HomeMy WebLinkAbout1653 MORTGAGE 164473
Keith R. Schroder
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the mortgagor , in consideration of the principal sum specified in the promiss~,ay note
hereafter described, received-€ram HOLIDAY OUT IN AII4ERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this __15th__ ~y of _ Au~ust 19
67 , mortgages to the Mortgagee ~he real
property in St. Lucie County. Florida, described as:
Condominium Parcel: Block L___________. Lot /___5_______ 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 911,
Florida Statutes. 1965 Et. Seq.) said description in this conveyance includes,
but is not limited to, all appurtenances to the condominium parcel above
described, including the limited common elements assigned thereto and
induding the undivided interest in the common elements of said conda
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a oopy: ~
~ 4, 623. 27 Stuart , Florida, _August 15 19 67 .
For Value Received, I, we or either of us promise to pay to t6e order of HOLIDAY OUT
IN AMERIGA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place
as che holder hereof may designace in wricing, the sum of Four Thousand__Six Hundred Twenty-
three & 27/100 Dollars, which includes interest on the princip
al amount loaned, payable in
60_ ~ual consecutive monthly installments of ~-___~~.05 each, and the first
installment to become payable on the lst ~y of October 1967__, and
one such installment to become due and payable on the __lst ~y of each succeeding month
Au ust 15, 1967
, until the whole of said indebtedness is paid, with interest from _____g
at the rate of 6_ per cent per annum after maturity.
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
; 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
~ option shall not constitute a waiver of the right to exercise the same at any other time. In the
i event oE 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.
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~ I, we or each of us, whether principal, security, guarantor, endorser or other pany_ hereto.
, agree to be jointly and severally bound. I or we, each further waive demand, protest and notice
~ of demand, protest and non-paymen~ ,
; _ ^ n _
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= a~ • . - _:l~c, f--t'tL.~~ (SEAL)
~ eith R. Schroder
:
r a/ - {SEAL)
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: and agreea:
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 prompdy when
due.. If the are not rom tl aid the '.blor ee ma them without waivin the o tion to
r p p y p ~~g y~y g p'
forec:lose, 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. '
y~
3. To commit, permit, or sufftr no waste, impairment or deterioration of the mortgaged
~ property.
_ 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
~tortgagor to comply with the agreements in that note or this mongage, including rea~onable
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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.
60UK~ /O PAGE~648
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