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• MORI,GAGE ~
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t6e mortgag~or , in oonsideration of e principal aum apecifi~d in the prom~sory note ~
hercaft~' descx~ib~d, r~oeivod from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., i ~
o~rporatian organized and exia ' und the Lawa of the State o~ Florida, the Mortgage~, hereby
~ at c~ , 19.~, mortgagea to the Mort,gagee t6e real
PI'°P~7' in St Lucie Counhr. Florida, described s~a:
11rV~ MMe~ww~f h+~M ir ;
?+a~a?r our Coad~ominium Pamel: Block I ot f~.~ of HOLIDAY OUT j
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minium thtreof reoordtd in Official Reoords Boot 168 at page 1348, o~ ~
the Public Records of St Lucie County. Florida. Ae pmvided ~or by the
Condominium Act of t6e Statutea af tht State of Florida, (Chapttr y 11,
Florida Statut~.1965 Et, Seq.) said description ia this oonveyance includa,
but ia not limited to. all appurtenances .to the oondominium paroel above
described, including the limitcd oommon elemenb asaigned thereto and
iacluding the undivided int,aest in the ~mmoa eltmmts of said oando- =
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minium.
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THIS IS A PURCHASE MONEY MORTGAGB ~
As aecurity Eor tbe payment of che promiasory note of which the ~llowing ia a ao y:
~.~g9. ~i 5~,..T , Floria,, af~ ~9.~
For Value Receivad, I, we or either of us pmmiae ~ pay to the ordar of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Offiae Box 16,,1,t S Flon , or any y~p~
' aa e holder hereof may designate in writing, the tum of ,G.1et ~~~s ~w~Q„t .~i ~d
~-~~ollara, which includes int,erat on the prina al amount loan~ed, pa~rable in
oqual aonaecutive mont6ly inatallmmta af ; each, and the firat _
inatallmeat to booome papable on the -L.~ day`~ ,G~o~ , 19~, aad
one such in:tallment to beoome due and payable oa the -L~ day of cach suooeodin8 munth
until the w6ole of said indebtednesa ia p~id, with iattrest fmm t~_~~G ~
at the rate o~ ~R. per oent per annum aft,er mawrity: '
earn d
In the ~vent of prepaymeut, a deductvo~n fro~m the amount due on aooount of unearnad
inttreat ahall be allowai.
It is agn~od that time is of tLe easwce of this eontracc and that in the event af default in
pajrment of any installmeat for a period of thirtp daya the holder of this note may, at its opti~,
dociare all the remainder of the aaid debt due and oollectible and any failure w exercise said
option ahall not aonatitute a waiver of the rigLt to acerciae the same at any other. time. Ia Nie
event of default in payaient of thia note aad if the aame ia placed in the handa of an attomey for _
aollection, I, we, or either of us agret to pay all coata of aallection, including- a reasonable attorne~a
fee. In case pa'ment ahall not be made at maturicy, the makeis, aureties and endorsera joindy and
severally agree w anq extensions or renewals without further notice, binding ourselvea for papmeat .
thereof, aa if no excensions of time or forbearanoe of payment had been made or granted.
I, we or each of ua, whether principal, aecurity, guarantor, endoraer or other party hrreto,
agree to be joindy and aeverdlly bound. I or Nre, each er waive demand, proteat and notice
of demand, protat and non
pay~nmt ' .
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and agraa: ~
1. To make all payments requised by t6at note aad thia mortgagt prompdy when due. -
2. To pay all taxes. aaxasments, liens and encumbrancea on t6at property prompdy whm
due. If they are not pramptlq paid the Mortgagee may pay them without waiving the option to
foreclose, and auch paymenta, with interest thereon from the date of pajrment at the aame rate ~
specifiod in that note, a6aU alao be aecured by this mortgage.
3. To commit, permit, or auffer no waate, unpairment or deterioration of the mortgagod
P?OP~y
4. To pay aU e~cpenaa reaaonably incurred by the Mortgagee becauae of failun of the
Mortgagor to complq with the agreemencs in tLat note or thia mortgage, inclnding reasonable
att~rneys' fcea. The cost thereof, with inttrest thereon from the da7 ~ PaYmeat at the same rate ~
a: apecified in t6at noce, ahall alao be :eeured by thia mortgage. ~ 4
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