HomeMy WebLinkAbout0588 ~04~2f : ~ ~
MORTGAGE , ~
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the mortga r, in consideration of the principal aum specified in the promissnry note
hereafcer described, received from HOLIDAY OUT IN AblER1CA AT ST. LUCIE. INC., a
corporation organized and exist' g un r the Lawa of the State of Florida. the Mortgagee, hereby
on thia __~~1 _ day of __~lL~~~.`_, 19~, mortgagea to the Mortgagce the real
property in St. Lucie County. Florida, described as:
Condominium Parcel: Block __J_~___, Lot f~~_ oE HOLIDAY OUT
AT ST. LUCIE, a condominium, a~cording to the Declaration of Condo-
minium thereof recorded in Official Recorda Book 168 at page 1848, of •
the Public Records of St. Lucie County. Florida. As provided for by the .
Condominium Act of the Statutes of the State of Florida, (Chapter 911,
Florida Statutes, 1965 Et. Seq.) said description in this conveyance includea,
~h ~ y iHi~ ~•~••e..'~ but is not limited to, all appurtenances co the oondominium parcel above
P`'~ ~R"~ a~'l W"`''y desaibed, including the limited common elements aasigned thereto aad
z, ~3o x~~ q including the undivided interest in ehe common elemencs of said condo-
ti: t,+ o x v~ l~ P ~~N n N. miAlulD.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of wluch the following is a aopy:
i ~ - ~ ~ ~~K , Florida, r' ~ , 19~~
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~/-~PKr~alue Received, I, we or either of us pr~mise to pay w the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 16 Stuart lorida o an o lace ~
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as the holder hereof may designate in writing, the sum of~~
_ Dollara, whic6 includea intereat on the princi ~~a
u~ ed, payab~~le~m
equal consecutive monthly inatallmarts of each, and the firat
installment to become payable on the day of -_~P~.._ ~ 19_.Z_~ and
one such installment to become due and payable on the day o~, each suooeeding month
unW tht whole said indebtedness is paid, with iuterest from ~ ~O
at the rate of ~ per cent per anuum after maturitq. -
0~1! ~T
In the event o prepayment, a deduction hom the amount due on aceount of unearned
interest ahall be allowed.
< < It is agreed that time is of the essence of this contract 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,
~ declare all the remainder of the said c~ebt due and rnllectible 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
k event of default in payment of this note and if the same ia placed in the hands of an attorney for
~ collection, I, we, or either of us agree W pay all costs of collection, including a reasonable attorae~a
~ 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 fvr payment
~ thereof, as if no extensions of time or forbearance of payment had been made or grant,ed.
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~ I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hento.
~ agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demand, protest and non-paymen~
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~ s/ (SEAL)
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and agreea:
~ 1. To make all payments required by that note and this mortgage promptly when due. -
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= 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when
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~ due. If they are not pmraptiy paid the M~rtgagee may pay them without waiving the option w
~ 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.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
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~ propcrty.
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~ 4. To pay all eupenses reasonably incurred by the Mortgagee because of failure of the
~ Mortgagor to comply with the agreementa in that note or this mortgage, induding reasonable
g attorneys' fees. The cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, sha11 also be secured by this mortgage.
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