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MORTGAGE au~ QH c~"``'---- ~y PAYRIEM pF , ;
~ PURSt64yT
1p CFt~iE~18tF pfrrsur~lt P~ =ERf~
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" CtC~K ~l~~ ppt~RT,~ ~~UCIE i
~ ERNEST~~ RRVINET and LTI~'~BELLE ~u ~ ~
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. ~ hereln "Mortgagor," whether singulati• or plural. in cunsideration of_conv~ya~~ce ~
of real pr~~ierty hereinafter described by VENTURE OUT IN AMERICA, INC., herein ~
"Mortgagee", and to.secure payment of th~ balance of the pur~hase ~rice t~y
Morl:gagor obligated to be pa1d, as evidenced by pror~issory note full~ iden~ifi~d ~
herei n, hereby o~~ thi s 17 day of A~ i 1 A.O. , 19-~~~-- , ~to-
gether with any and all~#uture advance~ e er n money ~r supplies, made by _
Mortgagee to the Mortgagor, conv~ys and mortgages ta the s~id Mor~gagee its
.successors and assigns the real property in St. Lucie County; florida, described
- as follow~:
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Cnu~nc nc i ng a i, the ~~,u th~•rE.s t Cariic.r o f Scc 1: ~.,t~ 1_, TU1'l115I11O 37S, R~;n~~e ~1] E, thence trurth ,
~ £~~~°.~i5'14" E aloi~~~ tl~e Soulh line ot~ said S~ction 1?.-774.~11 fcet i:a a Point on-fihn cenLer-~
i ine of the 100 f~ot ~ i~~lit-i,f'-e~r~~~a of SR-/1111; tl~encc~ Pl ?.3°~19'31" td alonq. thE centerline ~
of the ric~~~t-of-~~~ay 1.921.33 feet; thence SG('i°.-10'?_~" t•!-2~?G.OI fee~; thence ~1 II7°31'll" ~
~;1-3~3.12 fe4t; tlien~:e S f3~°~7']3" t•1~-133.~1~)~feet; tl~~nc~ S QO'02'~i3'-' C-20 fe~t; thence ~
S f;9°'.>7']3" 4•l-~151.'.;G fs~et; thrr~ce S f39°55'~~7" t~l-Zt~l.~q feeL; thence ~ 00°09'27" E-3a7.00 ~
,J feet to tt~e Poii~t of Qe~~iiininy; ~i?ence S 6?.°OG'19"L~-1~2.~19 feet; thence along a cur•ve C~~
tl~i riqht, R~ 112.~~ feet, ~1 = 27°!i~l'1?." ~n arc ciistance oF ~~t.7a feet; thenc~ ~
O0"05'05" 4!-?_7.33 feet; th~~r?c.e P~ t39°53'-44" E-~30.60 feet; thence S 49°28'S6" c-42.~0 ~
fePt to the _Point of 13e~~i nni ng . ~ - ~
~ Suhject fio d i"!?d(J access and uti l~~,:; easeinent over th~~t {~artion of 131ock ~3 l.ot 1Z ~
~ _ e{c.~seribed as follo.~~s: Point ~f i;nginnin~~.bei~~c~ t~he sa~ne fo~• alock Q Lot 12; tl~enc~ S :
- _ G?.°06'19" t•1-~12.Q0 fcet; tli~:i~ce ~~lony_ cui•ve ti~e ri~iht„ R=~12.Q0 feet, [S = 6:~°2~1~~15'`
,~i~ ,~rc ~iist~nce of 54.1~~ FeeC thence S~19°~~3'SG" f:-~12.00 feet to Che Puiiit of 13eJinning.
THIS I~ A PURCNASE MONEY MORTGAGE _ ~
As secu~•ity for the payment of the promissory note of which the followi~~g is a copy:~ ~
;14,220:00 . - Jens~.n Qeach, Florida ~pril t7 , 19 7_? _ i
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. For value received, I, we, or either of us pror~~ise to pay to the order of ;
~ VENTURE OU7 I_N AP'ER I CA, I FlC.- _ ~
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thc sw~+ of _ _ _ _ ~
, Fourteen Thousand Two Hundred and Twentp and no/00 - ~ pollars '
(l~er-einafter referred to as Total of Payments at the of.fices of Venture Out in America,
t~~c., in Atlanta, Georgia, in 120 - consecutive monthly__installments
uf ~ 11~, 54 each beginning -~ia~: 17, ; 1975 , and on #
the san;:~ day each manth thereafter, except that the final.payment may be morA or less, being ~
the amount necessary to complete payment of Total of Payments. The accrued.interest rate ~
for this transaction, not~including any,d~linquency charges which may be incurred later is ~
ten ~ercent (16~) pE~ annum. - - -
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- It is ~agreed that ~ime is of-the essence o~ this contract and that in the event ~
of default in payment of any instal]ment for a period of thir~y days the holder of thi~ - i
~~ote snay,~at its option, declare all the remainder of said debt due an~ colleetable and _
_ any failure to e~ercise said option shall not constitute a~~raiver of the ric~ht to exercis~
the sa,ne at any other t2me. In the event of defiault in payment of this note and of the
same is placed in ti~e hands of an attorney_for collection, T, we, or either of us, agrees ;
. to ~~ay ali costs of collecti~ns, i~cludin~ reasonable ~ttorney's fees, appellate fees and ~ `
interest upon unpaid balancz from_th~ event of default at the maximum rate pern-iissible-by }
_ lar~. In case payment ~hall not b~-made at maturity, the makers, sur~ties, and endorsers, ~
-.jointly and severally a~ree to any extensions cr renewals without further notice, bin~ing - ~
~urselves for payment hereof, as if no extensio~s 4f tinie or forbea~ance of payment had
been irade or granted. - - _ ~
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_ ~I,.or ~r~, and each af us whether principal, surety, guarantc,r, endorser, or ~
ather party hereto, agree to be jointl/ and severall~ bound. I, or v?~e, each further waive ~
demand , prot~s t and ~on-paymer~t - - STA'1" C ~~rJ ~2 I D A' ~
- - ~ - - - [30CiJME~3~ARi.., ='r;:~ STt~h~ P ; <i X
~ a' OEt'I Gf P.L!'~itU~ : :
- Given under the hand and seal of each ~arty. r~ ! /~r :
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P fl. . . ~
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: t~o. ~ - Due Ten Years F.rnesto Ravi_ne,t g~ ~ ~ ~ (Seal ) , ~
. . _ - - ~~x=~39 encE 60'~ . - ~ ~ ; _
- -i2 Venture Iiarbour, ~rensen ~B~each,,~la__i.inahe> > a Rat~i n~t ~a.~, (Seal }
~ . • ddress -