HomeMy WebLinkAbout2381 /
. ,
MORTGAGE 16698`?' a +
1~tv;/~e ~G. l ' / '
l ~--~~---~/v6 _ S ~wI ~~v r? S 4t~t
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 organized and exist' unde the Laws of~}
e~ ,State of Florida, the Mortgagee, hereby
on this day of _-~~~~~~r 191e~, mortgages to the Mortgagee the real
property in S~ Lucie County, Florida, described as:
Condominium Parcel: Block ___~_T, Lot of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaration of Conda
minium thereof recorded in Of#icial Records Book 168 at page 1348, of
the Public Records of St. Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes,
but is not limited to, all appurcenances to the condominium parcel above
described, including the limited common elements assigned thereto and
including the undivided interest in the rnmmon elements oE said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As sec ity for the~ayment of the promissory note of which the following ' a co~y: 6
; : ,s T~a. % , Florida, a c 19-~
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 , Flo~
~ r anypthef pl~ce
as the holder 6ereo~f bpay designate in writing, the sum of o~sa.+____1 , vt f1~••?lred ,a,w/
~ ollars, which includes interest on the principal amount loaned, payable in
f o equal consecutive monthly iastallments of ;____~_S~_ each, and the first
installment to become payable on the day ~f a , 19_~ and
one such installment to become due and payable on the /S~ _ day of each succeeii~ month
until the whole of said indebtedness is paid, with interest from ~ ~9~
I'~ at the rate of ~ per 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 t6irty 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 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 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 payanent
thereof, as if no extensions of time or forbearance of payment had been made or granted.
I, we or each of us, whether principal, security, 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~ _ (SEAL)
~
,
s/ ~ (SEAL)
and agrees:
1. To make all payments required by that note and this mortgage prompdy when due.
2. To pay all taxes, assessments, liens and encumbrances 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 interest thereon from the date of payment at the same rate as
specified in that note, shall also be secured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
property.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of t6e
Mortgagor to comply with the agreements in that note or this mortgage, including reasonable
attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured by this mortgage.
~
BooK~71 PACE2376
~
_ _ _ _
~
~ . _ . _ - ~