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MORTGAGE ~ ~ ~.2~~ 4 ~ °
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the mortgagor . in consideration of the principal sum spccified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organiud and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this day of ~ , 19~, mortgagea to the Mortgagee the real
property in St Lucie County, lorida, deacri aa:
Candominium Paircel: Block , Lot of HOLIDAY OUT
AT ST. LUCIE, a oondomiuium, aooording w the Declaratioa of Condo-
minium thereof recorded in Official Recorda Book 168 at page 1548, of
the Public Reo~rds of St Lucie Countp, Florida. As provided for by the
Condominium Act of the Statutes of th~ State of Florida, (Chapter 711,
Florida Statutea, 1965 Et. Seq.) said description in thia aoaveyance includea,
but is not limited to. all appurtenances to the eondominium pau~cel above
deacxibed, including the limited common elementa assignod thereto and
including the undivided interest in tht common elementa of said oonda
miaium.
i
THIS IS A PURCHASE MONEY MORTGAGE
As security for t6e payment of the promissory note of which the followin is a oopy:
; 8°--
3~~+'T . Florida, ~ ~ , 19.~.
For Value Received, I, we or either of us promise to gay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161. Stuart, Florida, pr any o~r~lac9
as the holder hen~may designace in wricing, the aum of _~~~j t a~
~ Dollara, which includes int,er~est on the principal amount loaned, payable in
equal consecuave monthly inatallmeata of ; 7 s- ~3 ~d t6e firat
installment to become payable on the day of _ F~ , 19~~., and
one such installment to become due and payable on the ~ da~' of each succeeding month
until the w6ole of said indebt,edness is paid, wit6 interest from ~,1~~-~~~L 9 /9G B
at the rate of _(p__ per cent per annum aftrr maturity.
; In the event of prepaymait, a deduction from the amount due on aooount of unearned :
; incereat ahall be allowed. '
~
` It ia agreed that tune is of the essence of this oontract and that in the event of default in
~ payment of any instaliment for a period of t6irty days the holder of this note may, at its option,
` declare all t6e resnainder of the said debt due and collectible and any failure to exercise said
~ option ahaU not constitute a waiver of the right to acercise the same at any other time. In the .
~ event of deEault in paymeat of this note and if the aame is placed in the hauda of an attotneq for
collection. I, we, or either of us agree to pay all coats of collection, including a reasonable attorne~a
' fee. In case payment a6a11 not be made at maturity, t6e makers, sunties and endorsers jointly and
aevenlly agree to aay extensiona or rentwala without further notice, binding ourselves for payment
thereof, aa if no extenaions of tune or forbearance of payment had been made or granted.
~ I, we or each of ua. whether principal, ~ecuritq, guarantor, endoraer or other party l~ereto,
~ agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
~ of demuid, protat and non-pa~?ment .
~ - _ (SF.AL)
~ ~ .
s/ )
and agrea:
~ l. To make all paymtnts required by that note and this mortgage promptly w6en due.
~ Y. To pay all taxes, as~esmoents, liens at?d encumbrances on ihat property promptly whrn
~ due. If thejr are not prompdy paid the Mortgagee may pay thrm wichout waiving the option to
forecloae. and such papments. with interat thtr~on from the date of payment at the same rate as
~ apecified in that note. ~6a11 al~o be socurcd bp this a~ortg~ge.
~ 3. To commit, permit, or :uffer no ~ra~te, impairment or deteriontion of the mongaged
~ propert~.
4. To pay all exprn~a rea~onably incurred by the Mortgagee because oE failure of the
~ Mortgagor to comply with the agt+eemenu ia that note or this mortgage, including reasonable
aetorne~rs fees. Tbe cou therevf, with iaurat there~on fmm t6e day of pa~rmrnt at the same nte
~ ai sp~cified in that nae. shall al~o be ~ecwrd b~ this mortgag~e.
~ ~~R?171 P~~E1400
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