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~ MORTGAGE
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the mortgagor , in consideration of the principal aum apecified in the promisaory note
hereafter describtd, nceived from HOLIDAY OUT IN AMERICA AT ST. LUCI& INC., i
oorposatioo o iztd and t~ciating under t~e Law~s of the
State af Florida, the Mortgagce, htreby .
on this __.~~day of _.G~~ ~ ~r , 19~~ mortgagea to the Mortg~gee the real
P~P~Y ia St Lucie County. Florid~. deearib~ as:
Condominium Pamel: Block aE HOLIDAY OUT
AT ST: LUCIE, a aondominiwn, awo~rding w the Declaration of Coado-
minium thereof rooordod in O~icial Recorda Book 168 at pa~gc 1348, of
t6e Public Reaor~ of S~ Lucie County, Florida. Aa provided for by the
Condominium Act of th;, Swtutea of the State of Florida, (C~haptt~r 711,
Florida Statutcs, 1965 E~ Seq.) aaid description ia thi; ooaveyanae includes,
but ia not limited to, all appurt,enanaa to the oo~dominiwn pamoel above
deacribed, including the limited oammon dementa assignod therew and
including the undivided intcreat in che wmmon elemena of aaid ooado~
minium. .
THIS IS A PURCHASE MONEY MORTGAGE
Aa securitl ~
~ P~'Tment of the promiasory note ? hich following is a aopy: `
~ S~a~. , ~a,, i9~'
For Value Recxived, I, we or either promiae w pay to the order of HOLIDAY OUT
~ IN AMERICA AT ST. LUCIE. INC., at Paat Offioe Box 161, Stuart, Florida, any 4ther,~laoe
as the o here$f may desigaate in writing, the aum of ~Lt .Rra~.~.~,~vJ ~•.ro
r~' Dollara, which includa intereat on the priaci amount loaned, PaYabk ~a a
equal- aonsecutive monthly inatallments of ;~~T e~ch, and t6e fir~
iastallmrnt to booome payable on the day of •.1 ~~vssr , 19.~, and
one anch inatallment to bcoome due and payable on the day of each aua.e~ ' month
until t6e whok said indebtedness ia paid, with intereat from ~ 9~
at the rate of ~ per oent per annnm after maturihr.
II In the event af prepayment, a deducti~ from t6e amount duc ~ aoo~unt of uneazned
inttrest ahall be allowed.
It ia agreed that time ia of the easence ~ t6is c~ontract and that in the event of default ia
paymant of any installment for a period of t6irty days the holdtr of this note may, at ita option,
doclare all t6e remainder of the aaid debt due aad aollectible and any failwre to exerciae said
option shall not oonstitute a waiver of the right t,o exerci:e the aame at any other time. In the
eveut of default in payment of this note and if the aame ia plaoed in the handa of an attorne~y for
~llection, I, we, or either of ua agree to pay all cous of aollection, including a re~onable attorney's
fee. In caae payment shall not be made at maturity, the matera, suretiea and endorsera jointly and
arverally agree to any extensiona or renewah without further notia, bindi.ng ouraelvea for papmeat
themof, ~ if no extensions o~ time or forbearanae of paymenc had been made or granted.
I, we or each of ua, whether principal, ~curity, guarantor. endoraer other party hereto,
agree to be joindy and aeverally bound I or we er ' e an , pr~ and notice
af demand. pr~tat and non~aymeat .
n~. h,.+~,~+.+~ ~we~.d ~r a ` (SF.AL)
HOl10AY Gl1T
~ifll4•~6
florid ~~31'.i~ •
s/ • (SEAL) .
ar~d agt+ed:
1. To make al! paymenca tequirai by that note and this morcgage pmmpcly when due. `
t. To pay all taxes, asaesaa~enu, lieas and encumbranca on that Pi'~P~7 P='°mPVl' a'~ ~
due. If thry are not pro~ptly paid ibe Mortgagee may pay chem wichout waiving che opaon to
foreclae, and :uch paymenu, wit6 interat thereon from the date of payment at the same rate ai
spedfied in that t~e, :hall alao be ~ecured b~ thia mortgage.
3. To oommit, peimit, or suffer no waste, impairmeat or deterioration ~ the mortgaged
P~P~r• .
4. To p~ all acpa~. t~aionably incurred by E6e Mortgagee baauae af failure of tht
Mortgagor w camply with the agreements in that noce or this mortgage. including ra:onable
attoineys' fea. T6e oost thereof, xith incere~t thereon b+om the day of p~?ymmt at t6e ~ame nte
as spai~ied in tbat note, ahall abo be sxur~d b~ t1w mortg~g~e. . ;
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