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HomeMy WebLinkAbout0809 j ~ ~ 1~''~'9~y0 MORTGAGE ~ E~ooil T. ~chaer.er and wife, Dorothq C. Scha~rer~ . the mortgagor , in consideration of the principal sum specified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporatio rganized and existin~ under the Laws of t~~ Swte of Florida, the Mortgagee, hereby on this _ day of _ Navem6er 19 mortgages to t6e Mortgagee the real property in S~ Lucie County, Florida, dc.scribed as: . : ~,-.;~rtun«,t p?cporee D~? HGLIDAY CUT P. o. o.~ s~~ Condominium Parcel: Block ____B , Lot i 3 of HOLIDAY OUT Jer,;,cn 6eody florido ,134b7 AT ST. LUCIE, a condominium, aocording to the Declaration of Condo- minium thereof recorded in Official Records Book 168 at page 1348, of the Public Reeords of St. Lucie County, Florida. As provided for by the Condominium Act of the Statutes of the State of Florida, (Chapter 711, Florida Statutes, 1965 Et. Seq.) said description- in this conveyazice includea, but is not limited to, all appurcenances to th~ oondominium parcel above . described, including the limited common elements assigned therew and including the undivided interest in the common elemenu of said condo- minium. THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following ia a copy: ~ 6,305 . GC Stuart ~ Florida, November 7 ~ lg 68 , For Value Received, I, we or either of us promise W pay w the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Poat Office Box 161, Stuart, Florida, or any other place as the hQ1de ereof may designate ia writing, che sum of S~ Thousand Three Hundred Five 8nd O~~lUG Dollars, which includes int,erest on the rinc~i amount loan 've mon installmenta of ;~5 ~~~y~~~8 te l l- m e n t i n t h 8- a~ m t~~~~ ~t h Decem ber 6~ installment to become payab e on the day of , 19 , and ~ one such installment to become due and payable on the t da~? o each~uar~~i~g month until the whol~ of said indebtedness is paid, with interest from No r ,.yoa at the rate of per cent per annum after maturity. f In the event of prepayment, a deduction from the amount due on account of unearned ~ intcrest shall be allowed. j It is agreed that time is of the essence of this contract and that in the event of default in ~ payment of any installment for a period of thirty days t6e holder of thia note may, at its option, declaze all the remainder of the said debt due and o~llectible and any failure to e~cercise said opcion shall not constitute a waiver of the right to exercise the same at any ot6er time. In the event of default in payment of this note and if the same is placed in the hands of an attorney for collection, I, we, or either of us agree to pay all costs of collection, including a reasonable attorne~s fee. In case payment shall not be made at maturity, the makers, sureties and endorsers joindy 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, we or each of us, whether principal, security, guarantor, endorser or other party hereto, agree to be joindy and severally bound. I or we, each further waive demand, protest and notice of demand, protest and non-payment~ s/ ~J (SEAL) SEAI.) ~ and agrtea: I. To make all payments required by that note and t6is mortgage promptly when due. ~ 2. To pay all taxes, assessments, liens and encumbrances on thai property promptly when due. If they are not pmmptly paid the Mortgagee may pay them without waiving the option to foreclose, and such payments, with interest thereon firom the date of payment at the same rate as specified in that note, shall also be secured by this mortgage. 3. To commit, permit, or suffer no waate, impairment or deterioration of the mortgaged ~ ~ proNerty. • 3 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the Mortgagor to comply with the agreements in that note or this mortgage, including reasonable attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate as specified in that note, shall also be secured bq this mortgage. ~0~~' I 'a~~~~ ~a~ - ~ ,t+ - -:-x - > : ~ ~ ° ~ ~-"'-e`'2 _ . ~'"'~?n. .