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HomeMy WebLinkAbout2101 . / , ~o MORTGAGE 1u~2~2 DON P. DENNY and wife, HELEN J. DENNY _ ~ f the mortgagor , in consideration 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, hereby on this ---5th----- daY of ---Septembex--- 196~__, mortgages to the Mortgagee the real property in St. Lucie County, Florida, described as: t n; , l Hs~~~•~} ~'~,~".•~ndominium Parcel: Block ____4__________, Lot i___ 9_._____ of HOLIDAY OUT y N.~ h v~T^Ob1 ~ AT ST. LUCIE, a condominium, according to the Declaratibn of Condo- \Cr o x..: ~1 ~n N, minium thereof recorded in Official Records Book 168 at page 1348, of 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, 19&5 Et. Seq.) said description in this mnveyance 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 tiie common elements of said condo- minium. ~f THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following is a copy: ~ 6,370.00 , Florida.Se_ptember 5, , lg 69 , 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 3 as the holder hereof may designate in writing, che sum of __Six_Sho.usand_Ihree_~iun~r~d_~ettenty ~ and 001100--`___ Dollars, which includes interest on the principal amount loaned, payable in ~ 60 ~ual consecutive monthly installments of ~ 106 .17 each, an~ the first installment to become payable on the _ 5th~ ~y of OctOber_!_i _ 1g69____, and - ~ one such installment to become due and payable on the day of each succeeding month ~ ~ until the whole of said indebtedness is paid, with interest from _____S~eptemher--5-,-19b9------- , at the rate of 6___ per cent per annum after maturity. ~ ~ In the event of prepayment, a deduction from the amount due on account of unearned f ~ 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 the holder of 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 2 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. ; z 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 rth wai emand, protest and notice ~ of demand, protest and non-payment. l ~-t~ ~ ~ s~ on P. Denny. (SEAL) ~ r i Helen J. Denny a_~~ti~/~S~L) ~ and agrees: ~ ~ 1. To make all payments required by that note and this mongage 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 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. - S. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged ' ~ ~ property• ~ ~ 4. To pay all e~cpenses reasonably incurred by the Mortgagee because of failure of the - ~ Mortgagor to comply with the agreements in that note or this mortgage, including reasonable g ~ 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. ~ 0 k 1~~ PAGf ~Q~7 ~ r BOUK - =M ~-r ~ _ _ = _ _ _ - .