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Home My WebLink About2477 • ~ ~ 3 tl? 8 ~ 1.$0 MORTGAGE ~ ~ ~ ~ a.v ~~N .v J w: the mortgag~or , in oonsideration of the principal aum sp~cified in the pro~dnissory note hereafttr desc~ibed, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a oorporation,o~~ iud and exiatiug der~~ Lawa of ~e~State of Florida, the Mortgagce. 6ereb~r oa this _~,e'~_ day of ~tL-~ 19~r.;1, mortgagea to the Mortgagce the real pmperty in S~ Lucie Counqr. Florida, described aa: Condominium Pa:+oel: Block Lot of HOLIDAY OUT AT ST. LUCIE, a condominium, aooording to the Declaration oE Condo- , _ • minium thereof reoorded in Official Reoords Book 168 at page 1348, of the Public Reaorda of St Lucie County, Florida. As pmvidcd ~r by the Condominium Act of the Statutea of the State of Florida, (Chapter 711, Florida Statutea, 1965 E~ Seq.) aaid deacripcion ia thia oonveyance includa, but is aot limitcd to, all appurtenances to the oondomuuum paroel above desaibed, including the limited aommoa elemtnts aasigned thereto and including the undivided i.nterest in the common elements of said oando- t:,:s ~nsrti~rt+ent p.eoand b!? ID1II111m. ?iJl1DAV OUT ~ P• °ro""" 8`~ THIS IS A PURCHASE MONEY MORTGAGE 1 _ n Becd+. Florido ~e~`Y ~~lkurity for ~ e payment of the promissory note of wtuch the following ' a ao y: "~tf' ; / 9~ ~ ~r.~+s~+ ~'t.~ ~ Florida, d 19-LQ-l For Vatue Received, I, we or either af ua promise to pay to t6e order of HOLZDAY OUT IN AMERICA AT ST. LUGIE, INC., at Post OffiQe Box 16~ tu~art,,/ Florida, or anr o as t6e holder hereof may designate in writing, the aum oE T~•~,r /~fn~ fa /~/.t.~.e~:,.•t ~ Ua~rs. whic6 includea interest on t6~ princi~ amount loaned, PaYable in equal aonsecudve monchly inatallmena of ~ each, and th~e firu installmmt to beoome payable on the day of , 19.,K~, and one suc6 installment to become due and payable on the daJ of a~ch suooe~ding month nntil the whole of aaid indebt~dnea~ is paid. with interat from --~~~lrfL at the rate of ~ie per cent per annum after maturiqr. ~i In the event of Prepaymeat, a doduction fro~ the amount due on aooount of unearnod ~ int~ereat ahall be allowod. It is agreed that time is of the essencx of this contraa and that in the event of default ia i paymenc of anp installmeat for a prriod of thirty days the holder of this note may, at its optioa, declare all the remainder of the said debt due and oollectible and any failure to exerciae aaid opaon shall not aonuitute a waiver of t6e right to exerciae the same at any other time. In the event of d~ault in pajmnent of this note and if the same ia placed in the hauds of an attornejr for o~llection. I, we, or tither of us agree to pay all coats of oollection, including a reasonable attorn~: ~ fee. In case payment ahall not be made at maturity, the makera, sureties and eadoraers joindy and ~~iy ~ c~ ~r ~c~~o~ w;~uc no~~, binding ouraelves for payrmrnt thereof, a: if no exwisioru of time ar forbearance ~ pajr~ment had been made or grantcd. I, we or each of us. whet6er principal. ~ecurity. guanntor, andorser or otber party henw, agree to be joindy and srverallp bound I or we, each further waive demand, protat and notioe ~ of demand, protat and non-payment s/ • (SEAL) s/ (SEAI.) ~ ~ and agrces' ~ l. To make all payments required by t2~at note and tbis morc8~ P~PVr when due. ~ ~ Y. To paT aU taxea. assesaments. liens and encumbruecra on that P~'OPt~''PaOimP~Y w~ ~ due. If t6e~? are not promptly paid the Mortgagee map pay them without tlraiving the option ta foreclose, and such payments, with interat thaeon from the date of payment at the :ame rate aa ~ ~ specifi~d in that note. ~all al:o be s~cured by this mortga~ge. ~ 3. To commit, ptrmit, or suffer no ~raue. unpairment or decerioratioa of tbe moTtgaged ~ ~ 4. To psy all acprnsa na~onabl~ incurred by che Mortgagee baause af hilure of tbe ~ Morcgagor to rnmply with the agreema?u in that note os this mcnYgage. inciuding reasonable atc~orney~ fea. Ttie oo~ thercof. ~rith incerest t6ereon from the da~ oE payment at t6e same nte a~ :p~cified in that notc. ~hall al~o be ~ecured b~ t!w abwtgage. ~ ~178 ~2474 ~ f ~ n . _ - - ~ .