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~ RfCElYEO = ~ ~ ~ ~ _ IN PA~IENT OF TJl1cET
p~lE U7i CIASS 'C' INTANGIBIE PfRSONAI PRpPERIr.
WJR::+?ANI 10 CHAPTER )I-13~. ACTS Of 1811.
RJGfR POIiRAS
Philip Fort and Pauline Fort _ •
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
Mortqagor obligated to be paid, as evidenced by promissory note fully identified
herein, hereby on this~
day of A.D., 1976 ,
.together with any and aTt~uture advances, e t er n money or supplies,_made by
Mortgagee to the Mortgagor, conveys and mortgages to the said Mortgagee its
saccessors and assigns the real property in St. Lucie County, Florida, described
as follows:
Condo~inium Parcel: Lot 907 of VENTURE OUT AT INDIAN RIVER, INC.,
a Condominium, according to the~eclaration of Condominium thereof,
recorded in Official Records Book 201, Page 1402, et se of the
Public Records of St. Lucie County, Florida, and Amendments th~ereto
recorded in O.R. Book 225, Page 809, ~et
seg and O.R. Book 226,
page 393, e_t seq., of said records. -
ovided for by the Condominium
Act of the Statutes of the State of Florida (Chapter 711, Florida
Statutes 1965, ~et
s~e said description in this conveyance includ~s,
but ~s not limite o, all appurtenances to the Condominium Parcel-
descrtbed, including the limited common elements assigned thereto and
includinq the undivided interest in the comnon elements of said
Condominium, and, also, all other property, real or personal, situated
in St. Lucie County, Florida, now awned, as well as that which may be
hereafter acquired by the Mortgaqor.
THIS IS A PURCHASE MONEY~MORTGAGE .
As security for the payment of the promissory note of which the following is a copy:
Jensen Beach , Florida Nov. 18 ,1976
S 12,510.34 ~
For value received, 1, we. or e~ther of us pror•ise to pay to the order_of
VENTURE OUT IN AMERICA, INC,
tnesumof Twelve Thousand Five Hundred Ten and 34/100----------------- ~t~a«
(hereinafter referred to as °TCtal of Payr.:ents'} at tTe of`ices of Venture Out in Mterica, I~c., in Ptlanta.
Georgia, in 11911 consecutTVe ~ronthly instatlmerts of 5104.25jS104.59 eac~
beginning December 18, , 1976, and on the same Qay of each month thereafter~ except that the
final payment may e more or ess. e~ng tRe arnount necessary tu complete payment of the Total o' Payrr:ents.
Furthermore. for every installment whfch remains unpaid for ten aays after its due date, the undersigned agree
tc pay a delin4uency charqe of 54,0.^,.
It is agreed that time is of the essente of tM s contract and that i~ the event of defautt in Fay+nent
of any installrr.ent for a period of thlrty days the hoider of this note may, at its option, declare all the re-
mainder of said debt due anC collectiDle and any failure to exercise said option shall not constitute a waiver
of the right~to exercise the saime at any other time. in the event of defauit in pay~nent of this note an~ if the
same is placed'in fhe hanAs of an atLorney for collection; I. we. or either of us, agree to pay all costs of
collection. including a reasonable attorney's fee and interest upon the unpaid balance from Lhe event of default
at the maxim~n rdte pertnissible by law. In case payment sha11 not be made at maturity. the makers, sureties,
and endorsers. jointly and severally agree to any extensions or renewals ?+ithout furthe~ notice, binding our-
selves for payment hereof~ as if no extensions af time or forbeartnce of payment had been made or granted.
I. or we, and each of us whether principai, surety, guarantor, endorser, or other party hereto. agree
to be jointly and severally Dound. I. or we, each further ?vaive denand, protest and non-payment.
Given under the hznd and seal of each party.
~ . ;
No. 907 oue Ten Years ---t~' " (Seal )
Phi ~p For
216 Mi 11 St . Lodi Wi _ ? ~,r ~ + ~ ` ~ (Seal )
ress 'Pauline Fort ~
The total amount of.indeGtedness secured by this Mortgage shall not exceed ~1~,5 10.34
Form Revised: April, 1975 ~~RK~~~ P~CE ~ I!R 4/75