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' MOR1~lGrAGE '
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the mortgagor . im m~sideracioa oE the principal sum specified ia the promiaaory uoce
hettaEcer described. rcceivcd from HOLIDAY OUT 1N AMERICA AT ST. LUCIE, 1NC., a
o~xpontiai organiud and existing under che I.awa of the State of Florida, che Morcgagee, hereby
on this lOth ~r ~ Jtu?4 , 19~, mortgsga w t6e Mortgagee t6e nal
_ property in St Lucie County. Florida, d~cribcd as: "
Condominium Paroel: Block _ p-,1~t 1..~_ oE HOLIDAY OUT
1
n~ s~ rv sTv~~ A'~ ST• LUCIE, a oundominium, aao~rding .to t6e Declaration oE Coac~o- _
minium thereof reoorded in Official Records. Book 168 at pag~e 1348, of
4~'~~~qY~a the Public Reoords of S~ Lucie County, Florida. As provid~d for by the .
~ehv.~`T'~ 4Rle. Condaminium Act of the Statutea of the State of Florida. (Chapter ?11, _
~~o.~ok a1q Florida Statutes,1965 Et, Seq.) aaid dacrlption ia this o~aveyanee includea, ,
kh ox t~, te ~r h. but ia not limited _ t,o, a11 appurtenances to the oondominium paral above
- deacribed, including the limited common elementa aasigned thereto and
includiug the undivided int~ereat in the oommos~ elemcnts of aaid oondo- .
minium. ~ -
THIS IS A PURCHASB MONEY MORTGAGE
As :ocurity for she paymwt of the promisaory note of which the following ia a oopy:
l~.~52. 50 ~ . glorida, T~~R i e , 19~.
For Value Raxived, I, we or either ~ ua pmmise to pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Pou Offia Box 161, Stuart, Florida, or any othrr placx
~ the ho~eE ~
f mag designate in writing, the ~m of FortY faur htu~drecl. PiPty tvo end
- /1 which includea iaterat on the principal amount loaned, payabk in
9 20 ~q oons~cive monchly insr~llmena of s z x a x a a and the first
installmenc ou beoome payable on the _3Ilt.h__ day of Ji~t v , 19~, and
one auch installm~t w beoome duc and payable on the ~ day vf ead? suooeoding ~onth
' until t6e whole of said indebt~ednaa is paid, with interac from AtA
at the nte of ~ per ant per annum after maturity. ~
i -
~ In the rvent of Prepal?men~ a daiuctiea fram the amount due on aoo~unt oE unearned ~
' interest ~t?all be allowed. .
It is agreod t6at time is of the e~enoe of thia oontract and that in the event of d+efault in
payment of anq installment for a period of thirty days the holder of thia note map, at its option,
declare all the remainder Qf the said debt dae and oollectible and any failure w acercise said
option a6all not oonstitute a waiver of tbe right w acrrci:e the aame at any other time. In the - -
evait oE default in payment of this mote and if the same is placed in the hands of an attarneq for
collection, 7, we, or either of ua agi~ee to pay all casta of oollection, includiag a reasonabte attornr~:
fee. In ca~e payment ahall not be made at maturity, t~e makers, surecia and eadorsen joindy and
seva~ally agree w anq extensions or renewals without further notioe, binding ouraelva for payment
thercof, ~as if no e~ctenaions of time or forbearwoe of papment had been made or grantcd.
I, we or each of us. w6ether principal, socurity. gvarant,or, endoraer or other part~ hereto,
agree to be joindy and severally bound. I or we, each further waive de~oand. protest and notiae
oE danand. proteu and non
paymrn~ ~ ~
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aad ~a: ~ -
I. To make all paymsits required by t6st note and thia mortgage prompdy when due. _
2. To pay all taxa. assa:a4ents, liena and encutnbrancea on that Pr°P~' PrO~PVY vr6en .
due. If tbeq are not promptly pzid the Mertgagee may pay them without wuving the option t,o
foreclose, and :uc6 paj?mieats, wic6 interest thereon from the dace of paymeat at the aame race as
specificd in t6at note, ~11 alw be aecured by thi: mortgage• . .
3. To ao~mit, permit, or suffer ao v?aate, ~ impurmeut or detsriontioo of the mortgaged
P~'~P~• ' ~
4. To pa~ all expensa rea:onablp incurrod by the Ma?rtgagee baause of hilure of the
Mortgag~or to oompl~? wich the agreemrnts in that note or t6u mortgage, includiag reuonable
attorney~ Eoes. The coa theroof, with interat t6ereon from tbe day of Palment at t6e same rate
as apaified in that n~e, ~hall alw be xcured b1r this mortgage.
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