HomeMy WebLinkAbout0601 f'
~~'l ~
~ 1
~'0 , MORTGAG~ RECEirEO s , ar ~,3:3
~ 4 DUE ON C ~N PAYME~ OF T
f~ ~,yt,l M,J9l.~ P~~ 0 CNAi'lER 7lB~PE4~iiA~ p~~~R~
~rp ~LII C ~d Qf ~y/1. l~rr'c~
Ronald E. Ellis and Eileen E11 is ~~Rx ~+~~?r U,
. • fU. i
herein "Mortgagor," whether singular or plural, in consider•atiun of conveyance ~
of real proper~y hereinafter descr~ibed by VENTURE OUT IN AMERICA, INC., herein ~
"Mortgagee", and to secure payment of the balance of the purct~ase price by ~
Mortgagor obligated to be paid, as evidenced by promissory note fiully identified
herein. hereby on this 1$ day of AP~~-~- _ A.D., 19 75_, to~ ~ ~
gether with any and all~utur~e advances e t er n money or~ supplies, ~by
Mortgagee to the Mortgagar, conv~ys and mortgages to the s~id Mortgagee its ~
~successors a~d assigns the real property in St. lucie County, Florida, described ~
as follows: - - ~ ,c~~--//_ DO/3 ~ OOO~D - ~
Cc~nunenciny at ~he 5~?it.hwest Cc~rner oE SecLion 12, 't'ownship 37S, Range 41E, thence
~ ~or L h a 9° 5 5' 1• 1" ~ E a l c~ n:
3 [h~ Sout:i~ linc~ of saiei Sect~i.oii 12-774.91 feet to a I'oint on - }
khe c~n~erliiie oF khe lt~~) ~ooL right-oP-wuy. of S1t-AlA; thence N 23'49' 31° W along ~
~ r.he centerlinc of the righL--oF-way 2,921. _33 fect; -L-hence S GG° 10' 29" W••290. ~1 fee~; ;
~ r.hc~nce N 87`~33' 17" W-3~)3. 12 fec~; ~hence S f39'57' 13" i,1-133. ~l0 feet; thence S 00' 02' 43" ~
1:-2~ fee~; tl?ence S a9" 57' 13" t•~-?_10.32 fe^L-; ~ thei?ce ~ 0(1° l~6' lI" 1;-3E36. E32 feet ~o the ~
~
[~oii~t of I3eginning; thence S?.0°05'S3" E-112.a`J feet; to L-lie Foint of Cu~vature of
~ a simple Curve havi~~y i:i~e Racliu~ oF 112.~19 feet _a~~d A=35°~lf3'02"; thence alon,. tht~
~ - Arc af said Curve to L-tie right 70.29 fE~c~t; Chenc~ N 15`~l?.'(~~" 1:-112.99 feeC to the ~ F
1'ai~it of Begin~~ing. Suhject to a road access and ut:ilii~y easement over that portion uf ~
l3lock n Lot 9 descri,Ueci a:; follc~~,~s: ~ Point of L;eyiiining Ueing the ~ame P.O.i3. for
~ Rlock A I.ot 9; h~~encc S 20°05' S3;' E-=10.50 feet; thence c~21011(] a curve to tlte ric3ht, ~
It=~10. 50 feet 1S =35 `4II' 02" a~~ arc distance of ?.5. 31 feet; the»ce N 15' 42' 09" E-40. 50 ~
feet to the Point of I3~:yinning. Subject to restriction of record._ ~ ~
- ~
~ THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the_rollowing is a copy: - ~
. .
~
- _ - - _ - ~
~ 26,i64.80 - _ - J~n,.~:n Qeach, Florida " April 18, , ~g75 ~
_ ~ ' ~
For value received, I, we, or either of us promise to pay to the ord~r of
- _ ~
VENTU.RE 4U? I N-A~!ERI CA, I P~C. - ~
- - ~ - ~
- - ~ - . - ~ - _ . - - _ _ _ •
- - - - -
t1.e sum ofTwenty Six Thousand One Hundred Sixty Four and 8Ql100----------------=--Dollars_ ;
(he~-einafter referred~ to as TotaJ of P~ayments at the offices of Venture ~ut in A?~erica, ~
Inc~., in Rtlanta, Geargia, in 1?0 _ con~ecutive rronthly installments - ~
of ~ 218.04 - Qach beginning May 18. . 19 75 , and on
tl~e sarr:~ d~y each month ti~ereafter, except that the final payment may be more o~~ leSS, being '
ttie ainount necessary to complete payment of Total of Pa_yments. The accrued~interest rat~ ~
for thi~ tr•ansaction, not including any ~elinquency charges wtiich may be incurred later is .
ten percent (lU~) per annum. - ~ - - ~
- - ~ ~
It is agreed that tiire is of the essence of this contract and that in the event ~
of de~ault in payme~t of any in"stallment for a perio~ of thirty days *he holder of this }
note i~ay, a* i~s option, declare all tl~e remainder cf said debt due and collectable and ~
any failure to ex~rci~e said option shall not constitute a~~.aiver of ~he right to exercise ~
the same at any other time. In the event of default in payment of this note and of the
. same is placed~in the hands of an attorney for~callECtion,.I, we, or either of us, agrees- ~
~ to pay all costs e,f collections, including reasonable attorney's fees, appellate fees and ~
~intErest upon unpaid balance from the event of default at the~m~ximuin rate perrriissible by -
law. In ca5e oayment shall not be made at maturity, the makers, sureties,.and endorsei~s, ~
_ joi ntly and s~veral ly agree tc~ any extensions c~r renes•~~1 s wi tho~~t fiurther noti ce, bi ~ndi ng ~
ourselves for payment hereof, as if no extensions of time or for~earance of pay.~~ent had
been made or granted. ~ ~ ~ - - - i
- I, or 4re, and~each of us~Yrhether principal, surety, g~:arantors ei~dorser, or._ :
- other party hereto, agree to be jointly and severally bound. I, or we_, each further waive
demand, protest and non-payment. _ - - JT~TE ~ ~ ~ `
i.:;: STAM~'
~ - D0~4)I~~Et•t3;~uY, ~ !e ~
~iven under the hand and seal of each party. ~~~T't~~ F~~EPii.1E - • ;
_ ~ _ , ` ,,.f-~~,.t~,~`~= 3'~. ~ 0 =
. Z ~ - PS_ ~ t..`..
~.c4%~~' -
• - ~ ' : z+:2 . . _ - 'i
~i0. " DUe TPn Par~ ~ F„~n~,ld E EI11,,g Gig_ - ~$ed~ ~ s
. : ~ ° R 2~~ Pncf _ _ ~
= ` soox
- - ~hnnr _ .`iPn~~n R~~h ~ ; ~ a Fi 1 Pc~n F1 1 i ~ siu _ ~~Sed~ ~ ~
_ ' - • =Add~'~ss ; .
~ -
~ ~
y