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HomeMy WebLinkAbout2485 ~ , • ~ . , ~ ~ ~IORTGAGE ~ 18~ ' ~ . ~ G. R. McPHER~ON AND WIfE• A~..~E_~~NERSQ 1~ the mortgag^or . in consideratiun of the principal sum specified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation organized and existing under the Laws of the State of Florida, the Mortgagee. henby on this _ 17th day of Feb~r~? 19 69---, mortgages to the Mortgagce the real ' property in St. Lucie County. Florida, described as: Condominium Parcel: Block __.1C_________. Lot /________ll____ of HOLIDAY OUT ~ AT ST. LUCIE, a condominium, accotding to the Declaration of Condo- ~ minium thereof rerorded in Official Records Book 168 at page 1348, of ~ the Public Records of St. Lucie County, Florida. As provided for by the E Condominium Act of the Swtutes of the State of Florida, (Chapter 711, Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes, but. is not iimited to, all appurtenances to the condominium parcel above described, including the limited common elements assigned thereto and T., ,,r;.,.,~.Mt P~~•~e by including the undivided interest in the common elements of said eondo- i ;•,~r CuT IIllIllllID. P. "v. t~ro~er as7 !~,::a Fleocn. F~«~ao 33457 THIS IS A PURCHASE MONEY MORTGAGE _'-:irv P. Ogle~ -±±,;r~ As security for the payment of the promissory note of which the following is a copy: j.~45Q. QQ , Florida, __._Feh _ 17 , 19_~. For Value Received, I, we or either of us promise to pay to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place as the halder hereof may designate in writing, the sum of ~1BEE_ TH__ ~_~1TF11ll81iIJNDREQ._~_ FIFTY Dollars, which includes interest on the principal amount loaned. payable in INREE equal consecutive ~p~~+ installments of $ 1150.00 each, and the first installment to become payable on the ___1St__ day of __.~r~h___~__W__~____ 1~__ and h one such inscallment to become due and payable on the _lst.________ day of/~h~~dc ~~e~~ until the whole of said indebtedness is paid. with interest from ~ at the rate of _ per cent per annum after maturity. In the event of prepayment, a deduction from the amount due on acrnunt of uneamed ~ interest shall be allowed. ~ i ~ It is agreed that time is oE the essence of this contract and that in the event of default in ; payment of any instaliment for a period of thirty days the holder of this note may, at its option, ~ ~ declare all the remainder oE the said debt due and collectible and any failure to exercise said ~ ~ option shall not constitute a k aiver oE the right to exercise the same at any other time. In the ~ event of default in payment of this note and if the same is placed in the hands uf an attorney for ~ rnllection, I, we, or eithrr of us agree to pay all costs of collection, including a reasonable attorney's fee. In case payment shall not be made at maturity, the makers, sureties and endorsen jointly and ; ~ srverally agree to any extensions or renewals without further nutice, binding ourselves for payment = ~ thereof, as if no extensions of time or forbearance of payment had been made or granted. E ~ 1, we or each of us, whether principal, secutity, guarantor, endorser or other party hereto, ~ agree to be jointly and severally bound. I or we, each further waive demand. protest and notice ~ oE demand, protest and non-payment. ~ a/ R~McPhers~n------------------------------ - (SEAL) r. ~ Alice W. McPherson ~ a/ - (SEAL) : ~ ~ and agrea: ~ 1. To make all payments required by that note and this mongagt promptly when due. ~ Y. To pay all taxes, assessments, liens and encumbrances on that property promptly when rt due. If they are not prumptly paid the Mortgagee may pay them without waiving the option to ~ foreclose, and such payenents, with interrst thereon fmm the date of payment at th~ same rate as ~ specified in that note, shali also be secured by this mortgage. ~ 3. 'To commit, permit, or suffer no waste, imp~irment or deterioration of the mortgaged ~ ~ property. ~ ~ 4. To pay all expenses reasonably incurred by thc MortgaRee because o# failure of the ~ MottgaRor to comply with the agrrements in that note or this mortRage, including reasonable ; :~ttorneYs fees. The ecnt thereof, with interest thercon frum the day of payment at the same rate ~ ~ as specified in that notc, shall ~lso be se+cured by this murtgage. ~ aooK1~ ~ 8 ~248~ _ , . ~ - : ~ _ _ - " .