HomeMy WebLinkAbout0598 ` _ ~
~ ~ ~l; , MORTGAGE R~~1~~ _ IN PAYAIEMT Of T~ `
0 ~ ir ~
~ (~lr ' ~~~~~(1 DUE Ok C~.1.iS'C' 1!~TANGIBiE ~ E•S,i,IL F'f;OrERIY~
, P~iltSlUlliT TO CtWPT~R 11•I33, ACTS OF 1911. ~
rt~oc~x t~orrw~s f11~
R CiRqJR COQJlKT t _
herein "M~rtgagor," whether singuiar or plural, in consideration of conve~rance ~
of tipal praperty hereinafter d~scribeci by VCNTURE OUT IN AM~RICA, INC., herein
"Mortgagee", and to secure payment of the balanc~ of the purchase price by ;
Mortgag6r obligated to be paid, as evidenced by:pranissory note fu11y identified F
herein, hereby on this _ 18 day af_~~ - - A.D.. 19_75 , to- ~
gether with ar~y and a~ll futur~ advances ei er n money or supplie$, niade ~y. {
Mart~agee to ~he Mortgagor~ conveys and mortga~es ta the said Mortgagee its i
successors and assigns the real property in St. Luci~ County,-Florida, described- ;
as fol 1 o~vs : ~ - ~
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Coiiuiacncing at ttie Southti•~est Coti~ner of Section 12, Township 37S, Range 41E; thence ~
~ I~ 89°~5'1~" ~ along the South line of said Section 12-774.~1 feet to a Point on the ;
cf~izterline of the 100 fooi riyht-of-way of Sr-AIA; thence N 23°49'31" W along the s
cei~terline of the right-o_f-way 2,921.33 feet; thence ~ 66°10'29" ~J-290.01 feet;-thence '
t~ ~7°33' i 7" W-393.12 feet; tt~ence S 89°57'.13" W-133.~10 feet; thence S 00°02' Q3"- E-20 - ~
~ feet; thence S B9°57'13° td-423.06_feet; thence S 00°19'O1" E-100.24 feet; thence S ~
~ QO°05'SG"_E-139.40.f~et to the Point of Qeginnin9; thence S 00°05'56" E-59.96 feet; . ~
- thence S_ a9°53'44" ~~I-112.5F3 feet; thence~ PI-00°09'27" 4l-59.96 feet; thence N 89°53'44"
_ C-112.64 feet to the Point of Qeginniny. 3/1- OU3~ • d00,0
~ . Subject to a road .acce:.s ana uti 1 i ty easPU~ent~ over the westes•ly 1 x.5 feet. Subject
to restriction of record. ~ _ -
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_ 7HIS IS A PURCHRSE MONEY MORTGAGE .
- -As security for-the payment of the promissory not~ of which the follow~ing is a copy: ~
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~ - - Jen~•~.n Qeach, Florida A,.,pril 18 ~ 19 75
--31 284J1Q i
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For value r~eceived, I, we, or either of us pra~nise to pay to the order of ~
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V E N T U R E O U T I P~ ti P=. E R I C A, I P~ C._ . _ =
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ehe su~n of ~ Thi r x One Tho_usan~ Two Nundred & Eiqhtv Four & 00l1 ~0---------------=-9011 ars
(hereinafte?• referred to as Tota1 of Payments~t the offices of Venture Out in America, ~
i nc i n Atl anta s Gea~gi a, i n ~ 2p - cansecuti ve rr~onthly i nst~ai lr~ents ~
_ ~~f -5_~,~60 70 - - each _beginning Mav 18, _ f_19 75 , and on ~
- th~, sai~;~ day each m~nth thereafter, except that tF~e final payment may be more or l.ess, being
- the amount necessary to completQ payment of Tot~l of Payments. The accrued interest rate
fur this transaction, not including any delinquency charges wiiich may be incurred later is
ten peircent (lOti) per annum. - - - ' #
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- It is agreed ~~hat time is of the essence of this contract ar.d that in the event - _
uf default in Fayme~t of any installment for a ~eriod of thirty d~ys the holdEr this -
` ~~ot~ ~:~ay, at its optiun, declare ali the remainder of said debt ~ue and collectable and
~nv failure to ex2rcise said option shall not constitute a araiver of the right to exercise _
the sa~ne at any other time. In the event of defiault in payment of tl~is note ~nd of the :
_ sa~2tie i s pl aced i n~ the hands of ar~ attorne,y for col l ecti on, I, we, ar ei ther of us , agr.ees ~
tu pay all cost~ of collections, including reasonable ~ttorney's fees; appellate fees and E
ir~terest upon unpaid balance from the event of ~efault at thE maximum rate pem~issible by~ ~
• lav~. In case payment shall not be made at maturity, the makers, suretie~,:and endorsei~s, ~
_ jointly and severally agr~e to ~ny exten~ions or rene~~+a~s without furthe~ r~otice, bindin~
uurselves for payment hereof, as if no extensions ~Y tinie or forbearance of payment had
t;cen made or gran~ed. -
I, cr we, and each of us whether principal, surety, guarantor, endorse~°, or _
other party nereto, agree to be jointly and severally bound. I, or we, each furtl~er waive
demand, protest and no~i-payment. ~ - ,u ~~~:~,TE- ~LORlD~,
. ~OCt?FeyEN?~l~Y~ ~ ~jnrn?~ rn x ;
Given urider~ the hand ar.d s~al of eacF~ party. - u~F't.Of R~V£f:UF j~~'-.~ ~ ~
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_ . - ~ - M -=Y~.=~~~_~•~;~~~~:~4:8.9~' ;
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t;o. - n,a~Q- Ten Yea_..~rs Ronald E. Ellis siq^. ~Seal ) F
~ ~ R ~~J~7 PAGF ' ~7~ - _ ~
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ot B-6 Henture Harbour Jensen~$eaGh, Fla-- _ Eileen Ellis sict. (Seal . ~
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