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MORTGAGE -~b9~21
. r e~ w~l ~ ~ o ,v ;'r ~v,'~
the mortgag^or , in consideration of the p' cipal sum specified in the promissory note
hereafter desscribed, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
rnrporation o~an ized and exis ' un~er the Laws of the State of Florida, the Mortgagee, hereby
on this day of ~ , 19~, mortgages to the Mortgagee the real
property in St. Lucie County, Fl 'da, descaribed as:
Condominium Parcel: Block Lot 1~_ of H4LIDAY OUT
AT ST. LUCIE, a condominium, aa:ording to the Declaration of Condo-
minium thereof recorded in Official Records Book 168 at page 1848, of
the Public Rea~rds 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 oonveyance includes,
but is not limited to, all appurtenances to the condominium parcel above
described, including the limited common elements assigned thereto and
including the undivided interest in the rnmmon elements of said oonda
minium,
THIS IS A PURCHASE MONEY MORTGAGE~
As security foroi payment of the promissory note of_which the following ' haopy: 6 •
~~~~D. (v~/ , Flarida, r 19~L
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, Stuart Florida/ or any oth ce
as the holder her~o y designate in writing, the sum of ~ T~~j~"O ~w~ ~
• Dollars, which includes interest on the princi amount loaned, payable in
equal oonsecutive mont6ly installments of ; each, and the firat .
installment to become payable on the ~ day of y 3~ , 19 f~, and
one such installment to become due and payable on the day of each ~ cceedi~g~
$onth
' until the whole of said indebtedness is paid, with interest from % 9
' at the rate of ~ per cent per annum after maturity. ~
I In the~event of prepayment, a deduction from the amount due on account of unearned
i interest shall be allowed.
~ It is agreed that time is of the essence of this contract and that in the event of default in
~ payment of any installi.ient for a period of thirty days the holder of this note may, at its option.
~ declare all the remainder of the said debt due and collectible and any failure to exercise said
~ opdon 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 ~n the hands of an attomey for •
rnllection, I, we, or either of us agree to pay all costs of collection, including a reasonable attorne~s
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 grdnted.
I, we or each of us, whether principal, aecurity, guaran~r, endorser or other party hereto,
agree to be joindy and severally bound. I or we, each further eman , protes d notice
of demand, protest and non-paymenL
. !~Strt;rr-eh! Prepored by a/
1::_t^AY OU7
' c t:. ;•~.er E67
ti ~ Ee:.It, Ficti.a 334j~ a/ / ,
s`:<
~ and agz+ees:
~
~ 1. 'To make all payanents required by tLat note aud this mortgage promptly when due.
~ Y. To pay all taxes, asseasments, liens and encumbrances on that property prompdq when
due. If they are not promptly paid t6e Mortgagee may pay them without waiving the option w
forecloae. 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.
S. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~ property.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
Mortgagor to comply with the agreements in that note or this mortgage, including reasonable
attorneys' fees. 'The cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured bq this mortgage.
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