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Home My WebLink About2369 ~ ~ - ! za MORTGAGE ' 1669'7$ Robert G. Edmunds , the mortgagor , in rnnsideration of the principal sum apecified in the promisso~y- note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation organized and existing under the L.aws of the State of Florida, the Mortgagee, hereby on this 22nd__ day of February , 1~'~ . mortgagea to t6e Mortgagce the real property in St. Lucie County. Florida, described aa: Condominium Parcel: Block ~ , Lot / 13 _ of HOLIDAY OUT AT ST. LUCIE, a condominium, aooording t,o the Declaration of Condo- minium thereof recorded in Officiai Records Book 168 at page 1348. of the Public Reaords of S~ Lucie County, Florida. As provided for by the . Condominium Act of the Statutes of t6e State of Florida, (Chapter 711, Florida Statutes, 1965 E~ Seq.) said description in thia oonveyaace includea, but is not limited to. alt appurtenances to the condominium parcel above described, including the limited oommon elementa assigned thereto and including the undivided interest in the commoa elementa of aaid oondo- minium. 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~ February 22 ~ lg 67, For Value Received, I, we or eit6rr of us promise W paq to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any ot6er place as che holder ereof may designate in wricing. the aum of Four Thousand Six Hundred Twenty- three ~ 27~100 ~llars, which includes inteieat on the princi amount loaned, payable in 60 _~ual consecuuve monthl installmenta of ; 77' eac6, and the first installment to be~ome payable on the l~th of April ~ 1g67 ~~d , one such installment to beoome due and payable on the lOth ~y of each succeeding mont6 ~ until the whole of said indebt,cdness is paid, with interest from February 22, 196T f ~ at the rate of 6 per cent per annum after maturity. ! In the event of prepayment, a deduction from the amount due on account of unearned ( interest shall be allowod. ~ It is agreed that time is of the e.asence of this contract and that in the event of default in f payment of any installment for a period of t6irty days the holder of this note may, at its option, ~ declare all the remainder of ttie said debt due and oollectible and any failure to excrcise said ~ option shall not constitute 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 is placed in the hands of an attorney for collection, I, we, or either oE us agree to pay all costa of rnllection, including a reasonable attorneq'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 chereof, as if no extensions of time or forbearance of payment had been made or granted. I, we or each of ut, whet6er principal, security, guarantor, endoraer or other party hereto, agree to be jointl~? and severally bound. I or we, each further waive demand, protest and notice ~ of demand, protest and non-paymen~ . _ a ' ~ L) ~ ~ ~ a/ (S~-) ~ and agreea: ~ I. To make all paymenta required by that note and this mortgage pmmptly when due. 2. To pay all taxes, assessmenta, liens and cncumbrances on that property promptly when : ~ due. If they are not promptly paid the Mortgagee may pay them without waiving the option to ~ ~ foreclose, and such payments, with interat thereon fram the date of p~yment at the same rate aa ~ speciEied in that note, shall al~o be secured by thu mottgage. ~ 3. To commit. permit. or suffer no waae. impairment or detrrioncion of the mongaged ~ property. ~ 4. To p~q all rxprnses reasonabl~ incurred bp the Mortgagee becauae ~ failun of the NortRagor to comply with the agtetments in that nott or this mortgage. including reasonable ~ actorneya' fea. The cou thereof, with intenst t6ereon frota the day of panaent at the ume nte ~ as specified in that note. ihall aito be ~ecured b~ tlw mortgage. Soo~ 171 P~ 2~3fi4 , _ - - _ - _ ~ . . . _ _ _ ~ . . _