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MORTGAGE 16446'7
______William R. ~'~in1__ II~
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the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOLIllAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida. the Mortgagec, hereby
on this daY of 19------, mortgages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block _____I_______, Lot /_~_4-_____ of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaration of Condo-
minium thereof recorded in Official Records Book 168 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 indudes,
but is not limited to, all appurtenances to the condominium parcel above
desctibed, including the limited common elements assigned thereto and
including the undivided interest in the common elements of said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
; 4. 549_80 . Florida, January 5 ~ lg 68,
For Value Received, I, we or either of us promise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place
as the holder hereof ma designace in writing, che sum of Four_Thousand__Fiye__Hundred _
Forty Nine &80/l~~lars, which includes interest on the principal amount loaned, payable in
60 equal consecutive monthly installments of ~~_Z~~$~ each, and the first
installment to become payable on the _lQ~h_ day of ~ebS~ 1948__, and
one such installment to become due and payable on the ___~Oth ~y of each succeeding month
i until the whole of said indebtedness is paid, with interest from Januar~ 5, _1968
at the rate of -6.... per cent per annum aftcr maturity.
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~ In the event of prepayment, a deduction from the amount due on account of unearned
~ interest shall be allowed.
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~ It is agreed that time is of the essence of this contract and that in the event of default in
f payment of any installment 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 collectible and any failure to exercise said
z option shall not constitute a waiver of the right to exercise the ~ame 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
f 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
s thereof, as if no extensions of time or forbearance of payment had been made or granted.
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~ I, we or each of us, whether principal, security, guarantor, endorse or other party hereto, _
~ agree to be jointly and severally bound. I or we, each further 've ~e d, protest and notice
~ of demand, protest and non•payment. ~
~ s/ ~ (SEAL)
* i iam , 1
~ . •
~ 5/ (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 of payment at the same rate as
specified in that note, shall also be secured by this mortgage.
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3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
Pr°PertY•
4. To pay all expenses reasonablq incurred by the Mortgagee because of failure of the
~iortgagor to comply with the agreements in that note or this mort~age, including reasonable
~ attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate
s~ as specif ied in that note, shall also be secured by this mortgage.
go~K 170 FAGE1639
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