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MQRTGAGE
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thc mortgagor , ia conaidrration of ine principal aum apccified in the promiaaory aote
htreafcer deacribod, reoeivtd from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., i
oorpontion organiud and exia ' snd the Laan oE the State of Florida, the Mortgagee, hereby ;
on this day of --.~~~?r 19 morcgagea co the Morcgagee the rtal ;
proptrty in S~ Lucie County, Florida, d~cribed as: _
~
Condominium Parcel: Block Lot of HOLIDAY OUT ~
AT ST. LUCIE, a oondomiaium, aooording to the Dcclaration of Condo- ;
miaium thercof recordcd in Official Records Book 168 at page 1348,- of
the Public Roo~rda of St Lucie County. Florida. As provided for by the
Condominium Act of the Stat~tes of the Statt of Florida, (C6aptar 911.
Florida Scacutes, 1965 Et, Seq.) raid deacription in cLis oonveyanae includes,
but is not limited to, all a~purtenances to ~he a~ndominium pamel above
deacribed, including the limited oommon elements assigned thrreto and
including the undivided interest in t6e o~mmon elementa of said oondo-
miniunn.
THIS IS A PURCHASE MONEY MORTGAGE ~
As aecurity for the payment of the pmmissory note of wLich the following ia a oop •
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For Value Reoeived, I, we or eithrr of ~u promise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Office Box
16~~ty~rt. Flo~
r y otl~er plaoe
aa the hold f y designate in writing, t6e aum o lh ~ ~~^'a~
- llara, which includes intereat on the princi~ amount loaaed, payable in ~
~o equal aonsecutive monthly installmenta o# ; r- :'a each, and ;he fust
installment to booome payable on the Z S' day'of / , 19 lO , aad '
one auch installment to beaome due and payable on the ~ day of each ioceeding month
until the whole of said indebtedneaa is paid, with intereat from ~_1?~~~ ~ ~ sG g
at the rate of ~ per cent per annum after maturity.
In the c~vent of prepapment, a deduction fmm the amount due on aooount of uneamai
I intrreat :6all be allowed.
E
It is agreed that time is of the essenoe of thia oontract and that in the event of default in
payment of wy installment for a period of thirty days the holder of thia note maq, at ica option,
~ declaze all the remainder of che said debt due and oollectible and any failure to exercise aaid
option ahall not aonatitute a waiver of the right to exerciae the same at any other cime. In the
event of default in paqment of thia note and if the aame is plaoed in the hands of an attorney for
aollection, I, we, or either of us agree to pay all coata o# collection, including a reasonable att,orne~s
fee. In case pajmnent ahall not be made at maturitq, t6e makers, sureties and endorsrt~a joindy aad
severally agree to any extensions or reuewala without further notice, binding ourselvea for paymmt
thereof, aa iE no extenaiona of time o~ for~~rance of pajriment had beea made or grant,ed.
I, we or eac6 of us, whether principal, security, gaamntor, endoraer or other party hereto,
agrer to be joindy and aeverally bound. I or we, eac6 further waive demand, proceac and notice
o# drmaad, protat and non-payment ~
rn;, ~r+sin~w+r ar.p«~e t~? (SFAL)
~IpAY OUT
P. 0. Drwrw N~ •
Jer~w 5wd4 FI°r~d° ~ a/ ~ _Ai ~
. `
aIla ~1[+OCi:
l. To make all paymenta nquired by that note and tdis mortgage pmmptly wh~ due.
Y. To pay all taxea, aasasments, liens and encumbrancea on that PI'°PertY P~PVY whm
due. If thrq are not prompdq paid the bio; tgagee may pay them wichoot waiving the opt~on to
foreclose, aad auch payments, wfth iattrest thereon from the date of payment at t6e sa~me rate ~
specified in that note, :hall also be securtd by this mortgage.
3. To c~mit, permit, or wffer no ara:te, impairment or deterioration of the mortgag~d
P~•
4. To pay all acpa~sn ra'o~nably incusred bq t6e Mortgagee because of failure of the
Morcgag~or co oomply with the agrcemma iw z6at na~e or thia mortgage, including reasonable
atoornep~' ha. The cou thercof. ~vith int~ereat tber~on from the day of payment at t6e same rate
as ~ecified in that note. :hall also be xtvrod by thii mortga~e.
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~~.~j W~~~ PA~E~~~
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