The URL can be used to link to this page

Home My WebLink About2374 . _ . _ _ _ . . . . ---j i . • ,4 MORTGrAGE .1f8893 ~ oL . , the mortga , in consideration of the principal aum a if' ia the prom' note hereafter deacribed, received from HOLIDAY OUT IN AMERI AT ST. LUCIE, INC., a corporation rganiud and exiating u d. the Laws of the te of Florida, the Mortgagce, hereby on thia ~v~day of , 19_S2t~mortgagea.to t6e Mortgagee the real proptrty in St. Lucie County, orida, deac~ibed as: ~ Condominium Paroel: Block Lot of HOLIDAY OUT AT ST. LUCIE, a oondominium, aacording to the Declarati~ of Condo- ~ minium thereof recorded in Official Reeords Book 168 at page 1348, of the Public Reeorda of St Lucie County, Florida. As pmvided for by the Condominium Act of the Swtutes of tbe State of Florida, (C~hapLer 711, Florida Statutes, 1965 EG Seq.) aaid desaiptioa ia this a~nveqance includea, but is not limited w, all appurtenances to the condominium paroel above r*~ s~~.,r~,„~,~ P.~:~.ee deacribed, including the limited oommoa elements aasignod thereto and F+ ;~;o~,Y our inclucling the undivided interest in t6e common elements of said eondo- P. Dro~.cr 317 ~lum. Je~.:.~ 're~;h, F1n~dc 33157 , THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the followin is a oopy: ~ ; ~9~0 , , Florida, . 19 ~ For Value Received, I, we or either of us promise to pap to t6e o er of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Poat Office Box 161, Stuart, Florida, or y oth place~ as the holder h f may designate in writing, the aum of Dollars, which iacludes int~rest on the principal amount loaned, payable in - alual oonsec.-utive monthly installmeata of ; ~ a• S~ each, and the first installment to beaome payable on the ~B~ day of - 19.~.~~ and one such inatallment w bec~me due and payable on the Q~ d~y of each aicceeding m~ntL until the whole of aaid indebtednesa ia paid, with interest f=nm - 1~ I R(~~_ ` at the rate of ~ per oent per annum aftrr maturity. ' T, s~O~ In the event of prepayment, a deduction from the amount due on acoount of uneazned : F`~'' e d Y intenst a6a11 be allowed ~`~~~~A It ia agreed that time ia of the easenae of tbia oontract and that in the event of default in ~ q'~payment af any inatallment for a period of thirty days the holder of thia note may, at its option, "s ~`A•declare all the rmnainder of the said debt due and cplleccible and any failure to exercise aaid ~ option a6all not consatute a waiver of the rig6t to exercise the same at any ot6er time. In the ~ event of default in pa'ment of t6is note and if the aame ia placed in the handa of an auorney for ~ collection, I, we, or eithrr of ua agree to pay all co~ta of oollection, including a reasonable attorne~a . ~ fee. In case payment ahall not be made at maturity, the makers, sureties and eadorseis joindy and severally agree to any extensions or renewala without further notice, binding ourselves for payment thenof, as if no extensions of time or forbearancx of payment had been made or granted. I, we or eac6 of us, whether principal, security, guarantor, cndorser or other party hereto, agree to be joind' and aeverally bound. I or we, each f~rt6er waive demand, pr~teat and notice ~ of demand, proteat and non-paymeat~ ~ (SF.AL) ~ I c/ eJ - (sg.Al,) ~ and agt+ees: ~ l. To make all p~y?ments rcyuired b' tbat note and thia mortgage prompdy when due. Y. To pay all taxes, aaxumcnts, liena and encumbranca on thu prbptrty-prompdy whrn due. If they are not promptly paid the Mortgagee may pay them without waiving the option to forecloae. and such paymenta, with interest thtreon from the date of payment at the same rate as ~ specified in that note. ~Il al~o be Kcured by this mortgage. ~ 3. To commit, peranit, ot :uEfer no waste, impairn?tnt os deterioration of the mortgaged ~ property. i ~ 4. To pa~r all rxpenses rea~onabl~ incurred by the Mortgagee b~cause of failure of the Mortgagor to comply with the agne~nents in that note or this mortgage, including reasonable attorne}~' fea. The cau thereof. with interat ~thereon froai tht day of payment at t6e ~me rate u specificd ia that note. shall al~ be ~ecvred b~ thi~ mortgage. e~K 172 P~ 2360 ~rv. _ u _ _ . _ _ . -