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i~8911
. MORTG~GE
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~"...x e~n ~
the mortgagor , in consideration of the principal um specified in the promissory note
hereafter described. received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and ex~sting under the Laws of the State of Florida, the Mortgagee, hereby
on this day of , 19~, mortgages to the Mortgagee the real
property m St. Lucie County, Florida, described as:
Condominium Parcel: Block Lflt 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 St. Lucie County, Florida. As provided for bq 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
descxibed, including the limited common elements assigned thereto and
including the undivided interest in the common elements of said condo-
s _.:.ent Pre~~.as t,y IIIIIliL1In. '
~~_~.DAY c;;r THIS IS A PURC~-IASE MONEY •MORTGAGE
P. O. Orawer d17
:;cT-~ ~r~~:n, fiprida 33~157
As security for the payment of the promissory note of which the following is a copy:
s , Florida, , 19yR.Q_.
For Value Received, I, we or either of us promise to pay to the order of OLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box I 1. Stu , Florida, or an other place
as e h er ereof designace in writing, the sum of ~~M~~~s~~~~ ~~+Q
L~~ ~~lars, which includes interest on the princi 1 amount loaned, PaYable in
ua1 consecutive monthl igstallments of ; ~ each, and the first
installment to become payable on the day of , 19~0~., and
one such installment to become due and payable on the ~Q
f each succeeding mont6
until the whole of said indebtedness is paid, with interest from ___~~'Qb
at the rate of ~t_ per cent per annum after maturity.
I
In the event of prepayment, a deduction from the amount due on acrnunt of unearned
~ terest shall be allowed.
It is agreed that time is of the essence of this concract and that in the event of default in
Nsc yment of any installment for a period of thirty days the holder of this note may, at its option,
eclare all the remainder of the said debt due and collectible and any failure to exercise said
~ option shall not rnnstitute a waiver of che right to exercise the same at any other time. In the
~ event of default in payment of t6is note and if the same is placed in the hands of an attorney for
~ rnllection, I, we, or either of us agree to pay all coats of collection, including a reasonable attorne}~s
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointly and
severally agree to any extensions or renewals wathout 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, aecurity, guarantor, endorser or other patty hereto,
~ agree to be jointly and severally bound. I or we, eac:h f rther waive demand, protest and notice
of demand, protest and non-paymen~
s/ (SEAL)
~ 3~ . (SEAL)
~ and agrees:
~ 1. To make all payments required by that note and this mortgage promptly when due.
~ 2. To pay all taxes, assessments, liens and encumbrances on that property promptly whtn
du~. If they are not promptly paid the 141ortgagee may pay them witho~u waiving the option to
foreclose, and such payments, with interest thereon from the date of payment at the same rate as
specified in that note, shall also be secured by this mortgage.
~
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~ PT~Pe~'•
4. To paq a11 expenses reasonabiy incurred by the Mortgagee because of failure oE the
Atortgagor to comply with the agreements in that note or this mortgage, including nasonable
attorneys fees. The cost thereof, with interest thereon Erom the day oE paycnent at the sacne rate
as spe~cified in that note, shall aiso be secured b' thia morcgage.
eoo~ 172 PA6E ~8s
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