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Home My WebLink About0307 ; _ ' ' 'I d ~ . , • _ - MOR~rAGL+'' a o~ . . . . . . ~ ~ ~ ' ~a~ . . ~oseEh S. Horvatd a~d Mary B. Horvath, his wi#e th~ mortgagor , in oonaideration of the principal aum apecified iu tbe promi~sory note hrreafter deacribed, reoeivod fmm HOLIDAY OUT IN AMERICA AT S'I'. LiTCIB, INC.; a oorporation orgaaiud and cxisting under t4e La~ ~ th~ State of Floxida, the Mortgagee. htreby 21st ~r pf ~February~~ lg ~Z , mortgagea w the Mortgagce the real ~ pmperty in St Lucie County. Florida, de~cxibod as: - Condominium Punel: Block D ; Lot ! 22 of HOLIDAY OUT AT ST. LUCIE. a oondominiwan, a~oooiding to the D~claration of Condo- . minium thereof reaordod in Official Reeords Book 168 at page 1348, ~ the Public Reaords of St Lucie County, Florida. As psovided far by the Condominium Act of the Statutes of the State of Florida, (C.hapt~er 711, Florida Statutea, 1965 Et, Seq.j said deacription in ttw oonveyanex includea, . but ia not limited tQ, all appurtenaacea w t6e aondomiaium pamel above _ described, including the -linnited oommon elements aasigned t6erew and. including t6e undivided int,erest in the connmon elements of said aondo- ~ . minium. , THIS IS A PURCHASE MONEY MORTGAGE ~ As aecurit~ Eor the paym~t of the promisaory note of whic6 the following ia a oop~ ~ 7 ~ 9~6 _ 90 . , February 21 ~9 72 ' For Value R~oeived, I, we or either of ua promi:e oo.pay eo the order of HOLIDAY OUT IN AMERiCA AT ST: LUCIE, INC., at Poat Offioe Box 161, Stuut, Florid~, or any other plaoe as the holder heroof may desiAnate in writin~. t6e aum of Seven Thousand Nine Hundr.ed 1~enty- six and 90/100-------~~ which includes intereac on the principal ~mnount loanod, PaYable in 119 equal o~naecutive monthly installments of ; 66 O~~k.. each, and the fu~t inatallment to beoome payable on the 21st ~y ~ ~larch • 7? ~ one auch inscallment to beeome due and payabl~ oa the day o~ ea~ suaeedin8 month . uadl the whole of aaid indebt,ednea~ is paid, with iat,ereat fro~m FebYUary 21, 1972 ' at the nte of 9•9AG~. ceat per anaum afcer maturity. . . ~i In the event of Prrpayment, a deduction fmm the amount due . on aooount of unearned _ ~ interest a6a11 be allowed. ~ - It is agned that time ia of the ~essenae of this oontract and that in the tvent of drfault in ~ paymwt of any inatallment for a period of thirty daya t6c ho~er of t6ia note may, at its option, declare all tiie remainder -of che said debt due and oollectible and any failure to exercise aaid option ahall not oonatitute a waiver of the right tfl exerciae the aame at any othrt time. In the ev~t of default in gayment of t6i.a note and if the same ia placed in the hands of aa auorney for ~ oollection, I, we, or either of ua agree to pay all cous of collection, including a reasonable attome~a _ fee. In case paya?ent ahall not be made at maturity, the makers. suretiea and endoneis jointty~ and . aeverally agree to any extensiona or renewala without further notice, binding ourselves for payme~nt - thereof, aa if no excenaions of time or forbearana of payment had beeu made or granced. I, we or each of ua, whether principal, socuritp, gaaranwr, endoraer or other party htr+ew. agree to be joindq and scwerally bound. I or we, each aive demand, pmteat and noticx a~ demand, pmteat aad n~?~ayment ~ - a/ ~5~~ s/ (S~) ~ ~ • ~ 1. To mate all payments required b' tLai note and thia mortgage promptly when dut. Y. To pa~r all taxes, asaamnents, lirns and encumbrances on that property prompdy whea due. If they are not promptly paid the Mortgagee may pay them without waiving the option to foreclose, and such paymenta, with intereat thereon fnom the date of pa~mnent at the same rate as specifiod in that uote, ahall also be aecured by this mortgage. 3. To commit, prrmit, or auffer no waste. impairment or deterioration of the mortgaged - P~P~Y• ~ _ - ~ 4. To pay all txpenaea re~aonablT incurred by the Mortgaget baause oE fxilure of the Mortgagor to aomply with the agreemenb in that note or this mortgage, including reaaonable atwrneys' fra. T6e c~st theroof. with intereat thrreon from the day o# papmant at the same iate ; ~:pecified in tbat note. shaU alw be xcurod bp this mortgage. . ~ ~ ~ - ~ ~.,~"-~Y - -