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MORTGAGE .1644~`~
s:
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the mortgagor , in consideration of " the pruicipal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation o anized and existing u er the Laws of the State of Florida, the l~iortgagee, hereby
on this day of ____~~C_P1t2 19~St~, mortgages to che Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block ___1~_______, Lot of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaration of Condo-
minium thereof recorded in Official Recorcis Book ~ 68 at page 1348, of
the Public Records of St. Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes,
~'Y but is not limited to, all appurcenauces to the condominium parcel above
described, including che limited common elements assigned thereto and
including the undivided interest in the rnmmon elements of said conda
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As secun for th` p ayment of the promissory note of which the following is a oo y
~ ~ , Florida, _1~1~f~b.~r ~o , 19~
For Value Received, I, we or either of us promise to pay to the order of HOLIDAY OUT
IN AhiERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, lorida, or any othe~r~ pla e
the holder her`eof may designate in writing, the sum of T~tys~_r~_~r__!_T_~N~~
~~s,;~' -_~Dollars, w6ich includes mterest on the principal amount loaned, payable ~n
(p o equal consecutive monthly installments of each, and the first
installment to become payable on the day of ___~~re~~~ _ 1910_~, and
one such installment to become due and payable on the da of each succeeding month
until the whole of said indebtedness is paid, with interest from _______~~~~tt ~~_~1?__
at the rate of per cent per annum after maturity.
In the event of prepaymenc, a deduction from the amount due on account of uneamed
interest shall be allowed.
It is agreed that time is of the essence of this contract and that in the event of default in
payment of any instaltment for a period of thirty days the holder of this note may, at its option,
declare all the remainder of the said debt due and mllectible and any failure to exercise said
option shall not rnnstitute a waiver of the right to exercise the same at any other time. In the
event of default in payment of this note and if the same is placed in the hands of an attorney for
collection, I, we, or either of us agree to pay all costs of collection, including a reasonable attorney's
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointly and
severally agree to any extensions or renewals without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbearance of payment had been made or granted.
I, we or each of us, whether principal, security, guarantor, endorser or other party hereto,
agree to fie jointly and severally bound. I or we, ea~ch further waive demand, protest and notice
of demand, protest and non-paymen~ ~
s -~~~~.e.~ ~ ~ SEAL
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s~ - - G1tc-~~~t
t_t - (SEAL)
and agrees: ~
1. To make all payments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments; liens and encumbrances on that property promptly when
due. If they are not promptly paid the Mortgagee may pay them without waiving the option to
foreclose, and such payments, with interest thereon from the date oE payment at the same rate as
specified in that note, shall also be secured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
property.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
;4iortgagor to compiy with the agreements in that note or this morcgage, including reasonable
_ attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured by this mortgage.
BOOKI7O P11GE16~7
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