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MORTGAGE :LFg9p1
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the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and exis ~ g under the Laws of the St~te of Florida, the Mortgagee, 6ereby
on this day of ~E' 19~. mortgages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block Lot of HOLIDAY OUT
AT ST. LUCIE, a condominium, acoording to the Declaration of Condo-
minium thereof recorded in Official Records Book t68 at page 1348, of
che Public Records of St. Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Swtutes, I965 EG Seq.) said description in chis conveyance includes,
but is not limited to, all appurtenances to the condominium parcel above ,
described, including the limited rnmmon elements assigned thereto and
including the undivided interest in the common elements of said condo-
minium.
THIS IS A_ PURCHASE MONEY MORTGAGE
As '~}~ritq or the payment of the promissory note of which the followin ris aopy: ~
;_y7'~ 8~ a`7^ , Florida, ~ , 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, St , Flo da~,
o any ot6~ p
as holder h may designate in writing, the sum of ~~yru~''~ //~'^'°r'e
~ -'N~ ~--M~Dollara, which includes interest on the princi 1 amount loaned, payable in
~ 0 equal consecutive monthly installmen~s of ; 7~ ~3 eac6, and the first
installment to become payable on the day of ~att , 19f2~, and
one suc6 installmeqt t,o become due and payable on the day of ea~ succeeding month
unW the whole of said indebtedness is paid, with interest from ~y~v /9~ d
i at the rate of ~ per cent per anuum after maturity. ~
~ In the event of prepayment, a deduction from t6e amount due on account of unearned
' ` ' ~r~st shall be allowed.
~ It is agreed that time is of t6e essence of this contract and that in the event of default in
yment of any installment for a period of tturty days the holder of this note may, at its option,
declare all the t~emainder of the said debt due and collectible and any failure to exercise said
option shall not constitute a waiver of the rig6t 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 atwrney for
collection, I. we, or either of us agree to pay all costs of collection, including a reasonable attorneryrs
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, security, guarantor, endorser or ot6er party hereto,
agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demand, protest and non-paymen~
; . ,.F;b.re s,r s~ (SEAL)
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~ and agcKS: ~ - " ,
~ 1. To make all payments required by that note and this mortgage prompdy when due.
2. To pay all taxes, assessments, liens and encumbrances on that property prompdy when
due. If they are not promptly paid the Mortgagee may pay them without waiving the option to
foreclose, and such payments, rvith interest thtteon from the date of payment at the same rate as
specified in that note, shall also be sccured by this mortgage.
3. To commit, permit~ or suffer no waste, impairment or deterioration of the mottgaged
P~P~Y•
~ 4. To pay all acprnses reasonably incurred by the Mortgagee because of failute oE the
Mortgagor to comply with the agreements in that note or this mortgage, including nasonable
attorneys' fea. The cost thereof, with interest thcreon from the day of payment at the same rate
aa specif ied in that note. shall also be sccured by this mortgage. .
~~172 P~2372
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