HomeMy WebLinkAbout0580 IN PAYR1f Nl OF 11~XES ~
Y - . MORTGAGE RFr,EtvEO s--~~,?IGIOLE PE[t~:~'~ r`~o7'Ek?~, -
~c~ ir+
l, +C~~~;'~; UUPURSIIN~TUO C4~'~ER POITfUS 1S QF lyll. ~ c
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~ S~. W~'~!E C0, FlA U ~
CtEAK CIRCU~ ~
P~dre F. Gerard
hereir~ "Mo?•tgagor," whether singular or plural, in consideration af conveyance
of real property~hereinafter described by VENTURE OUT IN AMcRICA,~INC., her~in _
--"Mortgayee" , ard to s~cure payment of the bal ance of the purchase pr1 ce by ~
~ fMortgagor obligated to be paid, as evldenced by promissory note fullv identified
~herein; hereby on this 2~ day of A ri1 . A.D., 19___~~~~.. , to-
+~eth~r with any and all~uture advances e er n money or sup~lies, made by
~ Mertgagee to the ~1~rtgagor, conveys and mortgages to th~e said Mortgagee its
successors and assigns the real property in St. Lucie Count'y, Fl~rida, described
~
~~;~as follows: . . /J- ~I/-- !>1~37- OOl~,~O
`~~..~;t-;;`°~~ouNnencing at the Souti~w~st~ Corner of Section 12, T~wnship 37S, Range 41E; thence North
~L 'r £39°55'1Q" E along the South -1 ine of said Section 12~77~.~l1 feet to a Point on tt~e cente?~-
~ ;r! ~
st~ ~ line of tiie 100 foot r~~~l~t-of-aray of SR-AIA; tiienc~ ~I 23°~19'31" W along the cent~rline of
W~~'r the ri_ght-of-way 2,921 .33 feet; tti~nce S.66°10' 29" 4+'-290.01 feet; thence N 87°33' 17"
`~;~c~ o i u „ o ~ n
4J~393.12 feet; thence S~9.=57 13 W-133. n0 tee~; the~~ce S 00 02 43 E-20 feet; thence S
Q~;'~ <<~~ ~~39°57'13° ld-~51.56 feet;" thence S ~39°55'Si" td••34.0~1 feet;. thencE S00°U9`27"E-387.06 feet
!~--t~+~ 0.=~ ~to ~he Poirt of Reginning; thence N_49°1G'?_4" E-~12.00 ~eet; th_ence P~ 89°53'4~" E~80.61
i(no;l~~,;;~tt~ feet; thence S 00°05'SG" E-27.36 feet; the~iee along curve to the right, R=112.~~,
27°3~'35" an arc distance of 54.Q4 feet; thence N 62°28'~15=' W-112.49 to the Point of -
; .~._3 t E (1~eyi nni ny. _ - . .
u~:'r~E Subject to a road access an~1 utility easein~nt over that ~i~ortion of alock B lot 8 des~ribed
is fol l oti•is : The Poi nt af (3e~i nni na bei n~~ ;the sa~ue for _!31 ock E3 Lot ~3; thence N 49°16' 24"
' c-Q2.00 feet; thence along a cu?-ve to the ri_yl~t, R=~12.00 feet, ~1=68°14'S1" an arc distance
of 50.03 feet; thence t~ 62°2~'45" W-42.00 feet to t~~ Point of Qeginning.
= . _ THIS IS A PURCHASE MONEY MQRTGAGE -
~ As security for the payment of the promissory note_-of which the following is a copy:
'-^--16,10~.00 - Jens~~n Qeach, Florida Apri~ 24-- , 1975
For value received, I, we, or either of us pro~nise to pay to the order ofi - -
; _
~ -
. V E N T U R E U T I P~ A h' E R I~C l~, I ~J C.
tiic suni of Six~een thousand one hur~dred and four dollars and n 1QQ__ Dollars _
(hereinafte~• referr~d to as Total of Payments at the offices of Venture Out in America,
- I~~c. in Atlanta, Georgia, in ~~n~ con~ecutive n~onthly in~tallments
' of $ 16,104.00 each begi~~ning ~ A~ril 24 , 19 76 an~ on
_ _
- the sa~~:~ day each monih thereafter, except that the final pavment may be more or less, being
~ the an~ount necessary to complete ~ayment of 7otal of Payrnerzts: The accrued interest rate
for tt~is t~ansaction, not including any delinquency charges wtiich may be in~urred later_is
- ten percent (i0~,) per annum. . _ .
r.
~ _ .
~ _ It is agreed that time is of the essence of this contract and that_in the Qvent
of default in paymen~ of any installrrent for a neriod of thirty days t~~ ho1~er of this
- note ~+~ay, at its option, c!eclare all the remainder of said debt due anri collectable and
an;~ failure to exercise said option shall not const~tute a~•raiver of the right to exercise _
- the sa~ne at a~y other tim~. In the event of default in payr~ent ~f this no~e and of the -
i sa,~e is placed in the hands of an attorney for collection,.I, we, or either of us, agr~es
~ ta pay all-costs of cullections, including reasonable attor~ey's fees, a~pellate fees and -
interest upon unpaid balance from the event of default at the maximum rate perrriissitrle by
~ lar~: In case paymEnt shall not be made at maturity, the makers, sureties,~and endorse~,s,
- jointly and se~erally agree to any extensicns or rer~eti~rals without further notice, biriding _
ourselves for payment herecf, as if ~jo extensions of tim~ or forbear•ance of payaient had
' been made or granted.. . ~
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f_ I, or ~~e, and each of ~is wh~ther ~irincipal, surety, guarantor, end~rser, or -
- other party hereio, ag~ee ~o be jointiy and severally bound. I, or v:e, each further waive :
~
demand, protest and non-payment. _ - ~
{ Given under tt~~ hand and seal of each party. - ~ _
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