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MORTGAGE 1F8~~
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the mortgagor , in oonsideration oE the principal aum apecified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, ~j~IC., a
corporation organized and e~~~~qg ua~er the I.awa of the State of Florida, the Mortgagee, hereby
on thia day of , 19~ mortgages w the Mortgagee th~ real
propercy in t, Lucie County, Ftorida, descxibed as:
Condominium Parcel: Block Lot /__~C._~ of HOLIDAY OUT
AT ST. LUCIE, a oondominium, aocording to the Declaration of Conda
miniwn thereof reoorded in Official Rec:ords Book 168 at page 1$48, of
the Public Reaords ~f St Lucie Countq, Florida. As provided for by t6e
Condominium Act of the Statutea of the State of Florida, (Ghapter 711,
Florida Statutes, 1965 E~ Scq.) said description in this o~nveyanoe includea, .
but is not limited to, all appurcenances to the c~ondominium par~el above
descxibed, including the limited eommon elementa assignod thereto and
including the undivided intereat in the oommon elementa of said o~ndo-
minium. -
THIS IS A PURCHASE MONEY MORTGAGE
As a~curity for~yment of the promissory note of w''hich the follo ~a a py:
3~00, Flprida, • l r 195~
~
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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, tuart FI 'da, o~/r an]~ ~er place
as e 1 hereof designate in writiag, the aum of ~~r~'~
Dollara, which includea inttreat on the principal amo
~nt loaned, payable in
GQ equal oonsecutive monthly tallme~ts of ; l~ each, and the first
instalLnent to become payable on the ~ day of , 19~8, and E
one such inatallment to beeome due and payable on the da off c6 succeeding month
until the whole of said indebt,ednesa is paid, with int,enst from ~,,!<.~~i
~-~T / 9G $
~ at the rate of ~ per cent per annum after maturity.
~`fi ;`c In the event of prepayment, a deduction from the amount due on acoount of uneained
q e interest shall be allowod.
It ia agreed that time is of the essenoe of thia ooncract and that in the event of default in
~ payment of any installment for a period of thirty daps the holdrr of t,hia note may, at ita option,
se eclare all the remainder of the said debt due and oollectible and any failure to exemise said
option ahall not oonstitute a waiver of the rig6t t,o euercise the same at any other time. In the
event of default in payment of this notc and if the aame ia placed in the handa of an attomey for
oollection, I, we, or either of us agree to pay all costs of collection, including a reasonable attorne~s
fee. In case payment a6a11 not be made at maturity, the makera, suretiea and endorsers joindy and
aeverally agree to any extenaions or renewals without furt6er notice, binding ourselves for payment
thereof, as if no extensiona of time or forbearanoe of payment had been made or granted.
I, we or each of ua, whether principal, aecurity, guarantor, endorarr or ot6er party 6ereto,
agne to be joindy and aevrrally bound. I or we, each fnrther 've dtmand, protest and notice
of demwd, proteat and non-paymea~
7his Instrv~+enf otipor~d py / ~ ~S~L~
tiOLIDAY Oi1T s
P. O. prower 8t) '
~ lersa~ Bwch, Flw.do 33~57 s/ _ ~S~L~
4~
~ lLd a~l~Yj: ~
1. To make all paj?ments nquired br thst note and thu mortgage promptly whea due.
Y. To pay all taxes. assa:ments, liens and encumbrances on that proprrty promptly w6en ,
due. If they an not prompdy paid the Mortgagee may pvy thrm without waiving the option to
foreclose. and such paymwta. wit6 iaterat t6ereoa from the date of payment at the same rate as " 3
specified in t6at note. ihall also be secur~d by this mostgage.
3. To c:ommit, permit, or ~suffer no waste, impairment or deterioratioa of t6e mortgaged
P~P~I~•
4. To pay all acpenses na~onabl~ incvirred by the Mongagee because oE failure oE the
Mortgagor to comply with the agreemeats in that note or this awrtgage. iruluding n~asonable
accorne~' fees. The codt chereoE. witl~ interat t6emon from che day of paymrnc ac the same race
as spKificd in t6at note. :6a11 al~o bt s~cur~d b~
`~1~ F~
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