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~iOR1'GAGE ~~5~
Fredri ck J.__ Kel 1 er----------------------------------------------------- `
the mortgagor , in consideration uf the principal sum sperified in the pro~nissory IlvIC
hereafter describeci, recei~~ed from HOL1llAY OUT 1N AI~IERICA AT ST. LUCIE, INC., a
curporation organized and existing under the Laws of the State of Florida, the 1liurtgagee, hereby
on this ._~4th_. day of __.__~~Rte~~r 19_~~__, murtgages to the 1liartgagee the real
propercy in Sc. Lucie Couiity, Florida, desctibed as:
Condorninium Parcel: Block -_G.___._. , Lot /___14_ of HOLIDAY OUT
AT ST. LUCIE, a condominiuin, accordi~ig to the lleclaration of Conda
minium thereof rec:orded in Official Recorcis Book 168 at page 1;f48, of
the Public Records of St. Lucie County, Florida. r1s provided for by the
Condo~ninium Act of the Statutes of the State of Florida. (Chapter ?11,
F?orida Statutes, 1965 Ec. Seq.) said description in this conveyance includes,
but is not limited w, all appurtenances to the condominium parcel above
descrabed, including the limited cammon elements assigned thereto and
~ including tl~e undivided interest in the common elements of said condo-
- minium.
THIS IS A YURCHASE MONEY MORTGAGE
~ As securit for the a•n~ent of the romisso note of which the followin is a co
y P y ~ ry s~ Py~
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; $_9 852.00 _ Stuart, Florida.,__~.ep~emh.er__~____, 19_I_L__.
~ For Value Received, I, we or either of us pmmise to pay to the order of HOLIDAY OUT
IN A~iERIC.3 AT ST. LUCIE, INC., at Yost Office Box 161, Stuart, Florida, or any other place
Nine thousand ei ht_hundr
~ as the holder herec~f may designate in writing, the sum of __~____3-__ ------------ed----_
: fifty_-tWO~------ Dollars, which includes interest on the rincipal amount loaned, payable in
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~ 120 ~qual consecutive monthly installments of ~.10_ each, and the first
i 5th October ~g 71__, and
install~nent to becoine pa}~able on the day of _
" one such installment to become due and payable on the 1_5_th day of each succeeding mond~
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until the whole of said indebtedness is paid, with interest from .__QCtQb~r__)_,_5,__1971________________
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~ at the rate of _ per cent per annum after maturity.
- In the e~~ent of prepayment, a deduction from the amount due on account of unearned
interest shall be allowed.
It is agreed that time is of the essence of this contract and that in the event of default in
- pa}~~nent uf any installment for a period of thirty days the holder of this note may, at its option,
- declarr all the remainder of the said debt due and collectible and any Eailure to exercise said
l~ option shall not constitute a~vai~~er of the right to exercise the same at any other time. In the
event of default in payment c~f this note and iE the same is placed in the hands of an attorney for
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i colleccie~n, I, we, or either of us agree to pay all costs of collection, including a reasonable attorney's
fee. ln case pa~~ment shall not be made at maturit}', the makets, sureties and endorsers jointly and
se~~erall}~ agrre to any extensions ur reneHals without Eurther notice, binding oursel~~es for payment
thcreof, as ii no extensions oE ti~ne ur Eorbearance of payment had been made or granted.
'~`=f I, we or each of us, whether principal, security, guarantor, endorser or ocher party hereto. ~
_ agree w be jointly and srverally buund. I or we, each further waive demand, pr test and notice
uf demand, protest and non-payment. ~ ~ i
d`-~ ~ ,.a ~ f.
s/ ---~-~~~~~~;_s_L_Y`"'`'~~~{9EAL)
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s/ - (SEAL} ~
_ _ and agrees: ~
= 1. To makr all payinents required by that note and this nu~rtgage promptly when due.
2. To pa}• ail taxrs. assessments, liens and e•ncumbrances on that property promptly when
~ due. If they are nc~t rom tl • aid the ~lort a ee ma a• them Hithout ~.•:iivin the tion to ~
P P~ P S K y P" y ~ P ;
(~,ree l~,se. .ind such pa~~ments, with interest thereon from che date oE pa~~ment at the same rate as •
,prcifird in that note, shall. also be secured by this mortgage. ~
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= Tc, commit, permit, or suffer no waste, impairment or deterioration of the morcgaged
- = propert}.
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4. 7'o pay all expenses reasonably incurred b} the MortKafiee because of failure of the
~tc,rc~agnr t~? c~~mply ~~•ith the agreements in that no[e or this mort~aKr, inciuding reax~i~able
:itturne~s' fres. The ~~~~u thereof. with ~rest thereon ftom the da~ of pa}~ment at the same rate
as specified in that note, shaU also be secured by this murtgage.
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