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MORTGrAGE 1~1~34
CARL A. E'RICKSON AND SALLY V. ~RICKS0IV, HIS A?F1~
,
the mortgagor , in consideration of the principal aum apecified in the promissory note
6treafter deaaibed. received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, t6e Mortgagce, hereby
on thia ~h_. day ~ ~a ~ . 19 6~ mortgagea to the Mortgagee the real
property in S~ Lucie County, Florida, ddcribed as:
Condominium Parcel: Block , Loc 1_1~___ of HOLIDAY OUT
AT ST. LUCIE, a oondominium, aooording to the Dcclaration of Condo-
minium t6ercof reoorded in Official Recorda Book 168 at page 1848, of
th~ Public Reourds of S~ Lucie County, Florida. As pmvided for by the
Condominium Act of the Swtutes of the State of Florida, (C~hapter 711, ~
Florida Swtuta, 1965 Et, Seq.) aaid deaQiption in this aoavrqance includea,
but ia not limited to, all appurcenancea w the oondominium paroel above
desaibed. including the limited common elements aasigaod thereto and ~
. including the undivided interest in the aommon elements of said c~o~ndo-
. . _ _ : - i Dy WIIIIriID.
- - ~ • - ~ ~=~57 _ THIS IS A PURCHASE MONEY MORTGAGE
As aecurity for the payment of th~ promiasory note of which the following ia a aopy: ;
~ ~210.~o Stuart , ~~;a,, ~lay 13 , lg 68,
For Value Received, I, we or eithtt of ua promise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart,, Florida, or any other place
as t6e holder hereof may desigaace in wricing, che aum of Three thousand seven hundred
t en and No/100- ~llara, which includea iatereat on the principal amount loaned, payable in
e~ua~ oo~ 'e~ontlily installments of ; 309.16 each. and the fust ~
u s en~taar~onme °p~ay~~~Ic~on the day of June - , 1g68
one such inatallment to beoome due and payable on the ~ nt h day of each suc~ceeding mont6
until the whole of said indebt,edneat ia paid, with int,ereat from ~ay l0, 1968
at the rate of 6 per cent per annum after maturity.
j In t6e event of prepayment, a deduction from the amonnt due on acoount of unearned ~U ~
; intereat a6all be allowod. ~ ~
~ It is agreed that time is of the easence of this contraa and t6at in the event of default in
payment of any installmeat for a period of thirty daya the holder of this note may, at its option,
" declare all the remainder of the said debt due and o~llectible and any failure w exercise said
~ option ahall not oonstitute a waiver of the right to exerciae the same at any other time. In the _
~ event of default in payment of t6is note and if the aame ia placed in the hauda of an attorney for
E rnllection, I, we, or eithtr of ua agree W pay all caata of collection, including a reasonable attorneyfs
~ fee. In case payment shall not be made at maturity, the makrra, aureties and endoraera joindy and
severally agree w any exw~siona or renewala without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbearaace of payment 6ad been e or granted.
I, we or each of us, whet6er principal, aecu ' gnarantor, m or othrr party hereto,
agrte to be joindy and severally bound. I or we, ch waive emand, protest and notice
a of demwd, protat and non
paymeat
: (SEAL)
~ ,
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~ ~gg.AL~
and agrra:
I. To make all payments required bp thst note and this mortgage prompdy wbrn due.
Y. To pay all taxa, aaaa~ents, liens and encumbranoea on that property promptly when ~
~ due. If thc' are not promptly paid tbe Mortgagee may pay them without waiving the option to ;
forcrlose, and auch pa~6ents, with interest t6ereon from the date of payment at the aame rate aa ~
apecified in that rwte. ~hall ala be aec~red by this mortgage. ~
3. To eommit, permit, or :uffes no ~tt, impairment or deterioration of the mortgaged
P~P~r-
~ 4. To pay all expenaes rea~onablp incurred by the Mortgagee because of failure of the
Mortgagor to comply with the agn^ements in that note or this mortgage, including reasonable
attorneys' fea. Tlie cost thereof, ~vith interest therron from the day of payment at the aame rate
u apaiEied ia that note. :hall al~o be ~acurod b~ tbis mortgage.
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aOW~ ~ ~ e1 F~CE~~~
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