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kEI;EIYEp IN PAYMEPIT OF T~tE~{
DUE ON Cl/ISS 'C' INTMIGIBLE PE:tSOtiAL PROPEH~r,
PUR9lIAIlT i0 CHA?~TER~71•~~ TS OF 19/l.
a~ruc nROr,rr cou.ti u wc~ oo, n~, ~ 1660
MORTGAGE
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~aobert G Leister ard Elizabeth E Leist~er, his wife ~
herein "Mbrtgagor", whether singular or plural, in consideration of conveyance `
of real property hereinafter described by YENTURE OUT IN AMERICA, INC., herein ~
"Mortgagee", a~d to secure pa~yment of the balance of the purchase price by ~
Mortgagor obligated to be paid, as evidenced by promissory note fully identi-
fied herein, hereby on this 18 day of Septa~er A.O. 19 75.
together with any and all future~vances, e~t er n money or supplies, ma~e
by Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee
its successors and assigns the real property 1n St. Lucie County, Florida, '
described as follows: ~pptws~s y~-~~+,r~~-d0~/~ d00/9
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Condominium Parcel: Lot ~ N-6 of HOLIDAY OUT AT ST. LUCIE, a
Condominium, according to t-~6eclaration of Condominium thereof,
recorded in Official Records Book 168, Page 1348, et se . of the
Public Records of St. Lucie County, Florida as amen~e~y Agreement
dated January 31, 1969 recorded in Book 175. Page 1682 et se . ~
said Public Records ("lot"). As provided for by the Conaom~ium ~
Act of the Statutes of the State of Florida (Chapter 711, et seq. ~
1965 as subsequently amended) said description in this conveyance ;
includes, but is not limited to, all appurtenances to the condo-
minium parcel above described, including the limited cortmon elements ~
assigned thereto, and including the undivided interest in the com-
mon elements of said Condominium, and, also, all other property,
real or personal, situated in St. Lucie County. Florida, now owned, y
as well as that which may be hereafter acquired by the Mortgagor. '
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THIS IS A PURCHASE MONEY MORTGAGE ~
As security for the payment of the promissory note of which the following iz a copy:
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Jensen Beach , florida September 18, ~g 75 '
s__ 11.419.20 ~
For value received, I. xe. or e~ther cf cs pra:~ise to pay to the order of
VENTURE OUT IN AMERICA, INC. ~
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tne s~m of Eleven ~Ynusand Faur Hundred Nineteen Dollars ar~d 20/100 > a r~ ~
(hereinafter referred to as "Total of Ga;m!ents") at the o~fices af Venture Out irt America. inc., in Otlanta,
Georgia, in 120 consecu*_ive ROnthly ir.stallments of S 95.16 eacn
' beginning ~r 1$ , 19 7~ anG on the sar•:e day of each Ronth thereafter~ except thai tt~e ;
~ final paymen Fay e more cr ess. etng ihe amount necessary to cemplete payment of the Total of Payments. ~
Furthernwre, for every ~nstallfient wh~c?: remains unpaid for ten days after its due date. the undersigned agree ~
; to pay a delinquency charge of 54.C~.
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~ It is agreed that time is of the essence of this contract and that in the event of default in ~ayment ~
of any instailnent for a period of thirty days the holder of this note may. at its option. deciare all the re-
t mainder of said de~t due and collectible and any failure to exercise said option shall not constitute a waiver
E of the right to exercise the sar.~e at any other tine. In the event of defauit in payment of this note and if the
's same is placed in the hands of an attcrney for coliection. I, we. or either of us. agree to pay alt costs of
i collection, inctuding a reasonable attorney's fee and interest upon the unpaid Dalance fran the event of default
~ at the maxi~num rate pemissible by law. In case payment shall not be made at aiaturity. the makers, sureties,
! and endorsers. jointly and severally agree to any extensions or renewals withaut further notice. binding our-
, selves for pay~~ent hereof~ as if na extensions of time or forbearance of payaient had been made or granted.
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~ 1, or we. and each of us whether principai~ surety. quarantor~ endorser, or other party hereto. agree
to be jointly and severalty Mund. I, or we. each further waive demand. protest and non-payment. ~
Given under the hand and seal of each party.
~ do. N-6 o~e 10 years Robert" G. Leist~x (Seal )
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c o Holi.da Out a St Lucie Eli2c~beth E Leister (5ea1) ~
; ress ~
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; The total amount of indebtedness secured by this Mortgage shall not exceed ~
S 11.419.20
+ ~ t~ UCUMr~
ARJ~ ~~T~ ~r ~ ~OK~~~ P~E HOSL 5/75
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