HomeMy WebLinkAbout1707 MORTGAGE i64s~
Fowler-Sims, Inc. and Robert M. Sims
-
the mortgagors, in consideration of the principal sum specified in the proraissory note
hereafter described, received from HOLIDAY OUT 1N AMERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this _6th__ _~y of ' February 19 67_, mortgages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block F_________, Lot i_ 15 of HOLIDAY OUT
AT ST. LUCIE, a condominium. a~cording 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 rnnveyance includes,
but is not limited to, all appurtenances to the condominium parcel above
described, including the limited rnmmon elements assigned thereto and ~
including the undivided interest in the common elements of said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
~ 4, 866 .60 Stuart ~ Florida, February 6_~ lg 67 .
For Value Received, I, we or either of us promise co pay to the order of HOLIDAY OUT
IN AI~iERIGA 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_ EicLht__Hundred Sixty-
six & 60/100 Dollars, which includes interesi on the principa1 amount loaned, payable in
60_______ ~ual consecutive monthly installments of ~ 81. rl___~_____ each, and the first
installment to become payable on the 10th day of __March lg_67~ ~d
one such installment to become due and payable on the l Oth ~y of each succeeding month
' until the whole of said indebtedness is paid, with interest from February 6, 196 7 _
i at 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
f 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,
F declare all the remainder of the said debt due and collectible and any failure to exercise said
i 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, includi~fg a reasonable attorney's
~ fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointly and
severally agree tc~ any extensions or renewals without further notice, binding ourselves for payment
~ thereof> as if no extensions of time or forbeazance 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, each further waive demand, protesc and notice
c of demand, protest and non-payment. ~ /
~ ~~Z~lJ~Y / {~/j/~^-Y~' ~ ~T
~ - s/ ~---~.~.==-~'(S~L)
~
~ S/ - ~ (s~l..~
and agreea: ' ~
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
y due. If they are not promptly paid the Mortgagee may pay them wichout 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
~liort~;agor to comply with the agreements in that note or this mortgage, including reasonable
~ actorneys' fees. The cost 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.
~ s~oK 170 P~~E 1702
-
~ _ r . * z y
~r ~.s ~
~