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MORTGAGE ~~8~5
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the mortgagor , in consideration of the principal sum specified in the pmmissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the Swte of Florida, the Mortgagee, hereby
on this day of -~.Y~,~,ts~~ , 19_~e.$., mortgages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block Lot 1_~~R____ of HOLIDAY OUT
AT ST. LUCIE, a oondominium, according to the Declaration of Condo-
minium thereof recorded in Of#icial Records Book 168 at page 1348, of
the Public Reoords of S~ Lucie County, Florid~. 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 appu: tenances to the condominium parcel above
described, including the limited common elements assigned thereto and
including t6e undivided interest in the common elements of said conda
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a oupq:
~ , Florida, ~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, S , Flori an other~p e
as the holder ereof may designate in writing, the sum of ~.-s~
ti~ Dollars, which includes interest an the rinci amount loaned, PaYable in
CC~~ ual consecutive mont6l installments of each, and the first
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installment to become payable on the day of ~ , 19~., and
one such installment to become due and payable on the day of eac6 succeeding month
uncil the whole of said indebtedness is paid, with interest from
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 rnntract and that in the event of default in
~+S payment of any installment for a period of thirty days the holder of this note may, at its option,
Y~'~ ~ declare all the remainder of the said debt due and collectible and any failure to exercise said
option shall not constiwte a waiver of the rig6t to exercise the same at any other time. In the
~t ~ ~~event of default in payment of this note and if the same is placed in the hands of an attomey for
~4~-j F~"collection, I, we, or either of us agree to pay all costs of collection, including a aeasonable attorne~s
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers joindy 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 jointly and severally bound. I or we, each fc~ 4he: •.:•~e:~~ ~~a.^.~, protest and n~s~e
of demand, protest and non-payment.
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s~ (SEAL)
~ and agreea:
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4 l. To make all payments required by that note and this mortgage promptly when due.
~ 2. To pay all taxes, asussments, liens and encumbrances on that property promptly when
~ due. If they are not promptly paid the :~iortgagee may pay them without waiving the option to
foreclose, and such pay~ments, 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, oT suffer no waste, impairment or deterioration of the mortgaged
~ property.
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4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
ltorcgagor to comply with the agreements in that note or this monRage, including reasonable
attorneys fees. The cost thereof, with interat thereon from the day of payment at the same rate
` as specified in that note, shall also be secured by this mortgage.
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