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MORTGAGE ~G `3~~ 3 ~ ~s
1'
Robert W. Long and Gertrude E. Long ~
,
the mortgag~or s im m~sideration of the principal sum apecified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organiud and existing under the I.aws of the State of Florida. the Mortgagee, hereby
on thia 1 st ~y af July , 19 6 mortgages to the Mortgagee the real
property in S~ Lucie County. Florida, deacribed aa:
Condominium Parcel: Block E , Lot / 6 of HOLIDAY OUT
AT ST. LUCIE, a condominium, aooording to the Declaration of Condo-
minium thereof recorded in Official Recorda Book 168 at page 1848, of
the Public Reoords of S~ Lucie County, Florida. As pmvided for by the
Condominium Act of the Swtutes of t6e State of Florida, (Chapter ? 11,
Florida Swtutea, 1965 Et. Seq.) said descxaption in this oonveyance includes,
but is not limited to, all appurtenances to the oondominium p~u+cel above
descxibed, including the limiced mmmon elements ~ssigaed thereto aad
including the undivided intereat in the commoa elements of aaid aondo-
miniuan.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following ia a oopy:
; 4, 623. 27 Stuart ,~o~, July 1 , lg 67,
For Value Received, I, we or either of us pmmise to pay w the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Office Box 161, Stuart. Florida, or any other place
as the holder ereof may designate in writing, the aum of Four Thousand Six Hundred Twenty-
three & 27~100 `y~~ ~audes intenat on the rinci amouat loaned, payable in
60 ~~utive monthly installmenta of ;~7 . 0~ each, and the first
installment w become payable on the lst ~r of August ~ 1967 ~~d
one such installment to beo~me due and payable on the 1st ~y of each suoceeding month
until the whole of said indebtedneaa ia paid, arit6 inttnst from July 1, 1967
at the rate of 6- per cent prr annum after maturity.
In t6e event of prepayment, a deduction from the amount due on aa:ount of uneazned
interest ahall 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 inatallment for a period of tturty daya the holder of t6is note may, at its option,
declare all the remainder of the said debt due and collectible and any failure to exercise said
option ahall not oonstitute 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 ia placed in the hands of an attorney for
rnl~ection, I, we, or eit6er of us agree to pay all costs of oollection, including a reasonable attomey'a
fee. In case paytnent shall not be made at maturity, the makrrs, sureties and endorsera jointly and
severally agree to any extensions or renewaLs without furthtr notice, binding ourselves for payment
thereqf, as if no extenaiona of time or forbearauce of payment had been made or granted.
I, we or each of us, whethtr principal, security, guarantor, endorser or other pa hereto, t
agree to be joindy and aeverally bound. I or we, each fu waive demand, pro and inotice
of demaad, pmtac aad non
pajrmta~ .
)
s~ ~ ~ sEAI,~
and agrea:
1. To make all paymenta required b~ that note and this mortgage prompdy when due.
Y. To pay all taxa, assaamtnts, liens and encumbrances on that properq? promptly w6en
due. IE tbey are not prompdy paid the Mortgagee may pay thrm without waiviug the option to
_ foreclase. and such paymenta, ~vith int,erat thereon from the date oE payment at the same nte as
apecified in that note, shall aLo be secured b~ this mortgage.
3. To oooamit, ptrinit, or suffer no ~nKe, impsirmrnt or dettriontion oE the mortgaged
P~P~r•
4. To pa~r all tspmaa rwonsbl~ itxvrred by the Mortgagce beause of hilun af tbe
Mortgagor to compty with the agreema~a in tlut tate or thu mortgage. including rezsonable
atcomeys' fees. Tbe co~t thrreof, ~rit6 interest thereon fr+oon t6t dap of p~Jrtaent at the same nte
u~e~cified 'w that aote, st~all abo be iecured this
a~~71 P~~~~40
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