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HomeMy WebLinkAbout1869 t. ~ ' ~ ~ (1~' MORTGAGE 22~~~0 f ~ ' , ~ ~ _ . ~ tJerner E. Abraham and Dozothy L. Abraham the mortgagor . in consideration of the principal sum specified in the promissory note hereafter desctibed, re~:eived from HOLIDAY OUT IN AMERICA AT ST. LUCIE, 1NC., a corporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby on this _18th ~y of January 19_ mortgages to the Mortgagee the real property in St. Lucie County, Florida. described as: Condominium Parcel: Block Lot /__.9._____ of HOLIDAY OUT AT ST. LUCIE, a condominium, according to the Declaration of Conda minium thereof recorded in Official Records Book 168 at page 1348, of the Public Reoords of St. Lucie County, Florida. As provided for by the Condominium Act of the Scatutes af the State of Florida, (Chapter 711, Florida Statutes, 1965 Et. Seq.) said description in this rnnveyance 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 rnmmon elements of said condo- minium. THIS IS A PURCHASE MONEY MORTGAGE ~As security for the payment of t6e promissory note of which the following is a copy: ; 5,453.50 , ~lorida, January 18, ~ 1972 . 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, Florida, or any other place as the holder hereof may designate in writing, the sum of Five Thousand Four Hundred Fifty- Three and 50/100-----Dollars, which includes interest on the principa1 amount loaned, able in 59 and one 9b.89790 99 fin 1 _ equal consecutive monthly installment4 of ~act~;~~t~i~ first installment to become payable on the 18th day of February 19 , and one such installment to become due and payable on the _l8~th___ day of each succeeding month until the whole of said indebtedness is paid, with interest from ___~L~nuary 18, 1972 at the rate oiZ~ ~ gsper cent per annum after maturity. ! In the event 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 contraa and that in the event of default in ~ paymerrt of any installment for a period of thirty days the holder of this note may, at its option, 4 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 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, we, or either of us agree to pay all costs of collection, including a reasonable attorney's ~ 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 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 ~rincipal, security, guarantor, endorser or other party hereto, ~ agree to be joindy and severally bound. I or we, each urther waive de~mand, rotest and notice _ E. of demand, protest and non-paymen~ ~ 5~.~ s~~ ~ ~ - s~ --~U~EAL) ~ and agrees: 1. To make all payments required by that note and this mortgage promptly when due. ~ : 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when x due. If they are not promptly paid the 141ortgagee 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. r 3. To commit, permit, or suffer ~o waste, impairment or deterioration of the mortgaged ~ property. ~ 4. To pay all expenses reasonably incurted by the Mortgagee because of failure of the r~: ,1~iortgagor to comply with the agreements in that note or this mongage, including reasonable ~:x attorneys fees. The cost thereof, with interest thereon hom the day of payiuent at the same rate ~ as s ified in that note, shall also be secured b this mo a e ~ y B~GK ~O FAGE~SUV ~dr`y ~ - ~ ~ 4~~.T .13 }Ty3 ~ ~-y1-~~.~.~ `~~:F;~•- ~ ny~:o, ~.,rt r- S 'v,,,~~~Y~~;y.~ :~t~~~~'S~.,~'-~~.# a.Ya._.~~. .~e . . .i!~. _ ~Xi..r!~.t ~'J~~'~".~'-.