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HomeMy WebLinkAbout1394 ' ~ xpo , • MORTGAGE ~1 ` q ~o / 9~ ~ j 1~Ti~ t ~w1 f}~•« ~1.~ ~ [w: ~t ~ . the mortgagor , in o~nsideration of the principal sum speci#ied in the promissory note hereafter desrribed, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation rganiud and exis ' under the Lawa of the State of Florida, the Morcgagee. hereby an thia day of 19~, mortgagea w the Mortgagee tbe real property in S~ Lucie County, Florida, 'bed as: Condominium Paral: Block Lut I 3~ of HOLIDAY OUT AT ST. LUCIE, a oondominium, aooording to the Dcclazation of Condo- minium thereof reoorded in Official Reourds Book 168 at page 1348, of the Public Reoords of S~ Lucie County, Florida. As provided for by the Condominium Aa of the Statutes of the State of Florida, (Chapttr . 711, Florida Statutes, 1965 Et. Seq.) said description in t6is oonveyance includes, but is not limited to, all appurtenances to the condominium parcel above descri6ed, including the limited oommon elements aasigaed thereto and including the und.ivided interest in the rnmmon elements of said oondo- minium. ' THIS IS A PURCHASE MONEY MORTGAGE As aec rity for ~~ayment of the promissory note of which t6e following ia oopy: ~ S ~wiT ~ Florida, , 19~ For Yalue Received, I, we or either of ua promise to pay to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Poat Offioe Box 16,1~ Stuart, lorida, o an,y oth~ e/ as_ holder 6ereq f~ may designate in writing, the aum of f'o~~ T~o ~s ar ~ f;w 1SGn.p d f~r -N.~~ ---~`v Dollara, wluch includes interest on the princi amount loaned, PaYable in d 0 equai consec~cive monthly instalLnents of ; S~- each, and the first installment to become payable on the day o# ~~t~/~ , 19~, and one such installment to become due and payable on the day of eac6 succeedin month until the whole of said indebtednesa is paid, with int,erest from Fr~~~~/~ /~G~ at the rate of _(p__ per cent per annum afttr maturitq. ; In the event of prepayment. a deduction from t6e ' amount due on uoount of unearned ~ intereat shall be allowed. i ~ It ia agreed that time is of t6e tssence of thia contract and that in the event of default in ~ payment of any installment for a period of thirtp days the holder of thia note may, at its option, ~ declare all t6e remainder of the said debt due and oollectible and any failure to ex~rcise said option shall not oanstit:~te a waiver of the rigtnt to exeniae the same at any other time. In the ~ event of default in payment of this note and if the aame is placed in the hands of an attorney for collection, I, we, or either of ua agree to pay all costs of oollection, including a nasonable attorney's fee. In case payment shall not be made at maturity, the makers, suntiea and endonrrs joindy and aeveraliy agree to aay e~ctensiona or renrwaLa without further notice, binding ourselves for payment t6ereof, as if no actensions of time or forbearanae of payment had been nnade or graut,ed. I, we or each of us, whether principal, iccurity. guarantor, endoraer or other party hereto, agree to be joindy and aeverally bound. I or we, each further waive demand, protest and notice of demand, protat and aon-paymm~ ~-i~~ ,t~..~.~~ ~ ~'-~-i/ _ (gEpL,) i~ ~,r~ l/J~ (SEAI,) ~ and agras: ~ 1. To make all payments required by that note and this mortgage pr+~mptly w6en due. ~ Y. To pay all taYa. asx~ments, liens and encumbrances on that property Prompd~r when ~ due. IE theq ue not promptly paid the Mortgagee may pay them wiehout waiving the option to foreclose, and such payanents. wit6 inter~at t6ereon from the date of payment at the aame nte ~ ~ specified in that note. shall also be secuted b~ this mortgage. ; ~ 3. To commit, permit, or suEfer no rraue, impairmenc or deteriontion oE the morcgaged ~ Pr°Pert1• ~ ~ 4. To ps~? all expensa rw~aabl~ incurred by the Marcgagee because of failure of the - Mortgagor to compl~? with t6e agreemeats in that note or this mortgage. including reasonable accorne~n' fea. The coa thereof. v?ith incereu thereoa Erom the day of paymrnt at the same rate u:pe~citied ia that uote. shall aLo ix securod by thi: aartgage. ~ 0 R - ae~~ ~ r1 ~ i3~z _ _ _ _ - ~ i~r" ~ ~:i4..~ ~:_Y i~ 'Y:1 . . . ~p°'°:Sz.~+~~~ ~ _ .