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C'~~l[1 Vi~I3~~nket• Pf'-a,gv~T~,, 9»n1.~pr _
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her~in "Mortgagor," whether singular or ~lural, in c~nsideration of conveyance :
- uf real property hereina~ter d~scribed by VElVTUR~ OUT IN AMERICA AT INDIAN - ~
~ RIV~R, INC. (farmerly known as HOLIDAY GUT IN AME~tICA AT ST. LUCIE, INC.), h~rein #
"Mortga~ee," and to s~cure payment of the balance of the~purchase price_by Mort- ~
gagor obligated to be paid, as ~~idsnced by pro!nissory note full~• identified =
her~in, hereby cn th~s~
~ ~day of . A.O., 19~., , ~
together with any and al~ future advances, e t er ~n
money or supplies, ma~e by
Mortgagee to the Martgagor, conveys and mortg~ges to the sa~d Mortgagee its ~
successors an~ assigns the real property in St. Lucie County, Florida, described ~
as ~allows: - _ . y3'/l -,S"/d - O 93! °bod/o . ~
~
. _ Condominium Parcel: Lot #9~0 of VENTURE OUT AT INRIAt~ kIVER, INC., '
a Condominium, accord;n.g to ~he Declaration of Condominium thereof, ~
- recQrded in Official Records Book 201, Page 1402, et Seq., of the }
. Public Records of St. Lucie County, Florida, and Amendments thereto ~
~ecorded in O.R. Book 225, Pag~ 809, et s-e~~~- and O.R. Book 226, ,
page 393, et seq., of said records. _As provided 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, . ~
_ b~:t-is not limite~, all appurtenances to the Condominium Parcel s
~ described, including the limited common elements assigned~thereto_and ~
including the undi:~~d~d intere~t in the corr;r~r, ~le,^~~nts o~` said
GO~tc~~m~ni~~m~ d~l~ ~ SA, d~ ~ Ot~]Ql^ ~r~nerLu, !•Qa~ e~ ~nrS^'1~~ . ~7 ~U'~~nL ~
in St..Lucie County, Florida, now owned, as well as that which may be ~
~ ~ -t
hereafter.acguired,by the Mortgagor. . - ~
- - THIS IS A PURCNASE MONEY MORTGAGE . ~ ~
As securi-ty for the pa~ment of the promissury note Qf wfiich the following is a co~y: - ~
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~
,
S~~j~q .iensen Bcact, f lcrida ~,T ~~Z , 19~j ~
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For value received, I, we, or~eithEr of us nra~~~E to pav to the order cf - ~
_ _ . _ . _ ~
VENTIlRE OUT I_N AMERICA AT INDIAN RIV~R, ~INC. ~
~
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- thE su~ cf~lve ~~~usand sE~en hun~r.,;c~ nin ~ Dollarc ~
t~r.~~1QQ=~
(hereinafter referred to as "To4ai of Payr~er.ts") at the effii.c~c of Venture ~ut in Fr~erica at Indian River, Irc. ~
jfornerly known as "Holiday Out in Arr~erica at St. Lucie, Inc.") in Atlanta, Georgia, ir _ _ ~ _ ~
- c~nsecut~ve rronthly ir.stailr~ents of S 1 Q6a ~ ~6.f~$ eac~ beginring I~~ ~ , 19~
and on the same day ef each month therea ter, except t at tFe fi~al paymEnt ~ray e rrore er ess, e ng the ~
amount netessary to complete pa;~ment of the Total oT Payr,:ent~. Furthemore, for every i~stallmertt Nhich remains--
~ _ unpaid fcr ten days after its due date, the undersigned agree t~ pay a delinqucncy charqe of S4.C0. ~
It is agreed that tirr.e is of the essence of this ccntract and that in tfe evEnt af default in paym~ent :
of any instailment for a period of thirty days the holdFr of this nct~ ma~, at its oGtice, cleclare all the re- ±
- r~ainc+er of said d~bt due and collectiblP and any failure to exerc~se said o~tion shall r.ct const' te a rraiver '
pf the right to exercise the same at any other tirt;e. In.the eveni, of default i~ payrent of thi a~d if 4~e ~
sarre-is placed in the hands of an attorney for collection, I~ a~e~ or either of us, agree tc pay osts of
collection, including a reasonable attorney's fee and interes~ upen the unpaid balantE~fror~ the of dEfault -
at the maximun rate permissible by latr. In case payment shall not be made at maturity, the oak sureties,
ard endorsers, ?ointly and severally agr2e to any extensions or renewals rrithovt further notice, nding eurselves
fer paynient hereof, as if no extensions of time or forbe~rance of ~ayment had b~2n r^ade cr ~r~nted.
I, or we, and ~ach of us rrhether principal, surety, guarantcr, endorser, or o!~er party hereto, a~~ee to ~
_ be jointly and severally bound. 1, er we, each further ~:aive Cerr.ar.d~ prot i and ncn-pay~er.t.
Civen ur.der the har:~ and seal of each party. - _
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- h'o. ~9 Due - 10 Yr:~ _ ~ _ ~ ~ (Seal) ~ ~
.14 Charles River Rd. - ~
- _ I~;edway, t;ass . 020~3 - - M ~ (seal) - _
r
= - ress .
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. . a
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The total amount of indebtedness secured by this Mortgage shall not exceed ~127g0~$9
Form Revi sed: May =1974 : BOOK ~J~ ~~~E 44~ IR 5/7~
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