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HomeMy WebLinkAbout1872 . . • , ~d~ - i,~ ~ ~ MORTGAGE 225882 ~ a. o ~ . ~ ~ ~ t3er"tram ti, Holmes, Jr. and ~~taureen Holmes, his wife ~ ------------------------------__~_~__________._______.~_._~_T_--------------. the mortgagor , in consideration of the principal sum specified in the promissory note hereafter desrribed, rec:eived from HOLIllAY OUT IN AMERICA AT ST. LUCIE, INC., a corporation organized and existing under the Laws of the State of Florida. the Mortgagee, hereby on this __155~___ day of ___February 19__?l, mortgages to the Morcgagee the real property in St. Lucie County. Florida. described as: Condominium Parcel: Block Lot /___19---__-_ 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 St. Lucie County, Florida. As provided for by the Condominium Act of the Statutes of the State of Florida, (Chapter 711, ~ Florida Statutes, 1965 Et. Seq.) said description in this conveyauce includes, but is not limited to, all appurtenances to the oondominium parcel above described, including die limited common elements assigned thereto and including the undivided interest. in the common elemeuts of said condo- minium. THIS IS A PURCHASE MONEY MORTGAGE As security for the payment of the promissory note of w6ich the following is a c~opy: ~ 7}927.65 ~ F]pri~~ February 15~ 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, Florida, or any other place as the holder hereof may designate in writing. the sum of Seven Thousand Nine Hundred 11Ne~ty- Seven and 65/100---~ollars, which includes interest on the principal amount loaned, payable in 7 19 R onP equal consecutive monthly installments of $~~95~__L each, and the first installment to become payable on the ___15th ~y of _ March 19___?? and , one such installment to become due and payable on the __15th__ ~y of each succeeding month until the whole of said indebtedness is paid, with interest from _F ebr ua ry 15 , 1972 at the rate of 9' ~per cent per annum after maturity. ~ In the event of prepayment, a deduction from the amount due on acoount 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 i 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 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 attorney for ~ collection, I, we, or either of us agree to pay all costs of collection, including a reasonable attorne~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 principal, security, guarantor, endorser or other party hereto, ~ agree to be jointly and severally bound. I or we,. each further waive demand, protest d notice ~ of demand, protest and non-payment. = s/ ~ ~ SEAL) ~ ~ ~ _ ~~2:e~ (SEAL) ~ and agrees: ±t 1. To make all payments required by that note and this mortgage prompdy when due. 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when due. If they are not promptly paid the :~iortgage~ may pay them without waiving the option to foreclose, and such payments, with interest thereon from the dat~ of payment at the same rate as specified in that note, sha11 also be secured by this mortgage. 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged property. - 4. To pay all expenses reasonably incuned by the Mortgagee because of failure of the _ ~iortt;a~or to comply with the agreements in that note or this mortg;age, including reasonable r;- attorneys' fees. The cost thereoE, with interest thereon from the day of payment at the same rate x, as specified in that note, shall also be secured by this mortgage. - 8ooK200 PacE18~. ~ - ~ ,a~ _ ~ ~ 1 - ~ , _ - s ~ ~ ~ _ :c~. y.~'rc: ~ __a~ .'~'a 3 ~ . . _ "'z~_'~?''z~~`'`~'a._ .