HomeMy WebLinkAbout1475 , ~ 19`742~: v'
MORTGAGE ,
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the ~mortg~Or . in oonsideration of the principal :um ~:pecified ia t6e promi~ory note
bereaf~er de~cribod, rcceived from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a.
aorpontioa organized and e:~under che I.aws o~ the State of Florida. the Martgagee. hereby
~~~Q._ d~c~ oE e~~ ~ 19.~, morcgages to the Mortgagee the real ~
- property in St Lucie County: Florida, desaibod st:
t Condomiaium Paroel: Block Lot of HOLIDAY OUT
~'k ~ s 1 N srw ~ e~....~- AT ST. LUCIE, ~ o~ndominium, aooordiug w t6e Declaradon of Conc~o-
~~c e~ A•c~ d_ d~ tniaium thereof reaorded ia O~icial Rsoorda Book 168 at page 1348, oE
~:~h~c 1• O l e. ~~blic R~aords of Sk Luci~ Couaty. Florida. Aa provided for by the
~ Ca~dominium Aa of the Statutes of the State of Florida, (Chs~pter ~ 11.
~~O .~o ~ ~y . Florida Statut,a, 1965 E~ Seq.) aaid description in this oonveyACta includa,
1,~•~tox~.li~,
icKn but ia not limited to, aU appurcenaneea w the condominium parcel.above -
daaribed, including the limited ~mmon elemedts~ assignod therew and
including the undivided . intenat ia the oommon elemente of said ~
minium.
THIS IS ~A PURCHASE MONEY MORTGAGB
~ ucuri for the papmmt of the promissory note of whid? the follo a~py. -
3 ~ a}
l , Fiori,da, y~~~.S~._~~
, 19__.l
For Value Reoeived, I, we or either ~ ua promiae to pay w t6e order of HOLIDAY OiJT
IN AMERICA AT ST. LUCIE, INC., at Poat Offiae Box 161, Stuart, rida, pr oth~ /
as the 6oldtr bereof may deaignate in writing, tht aum of d~~ 1~1'~r~~[ ,rw~
~t!~~ ,~v:
v~ Uazs, which iucluda inr,erat on the princi amo t loaned; Palabk in ~
~..A equ1. nwnxcative n~oathly inuallmmts of ~ G~~ each, a~ the fir~
instaZtnnmt w bcoome payable on t6e day of - , 19~, and
one such in:tallmeat to become due and payable dn _ the _al~~ da of ~ch month
until the whole of ~id indebt,ednas is paid, with interest fmm e~. ~O
at t!~ nt,e oE ~ per oeat per annum aftrr mateirity.
In the rvent af PrepaYmeat, a deduccion fra~m t6e amount due oa aooount oE uneuned
intemst s6a11 be allowed.
It 's agre~d that time is of the esaa~oe of thia oona~a utd that in t6e rvent of dehult in
- paymeat af any inapilimmt for a period of thirt~r daya the holder of this note ~nay, at its option, _
d~clare all the rennainder of t6e said debt due .~nd oolleccible and any failure -co exerciae rud
option ahall not oonstitute a waiver of the ri~t to e~crrciac the same at any ot6er time. In the
event of default ia payment of t6i: notre_ aad if 'the aame ia placed in the haads of aa. attoraey fvr ~
oollection, I, we, or eitha of ua agrte to pay all ca~ af oollection, iacluding. a n~onable attoruey'a
fee. In case payment ~aU not be made at maturit7r. the makers. suretia and endoratis joiattl? atd
scverally agrce w an~r actenaions or renewals without further notice. binding ounelves fnr p~ymeat
thereof, u if ao eut~ensiaaa of time or forba~tanoe af payment 6ad bom made or granted.
I, we or e~ch o~ ua, rvhethr~r principal, ~ccurity, guuantor. aidorser or othrr putp heret,~,
.agree w be joindy and severally bouad. I or we, each waive demand, protat and notiae
oE demand, protat and aon
pAymmt
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and ~~gt+Oa:
~ 1. To make all p~ymenta reqaired bp t6at aote and this raort8~ P~PVI whm due.
Y. To pzy alI taxes, as~a~menu, liras wd encumbrances o~ t6at property proaaptly whm .
dae. lf thep are not Pi'O~PVY P~ the M~mgagee may P°'1 them wichout waiving the option to
forocloie, and such paymeats, with inurat there~ fi+om the dace of payment at the :anne rate as _
~cified in that note, shsll al~o be secured by thi~ morcga~e.
3. Ta commit, ~ permit, os auffer no waue, impairment or deterioritiai oE t6e awrtgaged
P'roPertl'• ~ -
4. To paqr all expezua reaeonably innnTed by the Martgzgee ba:ause oE failun of the
Morcgagar w oomply xich che agrermrnts i~u tbac noce or thi~ mortgage. including ra~onabk
itwrnr~ foa. 'The.~et t6er~o~, ~rit6 int,erat t6ercon bnm the day of paym~t at the ra~e nce
as speci~d in that note. ~all aLo be ~ecared b~ thi: mortgage.
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