~ day of MaY A.D., 19 75 , to-
gether with any and all~u~ure advances e er n money or suppltes, ~e-by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee 1ts
successors and assigns the real property in St. Lucie County, Florlda, described
as follows:
~5// -3//• 0030- oo%
Cannencing at the Southwest Corner of Section 12, Township 37S, Range 41E, thence ~
North 89°55'14" E along the South line of said Section 12-774.41 feet to a Point i
on the centerline of the 100 foot right-of-way pf 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; ti~ence N 87 33'17" W-393.12 feet; thence S 8g'S1'13" W-133.40 feet; thence S =
00°02'43" E-20 feet; thence S a9°57'13" W-377.80 feet to the Point of Beginnin~; ;
thence S 00°16'31" E-100.23 feet; thence S 89°56'27" W-45.19 feet; thence N 00 19'O1" ~
W-100.24 feet; thence N 89°57'13" E-45.26 feet to the Point of Beginning.
Subject to restriction of record. ST'ATE F1.~!
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COCUAIft+lTARY,-- S~:.hi~ ' r; ~ ~
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TNIS IS A PURCNASE MONEY MORTGAGE ~
` r"~~3 3c^zu7•i L.. Fvi• ~h~ n»~nt g~ tl~o nrnmi ~e~rv nn~r~a, ~f w~~ thP ~Q~ ~0~1~~ld ~~OQ~ : ~
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: 5100.00 Jens~:n l3each, Florida 15 May , 19 75
For value received, I, we, or either of us pro~nise to pay to the order of
VENTURE OUT I N Ah'ERICA, I NC.
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t~,E swu of Fifty One Eundred and no/00 - - - - - - - - - - - - - - - Dollars =
3
4 `!~~reinafter referred to as Tota of Payments at the offices of Venture ut in America,
'~;c. , in Atlanta, Georgia, in 60 consecutive R~onthly installments
I ; f S 85. 00 each begi nning June 15 , 19 75 , and on
~ y p p yment may be more or less, being i
` ~~~e san;~ da each month thereafter, exce t that the final a ~
amount necessary to complete payment of Total of Payments. The accrued interest rate
~ f„r this transaction, not including any delinquency charges which may be incurred later is
~ te~~ percent (10~) per annum.
It is agreed that time is of the essence of this contract and that in the event
~~f default in payment of any installment for a period of thirty days the holder of this
,~ote may, 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
~ t~e same at any other time. In the event of default in payment of this note and of the
~ ;Ume is placed in the hands of an attorney for collection, I, we, or either of us, agrees
:u pay all costs of collections, including reasonable attorney's fees, appellate fees and
ir;terest upon-unpaid balance from the event of default at the maximum rate permissible by
lati•,. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
- ;ointly and severally agree to any extensions or renewals withaut further notice, binding ~
~ ~urselves for payment hereof, as if no extensions of time or forbearance-of paymEnt had
~ t.~en made or granted. .
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~ 1, or we, and each of us whether principal, surety, guarantor, endorser, or
.,ther party hereto, agree to be jointly and severally bound. I, or w~e, each further waive
~ ~e~~and, protest and non-payment.
~ Given under the hand and seal af each party. BOOK~9 PACE20Y0
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~ ';o . Due Five Years Lawrence F. Relt ,_~iq (Sedl )
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~ Lot B-1 Venture Harbour Jen en P h F1 a. Flsa Anna Belt s; cr (Sedl )
~ ddress , t . ~ ,
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