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1 `O~ MORTGAG~ ~~NEO r,~_ IN ?AYA;fHT OF TAl~ff
S WE Oh ClJlSS 'C' INTA"~~IAIE FE :~O:~AL PROPERIY, 1
i~,, 3 ~~~~~`~~l i PtlRSIlANi TO Cf ROGEklP03(U~llS iS Ur 1'JI1/~7~~ ~
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~ CIERK "viF;WR OCUKf, SI. M~Ct~ 00~ FU~ U _ ~
_ Don Sir~i th and FaYe Smi ~h ~
herein "t~fortgagor,'~ whether sing~lar c~r piural, in considera~ion n~ ~~,~~veyance ~
ef real property hereinafter described by VENTURC OU1' IN AMERICA, INC., herein ~
"~iortgag~e", and to secure pajm~en~ of the balance of the purchase price by '
Mortgagor obligated to be paid, as evidenced by promissory note fu11y identified ~
_ herein, her~by on this day of A:L~., 19 , to- ~
gether with any and all~uture advarces e t er n money ar suppl9es, ma~by
Mortgagee to the !?lortgagor~ conveys and mortgages ta the said Mortgagee its
successors and assigns the real property in St. ~ucie County, ~lorida~ described ~
as fol lows: . ~ :y~ 043l0- Oc~O/Q ~
Conenenciiiy at the Sout~n~est ~:orner uf Section 12, Ta~vnship 37S, Range AIE, thence Nor~h
i39°55'14" E along tl~e Soui.h line of said Section 12 - 7;A.~1 feet t:o a Point on the ~
centerline of the 100 fuut rinh~-of-wav of SR-AIA; thei~ce N 23°49'31" tJ along the ~
cenl.ei-1 i ne ofi the t•i ght-of-~~~ay 7_;921~.33 feet; thence _ S 66°10' 29" 4J-290.41 feet; th`nce _
tl tZ7°3~'17" W-393.12 feet; i:hence S II.ri°57'13" 1•~-133.~40 feet; tl~ence S QO°02'43" E-20 '
fcet; thence S B9"57' 13" NJ-~i~l . 5G feet; the~ice S~9°55' S7" Id-8~1.04 feet; thcnce S - i
(i0"09'27" E-3~37.00 feet to the Point of t3eginning. Thence N~t9°lb'2~1" E-42.00 feet; i
th~nce t~ 89°53' ~1~!" .E-~30.61 feet; thence P! 00°05' 5G" W-59.9G feet; thence S 89° ~3'.44" ~
t~1-112.58 feet; thence S 00°09'27" E-87.30_feet to the Point of Qeginning.
Si~bject to a road acces5 and ~itility ease~i~e~it over that {~ort~c,n of [31ock [i Lot 7 described._.
~~s fol l oti•1s The Poi nt of Qegi nni ng bei ng the sauie for [31 ock [3 Lot 7; t.hence N~19° 1 G' 24" '
f.-42.00 feet; thence -alonc~~ a curve ta i:he .left, R=42.00= n= 32°06'5£" an arc dista~~ce
c~f ?3.54 feet; ther.ce N U~°09'27" E-47.20_feet ti~ence S 89°53'44" W-12.50 fAet; thence
~ 00"09'27° E-87.30 feet to ttie.Point o.f [~eginniny. _ _
~ TNIS IS A PURCtiASE MONEY MORi GAGE ~ .
As security for the-payment of the pramissory note of.~rhich the_follow.ing is a copy:
f ISJ-~89h,OQ - ~ .Jens.+_n l3each Fl ori ~~a A~ ? ~ ; 19
E For value received, I, ti•re, or either of us proinise to pay to the~ Qrder of -
_ VENTURE 0UT I P1~A~'ER I C~, I P~C. ~ _ ~ ~
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ct~~•-su~n of- - Si -Tho nd Ei ht Nundred Ninet Six-and 00/XXX----=_- Dallars
~ (h~~?'E:in~tfter r~fer?~ed to as Total of Payments at the offices of Ver~ture Ou~ in .America, ~
F I~~~ in Atlanta, .Georgia, in _qne consecutive n~onthly installments ~
- 1§s896.OQ ~ - each beginning - May 1 , 19 76 , and on ~
~h~~ sa~;::~ day each month thei•eafter, except that tr~e final payme~t may be more or less, ~eing s
_ t?~~ a~u~unt necessary to complete pzyment of Total of Payments. The accrued_interest rate -
. tur this transaction, not includir~g any delinquenr_y char4es wiiich may be incurred later is ~
t~~n ~~ercent (10~) per annuin. , :
It is agreed that tin~e is of the essence of this contract and that in the event _ '
~,t~ cief~:ult in Rayment of any installn~~nt for a period of thirty days the holder of ~his ~
~?ut~ n~ay, at its optien, ~e~lare all the reinainder of said debt ~ue and collectable and ;
;~ny f,~ilure to exercise said option shall not constitute a~~raiver uf the right to exercise
thEr sa~nc ~t any other time. In the event of default in paymen~ of th7s not~ and of the ~
sa~ne is ~laced in.the hands of an attorney for eollection, I, we,-or either of us,~ agrees ~ !
= tu ~fay all costs of-cullections, including rea~onable attorney's fees, appellate fees and ~
- intcre~t uporr unpaid balance from the event-of default at the maximum rate permissible by ~
- 1~+~~,. In ca~e payment shall not be made at maturity; the makers, suret_ies, and endorsers, `
jointly and severally agree.~to any extensions or renEwals without furtfier notice, binding -
uur-sclves for payment hei°e~f; a~ if ~io extensions ef ti~ue or forbearance of payment had
' been ~nade or yranted. . ~ - _ _
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` I, or we, and each af us ~•rhether prir,cipal, surety, gGaran~or, endorser, or ~
othE~r party hereto, agree to be jointly and severa]ly bound. I, or k~e, each further waive 3
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de~:iand, protest and non-~ayment. ~ S-TAT'~ c3~= LOR 1 G~~~
- . COCUhi£f3TA~Y~~ ~ STEiI`1?.P ;f:~ `
= Gi ven un~er the hand and s~al ~f each party. t'•£FT. OF ftEV~~~~ -
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= t~o. Due O~.e Year Don Sr~ith _ : - sia ~~~5ea1)
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' B-7 Yenture Hartior Jensen Beach Florida B60~~~~ ~~C~ ~~J - i
_ _ Lot , ~ ~ - Faye Smi~_ sig.~~Seal ) .
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