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HomeMy WebLinkAbout2355 . • ~ \ , f ' ~ ~O - . ~ ~J q ~ MORTGAGE .~sssss . . - . , ~ ~ , ~v , . /'/1'~ ~ ~ , ~ the mortgagor , in conaideration o e principal s pecified in the promissory note t hereafter describcd, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, 1NC., a corporatio o~,anized ani~~~ der the Lawa of the State of Florida, the Mortgagee, hereby OA LZ113 __~__-~j day of , 19~ mortgages to the Mortgagee the real property in St. Lucie County, Florida, described as: Condominium Parcel: Block Lot t~l____ of HOLIDAY OUT ~ AT ST. LUCIE, a condominium, aooording to the Declaration of Condo- minium thereof reoorded 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 Swtutes of the State of Florida, (Ghapter 711, Florida Statutes, 1965 E~ Seq.) said descxiption in this conveyance includes, but is not limited w, all appurtenances to the eondominium parcel above descxibed, including the limited common elements aasigned thereto aad including the undivided interest in the common elementa of said condo- ~ minium. THIS IS A PURCHASE MONEY MORTGAGE As securi fo,F the payment of the promissory note of wluch the following is a aopy: ~ ~o ; ''~S , Florida, /1 c lg ~b~ 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, Stu , Florida,1or o~f~ late as e holder h f may designate in writing, the aum of ~o k ~t e{„~ ~.~~t d~iyy~ ~t c.~.-~ d-uJ ` * ' Dollars, which in-tc ~es interest on the rinci 1 amount loaned, payable in ~ equal consecutive monthly '~ii stallmenta of ~~~3 each, and t6e first installment to become payable on the daq of , 19~1_~.; and one such installment to become due and payable on the day of each suceeeding month until the whole of said indebtedness is paid, with interest from at the rate of ~aper 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 t6is note may, at its option, ~ declaze all the remainder of the said debt due and collectible and any failure w exercise said ~ option shall 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 aame is placed in the hands of an attorney for ~ collection, I, we, or either of us agree W pay all coats of collection, including a reasonable attorne~s fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointiy and severaliy 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, protest and non-payment, ~ a~ ~~~nl~....~ l z-~sEAI.~ i ~ . . ~ :s s/ (S~-) . ~ and agreea: ~ ~ 1. To make all payments required by tLat note and thia mortgage prompdy when due. ~ r; ~ 2. To pay all taxes, assessments, liens and encumbrances on that property promptlq when ~ $ due. If they are not prompdy paid the Mortgagee may pay them without waiving the option to ~ ~ foreclose, and such payments, with interest thereon from the date of payment at the same rate as ~ specifi~d in that note, s6a11 also be secured by this mortgage. ~ 3. To commit, permit, or sufftr no waate, impairment or deterioration of the mortgaged ~ property. ~ 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the f ~ Mortgagor to comply with the agreementa in that note or this mortgage, including reasonable ~ attorneys' fees. The cost thereof, with intereat thereon from the day of payinent at the same rate ~ as specified in that note, shall also be aecured by thia mortgage. ~ , ~ ~DOK~~~ PM~E~M~ ~ _ . _ _ = . - - ~ .