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' t~,?,n~_[`l aacford and Ca~,1Z~~j 1 (~lassford ~_j;,i~wr~fe ,
the mortgagor . ia eonsideration of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT 1N AMERIGA AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida. the Mortgagee, hereby
on this 4th ~q of Januar~r , 19 , mortgages to the Mortgagee thc real
pmperty in S~ Lucie Gounty, Florida, described as:
Condominium Parcel: Block Lot /_.13.______ of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaration of Condo-
minium thereof recorded in Official Records Book '168 at page 1348. of
the Public Records of S~ Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711, ~
Florida Statuces, 1965 E~ Seq.) said descripuon in chis conveyance includes,
but is not limited to, all appurtenances to the condominium parcel above
descxibed, including ~the limited common elements assigned thereto and
including the undivided interest in che common elements of said condo-
miuium.
THIS 1S A PURCHASE MONEY MORTGAGE
As security for the payment of the pmmissory note of which the following is a oopy:
s 4~y~~ _ So , Florida, January 4 , 19 ~2 .
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 161, Stuart, Flarida, or any ot6er place~
as the holder 6ereof may designate in writing. the sum of Nine Thous~nd 1~vo H4~r cjred Seventy
Three and 50/100---~llara, which includes interest on the principal amount loaned, payable in
12o equal rnnsecutive montlily inatallmenta of ; ~7 - 2~ each, and t6e firat
installment to become payable on the 15th ~r of March 19 72 , and
one such installment to become due and payable on the day of each suoceeding mont6
until the whole of said indebtedness is paid, with interest from Ja~a r~_
at the rate ofl l• 8~3er cent per annum after maturitq.
I In the event of prepayment, a deduction from the amount due on acoount of unearned
i interest ahaU be allowcd.
r It is agreed that time is of t6e essence of thia oontract 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 debt due and eollectible 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
~ event of default in payment of this note and if the same is placed in the hands of an attomey for
~ collection, I, inre, or either of us agree to paq all coats of collection, including a reasonable attornc~a
g fee. In case payment shall not be made at maturity, t6e makers, sureties and endorsers jointly and
~ aeverally agree to any extensions or renewals without further notice, binding ourselves for payment ~
thereof, as if no extensions of time or forbearance of payment had been made or granceci.
I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hereto,
agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
~ of demand, protest and non-paymen~
~ s/ - (SEAL)
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~
~ and agreea: -
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.3 1. To make all payments required by that note and this mortgage prompdy when due.
~ 2. To pay all taxes, asse.ssments, 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 date of payment at the same rate aa
specified in that note, shall also be secured by thia mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~ property. . .
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4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
~ ~iortgagor to comply with the agreements in that note or this mortgage, including reasonable
attorneys' fees. The coat thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured by this mortgage.
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