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MORTGAGE 20ipp3
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the nuortgag~or . in consideration of the principal apocified in the promi:sory aote
. hereafter deacribtd, reccived from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a - ~
~ aorporation organized and cxiating under the Iaiws of the Swte of Florida, the Mortgagee, hereby
on this day of ~__~~r ~ . 19Z, mortgages w the Mortgagee the tral
pmpertp in S~ Lucie County, Florida, described ae:
Th ?'s 1 n s~• ~e ~ ~~minium Pat+cel: Block Lot f~ of HOL~DAY OUT ~
vp~~..~o by r~~..«.1 .
y~ .1.0~~ d AT ST. LUCIE, a oondominium. aao~rdin,g to the Declaratioa of Cot~o- ,
R~R ~ minium thereof reaotdcd ia Official Rcoords Book 168 at page 1348, of -
~~SQM the Public Reo~rda of St Lucie County, Florids~. As pr~vided for by tLe
Condominium Act of the Statutea of the State of Florida, (Chapttr 711,
Florida Statucea,1965 E~ Seq.) aaid description in thia ooaveyance includea, ~
but ia not limitcd to, aU appurtenances to the oondoa~iaium pancxl above
_ describe~l, including the limited oommon dements assigned thereto aad
inci~ding the undivicled iaterat in t6e . oonnmon elemeats of ~id aondo-
minium. . ~ - ~
THIS IS A PURCHASE MONEY MORTGAGE
As security ~or the paymmt of the promissory note of whicb the follovving is a oopy: _
~ .~~DO? ~ic.~.st... /.}r+~, Florida, ~v... ~ ~ _ . 19Z° ~
,-}v For Value Recxived, I, we or either of iu promiae to pay w the order of HOLIDAY OUT F
IN AMERICA AT ST. LUCIE, INC., at Post Offiae Bos 161, Stuart, FlA7t7~da, or~y ot6er pl~we .
y1~ aa holdCt hez+eof msy desig~te iu writiOg~ ~he sum oE ~
S'r (..11~ r~M 7"~wo ~ :
••,••~l llara, wrhicb includa interest on t6e pruic~ amount loaned, Palrabk in
(//~`~'1 - ua~cona~eutive mont6l ioatallments of ~_~s~_ e~ch, a~ the fisst
T ~q 7
inatalUnent w booame payable on the d~y ~ . , 19Z, and
one auch inatallment ta be~ome due aad payable on the ~y o uE a~ch suooeeding month
unti~; the Nrhole of ~id indebtodneaa ia paid, with int~erat from G ~.-'7 °
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at the rate per oent per annum afta maturit~r. - . ~
~
4 In the rveac of Prtpayment, a doduction from _ the amouat due on aooount of nneaxned
~ int~ereat aha~ll be allowcd. -
,
It ia agrted t6at time ia of the easenoe oE this oontract and that in the eve~t of default in -
payment of any installment for a period of thirty dapa the holder of thi: note ntay, at its optian:.
declare all t6e remaind~er af the said debt due and aollouible and any failure to acerciae said
option a6all not aonatitutc a waiver of the right to exercise the same at any other time. In the _
evrnt of default in payment of this note and if the aame u plac~ed in the banda of an atwrnrq ~or ~
oolloction,-I, we, or either of ~u agree to pay all oosts of ooll~on, including a reasonabk attorney's
fee. In czae papment ahall not be made at maturity, the makers, sureties and endoraera jointly aud
Kverally agrce ~o any extenaiona or rs~ewala without further notice, binding ourselvea for paymmt
tLereof. aa if no actensions of time or forbearance of paym~t had been made or grant,ed. -
I, we or eac6 of ua, whether principal, ucurity, guarantor, eadorarr or other partp hereto.
agree to be joindy and severaUy bound. I or we, each furtber waive demaud, proteat and noticx
af demand, proceac and non-paymm~ _
_ s/ ` - (SEAL)
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~Z~~ (SF.AL)
a~ agrtd: _
l. To make all payments requued by that note an~d thia mortgage promptly whm due. ~ -
Y. To pay all taxes, aasessmeucs, liena and rncumbrances on that P~P~y P~P~Y ~+rhea
due. If t6ey are not promptly paid the Mortgagee may pay them without waiving the option to p
forccloae, and such paymenta, with interest thereon from t6e date of payment at t6e aame rate as ~
specified in that note, ahall alao be aecured by t6ia mc~rtgage.
~ 3. To aommit, permit, ot suffer no watte, impairment or deterioration of the mortgaged ~
P~P~y ' . ~
4. To pay all acpa~sa reaionabl~ incurred by the Mortgagee baaase o# failure of tht ~
Mortgagor w comply with the ~greemaita in that note or this nnortgage, including reaaonable ~
acwraey~~ fea. T6e aoa ther~of, with incerat t6ereon from the day of paymrnt at the aame rate ~
as specifiad in tLat note, shall aLo be ~ecured by thi: mc,rtg~ge.
a~188 929 ~
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