HomeMy WebLinkAbout0107 Y
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ouE oN a~ ~c aq~ei.f ~~ao~ ?~n. ,
rua~ r oww~ i.~~ o~ 19~1,~,c~ MORTGAGE
I~c p~cert CouitL sT. wc~ co.. Ful ~ •
.;~..«s N. Baa~rosotuaidt, Mas~?srt C. Bs?u~rnaahaidt, Jobo O._ Bau~arosah~i~it ;
,
herein "Mortgagor," whether singular or plural, in consideration of conveyance
of real property hereinafter described by YENTURE OUT IN AMERICA, INC., herein :
"Mortgagee," and to secure payment af the balance of the purchase price by
Nbrtgagor obligated to be paid, as evidenced by promissory~note fully identifled
herein, hereby on this ~Ztb day of D.~a~.b~r ~ A.D. , 19 7s ,
together with any and a1T~fu~re advances, e er n money or supplies, made by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee tts
successors and assigns the real property in St. Lucie County, Florida, described
as fol l ows : u~`~oiY :'j1.5~//" -O/4~- DOD
~.n Condomintum Parcel: Lot ~908 of VENTURE OUT AT INDIAN RIVER, INC.,
cv a Condominium, according to t~ie~eclaration of Condominium thereof,
~ recorded in Official Records Book 201, Page 1402, et seg., of the
~ r~ Public Records of St. Lucie County, Florida, and Amendments thereto
r;r r.ecorded in O.R. Book 225, Page 809, e~t se4- , and O.R. Book 226,
page 393, et seq., of said records. ~ovided for by the Condominium
~ ~ : ~
Act of the Statutes of the State of Florida (Chapter 711, Florida
Statutes 1955, ~et
seg.), said description in this conveyance includes,
but ~s not lim~t-~, all appurtenances to the Candominium Parcel
' described, including the l~mited ca~nnon elements assigned thereto and i
including the undivided interest in the comnon elements of said }
",-z{ Condominium, and, also, all other property, real or personal, situated ~
~ in St. Lucie County, Florida, now owned, as well as that which may be ~
m•
hereafter acquired by the Mortgaqor.
THIS IS A PURCHASE MQNEY MORTGAGE
~As security for the payment of the promissory note of which the following is a copy: ~
t
,
~
§
'i S 25~441.93 JtuseO Beaah , Florida r~~,~ sQ ~19_~_
i -
For value received, I. we. or either of us pror.~ise to pay to the order of
.
VENTURE OUT IN AMERICA, INC.
. .
tne sum of 1~?toty fiv~ thousand fous buadssd forty oa~ 93/100 Do?lars
' (hereinafter referred to as "Total of Pay+r•ents") at the offices of Yenture Qut in America, Inc., in Ptlanta,
i Georgia, in 119 consecutive ~ronthly instaltments of S21Z.02/211.S5 _ eacn
; beginning Ft r~~~ , 19 77, and on the same day of each month thereafter, except that the
; final payment may e more or ess. e~ng the amount necessary to complete payment of the Total of Payments.
! Furthermore. for every instal.lment Nhich remains unpaid for ten days after its due date, the undersigned agree
to p~y p.d+elinquency charge of 54.00. ~
It is agreed that time is of the essence of this contract and that in the event of default in"~ayment
of any installr~ent for a peri~d of thirty days the hoider of this note may, at its option, declare all the re-
mainder of said debt !!ue'~nd'~otlect~bl'~'~nd any failure to exercise said option shall not constitute a waiver ~
I of the right to exercise the same at any other time. In the event of default in payment of this note anc~ if tt?e
~ same is placed in the hands of an attorrtey for collection. I~ we~ or either of us, agree to pay all costs of
collection, including a reasonable attorney's fee and interest upon tfie unpai8 balante fram the event of default
ai the maximum rate permissible by law. In case payment shall not be made at maturity, the makers, sureties. ;
' and endorsers. jointly and severally agree to any extensions or renewals without further notice, binding our- s
, selves for payment_h~reof, as if no extqnsions of.tlme or forbea,~arrce of paynent fiad tieea made or granted.
I, or Ke. and each of us Nhether principal. surety, guarantor. endorser, or other party hereto, agree
, to be jointly and severally bound. I. or we, each further waive denand, est and non-pa t.
' Given unAer the hand a~d seal of each party.
No. Due 10 Ytars ~ Seal )
1177 Rive~c Bay Road~ Routt 6 '
Aonapolis~ Maizyl~wd 21401 (Seal)
ress "
~ -~~1~ s
~
s
The total amount of indebtedness secured by this Mortgage shall r~ot~exceed ~~5,441.93
t
Form Revised: Apri1~= 19~5 rt~ ' I/R 4/75 ~
2~8 P~E 106
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"~"-~~`~Sk~'si '4~srife~, Er:'Y.C.».".)