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~ ~ MORTGAGE ~~~.8~;~3
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,
Jerry M Hedges and Linda K Hedges, his wife 4
i
herein "Mortgagor," whether singular or plural, i~ consideration of conveyance ~
of real property hereinafter described by YENTURE OUT TN AMERICA, INC., herein ~
"hbrtgagee," and Lo secure payment of the balance of the purchase price by ~
Mbrtgagor obligated to be paid, as evidenced by promissory note fully identified
herein, hereby on this 22 day of t~emb~r A.D., 19~,
together with~any and aTT~ure advances, e er n money or supplies, made by
Mbrtgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
successors and assigns the real property in St. l.ucie County, Florida, described ;
as follows: `
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Condominium Parcel: Lot # 917 of VENTURE OUT AT INDIAN RIVER, INC.;
a Condominium, according to~e~eclaration of Condominium thereof,
recorded in Official Records Book 201. Paqe 1402. et seo.. of the
Public Records of St. Lucie County, Florida, and Amen~ments thereto s
recorded in O.R. Book 225, Page 809, et se and O.R. Book 226, ;
page 393, et_seq., of said records. ~vided~for by the Condominium
Act of the Statutes of the State.of Florida (Chapter 711, Florida :
Statutes 1965, _e_t se~ said description in this conveyance includes, j
but ~s not 3imite o, all_appurtenances to the Condominium Parcel ~
-described, including the limited cortmon elements assigned thereto and ~
- including the undivided interest in the comnon elements of said
Condominium, and, also, all other prnperty, real or personal, situated ~
in St. Lucie County, Florida, now owned, as well as that which may be ~
hereafter acquired by the Mortgaqor. ~ 7
; THIS IS A PURCHASE MONEY MORTGAGE
T
=r~ As security for the payment of the promissory note of which the following is a copy:
_
~ 28,432.89 Jensen ~ach , Florida sex,t._ _22 ,19~_ ~
For value received, I. we, or either of us pro~ise to pay to the order of
VENTURE OUT IN AMERICA, INC,
the sum ofqWIIiTPY EIC~ ZI~i0L1SAI~ID FCXJR ~i~lrIDlt'E'a ~lI1~I'Y ~ DOLTAIiS AI~ 89/100 -----Dollars ~
~ .
~ (hereinafter referred to as "Totat of Payments") at the of~ices of Yenture Qut in America, Inc., in Ptlanta.
Georgia, in 119/1 consecutive Ronthly installments of S 236.94/237.03 eaci?
~ beginning (k-~n}pr 22 _ . 19Z~. and on the same day of each month thereafter, except that the
~ final payment m.ay e more or ess, eing the amount necessary to complete payment of the Total of Payments.
f Furthermore. for every installment which remains unpaid for ten days after its due date, the undersigned agree
~ *.o pay a delinquency charge of 54.00. ~
t It is agreed that time is of the essence of this contract and that in the event of default in Fayment j
of any installment for a period of thirty days the holder of this rate may. at its option, declare all the re-
mainder of said debt due and collectible and any failure to exercise said option shall not constitute a waiver
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, we~ or either of us, agree to pay all costs of
~ collection~ includ~ng a reasonable attorney's fee and interest upon the unpaid balance from the event af Gefault
at the maximum rate permissible by law. In case payment shall not be made at maturity, the mbkers, sureties,
and endorsers, jointly and severally agree to any extensions or renewals without further notice, binding our-
~ selves for payment hereof, as if no extensions of time or forbearance of payment had been made or granted.
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k I, or we, and each of us ?rhether principal, surety, guarantor, endorser, or other party hereto, agree ~
~ to be jointly and severally bound. I. or we, each further waive demand. protest and non-payment. ~
c
Given unAer the hand and seal of each party.
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~ No. 917 Oue 10 years _ JerrY~M Nedges ~(Seal)
~ ~
~ Liilda K Hedges ( S ea 1)
ress
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The ~total amount of indebtedness secured by this Mortgage shall not exceed # 28,432.89 .
~ Form Revised: April, 1975 I/R 4/75
~~~K244 ~~E17~1
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