HomeMy WebLinkAbout1671 ~ 1644~~
~sORTGAGE
-----------Dr,_Robin Ly_les-----------------------------------------------------------------
the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOI.IllAY OUT IN AhiERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this ____1_~.____ day of December 19_ s~__, mortgages to the Ntortgagee the real
property in St. Lucie County, Flarida, described as: .
Condominium Parcel: Block ___H______, Loc ~_____8_______ of HOLIDAY OUT
AT ST. LUCIE. a condominium, according to the Declaration of Condo-
miniuni thereof recorded in Official Records Book 168 at page 1848, of
the Public Records of St. Lucie County. Florida. r1s provided for by the
Condominium Act of the Statutes of the State of Florida. (Chapter 711,
Ftorida 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 condo-
minium.
THIS IS r1 PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the follo~ving is a copy:
4, 549. 80 , Florida, _____December_15 _ ig__ 67_,
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 may designate in writing, the sum of Four 1'housand Five Hundred Forty
Nine and 80/100_____ Dollars, which includes interest on the principal amount loaned, payable in
60 ~ual consecuti~e monthl installments of ~______75~ 83_______________ each, and the first
installment to become payable on the St day of ______Februar~? 1968___~ and
; one such installment to become due and payable on the lst__ _ day of each succeeding month
' until the whole of said indebtedness is paid, with interest from ___December 15, 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 acrnunt of unearned
~ 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 installment for a period of thirty days the holder of this note may, at its option,
j declare all the remainder oE the said debt due and collectible and any failure to exercise said
j option shall not constitute 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 tl~e hands oE an attorney for
; collection, I, we, or either of us agree to pay all costs of collection, including a reasonable attomey'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 oursel~es for payment
s thereof, as if no extensions of time or forbearance of payment had been made or granted.
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~ l, we or each oE us, whether principal, sec:urity, guarantor, endorser or other party hereto,
~ agree to be jointly and severally bound. I or we, each further waive demand, pr t and notice
~ of demand, protest and non•payment.
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~ and agrees: ~
I. To raake all payments required by that note and this ~norcgage promptl} when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when
- due. If they are not promptly paid the r~iortgagee may pay them ~vichoiit ~vaiving the option to
foreclose, and such payments, with interest thereon from the date of payment at the same rate as
~I specified in that note. shall also be secured by this mortgage.
~ 8. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
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- pTO~Tty.
- 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
~ ~Iortgagor to comply with the ap,reements in that note or this mort;ane, including reasonable
attorneys' fees. The cost ttiereof, with interest thereon [rom the day of payment at the same rate
= as specified in that note, shail also be secured by this mvrtgage.
~ BOlRlK1/O PA6E~,U6~
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