HomeMy WebLinkAbout1674 MORTGAGE _L644~3'7
J. Howard Fry, III and June 8. Fry
the mortgagor S in consideration of thP principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and e~:isting under che Laws of the State of Flc*ida, the Mortgagee, hereby
on this ~4~h___ day of A-_
u9..u~t 19_67_, mortgages to the Mortgagee the real
property in St. Lucie County. Flori~la, described as:
Condominium Parcel: Block _H__________, Lot 9_________ 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 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 rnndo-
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 24 ~ ig67 .
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For Valu~-Received, I, we or either of us promise to pay to the order of HOLIDAY OUT
IN ADiERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place
as the holder hereof may designace in writing, the sum of Four Thousand Six Hundred Twenty-
three & 27/10~_ ~llars, which includes interest on the i 1 amount loaned, payable in
60 ~ual consecutive monthly installments of each, and the first
installment to become payable on the _lOth ~y of _ October _ Ig_67__~ ~d
one such installment to become due and payable on the lOth___ ~y of each succeeding month
Au ust 24, 1967
until the whole of said indebtedness is paid, with interest from ______g_____- _
ai 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.
It is agreed that time is of the essence of this contract and that in the event of default in
' paymenc of any installment for a period of thirty days the holder of this note may, at its option,
k declare all the remainder of the said debt due and collectible and any failure to exercise said
{ option shall not conscitute a waiver of the right to exercise the same at any other time. In the
E 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
~ thereof, as if no extensions of time or forbearance of payment had been made or granted.
a 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, each further waive demand, protest and notice
~ of demand, protest and non-paymen~ ~
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; s/ (SEAL)
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~ a/ (SEAL)
' and agrees:
l. To make all payments required by that note and this mortgage prompdy when due.
9 2. To pay all taxes, assessments, I:ens and encumbrances on that property promptly when
- due. If they are not promptly paid the biortgagee 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.
3. To commit, permit, or suffer 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 mortgage, including reasonable
attorneys' fees. The cust thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured bp this mortgage.
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