HomeMy WebLinkAbout1542 . MORTGAGE
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t6e morcgagor . in oo~ideration the prin 'pal sum apaiEied in the _ P rY u .
htreafter deacxibed, received from HOLIDAY OUT IN AMBRICA AT ST. LUCIE, INC., a '
oorporatio~n organiud and exist drr the awa of~t6~~Scate of Florida, the Mortgagee, htreby
on thi: day of T. ~j ~ , 19 ~ mortgaga w the Mortgagee the real
pmperty in S~ Lucie County, Florida, deacribed s~:
• Coadominium Paral: Bloclc Lot / 2 S of HOLIDAY OUT
- AT ST. LUC1E, a o~ndominium, aaoording ~o the D~clatation of Condo- ;
minium ther~of n+oorded in Official Reeorda Book 168 at pag~ 1348, ~
the Public Reoords of St Lucie County, Florida. As provided for by the
Condomuuum Aa of the Statutes ~ the State of Florida, (C6apter y 11, ~
Florida Statutea, 1965 EG Scq.) aaid deacription in thia oonvejrana includa,
but is not limited to, all appurtenaac.es w the aoudominium paroel above
deaQibed, including the limited oommon elezaeats aasignod therew and
including the undivided intereat in t6e ~mmon elementa of said aond~o-
miuium. '
THIS IS A PURCHASE MONEY MORTGAGE
As aecurity for the~ayment of tlie promissory note of which the following ia a y: #
~ pd, .r=- ~'~,i,~~orida, 19~~ ~
For Value Received, 1, we or either of us promiae to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Office Box 161, S Flon , o~/
any other~plaoe ~
e ho f d te in writin the sum o'~~~!~~ ~~o~fa~+d
Y ~a &
~ llara, which inciuda interest on the principal amount loanod, payable in
Q Ob
~ equal o~nsecutive monthly inatallmeuts of ; ~t -S- ea~h, and the first
inatallment to ba~ome payable on the day ~ , 19..~
~ and
one such installment to beoome due and payable on the day of ' g mon
uatil the whole f aaid indebtednesa is paid, with ineereat from , at ~/1~
at the rate of ~ per cent per annum aftra maturity.
~ ln t6e event of prepayment, a deduction f=+om the amount due on a~oouunt of unearned
intereat ahall be allowed.
It is agreed that time ia of the essencx of thia aontract and that in the event ~ default in
papment of any installment for a period of thirty daya the holder of this note maq, at its option,
declare all the remainder of the said debt due and oollcctible and any failure w exercise said
option shall not oonatitute a waiver of the right tv exerciae the same at any other time. In the
event of d~fault in payment of this notc and if the aame is pL~ced in t6e Laz?ds o# an auorney for
aollection, I, we, or eit6er of ua agree to pay all coats of oollection, including a reaaonable atwrn~s
fee. In caae payment ahall not be made at maturity, the maken, sureties and endoraera jointly and
stvrrally agree w anq entensiona or renervals without furthtr notice, binding ourselves ~or payment
thereof, as if no extensions of time or forbearaace of papment had been made or graat,ed.
I. we or eac6 of ua, whether principal, Kcurity, guarantor, eadoraer or other party hrreto,
agree to be joindy and acwerally bound I or we, each further waive demand, pr~test and notioe
of dtmand, pr~tat and n~-paymen~ ~ .
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T?~U 1 ~ V~ ~d b~? , ~SF.AI.~
P. 0. Oro.~r M7
Jrrw~ aoch~ flotida ~31i~ s/ \S~j'~
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1. To make all payments required by that note and t6ia mortgage prompdy when due.
• Y. To pay all taxes, aasessmmts, liens and rncumbrances on that property pmmpdy whm
due. If they ue not prompdy paid the Mortgagee may pay t6em without waiving the apti~ w
foreclo~ and wch payments, wit6 interest t6treon frann the date of paymrnt at the aame nte u
~ed in that note. ahall also be saured by thi~ mo~rtgage.
3. To co~mit, permit, or suffe~r no wa:te, impairment or deteriontion of the mortgagad
P~P~f•
4. To pay all acpensa ra~onablp incurred by the Mortgagee baause vE failuse of t6e
Mortgagcrr to ao~nply wich the agreements in that note or t6is morcgzge, iacluding rasonable
actorney~ fees. 1'6e eo~c chereof. witL intenat ther~oa frotn the day of payment ac t6e ume nce
~ tpecified in thut note. s6a11 also be 'enu~ed by thi: mortgaag~e. .
~~~~r ~~540
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