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~ MORTGAGE 3~280 .
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Ch~rl~i J_ S~ll~rs. JY. (ieraldi0~ 8, $=ll~rs
herein "Mortgagor," whether singular or plural, in consideration of conveyance .
of real property hereinafter described by VENTURE OUT IN AMERICA, INC., herein
"Mortgagee,"~and to secure payment of the~balance of the purchase price by
Mortgagor obligated to be paid, as evidenced by promissory note fully identified ~
herein, hereby on this~~
day of ~y~ - A.D., 19~~, ~
together with a~y and a11 future advances, e er n money or supplies, made by ~
Mortgagee to the Nbrtgagor, conveys and mortgages to the said Mbrtgagee its ~
successors and assigns the real property i~ St. Lucie County, Fiorida, described ~
as fol l ows : APPRAISER$ . f
_ - u~E OMLY • ~.3~/I = ~5"/D - DII~/ - DD~~~ ~
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; 1~,~ ' Condominium Parcel: Lot # of VENTURE OUT AT INDIAN RIYER, INC.,
O`~ a Condominium, according to t e eclaration of Condominium thereof,
s~~ recorded in Official Records Book 201, Page 1402, et seq., of the 0
`J`~~ N Public Records of St. Lucie County, Florida, and Amendments thereto
;~al tti N ~
recorded in O.R.~ Book 225, Page 809, et se and O.R. Book 226, ,
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page 393, et seq., of said records. s provided for by the Condominium o` ;
t Act of the Statutes of the State of Florida (Chapter 711, Florida ~ !
4•..~ '.~r; Statutes 1965, ~et
seg said description in this conveyance includes, °
~?W"'~" but ~s not limite o, all appurtenances to the Condominium Parcel $
W~iz ~ ~described, including the limited comnon elements assigned_thereto and
rW+~ w including the undiv~ded interest in the comnon elements of said ~
~
~~Y~~~~ , Condominie~m, and, also, all other property, real or personal, situated ~
~ o in St. Lucie County, Florida, now owned, as well as that which may be
= hereafter acquired by the Mortgaqor.
t~.t~c~ ~lUtlilti
TNIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
Jensmf Bcach , Florida Ja~nuasy 9 ,19 76 ~
~ S 1,~.395.60
~
- For value received, I, Ke. or either of us prorise to pay to the order of ~
t
VENTURE OUT IN AMER~ICA, INC, - ~
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tne sum of Fitteen thousand three hundred nina~ty tive 60/100 '
Dollars ;
(hereinafter referred to as "Total of Payr.~ents"~ at the offices of Yenture C~ut in America, Inc., in Ptlanta, '
reorgia, in ~e consecutive Ronthly installments of 515~395.60 eacn
~I b2ginning J~ y~_ ~ 19~~ and on the same day of each month thereafter, except that the ~
final payment may e mor- e or less.~eing the amount necessary to complete payment of the Total of Payments.
I Furtherniore. for every installment which remains unpaid for ten Aays after its due date, the undersigned agree
i to pay a delinquency charge of 54.00.
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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 installment for a period of thirty days the hotder•~bf Lhi,s no~e oiax, at its option. declare all the re- ~
` rnainder of said deDt due and collectible and any faiture to exercise'safid option shall not constitute a Naiver _
~ 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 attorrrey for cotlection, I. we, or either of us. agree to pay all costs of
i collection, including a reasonable attorney's fee and interest upon the unpaid balance from the event of default
F at the maximum rate permissible by lar+. In case payment shal) not be made at maturity. the makers, sureties,
~ and endorsers, jointly and severally agree to any extensions or renewals without,_fur~her. noLice..binding our-
selves for payment hereof, as if no extensions of time or forbearance or ~ymeAt"had been aiade or-granted. ~
' I, or we, and each of us Nhether principal, surety. g~arantor, endorser~ or other party hereto, agree ~
i to be jointly and severally bound. I, or we, each further waive demand, protest and non-payme~t. ~
~
i Given unAer the hand and seal of each party.
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~ rio. 914 pUe 1 Year X (Seal )
~ 7000 Lake Shozt Aoad .
~ Derby, N1e~e Yo~dt 1404T (Seat ) -
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~ The total amot~nt of in~iebtedness secured by this Mortgage shall not exceed ~15~395.bo ,i
x . ~
. I/R 4/75 ~
Form Revi sed: Apri 1, 1975 z48 PACE
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