HomeMy WebLinkAbout0811 f.+Y
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MORTCAGE
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3~83,.~9 eu~ oM «~r ~c ~
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_ ~k Robert L. Grovez, Sadie A. c;raver w`'!" ~µa
hereln "Mortgagor," whether singular or plur~~:t. in consideration of conveyance
of real pr-operty hereinafter described by Y£N1~°F OUT IN AMERICA, INC., herein
"Mortgagee", and to_secure pa~yment of the balance o~ the purchase price by
Mortgagor obligated to be paid, as evidenced by promissory note fully identified
herein,-hereby on this 12tti day of February - A.Q., 19 76 , to-
gether wi th any and al 1-~u
u~re advances e er ~ money or suppl i es , mma~i
e~by
Mortgagee to the Mortgagor, conveys and mortgages to the sdid Mortgagee its
~successors and assigns the real property in St.-Lucie County, Florida, descwibpd__
as follows: . ~ _
r. _ _
u~ _ Comnencing at the Southwest Corner of Section 12, Township 37S, Range 41E, thence
~n North 89°~5'14" E along the South line of said Section 12-774.41 feet to a Point
m on the centerline of the 100 foot right-of-wa~y o€ SR-AiA; thence N 23°49'31" N
co • along the centeriine~af the right-of-way 2,921.3~ feet; thence S 66°10'29" W-290.01
~rr ~ feet; thence N 87°33'17" W-393.12 feet; thence S 89° 57-'13" W-133.40 feet; thence
J'~^~-;•~ ~ S OQ° 02'43" E-20 feet; thence S 89° 57'13° W-451.56 feet; thence S 89°55'S7"
W-170.22 feet; thence S 60° 29'31" W-29.59 feet; thence S 00°05'05" E-225~26 feet
t~ ~
to the Point of Beginning; thence N 89°53'44" E-112.30 feet; thence S 00°09'27"
_
i` -`~~~~~u~' ~_E-59.96 feet; thence S 89° 53'44" W-112.38 feet; thence N 00°0~'05" Mt-59.96 feet
; Q, L^ to the Poi nt of Begi nni ng . -
.~~~~W N - . .
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~~--~~~r ~ Subject to a road access and utility easement over the easterly 12.5 feet. Sub~ect
~:Q~;, N to restriction of record. +~ura~es . _
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TNIS IS A PURCNASE MONEY MORTCNGE - -
As security for the payment of the promissory note of which the following is a copy:
~=.5,6G3.11 Jens~.n Beach, Florida :
ebruary 12 , ~g ~7~
For value received, I, we, or either of us promise to pay to the orde~ of -
VENTURE OUT I N_AP!ER I CA, I NC.
the sum Of ~Q rt five thousand six hundred sixty three 11/100 --------------pollars
' ''iereinafter referred to as Tota of Payn~ents at the offices of Venture ut in America,
~ i~;c., in Atlanta, Georgia, in 119/i consecutive R~onthly installments
~f 5 380.52/381.23 eacii beginning ~fr,rch 12 , 1976 , and on
t~~e sam~ day each month thereafter, except that the final payment may be more or less, ~eing
, t~e amount necessary ta complete payment of Total of Payments. The accrued interest rate
~ ;or this transaction, not including any delinquency charges which may be ~ncurred later is
ten percent (1C~! per annum. - _
It is agreed that time is af the essence of this contract and that in the event
o~ default in paj~rr:ent of any installment for a period of thirty days the holder of this
rcte may, at its option, declare all tne remainder of said debt due and collectable and
<:ny failure to exercise said option shall not constitu.te 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 o# the
sd~::e is placed in the hands of an attorney for coll~ctzon, I, we, or either of us, agrees
*o pay all costs of collections, including reasonable attorney's fees, appellate fees and
'~terest upon unpaid balance from the event of default at the maximum rate perR~issible by
'a~~t. In case payment shall not be made at maturity, the makers, sureties, and endorsers,
~ '~ii~tly and Severally agree to any extensions or rene»a?s without further notice, bir.ding
~ :;urselves for payment hereof, as if no extensions of tiaie or forbearance of paymeot had
~ ~een m.ade or granted.
~
~ I, or v:e, and each uf us whether principal, surety, guarantor, endorser, or
ct~er party hereto, agree to be jointly and severally bound. I, or K~e, each further waive
~e~^and, protest and non-paysnent. -
~ Given under the hand and seal of each party. _
~ -
,
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':o . Bi4 ~1. H. Due 1o Years o ' Seal )
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'~'grzen, ~:~sine 0486~1~ PACE 8 , ? . C{, i ~ (Sedl )
~ ddress
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