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MORTGAGE ~ ~
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the mortgag~r , in oonsideration o# the principal aum :pecified in the Pron?issorl ~~te `
hrr~f4Cr deacribed, mxived fmm HOLIDAY OUT IN AMBRICA AT ST. LUC~IB, INC., a
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oorporation organiscd and under the Laws af ttie State of Florida, thc Mortgagc~, Let~tby ~
on tLis dsy of . 19~.~. mortgages ~o the Mortgagee the real ;
P?OP~Y in S~ Lueie Countjr, Floz~ida, desctibed aa: : .
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n~ u~r~+Y ~ w Condominium Paroel: B~ock C-. Lot of I~OLIDAY OUT ~ {
r. a o.a..r eu I
~««?:«a, ee~,, Fio~do ~ AT ST. LUCIE, a aond~minium, aooording oo the Declaration of Cond~o- ;
m?inium thereof reoorded in Official Reeo~ Bauk 168 at page i348, of ~
the Public Reo~rds of S~ Luci~ Counq. Florida. As provid~d ~er b~ the ;
C~dominium Act of the Statuta af the State af Florida. (C~apttr 711,
Florida Statutea,1965 Ew Stq.) aaid deaaripdon in this eo~vtyana~ includes,
but u not limited to, all appurtenanas w the oondom~inium paroel above
deaQibed, iacludiug the limited oommon elemeata aaigned therew and
iacluding the undivided inLtreat in the ooma~on elements vE :aid ooaclo-
aniniu~a4.
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THIS IS A PURCHASB MONEY MORTGAGE _
Aa :ecuri ~o ymeat of the promisaory note of wbich the ~ollowing ' a°°p' .3
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For Value Received, I, we or uther of ua promiae w pay to the orcier of HOLIDAY OUT ~
IN AMERICA AT ST. LUCIE, INC., at Poet Of~oe Box 161, Stuart,~da, or~ an~laoy J
as e holda here~ p d~~ate in writing, the aum o~ ~~•~•d ~ dl.J
~Dollars, W111C~i lIICill~ 3IILC~lSL OA tLC pt1QCt~ aIDOIIIIt IOUId~ P1~iC in ~
G~ equal oonsautive montlily inatallmmts o~ each, a~d the first t
instalimeat to beoome payable on the day o~ . 19~ and
one auch inacallment w beoo~ne due and payable on the day of ~ch ~aoooedin~
~th
until the ahok of said indebtcdne~ is p~d, with inter~ ~m ~eC /5+ 8
at t}1C ?1t+~ Of ~~C!' ~t pC!' BIIIIll~1 afLCT IDStUrltjl.
In the event of Prepalment, a dednction fi+o~m the amount due on aooount a# unearned
inter~st a6all be allowad.
It is agreod that time is of the easenoe o# thia oontracx and that in the eveat ~ default in
payment of any inatallment for a period o~ tLirty daya the holder of thia note may, at its optio~,
declare all the remainder of the aaid debt due and o~llaxible and any failure w acerciae aaid ~
option s6all not ~natitute a waiver of the right w e~ctr+ciae the aame at any ot6er time. Ia the ~
evmt of default in payment of this notc and iE the aame is plaved in t6e handa of aa acwrney for -
oollation, I, we, or either of ua agree to pay all costa of o~llection, iacluding a reatonable auo:ne~s -
fee. In case paymant ahall not be made at maturity, the makers, auretiea and endorseis joindy and
aeverally agree w any extenaions or renewals without further notiae, biading ourselvea for paymeat
tha~f, as if no extenaions o£ time or forbearanoe of pajrmeat had been made or granted.
I, we or each of ua, whether principal, `saurity. guarantor, md~oraer or other party hrnto,
agret to be joind' and aeverally bouncl. I ar we, each fu ' e demand, p and n+~tice
of demand, prQiest and non-payment~
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and agrea:
1. To make all payments required by that note and thia mortgage promptly when dne.
2. To pay all taxes, aaa~nnenta, licns and encumbrances on that Pr°Pert1 Promptly when
due. If thcy are not prompdy paid the Mortgagce may PaY them without waiving the option w
forecloae, and such paymenta, with intereat thereon from the date of paymrnt at the same rau at
specified in that nott, sLall. alao be :ocured by this mo~rtgage.
S. To oomwit, permit, or auffer- no waate, impairment or deterioration of the mortgaged
PI'OP~7• .
4. To pay all eupenaea reaaonably iacurred by the Mortgagee because of failure oE t6e
Mortgagor to aomply with the agreementa in that note or thia mortgage, including reawnable
" atwrueq~' fea. 'The ao~t thereof, with interat thrreon from the dar of paynnent at the aame rate
aa specifiat ia t6u note, ahaU alao be aa.vred by t6ia mortgage. ;
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