HomeMy WebLinkAbout0313 . . 2~68~9 ~ ' ~ o 0
p ` . MORTGAGE . ~ ,
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W~~ A. M t1.~ and B~~Cyl F. Miinkolaau, his wi~~ ~
the mortgag~oi , in coasideracion of the principal aum ~ apeciEied ia the promissory noee
6ereafter deacribed. reaived from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
~ oorporatian orgaaiud s~nd existing under the Laws of the State aE Florida, the~tortgagee, hereby ~
isth d~' of - Mtuceh , 19 72 , mortgagea to the Mortgagee the ~eal
property ia S~ Lucie County, Florida, des~xibed as: .
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Cwndominium Pu+cel: B~ock ~ Lot / 13 ~ of HOLIDAY OUT
AT ST. LUCIE, a ootidomuuum, aooording t,o t6e Declaration of Cvndo-
- minium thtreof rooorded ia Official Reoor~ Book 168 at paga 1348. of _
the Public Reoorda of S~ Lucie County, Fiorida. Aa provided for by the t
Cw~dominium Act of the Swtutea of t6e Sta~t~ of Florida, (Chapter 911,
Florida Statutea,1965 E~ Soq.) aaid dacription in thia ~nveyanc~ iacludes, .
but ia not' limited to, all appurcenances ta the oondominium paral above
' desctibed, including the limited common elemenca assigned therew and .
including the undivided intereat in the oommon eleme~ta o£ aaid aon~o-
min~iuan. ~ ~
THIS IS A PURCHASE MONEY MORTGAGE
Aa aocurity for the payment of the promiasory note af which the following is a copy: .
7, 929. 65 March 15, , 19 7Z
For Value Received, I, we or either of ua promiae to paq tv the order of HOLIDAY OUT
---IN AMERICA AT ST. LUCIE, INC., at Poat Oftioe Box 161, Stuart. Florida, or any other- plaoe s
as the holder hereof may designate in writing, the aum of ~e ~~ty-
Seven and 65/100------ which includes intereat on the principal amou~~l ed, ble ia_
120 ~qual ao~aeeutive monthly inatallmeaa of ~.5~6~~-~1 , ~ fint
inatallment to become payable on the ~'~th day of ~ I9~, and
one such inatallment w beoome due and payable on the lg~ da~r ~ each suace~ding month
until the whole of said indebtodneaa is paid, wit6 interest fz+om ~Y~ 1~~ 1972 ,
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I In t6e event of prepapment, a doduction fro~nn the amount due on ac~oount of unearned
intereat ahall be allowed. •
' It is agreed that time is of t6e easa~e of thia contract and that in the event of default in
~ payment of atiy inscallment for a period of thirty days the holdtr of this note may, at ita option, ~
~ dociare all the reffiainder of t6e aaid -debt due and oollectible and any failure w egercise rdid }
option shall not oonatitute a waiver of t6e right to exerciae the aame at any other time. Ia the
event of default in payment .o~ thia note and if the aame u placed in the hands af an atwrney for
collection, I, we, or either of us agree w pay all coata of collection, including a reasonable attorne~a
fee. In case papment shall not be made at maturiq?, the maker~, suretiea and endoracrs joindy and- ;
severally agree w any extenaions or renewals without furthet notice, binding ourselves for payment ~
thereof, as if no extensions of time or forbearance of pay~nent had been made or grant,ed.
I, we or each of us, whether principal, aecuritq, guaru?cor, endorser or other party 6ereto,
agree to be joindq and severall~r bound. I or we, each furthrr waive demand, protest and noticx ~
of demand, protest and non-paymen~ ~
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1. To make all payments requued by that nou and this mortgage Fromptly whm due.
Y. To pay all taxes, aasesaments, liens and encumbrances on chat property prompdy when
due. If thcry are not prompdq paid the Mortgagee may pay them without waiving the option to
foreclose, and auch payments, with intereat thaeon from the date of payment at the same rate aa
specified in that note. ahall also be secured by this mortgage.
3. To commit, permit, or suffer no wa~te, impairment or deterioration oE the mortgaged ~
. P''°Per~7• ~
4. To pay all acpensea reasonably incurred bjr the Mortgagee becauae of failure of the ~
Mortgagor to oomply with the agreemmta in that note or thia mortgage, including reaaanable ~
attoraeys' feea. The cost thereof, ~vith intereat thereon from the day of~ayment at t6e same rate ~
aa specified in that note, shall aLo be aocured b~ thia mortg~ge. - ~
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