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MORTGAG~ ' ~
19~4~ i
W._C,_ Edmondson a~4~_Hdz~l_M..._~simQndsfln-------------------•--------------------------------------------
the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HUI.IDAY OU7' IN AMERICA AT ST. LUC1E, 1NC., a
corporation urganized a~id existing under the Laws of the State of Florida, the Mortgagee. hereby ;
on this .2Qth____-_ day of __._.__MdX------------~____~__._, 19_?~_. mortgages to the Mortgagee t~?e reai j
property in St. Lucie County, Florida, describeci as: ,
Condominium Parcel: Block .__G Lat i_______12._ of HOLIDAY OUT
AT ST. LUGIE. a condominium. accordi~ig to the Declaration of Condo-
minium thereof rerorded in Ufficial Records Book 168 at page 1348~ of ~
the Public Records of St. Lucie County, Florida. As provided for by the +
Condomi~iium Act of the Statutes of the State of Florida. (Chapter 711.
Florida Statutes, 1965 Et. Seq.) said description in this conveyance 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 the common elements of said condo-
minium.
TH1S IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
~g~ 860 _ n~ jensen Beach , Florida. ___Ma~r_ 2L1, , 19_?.Q...
For Value Received, I, we or either o£ us promise to pay to the order of HOLIDAY OUT
IN A111ERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place
as the holder hereof may designate in writing, the sum of FOUR_THOUSAND E~~~~_~Ij~~tED
~I211tQ /100___- Dollars, which includes interest on the principal amount loaned, payable in
one_----------- ~gtx~Dacomomtxi~oaaamt6~c inscallmentrof ;_4,-8bA,-04------- .
installinenc to become payable on the ____2DLh__ day of ___M~___________________________~ 197_1___, ~U
' ' ' ' ' with interest from --_M~,y__2Q,~9?_1,-----_-----~----
at the rate of 8-___. per cent per annum after maturity.
f
ln the event of prepayment, a deduction from the amount due on account of uneamed
interest shall be allowed.
i
~ It is agreed that time is of the essence of this contract and that in the event of default in
paymenc 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
~ 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 coltection, 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. ~
I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hereto,
~ agree to be jointly and severally bound. I or we, each further waive demand, protest and notice
~ of demand, protest and non-payment.
~
~ s/ ~
~ . ;
= s/ E~ (s~i..~
p; and agreea: ~
~ I. To make all payments required by that note and this mortgage promptly when due.
s: 2. To pay all taxes, assessments, liens and encumbrances on that property prompdy 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, petmit, or suffer no waste, empairment or deterioration of the mortgaged
~ property. .
~
~ 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
~ ~iortgagor to comply wich the agreements in that note or this mortgage, including reasonable
~ atturne}s' 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.
~
~187
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