HomeMy WebLinkAbout1875 ,D ~
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the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received from HOLIDAY OUT 1N A1~iERICA• AT ST. LUCIE, INC., a
corporation organized and existing under the Laws of the State of Florida, the Mortgagee. hereby
on this ___~St~ day of ______~lthtui~Y~. 19__?_2s mortgages to che Mortgagee the real
property in St. Lucie County, Florida, described as:
Condominium Parcel: Block F____, Lot i___1--_-- of HOLIDAY OUT
AT ST. LUCIE, a condominium, according to the Declaration of Conda
minium thereof recorded in Official Records Book 168 at page 1848, of
the Public Records of St. Lucie County, Florida. r1s 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 rnnveyance 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 the common elements of said rnndo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following is a copy:
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$ 4
a62,.~ , Florida, Fp ~~~25,.-. , 19?2-.
~ For Value Received, I, we or either of us promise co 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 wriung, the sum of N~ut_ ThQ~dd_-Fn»>c._ ~*~~r~d S; ~ty-Ibo
and SQ~Q~ ----------Dollars, which includes interest on ihe principal amount loaned, payable in
_ equal consecutive monthly installments of ~ 74.37_74.67_fin~~~~ first
installment to become payable on the ~Stb day of _ ~y~___ 19?? , and
one such installment to become due and payable on the 25~ day of each succeeding month
until the whole of said indebtedness is paid, with incerest from R~ruar_~~ 25~ 1972
! at the rate of 1O per cent per annum after maturity.
i
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s In the event of prepayment, a deduction from the amount due on account of uneamed
~ interest shall be allowed. .
!
It is agreed that time is of the essence of this contract 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 tlie 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. ln 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 attomey'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.
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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 and notice
~ of demand, protest and non-payment.
~ ~ EAL
_ )
(SEAL)
~ and agrees:
= 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 w6en
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
speciEied in that note, shall also be secured by this mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
_ = property.
3; 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
_ :liongagor to comply with the agreements in thac note or this mortgage, including reasonable
attorneys' fees. The cost thereof, with interest thereon from the day oE payment at the same rate
; as specified in that note, shall also be secured by this mortgage.
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