HomeMy WebLinkAbout3007 . . _ . .t"?'1?2:~
MORTGAGE
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the mortgag~or . in consideration of the principal aum specified in the promissory note
hercafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, 1NC., a ;
corporation ~o'~ iud and existing der the I.awa of the State of Florida, the Mortgagee, hereby
on chia day of , 19 mortgagea to the Mortgagee e real
property in S~ Lucie County. Florida, deacribed aa:
Condominium Paroel: Block Lot 1~_ of HOLIDAY OUT ~ ~
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AT ST. LUCIE, a condominium, aaoording to the Dcclaration of Condo-
minium t6ereof reeordcd in Official Recorda Book 168 at page 1848, of ~j
the PubLc Reoords of S~ Lucie Coun , Flonda. As rovided for b the ~ y
Condominium Act of the Swtutea of the State of Flo
'da. (Chapter 711,
Florida Statutes, 1965 E~ Seq.) said description in this oonveyance includea,
but is not limited w, all appurtenances to the o~ndomiaium paroel above
Th;s ~nstrt~mert F•~~~N ey -described, including the limited oommon elements aasigned thereto and
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P. C. L~u~-e~ inclnding the undivided interest in the oommon elements of aaid oondo-
~E-__ ~ c~k?,, ~~s~. minium. 4~ ~ ~
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THIS IS A PURCHASE MONEY MORTGA~E .
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As aocuri for t~e payment of the promissory note of which the following ia a ao y: ~ w W~~
~ ,"1~- _ , glor;da, r~~~ h m
For Value Received, I. we or either of us pmmise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Officx Box I61, Stuart, FIo da, or any o er place'
as the hol~ r hereof may desigaate in writing, the aum of .~~t ~~ys~~~;v~~~ r~?
l Dollara, which includes int,ereat on t6e principal amount loaned, payable in
, equal c~nsecutive monthly installmmta of % each, and the firat
~I installment to become p
ayable on the I"f day o~ , 19~, and
x:c111111;t111111 one auch installment to be~ome due and payable on the ~1 day of~ su
~~g month
~ until the whole of aaid indebtedneas is paid, with intereat from /1~~~ -
~ Y~~ ca at the rate of ~L per ca?t per annum afctr maturity.
J~f l i~ In the event of prepayment, a deduction fsom the amount due on aooount of unearned
~ ~ • intereat shall be allowed.
It is agreed that time is of the essence of thia o~ntract and t6at in t6e event of default in
z ~ i,~ payment of any installment for a period of thirty daya the holder of this note may, at its option,
p~ declare all t6e remainder of the said debt due and eollectible and any failure to exercise said /
~ a~ o a~ option shall not oonatitute a waiver of the rig6t ~ to e~cerciae the same at any other time. In the ~ ~ 0
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i I ~ ~ ~ t ~ ~ I i ~~a ~Ilection, I, we, or eithrr of us agree w pay all coats of collection, including a reaaonable attorne~a ~ k~ . -
fee. In case payment shall not be made at maturity, the maktrs, sureties and endorsers joindy and ,
A1Nf10~ severally agree w any extensiona. or rentwala without further notice, binding ourselves for payment
W; •lg thereof, aa if no extenaions of tuae or forbearancx of payment had been made or granted.
I, we or eac6 of us, whether principal, ~ecurity, guarantor, eadoraer or other party hereto,
agree to be joindy a~d severally bound. I or we, each further waive ,demand, protest and notice
of demaad, proteat aad noa-paymea~ ~
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~ ~ and agrees:
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~ l. To make all paymenta required b~ t6at note and thia mortg'age prompdy when due. f
Y. To pay all taxea, aaseasments, liena and encumbru~ca on that property prompdy when ~
due. If they are not prompdy paid the Mortgagee may pay t6em without waiving the option to
forecloae. and auch paymmts, ~vith iaterat t6ereon from the dace of payment at t4e aame rate as
apecified in t6at note, shall alto be setui+ed by? this mottgag~e.
3. To commit, permit, or auEfer no w~te, impairmcnt or deteriontion of the mortgaged '
p~~. _
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~ 4. To piy aU acpensea rea~oaably incurred by the Mortgagee becanae of failure of the :
Mortgagor to comply with the agreemeati in that note or this mortgage. including nasonable `
actornepa' fea. T6e rnst thereof, with intrrest thenon fran the day oE payment at t6e same race ~
a: spaificd in that note, shall al~ be secured by thi: mortga$e. -
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