HomeMy WebLinkAbout1710 MORTGAGE 16451~
Ernest W. Albrecht and Doris A. Albrecht
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the ~nortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERIC.A AT ST. LUCIE, INC., a
rnrporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this ___.2?_~ daX of _~4~~r 19_67 , mortgages to the ~ortgagee the real
property in St. Lu~ie County, Florida, described as:
Condominium Parcel: Block ___I?_________, Lot of HOLIDAY OUT
AT ST. LUCIE. a condominium, according to the Declaration of Condo-
minium d~ereof recorded in Official Records Book 168 at page 1348, of
the Public Records of St. Lucie County, Florida. As provided for Sy the
Condominium Act of the Swtutes 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 the.-~•~ 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 ia a copy:
; 4, 623. 27 , Florida, November 27 , 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 _Six Hundred Twenty
Three ..27 ~.OC~oltars, which includes interest on the principal amount loaned, payable in
__~9____~___ equal consecutive monthly installments of ~~___Z7_~D~________ each, and the first
installinent to become payable on the day of 19________, and
one such installment to become due and payable on the day of each succeeding month
until the whole of said indebtedness is paid, with interest from ________Dlovem2Zer_22th,~ 1 q67
~ at the rate of per cent per anaum after maturity.
~ In the event of prepayment, a deduction from the amount due on account oE unearned
~ interest shall be allowed.
I It is agreed that tune 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,
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 to exercise the same at any other time. In the
z event oE default in payment of this note and if the same is placed in the hands of an attorney for
' collection, I, we, ar 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 furiher 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, aecurity, guarantor, endorser or other party hereto,
~ agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demand, protest and non-paymen~ .
' S ~ (SEAL)
~ Er st W.~br ht ~
~ s~ ~ ris A. A~ re t~~~~~~ ~SEAL)
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
due. If they are not promptly 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.
~ 3. To commit, permit. or suffer no waate, impairment or deterioration of the mortgaged
;h property.
4. To pay all expenses reasonably incurted by the Mortgagee because of failure of the
vtortgagor to comply with the agreements in that note or this mortgage, including reasonable
attorneys 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.
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BOOK 17O PACE 1705
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