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~0 ~1CK ~ PGR~ ~ COa f~' ` ' 1_~11I._~~Sakll~ ~14~lS~~~
Q~ $J~• d'~' '9QN~E~ T'•tzU GENE~1?l~ iNSt1t~1~iCE i~Nlfi4~~ .
Arth ~r .E1__ .~pd Al i ~g.,Q,~,a
n~~ann_., -
herein "Mortgagor~;" whett~er singular or plura1, in consideratinn ef conveyance :
of real property ~~ereinafter described t~y VE.NTURE OUT IN AMEftICA, iNC. herein '
"Mortgagee", ard to secure payment of the balance of the purchase price by ~
NSortgagor obligated to be pa1.d, as ~videnced b promissor~y note fully ide.ntified
herein, hereby_on this_'Z day nf ~ A.D., 19 ?s , to°
~ gether with any and ~11 ~ture a~vances ~ tner n money or supplies, m~by
Mortgagee to the ~lortgagor, conveys and mortgages to the said Mortgagee its -
.suGCes~ors and assigns the real praperty in St. Luc1a County, Florida, described ~
as follows: . - ~
Commencing at the Southwest Corner of S2ction 12, Township 37S, Range 41Ej thence Hor~h ~
89°55' 1~!" E along the South line of said Section 12-774.41 feet to a Point on the
centerline~of the 100 foot right~of-way af_SR-AlA; thence N 23"'40' 31" W along the
centerline of the right-of-way 2,921.33 feet; thence S 66°10' 29" W-290.01 fee~; thence ~
y 87"33' 7i" W-393.12 feet; thenc~ S 89m 57' 13" W-133.9Q feet; th~nce S 00~02' ~3" ~
~~-20 feet; thence S 89°57' 13" ~~-97.80 feet; thence S Od°03' 38" E-221..65 fQetf thence
S QO°08' 46" E-18. ~5 feet to the Point of B~ginning; thence ~S 89° 56' 50° W-112. 38 feet; ~
. thence S 00°06' 11" E-60.00 feet; thence N 89°56' S0" E-112.42 fee~ to a Point; ttience
.~V 00° 08' 46" ~~1 a distance of 60. 00 feet to the Point of Beginning . . ~
Subject ta a road access and utility easement over the westerly 12.5 feet. Subject-to ~ ~
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restriction of record. .
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7~ A~T ~ ~ -
f= L_ O P. I D ~ . _ _ = - . i
?:Oc;iJ;.1E1~iTARY;
;-;:~.u STl~MP ,I:a t _ ~ - i
tc~ ~~ns.L~F R~1'ENUf.;y"~ ~i-~t .
r-. . ~ ~,'j;..~C-., S ' -
~ Fg. = 7~ j ~ ? 3. 7 C~ ~THIS IS A ~URCHASE NlONEY MORTGAGE : . °
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~ As security for the payment of the promissory note of which the following is a copy: ~
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5 1~,,7~2_00 Jens~~n Beach, Florida 19 ~S _ r
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- For value re~eived, I, we, or either of us promise to pay to tfie order of - ~
VENTURE 0UT I N A~~!E RICA, "I P~C.
~ the sum of Fifteen Thousand Seven Nundred Fifty Two and d0/XXX Dollars
(herein~fter refer•red to as --Total of Payments at the offices-of _~lenture Out .in Yar?ierica,
Inc., in Atlanta, Georgia, in One (1) consecuti~~e monthly installments
' of ~ 15,752,QQ ~ -each beg:~~ning ~ Mav 1 , 19 76- , and on - -
the s~rr.~ day each month thereaf~er, except that the final payment may be more or less, being ~
the amount necessary to complete paymert of Total Qf Payments. The accrued interest rate ~
for this transaction, not including any delinquency charges which•may be incurr~ed late?- is ~
ten percent (1 C"~~) per annum.~ - : ~
- It is dgreed that time is of the esser~ce af this contract and that in.che event ~ ~
of default in~payrr.ent of any installment for a~eriod of thirty days the holder of this
note may, at its option, declare all thQ remainder of said debt ~ue ~nd collectable and :
any failuT•e to exercise s3i~-option shall not cor~stitute a~:aiver ofi the right t~ exercise ~
the sa~rie at any other time. In the event of ~~efault in payment of this note and of the
same is-placed fn the hands of an attorne,y for coll~ction, I, we, or either of us, agrees
ta pay all costs ~f collections, including reasonabie attorney`s fees, appellate fees and-
interest upon unpaid balance from the event of default at the maximum ra~ce permissible by
law. In case payment shall noti be made at maturit;, the maker_s,r~sureties, ar~d endorser5,
j~intly--and se<<eral.ly agree to any extensions or r.enewa~s without fur~t~er r~otice, bir.ding
- aurscl ves for pal~ment hereof , as ~ f ~io extens i ons af tin:e or- forbearance of ~ayment had_
been .m~ade or granted.- _ ~
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~ I, or ~~:e, and each of us whether principal, surety, guarantor, endorser, or
other .party hereto,' agree to be joir~tly ar•d sEVeral ly bound. I, or k~P-, each f~~rther v~aive
demand, pro~est and non-payment. t- .
Given under the hand.and seal-of each ~arty. ~ . ~
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P:o. Due On2 Year ~Ar h~r N Ra mann _~;n_ (Seal)
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- B~GK~J~ PACE ~ : ~
~Qt A..~~ yP~itu!^p ~~~r .lancaii- ~arhf Flnrid~ Alj^ - [l Rai~~~~ ' - rS~~ (Seal
Address ~ . -
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