HomeMy WebLinkAbout3005 MORTGAGE l'713~8
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the mortgagor , in consideration of the principal aum apccificd in the promissory note
hereafter d~cribed. received from HOLIDAY OUT IN AMERICA AT ST. LUCIE. INC.,. a
corporation o ized and~'~JC~g uq~er the Laws of the Swte of Florida, the Mortgagee, hereby
on thia day of ,~ds.~ . 19f¢.~, mortga~gea to the Mortgagee the real
proprny St. Lucie County. Florida, described
Condominium ~at~oel: Block Lot i~_ of HOLIDAY OUT
AT ST. LUCIE, a oondorainium, aocording w the Dcclaration of Condo-
mwium thereof reoorded in Official Recorda Book 168 at pag~e 1348, of
the Public Reoorda of S~ Lucie Couaty, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (C~6apter 911,
Florida Statutea, 1965 E~ Seq.) aaid deacxiption in thia aonveyance includea,
7. D+r_pO.~e n,? ~ut is not limited w, all appunmances to the oondomini~on parcel above
r described, includin the limited common elementa ed thereto aad
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F:~,.aa aa~s~ including t6e undivided interest in the commoa elementa of said aonda
minium.
THIS IS A PURCHASE MONEY MORTGAGE •
As aecurity for t6e payment of the promissory note of which the followin ia a o~py:
; ~ STa.~ , Florida, ~ , 196
For Value Received, I, we or either of us promiae to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Offioe Box 16y1 Stuart, Florida, or any o~er,place
aa the older hereof y deaignate in writing, the aum of 1"0~~-~~sa.~~ T~,o 11.••Yd~~f
' llara, w mcludea int,ereat on the rincip~al amount loaned, payable in
equal consecutive~~w~+g installmeats of o. each, and the firat
installment w become payable on the day of , 19~, and
one suc6 installment to beaome due and payable on the day of each auoceeding rF~r
until the whole of said indebtedness ia paid, with intereat from / 9G 8
at the rau of ~ per cent prr annum after maturity.
; In the event of prepayment, a deduction frum the amount due on a~oo~ynt of unearned
~ intereat ahall be allowed.
~ It is agreed that time is of the essence of thia oontract and that in the event of default in
j payment of any installment for a period of thirty daya the 6older of thia note may, at its option,
declare all the remainder of the said debt due and o~llectible and any failure to exercise said
option ahall not oonstitute a waiver of the right w pcercise the same at any other time. In the
event of default in payment of t6is note and if the aame is placed in t6e hands of an auorney foi
collection, I, we, or either of ua agree to pay all cAats of collection, including a reasonable attorne~a
fee. In cax payment shall not be made at maturity, the makers, sureties and endorsers joindy and ~
aeverally agree w any extenaiona or renewala witLout further notice, binding ourselves for payment b
t6treof, as if no exta~siona of time or forbearance of payment had been made or gi~anted.
I, we or each of us, whet6rr principal, aecurity, guarantor, endoraer or other party hereto, 4," ' "
agree to be joindy and severally bound. I or we, each further waive demand, protest and notice /
of demand, protat and aoa-paytuen~ ~ ~
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~ and agrees:
~ 1. To make all payments required b~ that note and tbis mortgage promptly when due.
2. To pay all wxea, asaeaamenta, liez~s and encumbrancea on that property promptly when
due. If thtq are not promptly paid t6e Mortgagee may paq them without waiving the option to
foreclose, and :uch papments, with int,erest thereon froaR the date of payment at the same rate aa
specified in that note, ahall also be :ccured b' t6~ mortgage.
3. To commit, permit, or auffer no w~te, impairment or detcziontion of the mortgaged
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4. To pay all exprnsa na~onabl~ incwred b' the Mortgagee becauae of failure of the
Morcgag~or to comply with the agreemma in t6at note or this mortgage, including reasonable '
atwrnrys' fea. 'I'he cost thereof. with iatrreu thenon fr~o~n the da~ of pzyment at the aame rate
as apccificd in tbat note, shall al~o be ~ecured b~ thi: mortgagr.
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