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MORTGAGE \ ~ ` ~ ~s~~~ ~ ~J
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GG ' i s E t CG • ~na ( ea.~ _,'s l~~?
the mortgagor , 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 ~o~~ ized and exi~// ~r the Laws of~~eOState of Florida. the Mortgagee, hereby ;
on this day of , 19 mortgages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block Lot of HOLIDAY OUT
AT S1'. LUCIE, a condominium, aocording to the Dcclaration of Condo- ~
minium thereof recorded in Official Records Book 168 at page 1348, of
the Public Reoords of S~ 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 appurtenances to the condominium panel above i
described, including the limited common elements assigned thereto and ~
including the undivided interest in the common elementa of said condo-
minium. ~
THIS IS A PURCHASE MONEY MORTGAGE
As rity r the payment of the promissory note of which the following ia a copy:
~ . ~ , Floricla, ~ ~ , 19 G~.
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 16~1 Stu , Flo 'da, or a~n o~ er lac
as the holder h~f n:ay designate in writing, the sum of !''~v~~~ ~.,~r~t ~~dr~
IL ~~_o Dollars, which includes interest on the principal amount loaned, payable in
equal consecutive monthly installments of ; 7 S 8~ each, and the first
installment to become p
a
yable on the da
q of , 19~~, and
one such installment to beoome due and payable on the day of each succ g month
until the whole of said indebtedness is paid, with int:erest fram ~o. /96
at the rate of per cent per annum after maturity.
In the event of prepayment, a deduction from t6e amount due on account of uneamed
, interest shall be allowed. ~
; It is agreed that time is of the essence of this contract and that in the event of default in t
k 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 sazd 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 coats of collection, including a reasonable attorne}~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
~ 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, rotest and notice
¢ of demand, protest and non•payment ~ D
a -~'C~ ~ ~L~!~d !f*~ SEAI.
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~ ~L,~~~~ ~ _ SEAL
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and agreta:
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~ l. To make all payments required by that note and this mortgage promptly when due.
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2. To pay all taxes, assessments, liens and encumbrances on that property prompdy 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
~ specified in t6at note, shall also be secured by this mortgage.
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~ 3. To commit, permit, or suffer no waate, impairment or deterioration of the mortgaged
~ property.
~ 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
Mortgagor to comply with the agreements in that note or this mortgage. including reasonable
k attorneys' fees. 1'he coat thereof, with interest thereon from the day of payment at the same rate
' as specified in that note, shall also be secured bq this mortgage.
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aooK171 PACE2389
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