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MORTGAGE 1f $~9'7
` v c~1v ~ ~ `~C Nes~ ` . @c~ esK ,
the mortgagor , in consideration of the principal sum specificd 'w the pmmissory note
hereafter described, received from HOL.IDAY OUT IN AMERICA AT ST. LUCIE, INC., a ~
corporation o ized and existing under the Lawa of the State of Florida, the MorRga~ee, hereby .
f day of 19~, mortgagea to the Mortgagce the real '
on this ~ _
property in St. Lucie County, Flori , desctibed as:
Condominium Parcel: Block Lot i_~ _ of HOLIDAY OUT
AT ST. LUCIE, a condominium, aocording to the Declaration of Condo-
minium thereof rccorded in Official Records Book 168 at page 1348, of
the Public Records of St. Lucie County, Florida. As provided for by the
Condominium Aa of the Statutes of the State of Florida, (Chapter 711,
Florida Statutea, 1965 E~ Seq.) said description in thia oonveyance includea,
but ia not limited to, all appurtenances to the oondomiaium panel above
described, including the limited common elements assigned thereto and
including the undivided intereat in the common elementa of aaid condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for ~ payment of the promissory note of which t6e following ia a copy:
; , Florida, ~.~L? , 19~.
For Value Received, I, we or either of na promise t,o pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, St rt, Flo or y o;~f
the hold ereof may designate in writing, the aum of t .L~ r
I'~' • Dollara, which includes intereat on the princi amount loaned, payable in
~ equai oonsecutive monthl~~
tallmeats of ; each, and t6e firat
installment to beoome payable on the ~~'sT day of , 19-~. and
~ one such installment to become due and payable on the _ day of each succeeding month
until the whole of said indebtedness ia paid, with intereat from ~.~M.~I T-.--
' at the nte of ~ per cent per annum after maturity.
i
~ In t6e event of prepayment, a dcduction from the amount due on acoount of unearaed
interest shall be allowed.
It is agreed t6at time ia of the esxnce of this contract and that in the event of default in
payment of any installment for a period of thirty days the holder of this note may, at its option,
,d declare all the remainder of the said debt due and collectible and any failure to exercise said
: r 1 option shall not oonstitute a waiver of the right to exercise the same at anq other time. In the
~ S ti , ~vent 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 pz~? all coata of oollection, including a reasonable ~ttorne~s
fee. In case payment a6a11 not be made at maturity, t6e make~s, sureties and endorsers joindy and
aeverally agree to any extensions or renewals without further notice, binding ourselvea for payment
t6ereof, aa if no extensions of tune or forbearance of payment had been made or granted.
I, we or each of us, whether principal, aecurity, guarantor, endorser or other party 6ereto,
agree to be jointly and aeverally bound. I or we, each fu aive deman pmtea and notice
of demand, protac and non-paymen~
~nstn~++ent PreooreA h~t ,
FiJLiDAY OUT
F. O. D:~wer B~7
.~~.~n Bwch, Ftw~ 33457 ~
~ : (SEAL)
r
and agrea: ~
l. To make all payments required by that note aud thia mortgage prompdr when due.
Y. To pay all wces, aaaesaments, liens and encumbrances on that pmperty promptlq when
due. If they are not promptly paid the Mortgagee ma~r pay them without waiving the option to
foreclose, and auch paymenta. with interat thtreon fmm the date of payment at the same rate as ~
specificd in that note, shall also be ~ecured by t6is mortgage. (
3. To commit, permit, or sufftr no wa~te, impairmrnt or detesiontion of the mortgaged ;
t
p='°pert~'' ~
4. To pay all eupensa rea~onabl~ incutred by the Mortgagee beraux of failure oE the ;
Mortgagor to comply with tht agreements in that note or this mortgage, including trasonable
attorneys' fea. T6e coac thereof, with iatrrest thereon fram the day oE payment at the sawe nte
~:pocified in tbat nae. shall alw be secured b~? t!w mortgagt.
t001(1~ f~CE ~
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