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• ' UC~CUMENTAR~'~:' -,,~,STAMr `t. ~ ~
' c;=~i t,i ;iErENUE
r:~ ~ RH~n~EO i~" ~N w?rMiNT ai t~xEs
~•n ~ Ol~ ON CIASS 'C iKT~IGlBIE of R90tsAl PROPERn,
: N =39.15~ H
~ ~ P`° ~ , ~ MORTGAGE ~K~T TO GIAt'[R )I~13:, AG1S OF 19/1.
~ = ~ i - , -
ROI+ER POIIRII.C ~ •
~ q,ERK CIRCtIIi t'Al1Ri. St. WC 00.
J. K. Snowden and LaDene Snowden, his wife
herein "lbrtgagor." whether singular or plural. 1n consideration of conveya~ce
of rwl pro~erty hereinafter described by wiliiam Porter _ herein
"lbrt9agee, and to secure payiaent of the balance of Lhe purchase price Dy
Mbrtgago~ obllgated to De paid, as evid cedhby pro~nissory note fully ldentlfled
herein, hereby on this 5 day of ~arc A.O., 19~~ ,
together with arq? and aTT~~re advances, e er n money or supplies, made by
lbrtgagee to the Mortgagor, conveys and mortgages to the sald Mortgagee its
successors and assigns the real property in St. Lucie County, Florida, described
as folla+s:
Condaninium Parcel: Lot ~ 902of VENTURE OUT AT INDIAN RIVER, INC.,
a Condominium, according to t e claration of Condominium thereof,
recorded in Official Records Book 201, Page 1402, ~et
~se of the
Public Records of St. Lucie County-, Florida, and Amendments thereto
recorded in O.R. Book 225, Page 809, et se and O,R. Book 226,
page 393, ~e~t
se~., of said records. ~vided for by the Condominium
Act of the Statutes of the State of Florida (Chapter 711, Florida
Statutes 1965, et se said description in this conveyance includes,
but is not limit~, all appurtenances to the Condomi~ium.Parcel
described, including the limited cortmon elements asslgned thereto and
including the undivided interest in the conmon elements of said
Condaninium, and, also, all other property, real or personal, situated
in St. lucie County, Florida, now owned, as well as that which may be
hereafter acquired by the Mortgaqor.
TkIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
Jensen Beach , Florida March 5 ,19?7
526.040.00
FOr value rec~ived. l. we, or either of us promise t0 pay to the order of
i _
William J. Porter Jr.
$ Robert E. Ott, 1371 Hyde St., Pittsburgh, Pa.15205
c~ ww of twentv six thou~and, forty dollars and nof100 ---~---------~11ars
~ ~ hereinafter referred to as "TOtal of Payments" ) at the off ices of William Porter
in 120 consecutive Ronthly instalt~rerts of S 217 eacr
beginning Apri 1 5 . 14j 7~ and on the same day of each month thereafter~ except that the
fiisat pay.~en~ ~ay ~eore or ess. e~n9 the amount necessary to canptete payment of the Total of Paye:ents.
Furtf~er+iwre. for every install~ent .rh~ch renains unpaid for ten days.after its Gue date~ the undersigned agree
to pay a delinquency charge of 54.0(~.
It is agreod ttwt ti~re is of the essence of this contract and that in the event of default in Fay+nent
of aay insUllmtnt for a period of thirty days the holder of this note may. at its option. declare all the re-
rwirMer of said de1St due and collectible and any failure to exercise 5aid option shall not constitute a waiver
of the right to exercise the sa~ne at any other time. In the event of default in pay~nent of this note and if the
sa~e is placed in the hands of an attorney for collection, I. rre. or either of us. agree to pay all costs of
coilection. including a reasonable attorney's fee and interest upon the unpaid balante fraa~ the event of default
at the ~axinu~ rate pers~issible Dy law. In case payment shall not De Tade at maturity, the makers. sureties,
and endorsers. jointly and severally agree to any extensions or renewals aithout further notice, binding our-
selves for paydent htreof. as if no extensions of time or forbearance of payiaent had Deen made or granted.
I. or ue. and eath of us r+hether printipal~ surety, guarantor, endorser. or other party hereto. agree
to ~e jointly and severally Dound. I. or rre. each further raive denand. protest and non-payment.
6iven unAer the hand anA seal of each party.
no. 902 ~e ?
~Te~s (Seal )
. ~
PO Box 439, Escanaba, Mich. 49829 -~seat)
ress ~
The total amount of indebtedness secured by this Mortgage shall not exceed 5~~~_•.
form Revised: ppril, 1975 ~ I/R 4/T5
~ `e[~.~t ~ P~[,E