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't6e morcgag~or . iw rnnsideration of the principal aum apeciEied in che promisaory note
hereafter deacribed. reoeived from HOLIDAY OUT IN AMBRICA AT ST. LUCIE, INC., a
ourpontion organiud and exi:tiug under the I.a~vs of the 3tate of Florida. t6e Mortgagee, hereby
oa thi: __?.6~b- day of .F~b~tu•~_ , 19~Z, mortgages w che Mortgagee the real ~
property in S~ Lucie County. Florida, described as:
L ~.LN.
Condominium Paroel: Black Lot 1~~~ oE HOLIDAY OU'~
AT ST. LUCIE, a ooadominium, aooording to the Declaraaon c~f Condo-
. minium thereof reoordod in Official Reoords Book 168 at page 1848, ~ . •
the Public Ro~ords of St Lucie Cou~nty, Florida. Aa pr~vided for by the
Condominiuin Act of the Statutes uf the Stat~ of Florida, (Chapter 911,
Florida Statutea, 1965 EG Seq,) aaid deac.riptivn in-this oonveqanae includea,
~ _ but ia not limital oo, all appurtenanoea w the condomiaium paroel above . .
deacxibed, including the limited cammon elementa asv~gned the~rew and .
_ inclu~ding the undivided intereat in the oommon eleanents of aaid oondo-
minium. .
THIS IS A PURCHASB MONEY MORTGAGE .
As ~curity for t6e-payment of the promissory note of ~rhich the tollowing is a oopy:
;8.~.u - , Florida, .~Y Zbs , 19..3.~? . '
For Value Reoeived, I, we or either of ua pmmiae to paq to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Offioe Box 161, Stuart, Florida, or any other plaa
aa the holder hercof may designace in writing, ihe aum of ~_T~oyw~d~Ploac,t~-~
;`aY `~~~ss•+~••~~~-+Dp11~I5, W~11Cf1 lIICI11dtS IIItCI+C3t OII Lt1G pilIIGP3I ~Oll~_IQgII ~1lt t11
_ 69.o1/69LZa s~n"~~~e firit
1~ equal oonsecutive monthl instaliments of ~
installment w beoome payable on the day o# 19 ~ aad
one such ins~liment to beoomc due and payabk on the • day af ~:uoo~ding month .
until the whole of said indebudneas is paid, with intereat~ from ~nu:,y py _ y972
'i .
~ at the rat,~ of 9•9pei. cent~ per annum after maturity. -
~ In the tvent of prepayment, a deduction fro~n the amount due on aooount of uneuned
iatereat ahall be allowed. . .
It is agreed that time ia of the essence of this aontract and that in the eveat of default in
payment of any inscallment for a period of t6irty daya the ho~ider of this note may, at its option,
dectare all the nmainder of the aaid debt dnt and coUeuible and any failure w exercise :aid
option a6aU not oonatitute a waiver of the right t,o exerciae the same at any other timt. Ia the
event of default in payment of this note and if the same is placed in the hands of aa attorney far
oollection, I, we, or either of .ua agree to pay all caata of rnllection, including a reason~ble attorne~s
fee. In case payment ahall not be made at maturity, the makrrs. suretiea and eadoraen joindy and
seaerali~? agree w any extensiona or renewals ~eithout further nocice, biadiug ouraelves for payment .
thereof, as if no eatenaiona o# tune or forbearanoe of payment had been made or grant,ai.
I, we or each of ua, whether principal, security, guarantor, endorarr or at6er party here~o,
agree to be joindy and acverally bound. I or we, each further waive demand, protest aad notioe ~ ;
of demand, pmteat and non~aymeu~ .
~ ~ ~ , (SEAL)
~ . ~ (S~)
and aSrete:
1. To make all payments required by that note and this mortgage prompdy when c~ue.
Y. To pay all taxes, as~aa~menta. liena and encumbrances on that property P='°mPV1
due. If they are not prompdy paid the Mortgagee may paq them without waiving t6e option to
foreclose, and auch payments, with iat,erest thaeon from the date of payment at the aazne rate aa
specifiod in that note, ahall alao be secured 6y thia mortgage. `
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgag~d
PrOP~Y• • ~ •
4. To pay all expenses reawnably incurred bq the Mortgagee becauae of failure of the
Mortgagor co comply with the agrermmts- in that not! - or this mortgage, including reasonablt
attornrys' feea. T6e coat thrreof, with interest thereo~n from t6e day of paymmt at the aame rate .
as specified in that note, ahall alto be aecured b~ t6is mortgage.
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