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- ~soi~'I'GAGH:
_Melrose_CamQing Center,_ Inc. Nashville, Tennessee
the mortgagor . in consideration of the principal sum specified in the proinissory note
hereafter described, received from HOI.IDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, the lbiortgagee, hereby
22nd November 67
on this day of 19________, mortgages to the l~iortgagee the real
property in St. Lucie County. Florida, described as:
Condominium Parcel: Block H______, Lot /____1-____--_ of HOLIDAY OUT
AT ST. LUCIE, a condominiuin, according to the Declaration of Conda
minium diereof 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 includes.
but is not limited to, all appurtenances to the condominium parcel above
described. including the limited common elements assigned thereto and
including the undivided interest in the common elements of said conda
minium.
THIS IS r1 PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the follo~ving is a copy:
4549. 80 _ , Florida, ---November __~_Z__~__~ 19_67__,
For Value Received. I, we or either of us promise to pay to the order of HOLIDAY OUT
IN Ab4ERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida> or any other place
as the holder hereof may designate in writing, the sum of Four_ Thousand Fi_v_e_ Hundred_For~,y
Nine and 80/100 Dollars, which includes interest on the principal amount loaned, payable in
__60 ~ual consecutive monthly installments of $_______75~83_______ each, and the first
installment to become payable on the _i~ day of ____danuary____________________________.__, 19_6~__, and
one surh installment to become due and payable on the __.._l~~ _ day of each succeeding month
' until the whole of said inaebtedness is paid, with interest from November 22, 196?
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at the rate of _s~'_ per cent per aunum after maturity.
` In the event of prepayment, a deduction from the amount due on account of unearned
t interest shalt 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 installment for a period of thiny 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~vai~~er 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 shal! not be made at maturity, the makers, sureties and endorsers jointly and
~ severally agree to any extensions or rene~vals without further notice, bindina oursel~•es for payment
~ thereof, as if no extensions of time or forbearance of payment had been made or granted.
~ I, we or each oE us, whether principal, security, guarantor, endorser or other party hereto,
~
~ agree to be jointiy and severally bound. I or we, each further. waive,,dema , otest nd notice
~ of demand, protest and non-payment. ~j ~
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;
~ s/ _ (SEAL}
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3
~ s
~ ~'U-___ SEAL
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~ and agnea:
l. To make all payments required by that note and this mortgage promptiy ~vhen 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 the~n ~~ithout ~raivin~ the u;:tion to
« foreclose, and such payments, with interest thereun fro~n the date c~f pay~ment at the sa~~.~ rate as
~ specified in that note, shall also be secured by this mortgage.
3. To commit, petmit, or suffer no waste, impairment or deteriuration of the mortgaged
propeny.
~ 4. To pay all expenses reasonably incurred b~• the ~fortg:~;ee because of failure of the
~ ~tortgagor tu comply ~~ith the ag,reements in that n~?te ur this m~~rt~a~e, including reascmable
:uu~rncys fres. The cc~st thrrcof, ~vith interest thcrcuu frum thr da~• ~,f payment at th~ s.~me ratr
as speciEied in that note, shall also be secured by this mortgage.
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