HomeMy WebLinkAbout2206 . This mortgage to he re-reaorded. Satisfied in error. 1~~22 ~
' ~ ~ MORTGAGE ls ~
4467' ~
s
Wi~liam R. Fa~.n. III ~
,
the mortgag~or . in consideration of the principal sum apecified in the pmmissory note ~
6ereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a ~
corporadon organized and exiating under tht I.aan of the State of Florida, the Mortgagee. 6ereby
on this day of . 19 , mortgaga to the Mortgagee t6e real
property in S~ Lucie County, Florida, deaQibed aa:
Condominium Pau+cel: Block S. , Loc !___.~l___ of HOLIDAY OUT
AT ST. LUCIE, a ooadominium, aaoording t,o the Declaratioa of Condo-
minium thereof xecorded in Official Recorda Book 168 at page 1348, of
the Public Reoords of S~ Lucie Counqr, Florida. As provided for by the
Condominium Aa of the Statutes of the State of Florida, (Chapter 711, ~
Florida Swtutea, 1965 E~ Seq.) aaid deacxiption in this oonveyance includa, ~
but ia not limited to, all appurccnances to the oondominium parcel above ~
desctibed, including t6e limited eommon elements aasigned therew aad
including t6e undivided interest in the aommon elementa of said o~ndo- j
minit~m.
THIS IS A PURCHASE MONEY MORTGAGE
As aecurity for the payment of the promissory note of which the following is a oopy:
; 4. 549 _ 80 ~~ori~ January 5 ~ lg 68,
For Value Received, I, we or either of ua promiae to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Officx Box 161, Stuart, Florida, or any other pL1ce
as the holder hereof y designate in writing, the aum of Four Thousand Five Hundred
Forty Nine &80/ W~~ ~au~ ~~t on the priucipal amount loaned, payable iu j
60 equal o~nsecutive monthly inatallmenn of ~ 75.fl3 each, and the firat ~
installment to beoome payable on the _1Qth__ day of P'~=3l~ ~ , 19~$_, and
one such installment to become due and payable on the day of each succeeding month
until the whole of said indebtedaeaa ia paid, with interest from January 5, 1968
at the rate of ~ per oent per annum after maturity. •
In t6e event of prepayment, a deduction from the amount due on aooount of unearned
Ii interest ahall be allowod.
It is agreed that time ia of the easencx of this oontract and that in the event of default in I
~ payment of any installment for a period of thirty days the holder of this note may, at its option,
declare all t6e remainder of the sazd debt due and oollectible and any failure to exercise said
option ahall not oonatitute a waiver of the rig6t to exercise the same at any other time. In the
event of default in payment of this note and if the same is placed in the hands of an attorney for
eollection, I, we, or either of ua agree to paq all coata of collection, including a reasonable attorne~s
fee. In case payment ahall not be made at maturity, the makera, sureties and endoraera joindy and
sevtrally agree to aay extensiona or renewals without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbearance of payment had been made or granted. ;
t
I, we or each of us, whether principal, aecurity, guarantor, end or other party hereto, °
agree to be joindy and aeverally bound. I or we, each furt6er 've d, proteat and notice
of demand, proteat and non•paymen~
c
s/ 1 ~ (SF.AL)
. ,
. (SEAL)
and agrea: ~
1. To malce all payments required b' that note and thia mortgage prompdq when due.
2. To pay all ta~cea, aas~smenta, liws and encumbrancea on that property prompdy when
due. If thcy are not prompdy paid t6e Mortgagee may pay them without waiviag the option to
foreclose, aad such payments, with inttrat t6ereon from the date of papment at the same rate aa
specifiod in that note, a6a11 alao be aecured by thia maatgage.
i
3. To commit, pcrmit, or auffer no w~ate, impairment or deterioration of the mortgaged
P~P~1•
4. To pay all acpensea reaaonably incurred bq the Mortgagee becauae of failure of the
Mortgagor to comply with t6e agr~ementa in that note or this mortgage, including nasonable
attorney~ fees. 'Y'he cost thereof, wit6 interest t6ereon irom the day of payment at the same rate
aa apecifiod in that note, a~aU alao be aec.vred by thi: mortgage.
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