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HomeMy WebLinkAbout1668 . I ~IOH'1'(~AG~ 164483 . / ~ f~ -T ~ C/r`:t C7 /~J i~>. ! `'i~/P/ -~-/l~.^ //ni"~~~/~ ~t //r':~rf ~ the mortgagor , in consideration of the principat sum specified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation org nized and existiug ynder the Laws of the Swte of Florida, the htortgagee. hereby on this __._331~~ day of ___~1!i°~±~1~_c'_,~______________. 19_ mortgages to the 111ortgagee the real property in St. Lucie County, Florida, described as: Condominium Parcel: Block Lot of HOLIDAY OUT AT ST. LUCIE. a condominium, according to the Declaration of Conda 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 inciu~Ps. 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 A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following is a~y: ~_~S~! . Florida, --~~~=~e! 19_~~ 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 I61, Stuart, Florida or any othe~ pl~ce as thf hold r ereof may designate in writing, the sum of _,~_~!I__ T~~f_o~~f _v_c ~.~6li_c.~ F;~ ~'~r• ~cs~!_~~~~~~_._._ Dollats, which includes interest on the pri~}c~iPal amount loaned, payable in equal consecutive monthly installments of _ 1~•_:~~~______________ each, and the first - installment to become payable on the day of A!~!__u_ u_ r,y___________________________ 19_~.~, and one such installment to become due and payable on the __~~_t~ ~day of each succeeding month until the whole of said indebtedness is paid, with interest from ~'r~~!_~E.C_______~?_~~__~~~~_ at the rate of 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. i ~ It is agreed that time is of the essence of this contract and that in the e~•ent 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 co 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 noc be made at maturity, the makers, si~reties and endorsers jointly and I 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 be jointly and severally bound. I or we, eac rther waiye dema d, prot t tice ~ ~ of demand, protest and non-payment. ~ P ~ - ~ /Le~c+. ~ .S/ _ ' 39 , . ~ - `~i~ ~ ~ S - - - ~ 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 ~1lortgagee may pay them without ~~aiving the option to _ foreclose, and such payments, ~vith interest thereon from the date of 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 deteriuration of the mortgaged property. 4. To pay all expenses reasonably incurred by the 1~lortgagee because of failure of the ~fort~agor to comply ~vith the agreements in that note or this mort~a~e, including reasonable ~ atwrneys Eees. The cost there~~f, with interest thrreon [rom thr day ~?i payment at thc same ratr ~ as specified in that note, sha11 aisv be secured byOtRis mortgage. ~ - BOOK 17O PAGE16~ ~ - ~ ~ - - - - _ .~x ~ ~ - a . a ~ ~ ' , ,r ` r 4 .