HomeMy WebLinkAbout1484 ~ • . i~`7428 - 6 .
~ ~ - - . MORT~irAGE
/ er a~. ~ z ~.l ea~~e . ~s
the mortgagor , in consideration of the principal awn apccified ia the promiasorir note
hereafter dcaxibed, received froan HOLIDAY OUT IN AMERICA AT ~ST. LUCIE. INC., a
s:orporation organiud and exiat' under the L.awa of the State of Florida. the Mortgagee, hrreby
on t6is day of 19~, mortgagea w the Mortgagce t~e t+eal
. P='OP~Y in S~ Lucie Caunty, Florida, deacribed as:
Condominium Parcel: Blflck Lot o~ HOLIDAY OUT °
i?? ~ a ~ h s~v.,~ e..`~ AT ST. LUCIE, a condominium, aooording to the Declaration of Condo- _
minium thereof reoorded in Official Records Book 168 at page 1348, of
~``e~q'`°b ~ the Public Recorda of St Lucie County, Florida. Aa pmvided for bq the
~i~KV~ T~e. Condominium Aa of the Swtutea of the State of Florida, (Chapter 911,
~~o.i3o~. ~t ~Florida Statutes, 1965 E~ Seq.j aaid descxiption in thi: coaveyance includea, :
r e x~
.l t~~ 1~h n. but is not limited w, all appurtenances to the ooadominium parcel above
~ deacribed, including the limitcd common elementa aasigncd thereto and
including the undivided ' intereat in the eommon elements of said oondo-
aninium. - -
THIS IS A PURCHASE MONEY MORTGAGE
As :ecuri for the ~ayment of the promissory nott of which the followiag : y: /Q
; ~S~ ` s var ?~glo~id~, c ? , 19~
For Value Received, I, we or either of us pr~miae to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Past Offioe Box 161, Stuart, Fl rida, or~n
q other lac~~
aa hereaf maq designatc in writing, the aum of ~~~oisa"'e~ .~i7;~./irti..,~e ,f
---"1D~ollara, which includes interat on the princi al amount loaned, payable in
~ o equal oonsecuave monthl,~ i~n~stallments of S~'O ea~ch, -and the fust
inatallmenc co become payable on the day of ` , 19ZA aad
oae such instalLnent to become due and pajrable on the ~ da of e~c6 auoceedin month
until the whole of. said indebtednesa is paid, with incerest from ~.Q t /
at the nte of ~ ptr oent per annum after maturity. -
j In the event of prepayment, a deduction from t6e amount due on aooount of unearntd
~ interat :hall be allowad.
~ - . ° _
It ia a~gzred - that time ia of the essmcx of this o~ntract 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 ita option,
declare all the rennainder of th~ said debt due and oollcctible and any failure w exercise aaid
opaon shall not ounstitute a waiver of the right to exercise the aazne at aay other time. 7n the
event of default in papment of thia notc and if the aame is placed in the handa of aa atwraey for
oollection, I, we, or either of us agree to paq all coats of oollecti4n, including a reasonable atcorney'a
fee. In case papment shall not be made at maturity, the makers. sureties and endoraera joindy and
severally agree w any entenaiona or renewala wit6ont further natice, binding ouraelves for paymeat
thrreof, aa if no eactenaions of rime or forbearance of payment had been made or gnuted.
I, we or each of ua, whether principal, aecurity, guarant,~r, mdoraer or other part~r 6ereto,
agree to be joindy and arverally bound. I or we, each further waive demand, prot,est and notia
of demand, proteat and noa~
paymeat - -
a/ (S~) ~
s/ SF.AL)
and agrees: ~ . .
1. To malce all payments required bryr that note and thia mortgage prompdy whcn dne.
Y. To pay all taxea, aasesamenta, liena and encumbrancea on that propertr prompdy when
due. IE they are not prompdy paid the Mortgagee maq pay them without waiving the option to
for+ecloae. and such payments, with int,erest thrreon fi+om the dace of paymrnt at the aame rate as
:pocified in that note, ahall aL~o be aecured by t6is martgage. .
3. To commit, peimit, or auffer. no waste, impairment or detcriorauon of t6e mortgaged
PT'~P~Y•
4. To pay all e~cpenaes rraaonably incurred by the Mortgagee becau~e of bilure of the
Mortgagor to comply wit6 the agreements in tbat note or thia mortgage, including reasonable
attornry~ fea. The oost thereof, with intrrat t6ereo~n frnm the day of paymeat at the same rate
. u. speciEied in that note, ahall also be secured b~ thia mortgage.
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