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MORTGAGE .~645U1
Felder Weeks
the mortgagor , in consideration of the principal sum specified in the promissory note
hereafcer described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE. INC., a
corporation arganized and existing under the Laws of the State of Florida. the Mortgagee, hereby
on this ?4th___ ~y af February 19_67_, mortgages to the Morcgagee the real
property in St. Lucie County, Florida, described as: _
Condominium Parcel: Block G_______, Lot t~_~
1_____ of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaracion of Condo-
minium thereof recorded in Official Records Book 168 at page 1348, of
the Public Retords of St. Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711.
Florida Swtutes, 1965 Et. Seq.) said description in this mnveyance includes,
but is not limited to, atl appurtenances to the condominium parcel above
desrribed, including the limited mmmon elements assigned thereto and
including the undivided interest in the rnmmon elements of said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the paymenC of the promissory note of whic6 the following is a copy:
s 4, 866 .60 Stuart ~ Florida, February 24 ~ lg 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 Thousand Ei~ht_ Hundred Sixty-
six & 60/100 Dollars, which includes interest on the principa1 amounc loaned, payable in
60 equal consecutive monthly installments of ~ 81'_ll_________~_" each, and the first
! installment to become payable on the _ l Oth ~y of Apr i l_ l g___ 6 7~d
I one such installment to become due and payable on the lOth ~y of each succeeding month
until the whole of said indebtedness is paid, with interest from _February 24, 1967
at the rate of 6_ per cent per annum after maturity.
j In the event of prepayment, a deduction from the amount due on account of unearned
i interest shall be allowed.
~ It is agreed that cime is of the essence of this concract 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,
S declare all the remainder of the said debt due and collectible and any failure to exercise said
a 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 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 ouiselves 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 party hereto.
~ agree to be jointly and severally bound. I or we, each further waive demand, protest and notice
~ ' .
~ of demand, protest and non•payment. ~f
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and agreea:
3 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 prompdy paid the Mortgagee 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.
s; 8. 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 agteements in that note or this mortgage, including reasonable
; actorneys fees. The c.ost 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.
~ BOOK 17O YAGE ~~90
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