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~ ~ • 18a7'25
~ MORTGAGE
a T ; w, e .~d ~.vc ~c ~ v c;,v o' w.'d~
,
the ortgag~or , in cousideration of the principal awn spaified in the pmmiswry notc
hereafter d~acribcd, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
oorporation organi~ed aud exiating under the Laws of the State of Florida~, the Mortgagee, 6erebq
on thi: day of r~
s_~..~! , 19.~e~, mortgag~a w the Mortgagee the real
pmptrty in S~ Lucie County, Florida. dGSCribed ae:
Condominium Parcel: Block Lot ! of HOLIDAY OUT
; `
i~~ AT ST. LUCIE, a oondominium, aooordiag to the Declaration of Condo-
~ minium ther~of reoorded in Official Recorda Book 168 at page 1348, of
<<' ~ the Public Reaorda of St Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida. (Chapter 711.
Florida Scatutea, 1965 EG Seq.) aaid description in this oonveyance includea,
but is not limited to, all appurtenancea to the aondominium paral above
deacxabed, including the limited common elementa aasigned t6ereto and
~rnd r~ ~•v•+ w
t{a~a?v ovr including the undivided intereat in the oommon elements of aaid aando-
P. O. Draw~ i17 ~IIlII11l1II. -
1~rucn 6socf4 florido iiWl,
i;enry P. Og1e~ THIS IS A PURCHASE M0~1EY MORTGAGE
Atty. _
A~ sccuritq for th
oPalrment of the promissory note of which the follo ' ia a ~opy: '
• ,-.~~•~tt~• (~t s ~ ~ , Florida, a 19.-.1
For Value Reoeived, I, we or eithrr of us promise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Pou Offioe Bo~c 161, S , Florida, orap
y other plaoe
aa the holder h omay designate in writing, t6e aum of T~s~•~ K~~cri?~~
/~/.:~e T t DoUan, which includes int~e~+eat on the principal amount loaaai, Payable in
G o _ equal aonaecutive monthly inatallmenta of i G~ ~ G each, and the fust
installment t,n beo~me payable on the -l_~ day of ~v~ Q 19
~°~and
one such installment w beoome due and payable on the r~ day af each auoceeding month
until the whole pf aaici iadebttdnea~ is paid, with interac from /~'l zv r_ ~ 7~ 9
at the rate of ~ per oaat per anuum afttr maturiq?.
ln the tvent of prepajrment, a deduction from the amount due on aoo~unt o~ une~ned
~ in~t ahall be allowed.
It ia agrecd that time ia of the essenoe of thia oontraa and that in the evcnt of default in
payment of any installment for a period oE thirty daya t6e 6oldtt of this note may, at its option,
! declare all the remainder of the said debt due and collectible and aaq failure w exercise said
option shall not o~nstitute a waivrr of the right co exerciae the same at any other time. In the
rveat of default in payment of t6is note and if the ~me ia placed in the 6anda of an attorney for
oollection, I, we, or either of us agree to pay all coeta of eollection, including a reaaonable attorne~:
fet. Ia caae payment shall not be made at maturity, the makrn, suntiea and tndorsrra joindy and
aeverally agree w any extensions or rcnewa4 wit6out further notice, binding ouraelvea for payment
thereof, aa iE no eztensio~u of time or forbeazance of paymeat had been made or granted. _
I. we ar each ~ ua, whether priacipal, iccurity. guarantor, mdorser or o hrreto.
agree w be joindy and severallq bouad. I or we, eac6 waive d notiae
of demand, procat wd non-payineat
s/ . .
)
aad agrea:
l. To make all payments required by tbat note and this mortgage promptly ~rhen due.
. Y. To pay all wca, asaaaments, lieas and encumbrances on that property promptly whm
due. ~ cbe~ an noc prompdy p~d c~e Morcg~~e mar par ~em w;ceouc wai~;ng c~~ opcion w
forcclose, aad :uch p4ymenta, with intereat thercon E~+am the dace o# parment at the ~me nte as
specified in that noce. ihaU also be ~ecurod b7r tbu mor~.
3. To avmmit, permit. or wEfer no ~vaste. imp~irment or dcterioration oE the mortgaged
P~P~1•
~ 4. To pa~ all acprnsa rwonabl~r in~currtd by the Mortgagoe because oE failure af the
Morcgagor ta oompiy ~rith the agrrements in that note or this mortgage. including reasoaable
acwtne~ fea. 'I'he oo~ cherovf. ~rich inccrac t6ereoa fmm che cta~r oE prymenc ac the ,ame race
a~ ~pocified ia that note. shall a4o be savrcd br this nartgagr. .
~ ~178 ~2~78
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