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HomeMy WebLinkAbout1408 ~ , y ~ ~j 1 ? tiIORTGAGF 2 9j ` o! ~r e s e , Do ~r a ~d ~ ~a.~ rv IC . Gv i the mortgagor , in consideration of the principal sum specified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation rganized and exis ' j~ der the Laws of the State of Florida, the Mortgagee, hereby on this ~ day of _ ~v , 19.~, mortgages to the Mortgagee the real proptrty in S~ Lucie County, Florida, descYibed as: Gondominium Parcel: Block ___LC , Lot i-~_ 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 Records of St. Lucie County, Florida. As provided for by the Condominium Act oE the Swtutes of the State of Florida, (Chapter 711. Florida Statutes, 1965 Et. Seq.) s?~~ ~eccription in this conveyance includes, but is not limited to, all appurtenances to the condominium parcel above described, including the limited common elements assigned thereto and including the undivided interest in the common elements of said rnndo- miniwn. THIS IS A PURCHASE MONEY MORTGAGE As security for ge~ payment of the promissory note of wtuch the following is a copy: ; STaa-T , Florida, ~ ? , 19 ~(i 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, Stuan Flori , or any other ~pla e the holder here~~ may designate in writing, the sum of ~_T~ F'e'~}~~~ -%M ~i, Dollars, which includes interest on the principal amount loaned, payable in 6~ _ equai consecutive monthly installments of ~T eac6, and the first installment to become payable on the -.L~_ day of -Q'f ~ 19~$~ and one such installment to become due and payable on the day of ea succeedixg month until the w6ole f said indebtedness is paid, with interest from ~,~~~•~T /9!o g at the rate of per cent per annum after maturity. ! In the event of prepayment, a deduction from the amount due on account af --unearned i interest shall be allowed. ~ It is agreed that time is of the essence of this rnntract and that in the event of default in i 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 oonstitute a waiver of ~.he 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 ~ colleccion, I, we, or 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 further notice, binding ourselves for payment thereof, as if no excensions of cime or forbearance of payment had been made or granted. I, we or each of us, whether principal, security, guarantor, endorser or other patty hereco, agree to be jointly and severally bound. I or we, each further waive demand, protest and notice ~ of demand, protest and non-paymen~ ~ s/ ~ (SEAL) ~ ~ . s/ --j------- (SEAL) ~ and agtcea: ~ ~ 1. To make all payments required by that note and this mortgage promptly when due. ~ k, 2. To pay all taxes, assessmenu, liens and encumbrances on that property promptly when ~ due. If they art not promptly paid the Mortgagee may pay them wichout waiving the option to 5 foteclose, and such payments, with interest thereon from the date oE payment at the same tate as ~ specified in that note, shall also be secured by this mortgage. ~ ~ 3. To commit, permit, or suffer no waste, impaitment or deterioration of the mortgag~-ci ~ property. ~ To pay all expenses reasonabty incurred by che Mortgagee because of failure of the ~ Mortgagor to comply y+ith the agretments in that not~ or this mortRa~t, including r~asonabte actorneys fees. The cost thcreof, with interest there~on from the day oE payment ac the same rate u specified in that note, shall alto be sccured by this mortgage. ~ ~ dORK 1•~~ FAGEI~L`6 > _ : ~ Wv ' ~ c.`~;~.~~- ~ . - ` a~~=. .