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Home My WebLink About0577 , ~ , - ' ~ ~6 . ~ . . . 2~4~1~' . • • MORTGAGE ' _~4 ~ ~ ~ ~ fi ~ ~~c _ ~ the mortgagor . im m~sideration oE the principal sum specified in the promissory note hereafter described, received from HOLIDAY OUT 1N AMERICA AT ST. LUC1E, INC., a corporation o ized and ex~~og~nder the Lawa of the State of Florida, the Mortga~gee, hereby on t6is ~~day of 1.~~ . I9~0 mortgagea to the Morcgagee tLe real property in St. Lucie Cowaty, Florida, described aa: Condominium Parcel: Block Lot f~ of HOLIDAY OUT ~ ti+ t ~ h S~ v v w?t AT ST. LUCIE, a condominium, according to the Declaration of Condo- ~~~~A ~~d y`'( minium thereof recorded in Official Recorda Book 168 at page 1348, of ~ hv ~~l ~ the Public Records of S~ Lucie County, Florida. As provided for by the ~c K ox~.~lt Condominium Act of the Swtutes of the State of Florida, (Chapter 711, 'r'~ ~ N. Florida Statuces, 1965 Ec. Seq.) said description in ~hia conveyance includea, but ia not limited to, all appurtenances to the rnndominium parcel above descxibed, including the limited common elanenta assigned thereto and including the undivided interest in the common elements of said condo- muiium. THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of wluch the follow' ' a copy: ; ~.Z D d . ~~.i~`~..? ~uc~ , Floritla. C , lg ~d For Value Received, I, we or either of us promise to pay to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Post Office Box 16~ll~tuart, lo~r any other ~cd as the holder he ~f may designate in writing. t6e sum of ~ ~'::••llara, which indudes intereat on the ' c~al amount loaned. payable in ~p Q equal consecutive monthly instaltments of ; • ~ each, and the first installment to become payable on t~t day of , 19 7~, and one suc6 instaliment to become due and payable on the da of each sucxeeding month until the whole f said indebt~edness is paid, with incrrest fro~i - L 8 i 9 7 v at t6e rate of ~ per cent per annum after maturity. - In the event of prepayment, a deduction from the amount due oa acoount of unearned ; incerest shall be allowed. ~ It ia agreed that time is of the essence of this contract and that in the event of default in ; payment of any installment for a per.~d of thirty days the holder of this note may, at its option, i declare all the remainder of the said ~-:ebt due and collectible and any failure to exercise said ~ option shall not constitute a ~vaiver of the right to e.xercise the same at any other time. In the ~ event of default i.n payment of this note and if the aame is placed in the hands of an attorney for ~ collection, I, we, or either of us agtee to pay all toats of collection, including a reasonable attorne~a c fee. In case payment ahall not be made at maturity, the makers, sureties and endorsers joindy and ~ severally agree to any extensions or renewala without further notice, binding oura~lves for payment ~ thereof, as if no exteusions of time or forbearance of payment had been made or granted. ~ I, we or each of us, whether principal, aecurity, guarantor, endoraer or other party hereto. agree to be jointly and severally bound. I or we. each further waive demand, protest and notice ~ of demand, proteat and non•paymen~ ~ s/ ~ ~ (SF.AL) ~ a~ ~ b~...c.4.a_ 'l • o[.~.~ ~ (SFAI.) and agreea: ~ ; 1. To make all paymcnts required by t6at note and this mortgage promptly w6en due. < Y. 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 dace oE payment at the same rate as f specified in that note, shall also be aecured by this mortgage. . ~ ~ 3. To commit, permit, or suffer no waste, impairment or deterioratian of the mortgaged ~ ~ property. ~ 4. To paq -all expenses reasonably incurred by the Mortgagee bccause of failure of tht ~ Mortgagor to comply with the agreements in that note or this raortRage, including reasonable ~ accorneys' 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 by this mortgage. ~ gooK ~90 _ 575 ~ ~ ~ ~ - i ~a~ x=~. ~ _ / `4'f ~ °6: .?~R„k ~n~k, _ ~ . _ ~ . ~ 3- ~~-..y-+,r^.~a~^~v.._ ~~L~.~?{E'~..+~v +.=,`LL' . - ry'4 5