HomeMy WebLinkAbout2097 . . 3,.~~
~ MORTGAGE 18c~Z~0
William Ball and wife Ma~__B. __Ball_
the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT 1N AMERICA AT ST. LUCIE, 11\C., a
corporation organized and existing under the Laws of the State of Florida, the Niortgagee, hereby
on this ___30th__ day of ___________~~p~emtLe~_---, 195~__, mor~gages to the Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block B_____, Lot ~~__16-_--- of HOLIDAY OUT
i n~, v~nov~'fwke ~~r~~~?~tdAT ST. LUCIE, a condominium, according to the Declaration of Condo-
~;~Q.~„~3 i~:0~~ e. ~inium diereof recorded 'ui Official Records Bocak 168 at page 1348, of
K N~,~ P, j
E n N, the Public Records of St. Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes,
but is not limited to, all appurtenances to the condominium parcel above
described, including the limited common elements assigned thereto and
including the undivided interest in the common elements of said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
~~~00. 00 Je~~sen Beach, Florida, ~~temb~~ , 19~2.
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 holder hereof may designate in writing, the sum of __Six Thousand Five__Hundred_
and 00 100 Dollars,~
fch-includes interest on the rinci I amount loaned, payable in
59 equal consecutive monthly installments of ~1~8
~ 3~______-_-_~ each, and the first
installment to become payable on the _ 3 0t h ~y of Octo ber 19 6 9 and
one such installment to become due and payable on the ___30th__ ~y of each succeeding month
~ until the whole of said indebtedness is paid, with interest from _ S~~~~~er ~,969
' at the rate of -6_ per cent per annum after maturity. Final payment of $109 .12.
In the .event of prepayment, a deduction from the amount due on account of unearned
interest shall be allowed.
It is agreed that time is of ~ the essence of this contract and that in the event of default in
payment of any installment for a period of t6irty days the holder oE this note may, at its option,
declare all the remainder of the said debt due and collectible and any failure to exercise said
option shall not constitute a waiver of 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 of an attorney for
collection, I, we, or either 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 endorsers jointly and
severally agree to any extensions or renewals without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbearance of payment had been made or granted.
I, we or each of us, whether principal, security, guarantor, endorser or other party hereto,
' agree to be jointly and severally bound. I or we, each further waive demand, protest and notice
of demand, protest and non-payment~ ~
S~ William Ball (SEAL)
- - s~ Mar~ B. _ Ball (SEAL)
~ -
and agrees:
~ 1. To make all payments required by that note and this mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances on that property promptly when
due. If they are not promptly paid the Mortgagee may pay them without ~vaiving the option to
foreclose, and such payments, with interest thereon from the date of payment at the same rate as
specified in that note, shall also be secured by this mortgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~ property.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
Zlortgagor to comply with the agreements in that note or this mortgage, including reasonable
attorneys fees. Th _ cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured by this mortgage. ~ R~82 PACf ~13~
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