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- MORTGAGE /`G,Z j.'3 ~ t~
l~aN , T ~q~.~ ,ra~~ ,
the mortgagor , in consideracion of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
rnrporation organized and e,x~~
g under the Laws of the State of Florida, the Mortgagee, hereby
on this day of 19
G~, mortgages to the Mortgagee the real
property in St. Lucie County, Florida, ~escribed as:
Condominium Parcel: Block Lot 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 Reoords 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 conveyance includes,
but is not limited to, all appurcenances to the oondominium parcel above
described, including the limited mmmon elements assigned thereto and
including the undivided interest in the common elements of said oondo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the pay~~~t of the promissory note of which the followin a copy:
/
; ~iy/ , Florida. e ~'aj , 191~~
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 S~tua
, Flo , or any th p ce
the holder he f may designate in writing, the sum of ^O1i~~"'~~
-N ~ Dollars, which includes interest on the princi 1 amount loaned, payable in
G~ equal consecutive monthly installments of ; ~S. g 3 eac6, and the first
installment to become payable on the day of , 19~-, and
one such installment to become due and payable on the day of ~a~ succeeding month ~
until the whole of said indebtedness is paid, with incerest from ~p r ~ a y? / 9~8
at the rate of ~ 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
payment of any installment for a period of thirty days the holder of this note may, at its option,
declaze 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
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 attorne~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 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, procest and non-payment.
s/ )
a/ ~~L~_ (SEAL)
and agrees:
I. 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 :~tortgagee may pay them withaut waiving the option to
Eoreclose, and such payments, with interest thereon ftom the date of payment at ehe same rate as
specified in that note, shall also be serured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
ProP~T~l~•
4. To pay all expenses rcasonably incurred by the Mortgagee because of failure of the
~iortga~or to comply with the agrc~ements in that note or this mort~age, including rrasonable
actornrys fees. The cost thacof, with interest thcreon from the day of pa~ment at the same race
as specified in that note, shall also tx secured by this mortg e.
~oR~ 171 ~F~396
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