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MORTGAGE 1'72~~~0
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the mo r, in consideration of e rincipal apecified in the promissory no e '
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hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a ~
corporation organized and existinJg `under the Lawa of the State of Florida, the Mortgagee, hereby ~
on this ~ day of ~~0.t~1 , 19~ mortgages to the Morcgagee the nal
property in St. Lucie County, Florida, described aa:
Condominium Parcel: Block Lot f~~ of HOLIDAY OUT
AT ST. LUCIE, a condominium, aooording to the Declaration of Condo-
minium thereof recorded in Official Recorda Book 168 at page 1348, of
the Public Records of S~ Lucie County, Florida. As provided for by the !
Condominium Act of the Statutes of the State of Florida, (Chapter 711.
T;, ~•-r' : Y Florida Statutes. 1965 E~ Seq.) said description in this oonveyance includes,
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E but is not limited to, all appurtenances to the condominium parcel above
ee~.rti. ~a<s~ described, including the limited common elements assigned thereto and
including the undivided interest in the common elementa of said c~ondo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of wluch the following is a cop :
;~L , Florida, ~L~3` , 19~.
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For Value Receivcd, I, we or either of us promise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, St art, Flo ' _ or y o er lace
as the holder hereof may designate in writing, the aum of ~
Dollara, which includes interest on the princi 1 amount loaned, payable in
equal oonsecudve monthly installmenta of ~ each, and the first
installment to become payable on the _J.~ day of , 19~~, and
one such instaltment to become due and payable on the day of . ch aucceeding mont6
until the whole of said indebtedne.ss is paid, with interest from - '
at the rate of ~ per cent per annum after maturity. '
; In tl~e event of prepayment, a deduction from the amount due on acoount of unearned
interest shall be allowed. -
~ It is agreed that time is of the essence of this contract and that in the event of default in
payment of any installmettt for a period of thirty days the holder of this note may, at its option,
declare all the remainder of the said debt due and oollectible and any failure to exercise said
option shall not constitute a waiver of the right to exercise the same at any other time. In the
~ event of default in payment of this note and if the aame is placed in the hands of an attorney for
collection, I, we, or either of us agree to pay all coats of collection, including a reasonable attorney's
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointly and
severally agree to any extensions 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. i
I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hereto,
agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demaz?d, protest and non-paymen~
a/ ) ~ ;
~ a/ ~ SEAL)
and agrea:
l. To make all payments required bq that note and thia mortgage prompdy when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when
due. If they are not prompdy paid the Mortgagee may pay them without waiving the option to
foreclose, and such payments, with interest thtreon from the date of payment at the same rate as
specified in that note, ahall alao be aecured by thia mortgage.
3. To commit, permit, or suffer no waate, impairment or deterioration of the mortgaged
P~p~Y• ~ i
4. To pay all expenses nasonably incurred by the Mortgagee because of failure of the ~
Mortgagor to comply with the agreementa in that note or thia mortgage, including reasonable ,
attorneys' feea. The cost thereof, with intereat t6ereon from the day of payment at the same rate
as apecified in that note, ahall alao be aecured by t6ia mortgage. i
BOCK ~ t~if ~~z'
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