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Home My WebLink About0918 ~ ~ .~r a~ ?~;5~OS ~ ~ ~ ~v ~ ~~M MORTGAGE I d . M'y!~ a~+~r„~ a.t a ~.~r a~ ~ . o~ ~ - ~ • the mortgagor , in rnnsideration of the principal sum specified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation organized and existing under the Laws of the State of Florida, the biortgagee. hereby on this 31~! ~y of Janw?r~? , 19_72, mortgages to the Mortgagee the real property in S~ Lucie County. Florida, described as: Condominium Parcel: Block Lot ! a- of HOLIDAY OUT AT ST. LUCIE, a condominium, aocording to the Declazation of Condo- minium thereof recorded in Official Records Book 168 at page 1348, of the Public Records of St. Lucie County, Florida. As pmvided for by the ~ Condominium Act of the Statutes of the State of Florida, (Chapter 711, ~ Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes, but is not limited to, all appurtenances to the condominium parcel above described, including the limited common elements assigned thereto and including the undivided interest in the common elements of said condo- minium. . THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following is a oopy: ~ 6,827.65 , Florida, J~~y ~1 , ~ 19 . For Value Received, I, we or either of us promise to paq to the order of HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place as the holder hereof may designate in writing, the aum of ~.d~t H~ad~csd l~fty- Stv~n and 6S/100'--" Dollars, which includes interest on the principal amou~l~~ed~~~tIi , e t ~ equal consecutive monthlv inss.allmenta of ;313-~/114.Od installment to become payable on the -3Q~t~ day of -~ii , 19 7? and one suc6 installment to become due and payable on the day of each succeeding month until the tvhole of aaid indebtedness is paid, with interest from 31, 1972 , at the rate of ~ per cent per annum after maturity. In the event of prepayment, a deduction from the amounc due on acoount of uneained i interest s6a11 be allowed. ; It is agreed that time is of the essence of this rnntracc and that in the event of default in ; payment of any installment for a period of t6irty days the holder of this note may, at its option, € declare all the remainder of the said debt due and collectible and any failure to exercise said ; option shall not constitute a waiver of the right to eacercise the same at any other time. In the $ event of default in payment of this note and if the aame is placed in the hands of an attorney for ~ collection, I, we, or either of us agree to pay all costs of collection, including a reasonable attomeq'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 ourselvea for payment ~ thereof, as if no extensions of time or forbearance of payment had been made or granted. ~ I, we or each of us, whether principal, aecurity, guarantor, endorser or other partjr hereto, ~ agree to be joindy and severally bound. I or we, each further aive demand, and notice ~ of demand, protest and non-payment~ ~ ~ ~ (SEAI-) ~ ~ .``.~~2C a~cs~ 1~ (SEAL) ~ and agreea: ~ 1. To make all payments required by that note and this mortgage promptly when due. t 2. 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 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 PT~P~Y• ' . a3 ~ 4. To pay all expenses reasonably incuned 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 aiso be secured by this mortgage. ~ ~ ~ eooK2~ ~ 9~8 ~ 4# " _ ' _ _ ' _ - . . .:~ii5,`, i s "o"k;: ~ Y ~ ~ _ . '2~ ~*}-~"''4.-,.c~'-~„~x~ ~ ~ ~ c ~ ~ 3 ~ ~~'r-,~ ~ i t ~ ~ c~~~" ~~~-~*x2 t : ~ ~ ~ ~ ~ vr--~ ~~~cr~~'c~'-^~~ -,s'i f a~.s r,~ ' - ,i~".~~^ ~ . z i ~ - '4.~ ~ ";firT~ ~ "~e ~ ,~'q..,,~~ ~Y`..¢ ~"_~rxs . . -