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Home My WebLink About3003 > > . MOR1~GrAGE ~~,1~~ nd A n s B. Pendl ton His iPi e , the mortgagor , in conaidcration of the principal aum apocified in t6t promissory note htreafter describcd, received from HOLIDAY OUT IN AMERICA A'I` ST. LUCIE, INC.. a corporation organiud and existing under the Iawa of the State of Florida, the Mortgagee, htreby on this ~~hday of ~a r~ h , 19 68 , mortgagea to the Mortgagee the real property in S~ Lucie County, Florida, de~cribed aa: Condominium Paroel: Block A~, Lot /-3 of HOLIDAY OUT AT ST. LUC1E, a oondominium, acxording w the Declaration of Condo- minium thereof reoorded in Official Recorda Book 168 at page 1348, of . the Public iteoords of St. Lucie County, Florida. As provided for by the Condominium Act of the Statutea of the State of Florida, (C6apter 711, Florida Statutea, 1965 E~ Seq.) aaid description in thi: oonveyanoe includea, but ia not limited to, a~l appurtenanaa w the oondominium parcel above described, including the limited oommon elementa aasignod thereto and .,~.~.;.m~.,~ P.~.~e ey iacluding the tindivided intereat in the o~mmoa elements of said oondo- .i; I;~t Y OUT II13Illllm. ~~ower 847 . _ -i ~ILS IS A PURCHASE MONEY MORTGAGE As aecurity for the payment of t6e promisaory note of which the following ia a aopy: ~ 34 31. 2 3 St ua r t, gla~ ~!a rch 12 , 19 68 For Value Received, I, we or eithtr of ua promiae to pay to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, ING, at Post Offioe Box 161, Stuart, Florida, or any other place aa the holder hereof may designate in writing, t6e aum of ~ree thousand ,four hundred t h i T t z~- o ne a nd c~~isecu ~hic•h includes intercat on the principal amount loaned, pay~ble in -24 equal nve monthly inatallmeats of ~ 142 • 9? each, and~e firat installment t,o beo~me payable on the Z s t ~r ~ ~a y ~ , 19 ~ , and 3-- one such inscallment to beoome due and payable on the __1.~~__ da of each su ~month until the whole of said indebt,ednesa is paid, wit6 intcrest from ~arch I2, Ia 968' ! at the rate of 6 per cent ptt annum after maturity. ~ j In t6e event of prepaymttit, a deduction from the amount due on aooount of unearued ~ s E inta-eat shall be allowed. ~ It is agreed that time is of t6e easenoe of thia contract and that in the event of default in ~ payment of any installment for a period of thirty daya the holdu of this note may, at its option, declare all the remainder of t6e said debt due and oollectible and any failure to exercise said option a6all not oonstitute a waiver of the right to exerciae the same at any other tima In t6e event of default in payanent of thia note and if the aame is placed in the tiands of an attorney for collection, I, we, or either of ua agree to pay all cosu of oollection, including a r~asonable attomey'a fee. In case pajmnent ahall not be made at maturity, the makera, suretiea and endoraeia joindy and stverally agree to any extenaions or nnewals without further notice, binding ourselves for payment thercof, as if no extensions of time or forbearancx of payment had been made or granted. ~ I, we or each of Lu, whethtr principal, ~ecurity, guaraator, endorarr or othtr party 6ereto, agzee to be joindy and scwrrally bound. I or we, each furthrr waive drmand, proteat and notice of demand, protat and non-p~yinea~ John E. Pend1 e t on, Sr. ~5~~ ~ Agnes B. Pendl eton ~5~~ ~ and agreea: ~ 1. To make all payments required by that note and this mortgage promptly when due. ~ Y. To pay all ta~ces, aue:amcnta, liens and encumbrauca on that Pi'OP~Y Pi'OmPVY whea ~ due. If they are not prampdy ~aid tht Mortgagee may p~y them without waiving the option to ~ forecloae, and auch paymenta, with in~erat thereon fram the date of payment at the same rate as ~ specified in that note, shall al~o be ~ecured b~ thit moregage. ~ 3. To eommit, permit, or suffer no ~te, unpairment or deteriontion of the mortgaged ~ pmperty. ~ 4. To p~y all acpenaa re~onabl~ incurred bp the Mortgagee becauae of failun of t6e Mortgag~or to comply with the agreenuwts in tLat note or thu mortgage, including reasonable accorneya' fces. Ttx cosc thereof, ~?ith intemt thrroon fram the day of paymeat u the :ame race aa spe~cified in that notr, ~U abo be iecured by tLis mortgage. . ~i~ ~x~ -~:r:. ;~J_~ ~ ~ ; . - . - - - R ~ ~Y~ . -