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~ RECEIVEO ~ IN PAYMENT Of TAXES
S i~10R~1'GAGE ~E ON GIAS$'~i' INTMKi{a1E PERSONAI P~?0"ERIY~
1 ~ W.;flSUAFtI TO CFiAP1ER 7Y•134. ACTS OF 19i~.
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\ - ~ c~r~c ciRCUir ~ou~r, sr. ux~~ ~o.. ~u. ~
HUBERT C DU'TRO AND JOAN M DUTRO, his wife
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herein "Mortgagar," whether.singular or plural, in consideration of conveyance
of real property hereinafter described by YENTURE OUT IN AMERICA AT ST. LUCIE, -
INC., herein "Martgagee", and to secure payment of the balance of the purchase
p~~ice by Mortgagor obligated ~o be paid, as evidenced by promissory note fully
~ identified herein, hereby on this 7th day of Apri~ A.D.,
19 , together with any and all future advances either in money or supplies; made
by~rtgagee to the Mortgagor, conv~ys and mortgages to the said Mortgagee its ~
successors and assigns the real property in St. Lucie County, Flor~da, described , ~
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as fol 1 ows :
~ Condomi ni um Parcel :!ot No. ~ 13 of VEh1TURE OUT AT SL. LUCI E, I NC A '
Condomtnium according to the Dec~ aration of Condominium thereof and. - _
Amendments_thereto, recorded ~n-Official Records Book-189, Pag~ 1677: - ~
- et se.; O.R. Book 190, Page 2b58; O.R..Book.203, Page 1837; and O.R. ~
_ - Book 226, Page 395, of iche Public Records of St. Lucie County, Florida.
As provided for by the Condominium Act of the Statutes of the State - - ~
of Florfda (Chapter 711, -e-t- se~-., 1965) said description in this con- ~
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~ veyance includes, but is not-limited to, all appurtenances to th~
Condominium Parcel above described, including the limited corr~non ~
- elements assigned thereto, and includirrg the u~divided interest in ~ ;
the common el ements of sai d Condomi ni um. ,S/~
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THIS IS A PURCHASE MONEY MORTGAGE - ~
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. As securiicy for the payment of the promissory note of which the following is a copy: ~
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S 7,458.75 ~ - 3ensen Beach, Ftoriaa Apri1 7 ,~g75
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For value reteived, I~ we~ or either of us promise to pay to the order of ~
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VENTURE OUT I N AMERI CA AT ST. LUC I E, I NC. ~
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the sum of Dollars ~
_.(herelnafter referred to as "Total of Payments") at the offices of Yenture Out in America at St. tucie, Inc.. ~ ~
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~n Attanta, Georgia, ~#n 59~1 consecutive r~onthly installrents of S 124:31 / 124.46 - each ;
be ~nnin , 19~yr ~ and on the same day of each month thereafter, except that the ?
final payment may- more or ess, e~ng the ar~ount necessary to ccxnplete payment of the Total of Payments. ~
FurtF.ermore,.for every installment which remains unpaid for ten days after its due date, the undersigned agree
. to pay a deiir~quency charge of 54.00. . ~
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It is agreed that time is of the essence of this contract and that in the event of default in payment ~
- of any installment for a period of thirty days the holder of this note may.~at its option, declare all the re- ~
mainder of said-debt due and collectibiQ and any failure to exercise said option shall nat constit~te a waiver - ~
of the right to exertise the same at any ather time. In the event of default in payment of this note and if the
same is placed in the fiands of an attorney for coliection* I, we, ar eith~r of us, agree to pay all costs cf ~
collection, includin9 a reasonable attorney's fee and interest upcn ?he rtnpaid balance fran the event of default ~
at tfie maximum rate permissible by law. In r ~e payment shall not be :nade at maturity~ the makers,- sureties~ ~
and endorsers, jointly and severally agree tu any extensions or renewals without further na=ice, binding our- ?
selves for payrrent hereof, as if no extensions af time or forbeara~~~.~ of paym2nt had been made or granted. ~
I, or we. and each of us whether principal, surety~ guarantor, endorser, or other party hereto, a9ree ?
to be,jointly and feverally bound, I, or we, each further waive demand, pro and non-payment. ~
. Given under the hand and seal of each party. - ~ ~
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i tto. V 13~ Cue 5 vParS ~Seal }
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The ~tal amount of indebtedness secured by this Mortgage shall not exceed ~',458.75
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