HomeMy WebLinkAbout1417 , ~ ' ~r~f
r' ~,J~ ~t / `,Z9~
~ ~ _ 11r;URTGAGE , '
~~'ti-~
Pegg~ Turner and Frank L. Turner j
.
the mortgagors in consideration of the principal sum specified in che promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE. INC., a
corporacion organized and exiating under che Lawa of the State of Florida, the Mortgagee, hereby
o~ ~ 19th ~y of _ June , 19 6 mortgages to the Mortgagee the real
property in S~ Lucie County, Florida, described aa:
Condominium Parc:el: Block ~ , Lot !
8 of HOI.IDAY OUT
AT ST. LUCIE, a oondominium. aocording to the Declaratioa of Condo-
minium thereof nrnrded in Official Reeords Book 168 at pagt 1348, of
the Public Records of St Lucie Councy, Florida. Aa provided for by the
Condominium Aa of the~ Statutes of the State of Florida, (Cbwpttr 711,
Florida Statutes, 1965 E~ Seq.) said descriptioa in this oonveyance includes,
but is not limited to, all appurtenances to the oondomininm parcel above
described, including the limitcd oommon elements aasigaod thereto aad
iaclud.ing the undivided interest in t6e mmmoa elementa of said eondo-
miaium.
THIS IS A PURCHASE MONEY MORTGAGE -
As aecurity for the payment of the promissorq note of which the following ia a o~py:
~ 4,,,,623.27 Stuart Jt~ne 19 , 1g~iZ,
For Value Received, I, we or either of us promise to pay to t6e order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, Ir.TC., at Poat Offioe Box 161, Stuart, Florida, or any other place
as the holder hereof may designace in writing. the aum of Four Thousand Six I3undred Twenty-
three & 27/100 ~llara, which includea intereat on the principal amount loaned, payable in
60 ~ual consecutive monthly installm~ta of ~ 05 each, and the firat
installment to become payable on the lst of September ~ ~ Ig67 ~~d
one such installment to b~oome due and paqable on the lst ~y of each succetding month
until the whole of said indebtednesa is paid, with interest fmm
i at the rate of 6 per cent ptr annum after maturity.
i In the event of pnpayment, a deduction from the amount due on ac~oount of unrarued
~ interest ahall be allowed.
It is agreed that time ia of the essencx of this contraa and t6at 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 failur~ to exercise aaid
option ahall not oonstitute a waiver of the right to acercise t6e same at any ot6er time. In the
event of default in payment of this note ~nd if the aame ia placed in t6e hands of aa atwn?ey for
collection. I, we, or tithtr of us agree to pay all costa of oollection, including a reasonable attorney'a
fee. In case payment ahall not be made at maturity, the makers, sureties and endo:xra joindy and
severally agree to any extenaions or renewala without further notice, binding oursetvea for payment
thereof, aa if no extenaions of time or forbearance of payment 6ad been made or grantcd.
I, we or eac6 of us, whether principal, security, guarantor, endorser or othrr party hereto,
agree to be joindy and srverally bound. I or we, each further waive demand, proteat and notice
of demand, protat and non-paymeat
r c-~--~.
l
L ~ ~ '
P T er (S~)
~ Frank L. Turner ~~~5~~
~ 1. To make all payments required b~ t6at note uid thia mortgage promptly whea due.
~ Y. To pay all taxes. assessments, liens and encumbrances on thit property promptly wheu
~ due. lf they? are not pr~pdy paid tht Mortgagee may p~y them without waiving the optioc~ to
~ forerloee. and such paymeflts, with interat thereon ft+om the date of payment at the same nte u
specified i~ thst note, shall alao be socurod b~? thu mottgag+e. _
~ 3. '1
o co~tmit. prrmit, or suffer ta ~rute, impaizmenc or detrrioracion of che mortgaged ;
~ PTOP~1~
- 4. To pay all acpensa rea~onabl~ innurc~d by the Moregagee bec;ause oE failun of the
Mortgagor to co~nply ~vith tht agreemes~ts in that note or this mortgage, including n~sonable
attorneyi Eees. T6e cou thrrc~of. ~rith intrreu then+on from the dsy oE papment at the same nte
ai :peciEied in that ~ote. shall ai~o be sccured b~ thu mortgage.
eo~ 1?1 P~c~ 1415 '
. _ _ _ _ : F =
4 ~.~-~;~V f
.~~~~~~.~--~~~-4~~ , s. ~