HomeMy WebLinkAbout1540 . • ;
• ~ . MORT~GAGE ~I.~'~9.~r00
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the mortgag~r , in consideration of the principal aum specified in the promiasory note ;
heres~Eter describ~d, rcceivcd from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
oorporation o and exia~ undrr the Lawa ofJGeL tate o~ Florida, the Mortgagee, hereby
on thi= day of . 19 , mortgaga to the Mortgagec the real
pmperty in St Lucie County. Florida, dacribod at:
Conaominium Paroel: Block 0_, Lot of HOLIDAY OLTT
AT ST. LUCIE, a aondominium. aaoording to t6e Declaration of Condo-
minium thereof recorded in O~icial ReoorcL Book 168 at page 1348, of
the Public Reoords of St~ Lucie County, Florida. As provided for by the
Condominium Aa of the 5wtutea ~ the State of Florida, (Chapter 711,
Florida Statutes, 1965 E~ Soq.) aaid description in this oonveyance includm,
but is not limited w, all appurtenaaa~ to t6e uondominium p~roel above
deacxibed, including the limited oommon elrmenta asaignod thereto and
induding the undivided interest in the aommoa elements of aaid aondo-
miniunn.
THIS IS A PURCHASE MONEY MORTGAGE
As security fior the payment of the promiasory note of rvhich the following ia a ~py:
; • Florida, 191ad
For Value Received, I, we or either of ua promise w pay to the ordrr of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161 S Flo 'da, or th place
aa the
holder hereof may designate in writing, the aum of ~~~~~t _
/-'''lt~=rLS-- ~P Dollara, which includea interest on the princi amouat loanod, PaYable in
(LQ- equal oonsecutive montLly ' ents of ; eaG6, and ~th~ fi~st
inttallmmt w be~me payable on the day of 19_4r~ and
one auch inatallment to beoome due aad payable on the day o# suaceedin month
; until the whole of aaid indebtednas is paid, with int~reat fmm ~~.~ls!_ / 6
'I at the rat,e per oent per annum afttr maturity.
~ In the eveat of prepayment, a deduction from the amount due on aaoount of uneamad
interest ahall be allowed.
~ It is agreed that time is of the esstnce of this oontract and that in the event of defatilt in -
payment of any inatallment for a period of tLirty daya the holder of this note may, at its optioa,
de~lare all the trmainder of the aaid debt due and oollectible and any failure w exercise said
option ahall not ounatitute a waiver of the rig6t to exercise the same at aay other time. In the
event of dtfault in payment of thia note and if the aame ia placed in the hands of aa attomey for
oollection, I, we, or eithrr of u~ agree to pay all coaa o# oollection, including a reasonable atwrne~s
fee. In case payment shall not be made at maturity, the makers, sureties and endoraera joindy and
aeverally agree to any eactenaiona or renewals wit6out furt6er notice, binding ouiaelves for pay?ment
t6ereof, aa if ao eztenaions of time or forbearanoe of payment had bera made or granted.
I, we or each of ua, w~ether principal. securitp. guarantrnr, eadorser or othrr party hereto,
agree to be joindy and severally bound. I or we, each further waive demand, proteat and notice
of demand, prvteat and non-paymwt~
Tf+4 x+ar.a~t r~eoond bl1
ria.~~wY our s/ ($g,AI,)
P. 0. DrawK 847
~w.e ~.«h, Florao xwsf. s/ ~ ~1 (SEAL)
and
l. To make all payments rtquired by tLat note and this mortgage prompdy when duc.
Y. To pay all taxa, asxa~ments, liena and encumbrancea on that Pr°Pert' PI'°mPV1 whea
dne. If they are not promPdy paid the Mortgagee ma~? pay them without waiving the option to
forecloae, and such payantnts, with inctrest thereon from the date of payment at the aame ratr u
apecifiod in that note, shall alao be ~ecured bp this mcmgage.
3. To aommit, permit, or auffer no wme, impairmenc or decrrioration of the mortgagod
P~P~1•
4. To pix all acpenses rwonably incusred by the Mortgager bec:aux vf failure of the
Mortgago~ to comply wich the agreemeaa in that not~e or this mortgage. including reasoaable
atwmey~ fea. T6e eat thereof. wit6 interat tbrnon fc+oan the day of payment at the same rate
as p~ecified in that aote, :hall ala be secu:+ed b~ this mortgage.
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