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RECEIVED .~3 IN PAYMENT Of ik{~1
DUE QN CLASS 'C' INTANGIRIE 1ERSONAL pRppEfli~~ `j
WRSiIANT 10 CHAPTER 71•134, ACiS Of 1911, m~~
POt~"~ MORTGAGE ~ ~ ; '
CLERK CIRCtlIT COURT, S1. L1iCIE ~0„ f1J~ ,
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~ Nell R. Tobip ~ _ _ ~ ,
herein "Mortgagor," whether singular or plural, in consideratiorr of conveyance ~i
~ of real property hereinafter described by VENTURE OUT IN ANIERICA AT INQIAN ~
RIVER, INC. (f~rmerly known ~s HOLIJAY OIfT IN AMER~CA AT ST: LU~IE, INC.;, herein ~
"Martgagee," and to secure payment of the balance of th~ purchas~ ~+rice by Mort- ~
gagor obligated to be paid, as evidenced by promissory note fully i~entified f
~ here;n, hereby on this _s___ da~r of A ril - A.D., 19~,_
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together with any and all future advances, e t_er n money ~r supplies, made.by ;
Mortgagee to the Mortgagor,'conveys and mortgages to the said Mortg~gee its~ - . ;
_ successars and assigrs the real propert~? in St. Lucie County, Flarida, described ~
~s follows: . -
y5i/ ~v-a~-o ~ -ooa~~ ~
Condo;rinium Parcel: Lot # 9os of VENTURE OUT AT INDIAN RIVER, INC.,
a Condominium, according to the ~ecla~^ation of Condominium thereof,.
recorded in Official Records Book 241, Page 1402, et seq., of the `
Public Records of St. Lucie County, Florida, and Amendments thereto
recorded in O:R: ~ook 225,.Page 809, et s~ce ard~O.R. Book 226, . y
page 393, et sea., of said records. ~ provided for by the.Condominium ~
Act of the Statutes of the State of Florida (Chapter 711, Florida
. ~Statutes~i965, .e.~.t_ seq said:description in this conve.yance includes, - :
but is not 13mite o, all appurtenances to the Condominium Parcel -
- described, including th~ limited comnon elements-assigned thereto and - ;
including the undi~~ded intar~st in y~~ riV~Vn ~l~;r,~nts ~f s~id ~ :
CQnci~m~ni~.~m, ~nri,: ,~1s~4 a11 c~thQr nrnperty: real t~~^ n~r~~na1 , cit~,~tQr~ ~
in St. Lucie County, Fl~rida, no~i awned, as well as that which may be ~
~ hereafter acquired by the Mortgagor. ~ - ~
r• THIS IS A PURCiiASE MONEY MOR7GAGE
_ As security for the payment of the promissc~ry note of which the following is a copy: .
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- S 1~~`~go Jenser. Beach, f lcrida Anril 15 . 1g~
~ For value rece~ved, I, we, or eithEr af us pror~sf te pay te the order cf
5= - VENTURE OUT IN AMERICA AT INDIAN RIVER, IHC,
thE sur: of f~urteP~ thousaati two ~i
p~oci jwolva_ R_ gc2/~= Dollars - ~
~ {hereinafter referred te a~ "Total of Payr.~er.ts") at the offic.e~ of Venture Q~t in Fr~~erica a: ?ndiar. River, Irc. ~
~formerly known as "Holidav in A?r,erica at St. LuciF, Inc.") in Atlanta, Georgia, i~ll~/1 - ~
tonsecutive ~rorthly ir.st-' :~°^nts of S g~_ each beginning - 19~
and on the sare day ef each -:nLh _therea ter, except tF?at the finat payment rt~ay e more cr ess, ~,ng the
amount necessary to complete paynent of th~ Total of Paymenxs. Furthemore,_for every installren; which remair.s
unpaid fcr ten da;~s after its due date, the u~dersi4ned agree to pay a delinquency charqe of b4.0a. ~
It is agree~ that tirr:e is of the essence of this ccntract 3nd that in tkF~ evenY af default in payrent
of any installment for ~ period of thirt~ ~~ays the holdEr of this ncte may, a+t its oGticr:, declare all the re-
r^ainc+er of said debt due and collectib:e and any failure to~exercise said oFtion shail rct.constitute a waiver
. of the right to exercise the same at any other ti~re. In the evenf of default in pay~^ent of this note and if ii:e
_ same is placEd in #he hands of an attarney for collection, I. we, or either of us, agree tc pay all costs of
collection, incyuding a reasonable attorney's fee and interest upen the unpaid batance fror~ the eyent of default
at the maximun rate permis~ible by law._In case paymerst shall not be made at maturity,~the ~akers. sureties,
- ar:d Endorsers, jointly and severally ~gr.ee to any extensicinc or_renewals w:thout further nc+tice, binding ourselves
_ fer payment hereof, as if no extensions of time or forberrar~ce of ~ayment had been macfe cr n.ranted. -
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_ or we, and each of us whether princip~l, surety, g~aranter, erxforser, or o~~+er party f~ereto, agree to~
be jointly ar.d sever~lly bound. I, er we, ~ach furti:9r kaive ~emand, protest and ncn-aaymer.t.
Civen under the hand and seal of each party. - ~ - {
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~ ~o. 905 Que lOyeats - L~ _ ~ . _ (Seal)
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~ V~ture au~ 3easen~Beaah F~a. 33457 - (Sealj
- aress ~
~ 7E~e total amount of indebtedness secured-by this Mortgage shall not~exceed $
Form Revi sed `May 1974 800K ~c)c7 ~AGE 44~ I R 5/74 ~
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