HomeMy WebLinkAbout2393 ~ MORTGAGE -~F8906
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the mortgagror . in rnnsideration of the principal aum apecificd ia the promissory note ~
hereafter described, receivtd from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation o iud and exis ' under t6e I.awa of the State of Florida. the Mortgagee, hereby
oa thia --E~day of r 19.~, mortgagea to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block I.oc / a of HOLIDAY OUT
AT ST. LUCIE, a oondominium, aaoording to the Declaration of Condo-
minium thereof rtoorded in Official Records Book 168 at page 1348, of
the Public Reoorda of St Lucie County, Florida. As provided for by the
Condominiwn Act of the Swtutes of the State of Florida, (C,hapter 711,
Florida Statutea, 1965 E~ Seq.) said deacription in this oonveyancx includ~,
but ia not limited to, all appurcenanaa to the o~ndominium paral above
deaeribed, includin.g the limited common elements assignod therew and
r~-,,s tr,stru^^.ent Pm~ar~e a, including the undivided interest in t6e common eleanents of said o~ndo-
HOUDAY O'JT jn]aluj~.
P. O. Dra+rer ?~7
8coch, fiunda 33457~ THIS IS A PURCHASE MONEY MORTGAGE
As aecurity for the payment of the promissory note of which the following i oopy:
-
~ r-~ S 7 uy~ 1 , Florida. y~-. 19~
For Value Received, I, we or eithdr of ua pmmise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart,• Florid~, or any oth l~ce
~
as the holder hereo~ may designate in writing, the sum of /C~~ T/jovr~?c~ fi'rt ~~a~
~i./y -~v;~.~ -~Dollara, which includes int,ereat on the princi amount loaaed, payable in
6 0 equal aonsec.-utive monthly installmeats of ; S 3 each, au?d the firat
installment to beoome payable on the day of ~p~'% , 19~, and
one such installment to becrome due and payable on the day of ~ sucxeeding mont6
until the whole of aaid indebtednesa is paid, with intereat from F/~+~u~' /96 ~
at the rate of ~ per cent ptr annum afttt maturity. ~
~ s t In the event of prepayment, a deduction from the amount due on aooount of uneained
interest shall be allowod.
; It is agreed that time is of the essence of thia contract and that in the event of default in
3t ~ayment of any installment for a period of thirty daya the holdtr of this note may, at its option,
, declare all the remainder of che said debt due and oollectible and any failure to e~cercise said .
option ahall not constitute a waiver of the right w exerciae the same at any other time. In t6e
event of default in payment of this notc and if the aame ia placed in the hands of an attorney for
~llection, I, we, or either of ua agree to pay all costa of oollection, including a reasonable attorne~a ;
fee. In case payment a6a11 not be made at maturity, t6e maktrs, sureties and endorsers joindq and
severally agree to any extenaions or renewala without furt6er notice, binding ourselvea for payment ~
thercof, aa if no extensiona of time or forbear~ace of payment had been made or granted.
I, we or eac6 of ua, w6ether princip~l, aecurity, gua=antor, ardorser or other party hereto,
agree to be joindy and aeverally bound. I or we, each furt6er waive drmand, pmtest and notice
of demand, proteac and non
paymm~
~ ` ~ (SEAI')
~ ~ _ (SLAL)
a8ree+:
~ ~
~ l. To make all payments required by that note and this mortgage Prompdy when due. ~
~ Y. To pay all taxa, asse:sments, liens and encumbrances on that property promptly whra 1
due. If thcry an not prompdy paid the Mortgagee may pay them without waiving the option to
foreclose, and such payments, wit6 iaterat thereon ft+o~ the date of payment at the same rate as
spccified in that aote. shaU al:o be ~ecut+ed bp thu mortgage.
3. To oo~mmit, permit. or :ufftc no ~te. unpairmen: or detrrioration of the mortgaged
piOP~1.
~ 4. To pay all expeaxs rea~onabtp incutred b~r the Mortg~gee because oE hilun of the
Mortgagor to rnmply with t6e agreemeats in that note or thia mortp~ge, including nasonable ~
accorneys fees. 'I'he cast thereoE. ~rith intere:t thereon from the day of payment at the aame rue
~ specified in t6at note. aball ala be ~ecured bq th» mortgage. i
,
oo~ 172 P~ 2379
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