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HomeMy WebLinkAbout0933 . ~ ~ ~ ~ MORTGAGE ~2~1~ 5 ceorge 1~. HeL.s, III i the mortgagor , in rnnsideration of the principal sum specified in the promissory note ~ hereafter described, received from HOLIDAY~OUT IN AMERICA AT ST. LUCIE, 1NC., a ~ corporation organized and existing under the Lawa of the State of Florida, the Mortgagee, hereby ' on this _____Sa----_ daq of ~_~pril 19~ ZQ, mortgages to the Mortgagee the real ~ property in St. Lucie County, Florida, described as: Condominium Parcel: Block L-ot of HOLIDAY OUT ~ ~*~s `NS~v~~M~ f~~ AT ST. LUCIE, a condominium. according to the Declaration of Conda minium thercof ncorded in Official Records Book 168 at page 1348, of b`t T$ ~ the Public Reoords of S~ Lucie County, Florida. As pravided for by the ~ ~~•aD'~ ~'~4 Condominium Act of the Statutes of the State of Florida, (Chapter 911, K~ o x ~,Te Florida Statutea, 1965 Et. Seq.) said descxiption in this coaveyance includes, but is not limited to. all appurtenances to the eondominium parcel above . deacribed, including the limited rnmmon elements assigned thereto and including the undivided interest in the rnmmon elements of said condo- minium. THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following ia a aopy: ~~,~Sn_ne Jensen Heach , Florida, ~ril 6 , lg 70, ' For Value Received, I, we or either of us promise t,o pay to the order of ~:OLIDAY OUT ~ IN AMERICA AT ST. LUCIE, INC., at Poat Office Box 161, Stuart, Florida, or any other place _ as the holder hereof may designate in writing, the sum of Fi~e eiqht 2~unclred ; fiftv no/100 ~llara, which includea intereat on the principal amount loaned, payable in ; 60 ~~~~ve monthly installments of ~ 97.50 eac6, and the firat i installment to bec:ome payable on the 1st ~r of ~e 1~_~~, and one such installment to become due and payable on the ___1s~-- day of each succeeding month until the whole of said indebtedness is paid, with int~erest from ~e l. 1970 ~ at the rate of 6 per cent per annum afttr maturity. i 'j In t6e event of prepayment, a deduction from the amount due on acoount of unearncd ~ interest shall be allowod. ~ It is agreed that time is of t6e essence of this contraa 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 its option, declaze all > the remainder of the said debt due and oollectible and any failure to exercise said option shall not constitute a waiver of the right to exerciae the same at any other time. In the event of default in payment of t6is note and if the same ia placed in the hands of an attorncry for rnllection, I, we, or either of us agree to pay all costs of collection, including a reasonable attornep'a fee. In case payment shall not be made at maturity, the makers, sureties and endorsers joindy and severally agree to any extensions or renewals without further notice, binding ourselves for payment thereof, as if no extensions of time or forbearauce of payment had been made or granted. I, we or each of us, whether principal, aecurity, gu tor, endorser or other party hereto, ~ agree to be joindy and severally bound. I or we, each er waive d and, t and notice of demand, proteat and non-payment ~ a/ £ ~ (SEAL) a/ (SEAL) . ~ ~d , - ~ 1. To make all payments required by that note and this mortgage promptly when due. ' 2. To pay all taxes, asxssments, liens and encumbrances on that property promptly when due. If they are not promptly paid the Mortgagee may pay them without waiving the option to foreclose, and such payments, with interest thtreon from the date of payment at the same rate as specified in that note, shall also be secured by this mortgage. ~ er no waste im itment or deterioration of the mo ed ` 3. To commu, permit, or suEf , pa rtgag PTOP~Y• F 4. To pay all expenses reaaonably incurred by the Mortgagee because of failure of the Mortgagor to comply with the agreements in that note or this mortgage, including reasonable attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate ' as specified in that note. shall also be aecured b' this mor age. - ~~K 188 ~~cE 932 ~ ~ , _ ~ ° 4-.~,;~- . ~.a~ ; T ~ , ~ - - - - . ~ 'x. ~ .