HomeMy WebLinkAbout0801 i'-,~'
, ~ MORTGAGE '
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thr mortgagor , iw oo~idezacion of the principal sum spc~ified in t6e promiaaory twt~e
hereafter deaQibed, receivc~d hvm HOLIDAY OUT IN AMERICA AT ST. LUCII~, INC.; a
e~o:poration organised and sxu under the I..a~vs of the Statt of Florida, the Mortgagee, het~eby
on th~s Z- Z- da~ of 19..~ morcgages. w_ the Mor~ the ra~i
P~P~Y in S~ LuGie County. Florida, deacribed as:
This I~t~xn~f. ?npor~y b~ n n
~1DJ1Y Condominiua~ Paroel: Bloct Lot 1~.~L_._ oE HOLIDAY OUT
~ans«i~si
~Eanei
~ AT ST. LUCIE, a~ndominium, aooording to the Declaradon oE Condo-
minium thereof rooordcd in Official Reoords &wk 168 u page 1348, ef
the Public R~rd~ of St Lucie County, Florida. Aa provided f~ar by the
Condominium Act of the Statut~es of the Stace of Flarida, (C~haPter 711, .
Florida Sts:uca, 1965 Et Seq.) said desuiptian in chi: a~nve~ranae inciuda, .
but ia not limited w; all appurtcnancx: to the aondominieim paroel abaYe
dea~xibed, including thc limiced aommon elrmenta aasignal t6enw and
incl~ding the u~livided intereat in the o~mmon elemmts of :aid ootido-
miniu~oa. - . ~
THIS IS A PURCHASE MONEY MORTGAGE
As aecuriry far th~~apmmt of the pramis~y note of which the iollowing i~ a oopy:
;_,~,.5 / ~ y~! .~T.rr'~ . Florida, ~ati . 2.2- , 191:¢L
For Value Reaived, we ox either ~ ua promiae t,o pay to the order af HOLIDAY OUT
IN AMERICA AT ST. LUC1E, INC., at Post Offioe Bou 161, tuart, orida, any oth p _
aa the holder Ler~O~of may deaignate in writing, the aam af ~ T~r
Dollara, which iacludea intereat on the
~ . princi aaaouat Ioaued, payabk in
0 eqwl oonaecutive monthly inatallmeuts of ~ e~ch, and the fi~at
installment w beoome payable on the ~,L,~ day of - l7'1 c~. 19_~ and
y
one auch inatallment w booome due and payable on the daq of each auooeeding month
until the whole of :aid indebt~ednes~ is paid, with iateresc from ~,-/a~?.. 2. Z / 9G
at the rate of ~ per ceat per annnm aft~er maturity.
In the event of prepayment, a daiuction frwn thr amount due on aoo~unt of uaearncd
intereat ahall be allowod.
I~ is agreed that time is of che aaenoe of thi; oontracx and that in the evenc of dehult in '
pa'ment of any inatallment for a periai of thirty dapa the holder of this note may, at ita optioa,
doclare all the remainder oF the aaid debt due and onllectible and aay failwr to exerciae aaid .
option shall not oQnatitute a waiver of the right w exa~ciae the aame at any other time. In the
event of deEault in payment of t6is note and if the aame is placed in the hands of an attornty tor
aollection, I, we, ar eit6er o# us agree W paiy all co~ta of aollecaon, including a reasonable attorne~'a
fee. In case payment shall not be made at maw~ity, the makers, :uretiea and endoraera joindy and
arverally agree w aay exte~sio~ or renewals without further notice, binding ouraelvea for payment
thereof, aa if no estenaiona of time or forbearanoe~ of paymeat had been made or grant~ed.
I, we or ~ of ua, whether principal, ~ocurity,, ~uarantor, endorser ar other. party hereto,
agree to be joindy and severall' bound I or we, each' er waive demand, proteat and notio~
of demand, protest and non-papmmt
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aaa agreea: ~
1. To make all paymenta required by dutt note and thia mortgage promptly when due. .
2. To pay aU taxes, asaesatnents, liens and encumbrancea on that property P~P~Y a?hen
duc. If they ue not pramPdy paid t6e Martgage~e may paq t6em without waiving the option w
forecloae, and auch payments, wit6 interest thcreon from thc date of paqment at the aame rate aa
apecified in tLat n~ote, :hall alao be aau:+ed by this mortgag~e.
S. To oo~mit, pttmit, or ~uffer no wa:t.e, innpairment or detrrioration of the mortgaged
Pr'oP~Y•
4. To pay all e~cpa~sea reasonably incurred by the Mortgagee boc:ause of failure of the -
Moitgagor to c~omply with the agrrementa in that note or thia mortgage, including reaaonable
attorneys" fees. TLe aost t6ercof, with intereat t6ereon fi+am the day of payment at the aame rate
as :pecified in t6at note, shall alw be :ecured by t6ia mortgage. ~
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