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~ ~ 1ViORTGAGE
' N I~uW ~ ~`t ""r~
the mortgagor . in aonaideration of the principal sum :pecified in t6e pmmiseory note
hueafter dacribed, received from HOLIDAY OUT IN AMBRICA AT ST. LUCIE, INC., s
oo~pontiou orga~aiud and__~~!ng~under ~he Ia~w~ of the Swte of Florida, the Mortgagae, hereby ,
on this daj o~ 71~• ~ f , 19.~., mortgaga to~he Mortgagee t6e n~l. -
P='OP~1 in S~ Lucie County, Florida, deacribed aac
CAndominium Paroel: Block , Lot / ~ ~ HOLIDAY OUT
Tti ~ b 1N s~r •~w w~' AT ST. LUCIE, a condominium, aaording t~ t6e Declaration of Condo- '
e` q., c? ti y minium ~ thereof reaorded in Official Records Book 168 ac page 1348, oE - .
-~e the 1'ublic Re~oords of St, Lucie County,,Florida. Aa provided #or by the
Co~dominium Act of the Statutea of the State of Florida, .(Chapter 711,
o.~x A~q Florida Statuces,1965 EG Seq.) said description in t6ia oonveyance iucludea,
KK o,~ ~lt~ 1e?Fn ~ but ia not limited w, all appurtenances w t6e oondominium parcel above
- descxib~d, including the limiced ~mmon elementa a~aignod t6ereto and
including the undivided intereat in the oommon elemeata of raid aondo-
minium. .
~ ~ THIS ~IS A PURCHASE MONEY MORTGAGS
As ~curity for the payment of d~ -?romisaory not~e of which the following is a o~py:
f ~L o o, . .S •Y . Fiorida. ~i• ~ , 1~=-
For Value Raocived, I, we or cither of iu promiae t,o pay w the order ~ HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Offiae Box 161, Stuart,~°
~n or any other p~„
as the holder hereof ma in writin
g, the sum of 7'`~'rra•~~ I~••.•• ~J•~~
y d~gnat~
` Dollais, whic6 includa intereat on the priaci a~?ount loaaed, PaYable in
G o equal aanaec.vtive monthl~r innallments of ~ tach, wd the firat~
-installment t~o booome payable on the day o# /1?2/? : , 19~, and
one auch installment to beaome due and payable an the _.,C~ day ~ e~ch suaxeding month .
until the whok said indebt,edaess is paid, with int,erat from ••,rt ?o. / 9 ~v
at tLe nLe of ~ p~r oes?t p~z annum aftrer maturity. - s
. .
{ In the eveat of prepayment, a deduction from the amount due oa a~ooount of uneamed
interest :hall be allowad. . ~
It ii'agreed that time ia of the esataae of thia oantraa and that in the evart of default in -
PaTment of any inatallment for a, period ~ thiity daqs the holder ~ this nou may, at ita option, ~
doclare all the rtmainder ~ the said debt due and oollectible and any failure to exercise said
option :haU not o~nstitute a waiver of the right t,o cxerciae the aame at any other ~ tim~. Ia the
event of default in papmrnt of thia note and if the aame ia placed in the haada of an auorney for
oollecuon, I, we, or either of us agret to pay all coaa of oollation, ;ncluding a reasonable auornep'a .
_ fee. In case pa~ment a6a11 not be made at nnaturity, the maken, suretia and mdorae=s jointly and
severallY agree to any extensivna or renewals without further notice, bindiag ouraelves for paymmt
thtnof. aa if no extensions af time or forbeuanex of payment had been made or granted.
I, we or each of na, whethrr principai, security, guaranwr, endorsrr or other party herew. -
agree to be joindy and aeverally bound. I or we, each fnrtLer waive demand,. prot~eat and noticx
of demand, proteat and non-paymen~
. C ~ l0: (S~,I.)
S~~ _
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l.. To make all payments required by that note and thi: mortgaSe Pr'°mPdj wLtn due.
2. - To pay all taxa, assaunenu, liez~s and encumbranca on that property prompdy ~?hw
due. If they ue not prampdy paid the Mortg~gee maq Pay t~?em wichout waiving the option co
, fonclose, aud auc6 paymeats, with interat thereon from the date of pa~rment at the aame rate aa
~ocif~ed in that not~e. ~hall al'o be saured by this mortgage. •
S. To oommit, permit, or auffrr ao ~ra:te. impairment or deterioration of t6e morcgaged
P~'OP~l'•
4. To pay all - acpensa naaonabl~! incurred by the Morcgagee becaux of failure of the -
Mortga~or to oomply with the agreemeats in tbat note or this mortgage,, includix~g reasonable _
atcozaeys' fees. T~ cac cheroof. with incerac t6erean from che day oE payment ac the same race
~~pa~ified ia that notr. shaA aLo be ~ecurcd bp this mortgage. .
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