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. MORTGAGE ~'r
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Rred B. Heider~ar~id N. Carol Heider, hfs wife
the morcgag~or , in ~onsideration of the principal wm apecified in che prawi~ory note
6erufter deacribod, nceived from HOLIDAY OUT IN AMERICA AT ST: LUCIE, INC., a
0o ra n o ized and euistu~ undy~r the, ~w,s of the StaEe of Florida, t6e Mortgag~e, hereby
on~thisa~~..~daiy of _ H PRi~ 19 , mor~gages to the MortgagK the
propesty in S~ Lucic Countj?. Florida, dcacribed as; .
Condominiwn Paral: Block J , Lot; 3 of HOLIDAY OUT
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AT ST'. LUCIE, a oondominium, aooording t,o che Declaration of C,rond~o. ~ g"
minium t6enbf r~oorded in Official Remrda Book 168 at page 1348,._ o# ~
the Public Reoorda of St Lucie County, Florida. As pravided for by , the ~ ~ ~
- . Gondominium Act of the Statutes of~ t6c State of Florida, (CY~apter 71I, ~ ~~pt
. Florida Statutea,1965 E~ Seq.) said.deacxipcion ia this aonvepance includea.
but is not limited w, all appurtenancea w the oondaminium paroel above ~
- descxibed, inctuding the limited oommoa elementa aasigued thereto and ~
including che undivided inttrest in the ooanmo~ elements of aaid oond~a :
minium.
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THIS IS tA PURCHASE MONEY MORTGAGE . ~
Aa security for the paymmt of the promisaory notc of whict? thc following ia a aopy:
# 5, 37 4. 35 i 1~i~¦k'!* 19 ~ 2 _
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For Valae Received, I, we ar either of ua promise •w pay to the order of HO AY~ OUT
IN AMERICA AT ST. LUCIE, INC., at Poat Offioe Box 1~1, Stuart, Fiorida, or any ot6er place
aa the holder henof may designate in writing, the sum of Six Thou~and Three Hundred Seventy-
Four and 35/1~0---_--~~ ~~t on _tbe principa1 amount loaned, payable in
S9 and one ~ual oonsecutive monthly ents of j 1DG • 22 !].07. 3~,~h, aad the firat
inatallment to beoome payable on t6e ~h~~~~ of ig 72 .
~ one auch inatallment to btcome due and payable on the each suoceeding month
until the whole of said indebt~?esa ia paid, with int,ereat from
at the rate of 5. 596per ceut per annum after maturity. a,~`~ ~ z 1~
In the event of prepayment, a deduction from the amoun; due oa aoo~unt of unearnod
interest shall be allowed. ~ ~
It is agreed that time ia of the esaence of this aontract and that in the event ~ default in
payment of anq installmmt for a period of thirty daya che holder of thia note may, at ita optio~,
declare all the remainder of the said debt. due and collectible and aay. failure to exer~ciae aaid
option ahall not o~nstitute a waiver of the right to exercise the same at- anp other timt. Ia th~
event of default in payment of this note and if tLe aame ia placed in the hands of an attorney for
c~ollection, I, we, or eithtt of ua agree tp' pay all costa of collection, includiqg a naaonable atwrney'a
fce. In case pa'ment ahall not be made at maturity, tLe-ma,kers, sureties and endorsers joindy and
aeveraily agree tfl any extensibns.or renewala without further notice, binding ourselva for payment
thereof, as if no exta~aiona. of tim~ o~ forbearance of payment had becn made or granted.
I, we or each of us, whether principal, aa;vrity, guarantAr, endotaer or othcr party hereto, ~
agree to be joindy and severally bound. I or we, each further waive demand, pmtest and notice ~
of demaud, prote~t and non-paymmt - , ,
a/ ~ . - ' (S~) .
s/ "i (3g.AI,)
and agi+ea:
1. To make al~ payments required by thac note aad thia mortgagr promptl~? whrn dur.
Y. To pay all taxes, aaseaamrnta, liena and encumbrances on that P~P~Y P''~PVY ~rhen
due. If t6ey are not promptiy paid the Mortgagce may pay thtm w~thout waiving the option w
foreclose, and such payments, with interest thereon from t6e date o~ paymeait at the aame rate a~ .
apecified in ~ that aote, s6aU alaa be aecured by thia mortgage. .
3. To oommit, permit, or auffer no wa~e, impairment or deceriorarion of t6e mortgaged ~
P~P~'• .
4. To pay all e~cpensea reasonably incurred by the Mcmgagee beeawe ~ failure of ~ tbe
Mortgagor to rnmply with the agreemwta in t6at note or thu mortgage, including rea=onable `
attornry:' fees. 'I'he co~tt thrreof, with intrrat ther~an from the day of pajrment at the aamc ntc
as specified in that note, ah~ll also be ~ecurod by this mortgage.
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