HomeMy WebLinkAbout0813 M~RTGAGE _
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/ ~ D I
f~Nd ~ w/ . ~N ~S w~ i"~ ~
the mortgag+or . in oonsideration of the principal aura specified in t6e - promi:aury note ~
henaEtxr describ~d, reoeiv~d f~+om HOLIDAY OUT IN AMBRICA AT ST. LUCIE, INC., a
oorpontion organi~ed and }~nder the Laws af thc Stace o£ Florida, the Morrgagec. hereby , ~
oa this 3 ds~j o# e 5• . 19.1~, mortgages w the Mortgagee the rexl ~
property in St Lucie County, Florida. de~tibed as:
~ Condominium Paroel: B~ock __S~_~__, I.ot of HOLIDAY OUT ;
~ a o~..r au {
e.oa~, AT ST. LUCIE, a oandominiwn, aeo~rding to th~ Decluatioa af Condo-
muuum thereof reaorded in O~icial Reeorch $ook 168 at page 1348, ot -
the Public Reaorda ~ S~. Lucie County, Florid~. As provided tor by the
Condominium Aet of the Statutes of the Swte of Florida, (Chapter 711, .
Florid~ Statutea, 1965 E~. Seq.) aaid deacxaptuon in this aonvejrana includa.
but ia not limitod w, all appurtenanaea w the aondominium paroel above
dauibed, including the limited aommon dmnents aasigRCd therew and
iacluding the undividod inoerest in the aommon elementa of sa~d oatd~o-
nninium. ;
;
THIS IS A PURCHASE MONEY MORTGAGS ~
As secu~ity ~ the~payment ~ the pmmiaaory note of arhich the following i~ a~P7=
~ '-S _ / 9 ~asT'~~~ ~t . 3_ ~ 19_--~ ;
Far Value Reeeived, I, we or either of w pr~mise w pay w tlie cirder of HOLIDAY OUT
IN" AMERICA AT ST. LUCIE, INC., at Post Offioe Bos I6,1s Stu~t, Flo or an other~p~
t6e holdrr h ma te in wri ' the aum of ~~Y~ T'~w s~~D~. r~ w.~•~
as ~ Y ~S~
~,Ne~.:t ~~ilars, wbich includes iaterat on the princi amount loanad, PaYable in
6 0 ~qual oonsocutive monchty ia~tallmrnta of ; eazh, and che fira
inuallmeat t,o beoome payable on the day o~ /9v}: ~ , 19~, and ~
aae such inatallmmt to beoome due and payable on the daq of each auaoeeding month ~
until the whole of aaid indebt,ednas is paid, with intenat from _ F~ ~i. 3,~ 9 G 9. _ ~
at tht raee of ~t... ptr oent per annum aft,er maturity.
Ia the eveut of prepayment, a deduction fro~ t6e amouat dut oan awo~unt of uneunad
interest ahall be allowed.
It is agreed that time is o# the eaaenae o# thia oontract and that in the event of default in
Palmcnt of any installment for a period of thirty days the holder o~ this note may, at its optiv~,
declare all the remainder of the aaid debt due and oollectible and any failure w e~cercise aaid
option shall not oonstitnte a waiver of the right to acercise the same at any orher time. In the
eveut of default in payment of this note and if the same is plaeed in the handa of aa attornry for
o~llection, I, we, or either of us agree w pay all coata of oollection, including a reasonable attorne~s
fee. In cau payment shall not be made at maturity. the makera, sureties and endoraeis joindy and
~rerally agree to any extxnaions or renewala without furthet noticx, binding ourselvea for paymeat
thenof, aa if no extensio~ o£ time or forbearanoe af paymtnt ha~d heen made or granted. -
I, ~ve or each o# ua, whether principal. ~ecuurity, guarantar, endorser or other party hereto,
agree w be jointty and arverally bound. I or ~re, each further waive dem~nd, proceat and notioc -
of demand, p~~ and nou-paymmt
s/ (SF.~1L)
~ (SE,AI.)
aad agrea: .
l. To make all paymwa required by that note and this mortg.~ge promptl~r when due. ~
Y. To pay all tues, as~asonmts, lieaa and encumbrancea on that PI'~P~1 Promptly when
due. If they are not P'~P~7 P~ ~ M~r~8a8~ PaY ~ wittwuc waiving the oprion w
foralaae. and such pa~y?mm~. ~vith int,rrest tbtreon from t6e date of payment at tbe aame rate as
specifi~ed 'm thai note, ahaU ala be securod by this mortgag~c.
3. To ao~nmit, pttatit, or ~uffer no wa~te, iwpairment or decerioration of the mortgaged
P~•
4. To pa~ all espmsa ra~unablp iacurred b~ the Mortgagee baause oE failure ot the
Mortgagoz w ao~nply .rith tha agreema?rs in cLac no~e or chis morcgage, includi.ng ra:ooabk
attan~e~ fea. T'~e oo~t thereof, with int,ereat tLereoa fran the day of papmmt at the same rate
is ~ed in tLat note, :6aU also be ~ocured 6~ this n~o~rtgage. ~
~i?7 ~ 8i~ s
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