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HomeMy WebLinkAbout2099 ~ . ~ . MORTGAGE 189291 d~S ~v (J. ~Y_ a~s w~ K . e morcgagor . in consideration of the principal sum specified in the promissory note hereafter described, received itom HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation organized and existing under the Laws of t6e State of Florida, the Mortgagee, hereby on t6is day of ~ ~ . 19~, mortgages to the Mortgagee the real property in S~ Lucie County. Florida, described as: ~?~.~~R~e ~~ce~•rebb~ Condominium Parcel: Block _ Q , Lot of HOLIDAY OUT ~ 4~ ~ p~` A T S T. L U C I E, a c o n d o m i n i u m, a c c o r din g t o the Declaration of Condo- ~ minium thereof recorded in Official Records Book 168 at page 1343, of . h o x ~ e, N''~ ~ che Public Records of S~ 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 limiced 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 gayment of the promissory note of which the followin a oopy: ~ 19~. ; ~e~a,. , Florida, ~c7 . / ~ , 9 For Value Received, I, we or either of us promise to pay to che order of HOLII)AY OUT IN AMERIGA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, F~lprida, o an~other place as the ol er hereof may designate in writing~ the sum of ~%v~ -T7lnusa.•~ % t~o 'V° Dollars, whic6 includes interest on the principal amount loaned, payable in _Tv equal rnnsecutive monthly instaliments of ~G ` each, and the first installment to become payable on the day of L~~ lMft~ , 19~~, and one such installment to become due and payable on the da~' o~f each succeeding month until the whole of said indebtedness is paid, with interest from ~1' L 4 at the rate of ~ per cent per annum after maturity. In the event of prepayment, a deduction from the amount due on ac.eount 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 thirty days t6e holder of this note may, at its option, declaze 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 attomey 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 joindy and severally bound. I or we, each further waive demand, protest and notice of demand, protest and non-paymenL s/ (SEAL) s~ ~ (SEAL) and agreea: 1. To make all payments required by that note and this mortgage prompdy when due. 2. To pay all taxes, ass~ssnents, liens and encumbrances on that property promptly when due. If they are not promptly paid the Mortgagee may pay them without waiving 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 Mortgagor to comply with the agreements in that note or this mortgage, including reasonable ~ attorneys' fees. The 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. ~ Bo~182 ~20g5 f ~ ~ ~ ~ - - ~ - - a ~ y~ _ . _ ~ .