HomeMy WebLinkAbout2520 ° ~
' ~ ~
~~~~1 ~
- ;
" MORTGAGE ~
.
G w '
.
the mortga r. in consideration of the princi um apccified iu the promissory no
hereafter described, received from HOLIDAY O IN AMERICA AT ST. LUCIE, INC., a !
mrporation organized and existin uuder the I.awa of the Swte of Florida, the Mortgagee, hereby 1
on thia day of _~Lb.~L~ . 19~, mortgages to the Mortgagee t6c real
property in St. Lucie County, Florida, deacribed aa:
Condominium Parcel: Block Lot of HOLIDAY OUT
AT ST. LUCIE. a oondominium, acoording to the Declaration of Condo-
minium thereof recorded in Official Recorda Book 168 at page 1348, of
the Public Reo~rda of St. Lucie County, Florida. As provided ~or by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Statutea, 1965 Et. Seq.) said description in thia o~nveyance includea,
_t ;;,j b~t is not limited to, all appurtenances to the oondominium parcel above
. ;,~,,r~;,Y descxibed, including the limited oommon elements assigned thento and
F'. inciudin the undivided interest in the common elemtnta of said condo-
re,:~. ~ _.e:~ g
mu~ium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promiasory note of which the following is a oopy:
~ , Florida, ~11~~, 19~.
For Value Received, I, we or either of us promise to pay to the order of HOLIDAY OUT
IN AMERIGA AT ST. LUCIE, INC., at Post Office Box 161, Stua ~t, Flori an other p ce
.
the 6older hereof may designate in writing, the aum of
Dollara, which indudes intereat on the rincipal amount loaned, payable in '
~ equal oonsecutive monthly inatallmenta of ; each, and the firat !
installment to become payable on the day of ~ , 19~, and
one such inatallment to become due and payable on t6e day of ~ succeeding month ;
until the whole of said indebtednesa is paid, with incerest from m+~~-. ~
at the rate of _~p__ per cettt per anuum after maturity.
In the event of prepayment, a deduction from the amount due on acoount of unearned
i intereat shall be allowed. ~
It is agreed that time is of the essence of this contract and that in the event of default in
E payment of any installment for a period of thirty daya the holder of thia note may, at its option,
` declare all the remainder of the said debt due and collectible and any failure to exercise said
option shall not oonstitute 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 costa of oollection, including a reasonable attorne}rs '
fee. In case payment shall not be made at maturity, the makers, sureties and endorseis joindy and
severally agree to any 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.
I, we or each of us, whether principal, security, guarantor, endorser or other party hereto,
agree to be jointly and scwerally bound. I or we, each further waive demand, pmtest and notice
of demand, protest and non•paymen~
a/ (SEAL)
~ and a/ ) ~
agrea: ~
~
1. To make all payments required by that aote and thia mortgage prompdy when due.
2. To pay all taxes, assessments, liens and encumbrances on that property prompdy when
due. If they are not prompdy paid the Mortgagee may pay them without waiving the option to i
foreclose, and such payments, with interest thereon from the date of payment at the same rate as ~
specified in that note, s6all also be secured by this mortgage. '
3. To commit, permit, or suffer no waate, impairment or deterioration of the mortgaged '
ProPertY•
4. To paq all expensea reasonably incurred by the Mortgagee because of failure of the ~~u
Mortgagor to comply with the agreementa in that note or this mortgage, including reasonable ~`V
actorneys' fees. The coat thereof, with intereat thereon from the day of payment at the same rate q ~
as apecified in t6at note, shall alao be aecured by thia mortgage.
~o •
~a~x ~ P~c~~~~ ~