HomeMy WebLinkAbout0699 ' , ' . • a
~ ` . . MORTGAGE ~2~~~ ~ ~o
~
Gcily Haa~n
,
the mortgag~or , in oonsideratioA of thc principal aum apeciEied in t6e promiasory , noite
htrcafter daaibed, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., s
~ ~ -_-~-r ~l:a I ~L .L~ Qti~~ .~i ~l~~as ?1~~ ntM~n~ ~s i
~~ld~~ ~~~A~l~L~,'Y aiiY \.AaO~aaaa wiaw.~ w~. ~.~iii3 'vi ~ cvc~ ' _ ~^9 '
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~ on thia day of , 19.~, morcgag~ea w the Mortgagee the rea!
praperty ut St Lucie Countq, Ftorida, dcacribod as: -
• Condominium F$roel: Block 0 , Lot ! 1 of HOLIDAY OUT
AT ST. LUCIE, a aondowinium, aoeording to the Declaration of Condo-
minium thercof reoorded in Official Re~rda Book 168 at page ~348,- oE
the Public Reoorda of S~ Lucie County, Florida. As provided for by the
Condominium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Swtutea, 1965 EG Seq.) aaid deacription in thi: oonveyance includea, .
but ia not limited w. ali appurtenanoes t,~ the oondominium paroel above
deaeriM:d, inciud.ing the iimited comman etementa a~ignod - thereto and
including the undividod intereat ia the oommon elementa of aaid oo~do-
mi.o.ium. .
THIS IS A PURCHASE MONEY MORTGAGE ~
Aa aocurity tor the PaYmmt of the pmmis~ory note of wluch the following ia a oopy:
~ 6,541.00 , March 16 , 29.2~.
. For Value Roceived, I, we or eitlier of us.pmmiae to pay to the order ~ HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Offioe Boa 161, Stuart, Florida, or aay other pL~oe
as the holder hercof designate in writing, the aum. of Six Tbaisaad PY v~ Htm rad
as m
Forty-o~e b no/ iy~~ on thc princip~l amount loaned, payable in
- tqual oonsecutive montlily installmenta of ;~•02 1~19.22 and the fitst
installment to booome payable on the 16th April - 19~, and
,
one such inatallment to beoo~ne due and payable on tbe ~6~ day of eac6 auooceding month
until t6e whole of said indebtedneas ia paid, with int,ereat fro~on
at the rate of ~1~. per oent per annum afur maturity. .
In the event of prepayment, a deduction from the amount due on aooount of unearned
interat shalt be alla~v~d. ~
It ia agreed that. rime ia of the eaaenoe of this c~ontract and t6at in t6e event of defauit ia
papment of anq inatallment for a period of thirty daya the 6oldtr of thia note maq, at its optio~n,
declare all the rrmainder of the said debt due and ooltecdbte and any failure to enerciae aaid ~
option ahall not aonstitute a waiver of the right w exercise the same at any other time. In the
event af default. in payment of this aote and if the same is laced in the handa of an atwm for
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collection, I, we, or eit6rr of us to all caata 1 p ~
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fee. In case pa'ment ahall not be made at maturity, the malcera, sureties and endorsers joindy and
! aeverally agree to any extensions or retiewala without further notice, binding ourselvea for paymeat
' thereof, aa if no extensions af ;time or forbearance of payment had been mads or grant,ed.
.
, I, we or each of us, whet6er principal, security, gnarantor, endoraer or ~ other party herew, -
agree to be joindy and aeverally bound. I or we, each further waive demand, proteat and notioe
of demand, protat and non~apment -
~ - -
s/ (SEAL)
s/ (gEAI,)
and agre~a:
1. To make alI payments required by that note aad thia mortgagr prnmpt~y when due. ;
2. To paq all taxea, asseasmenta, liens aad encumbrancea on t6at property prompdq whea
due. If thry are not prompdy paid the Mortgagee may pay them wit6out waiving the option to
foreclose, and auc6 paymmta, wit6 int,~rest t6+ereon from t6e date of payment at the aame rate aa
specified in thac note, shail also be ~ecured by thia mortgage. `
i 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged ~
~ ~ ProPt~• ~ .
4. To pay all expalses reaaonably incuned by the Mortgagee baauK o# failure of the
Mortgagor to comply with the agreemeats in that note or thia mortgage, including reasonable
attorneys' feea. Tlre oost theraof, with intenat ther~on from t6e day_ of payment at t6e same rate
; . aa apecified in tl~i _~ote, ahall alao be aee,vrod by thia mortgage. .
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