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MORTGAGE
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the mo , in oonsideration oE the principal aum :pecified in the pm~niaaory note
hereafter deaaibod. re~ceived from HOLIDAY OUT IN AMERICA AT ST. LUCIE, ING, a
oorporacion o iud and exiacin~ under the I.awa o~ State of Florida, t6e Mortga~e, 6treby
on thia __.~~~day of ,~.,r~~~ • . 19~~ mortgagea to the Mortg~gee the real
pmprrty in S~ Lude C~unty, Florida, described as:
GoY?dominium Paroel: Block Lot i~_ of HOLIDAY OUT
AT ST. i.UCIB, a ow?d~ominium, aooording tro the Declaration of Condo- ?
minium thereof reoorded iu Official Reo~re4 Book 168 at pag~e 1348, of
the Public R~oorch of St Lucie County, Florida. As pmvided fo~ by t6e
Candominium Act of the Statutes of the St~te of Florida, (ChApttr 711, ~
Florida Statuta, 1965 EG Scq.) aaid dea~xiptiaot in this aonve'anae iacluda,
but ia not limited to, all appurtenanaa w t6e oondominium parcel above
deaczibed, including the limited o~mmon elmnenta asaigned thereto and
including the undivided interest in the aommon elemeats of aaid oond~o-
nninium. ,
THIS IS A PURCHASE MONEY MORTGAGE
Aa ~curity for the $ayment of the promiasory note of which the fiollowing ia a oopy:
~ir~ ~ gjorida, ~~t/ . f
Z ~ 19~
For Value Received, I, we or either of ua promiae tio pay to the order o# HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Offioe Box 16~
tua~yt,~~orjd.a, or y 9th,er pla~e
the holder hereof may designate in writin& the aum of T( a/ ~.~eJ
~N~~ ' Ilais, which includea interest on the principal amouu loaned, Pa7rable in
_-~o. ~ equal oonsecutive moathly inst~ents of ; each, a~d~ firat
inatallmeat to beaome payable on the day of ~a~ , 19 , and
one auch inatallment to beoome due aad payable ~ th~ day of each a~uooecd~x~g month
until the whole of aaid indebtedneaa is paid, with intereat from .?a.~? ./t ./l~f 1
at the rate af ~ per owt per annum after mawrity.
In the event of prepaymeat, a deduction fro~m the amount due on a~oo~unt of unearnal
~ interat shall be allowod.
It ia agreed that time ia of the easenoe of this oontract and that in the event of default in
payment of any inatallment for a periad of tLirty daya the holdtr of this note may, at ita optio~,
doclare all the ranainder of t6e aaid debt due and oollectible and anq failure w exercise aaid
option shall not constitute a waiver of the right to exerciae the same at any other tin~e. In the
evmt of default in payment of this note and if the aame u placed in the handa of an attornty for
aollection, I, we, or either of w agree to pay all coats af collection, including a reawnable atwrne~a
fee. In caie payment. ahall not be made at maturity, the makers, sureties and endoraera jointly and
arverally agree w~ny extensiona or renewala without further notice, binding ouraelvea for payment
thereof, aa if no ~Ktena~ons of time or forbearanae of payment had beea made or graated.
I, we or eadi of us, whether principal, security, tor, mdoner or othtr par~? herew,
agree to be joindy and aeverallq bound. I or we, each er waive demand, proteat and noace
of demand, protat aad non-paymm4
7hM 1n.ht.e~«+~ P..vd•s ~r \
11011011Y OU7 = ~S~j''/
P. O. Crawa ~q
l.rw.n i~edR tbr+aa ~
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1. To mate all payments requirod by that note and thi: mortgage promptly whe~ due
Y. To pay all tua, ~ena, liena and encumbrances on that property pro~pdy v~rhm -
due. If they ue not prompdy paid the Mortgagee may Pay them wichout waiving the option t,o
foreclose, and auch papmmts, with iat,er~at t6areon from the date of papment at the ~ame rate as
specified in c6at iwte, sball also be saurod b~r this mortgage.
3. To oo~mit, permit, or suffer no waate, imptiTmenc or decerioration of the mortgag~od
PI'oPertl'• ~
4. To paT all expense~s rea~onabl~ incurred b~ the Mortgagee bocau~e of bilure of tbe
Mortgag~r w aomply ~it6 th~ agnemmts in that note or thia mortgaSe~ includinig reawnabk
attoraey~ fea. 'I'be oost thereof, writ6 intereat t6ereon b+~n the day oE payment at th~ same rate
~ speci~ed in that note, shall al~o ~e secund 6~ thn mortgage. s
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