HomeMy WebLinkAbout2397 MORTGAGE 1~g~19
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the mortgagor , 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 Lawa of the State of Fiorida, the Mortgagee, hereby
on this tiay of ~~R`~ ~h ,~9.~, mortgages to the Mortgagee the real
property in St. Lucie County. Florida, descxibed as: ~
Condominium Parcel: Block 1~~_, Lot E_ ~ of HOLIDAY OUT
AT ST. LUCIE, a condominium. according to the Declaration of Condo-
minium thereof recorded in Official Records Book 168 at page 1348, of
the Public Records of S~ Lucie County, Florida. 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 appurtenances to the condominium parcel above
described, including the limited common elements assigned thereto and
7 5;__,_,~~,, pM,,.~,~ 5y including the undivided interest in the oommon elementa of said condo-
!:_l:`.:AY Gui II11111111II.
r'. ~J Cf~w~r 847
.~_~_n, Fioi~.:a ~~ss~ THIS IS A PURCHASE MONEY MORTGAGE
As securitq for the payment of the promissory note of w6ich t6e following is oop :
, 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 1,61, St , Florida, an~er place
as the lde hereof ma;? designate in writing, the sum of
~ Dollars, which includes interest on the princi 1 amount loaned, payable in
C~ equal consecutive monthly installmenta of each, an the first
installment to become payable on the day of 1~~, and
one such installment to become due and payable on the day of ch succeeding month
until the whole of said indebtedness is paid, with intere.st from
at the rate of ~ per cent per annum after maturity.
~ r In the event of prepayment, a deduction from t6e amount due on account of unearned
j ' interest shall be allowed.
~ A
~ It is agreed that time is of the essence of this contract and that in the event of default in
yment of any installment for a period of t6irty days the holder of this note may, at its option,
declare all the remainder of che said debt due and collectible and any failure to exercise said
option shall not constitute a waiver of the right 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 attorney for
collection, I, we, or either df us agree to pay all costs of rnllection, including a reasonable attomey'a
fee. In case payment shali not be made at maturity, the makers, sureties and endorsers jointlq and
severally agree t,o any extensions or renewals without furttter 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,
~ agrree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demand, protat and non-paymen~
~ a/ ~SEAI')
~ a/ - (SEAL)
and agrea:
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1. To make all payments required by that note and this mortgage promptly whcn due.
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2. To pay all taxes, asseasments, liens and encumbrances on chat property promptly when
~ due. If they are not promptly paid the Mortgagee maq pay them w`thout waiving the option to
- forectose, and auch payments, with interest thereon from the dace payment at the same rate aa
specif ied in that note, shall aLso be sa:ured by this mortgage.
3. To cotnmit, permit, or suffer no waste, impairment or deterioration of the mortgaged
PTOP~1•
4. To pay all expenses reasonably incurred by the Mortgager b~cause of failure of the
'.ltortp,agor to comply with the agreements in that note or this monRage, including nasonable
- attorneys fees. The cost thereof, with interest thereon from the day of paymcnt at the same rate
aa specified in that note, shall ~lso be secured by this mortgage.
eoac 172 oAC~,~~
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