HomeMy WebLinkAbout2863 - • . . ~ ~
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~ ~ ~ ~ ~ MORTGAGE
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~ Willis~ A. t~w?tacick ~q„~Ma~rn A. Fitst~atrielc his y~l~ .
. th~ mortgagor . iii consideration oE the principal :um spocifKd in ~he promisaory note ~
hereaf~er deacribed, received f~rom HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
~ oorparation organirxd and exiati~g uader the Iam of t6e State of Florida, the Mortgagee, hereby .
~ on this 26te dap of - 1~6trah 19_ZZ.., morRgaga w the Mortgag~+e the re~l
property in S~ Lu«e County, Florida, deacribed as: ~
.
~Condominium Paroel: Block I,At i_ '-2Z_ ~ HOLIDAY OUT ~
AT ST. LUCIE, a a~ndominiwn, aooording Lo the Declaration ~ Conclo~ ~ 4Y
~ minium thercof reoorded in Official Rceorda Book 168 at pa~e 1348, of . 8'
the Public Reaords of St Lucie Caunty, Florida. Aa provided ~or by the -
Condominium Act o# the Swtutea of the State of Florida; (Chapter 71I, ~
Florida Stacutea, 1965 E4 Seq.) aaid descriptiun ia this aonveyancx wcludea, 8~ E;•
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but is not Iimited to, all appurtenancea to the oondami.nium paroel above •
deacribed, inctuding the limited oommon elemcnta a~igncd thrret~ and .
includiug~ the uadivided ituereat ia the common elema~ o~ aaid oo~do- ~
minium. _ ~iC~. ~ '
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~ THIS IS A PURCHASE MONEY MORT~AGE -
b~~ ~
Aa aecurity for t6e paymcnt of the promiaaory note"of wtuch the following~ ia ~ a oopy: .
7, 920. 54 ~ 1~urch 26, ~ 19_.3,~.
For Value Receivedr I, •wc or either of ua promiac ta pay to th~ oi+der of HOLIDAY 4UT
IN AMERICA AT ST. LUCIE, INC., at Poat Olfice Box 161, Stuart, Florida, or anq atber plaoe
as t6~ holder hereof may deaignatc in writing, the aum of s~v~ 2be~~d x;~Q I~n~+dr~_'11ir~ntr
and 54/100-------=-- Dollais, wLich includes intereat on the priacipal amo~Y l~aned, ~ble in
120 ~ equal oonsecutive monthly installments of ~b_-b-~.Q,[l~6,~ °~ea~ia~~a'~6
, t fitst .
inatallment to beoome payable on the 26th ~r _ /1Rrf 1 . 19~, and
.
one such inatallmen~ to beoome due and payable on the 2~ day o~ each suoaeding m,oath
until the whole of ~id indebtedaeaa is paid, wit6 intereat from t?~sr~!+ 26? Zg~_ .
at the rate of 9•9 per aent per annum after maturity. .
In the event grepaymenc, a doduction from the amount due oa aocount of uneuaed .
interest shall be allowed. ~
It is agreed that time ia of the essenae of this contracx and that in the tvart o# default in
payment of~ any instalimmt for a period of thirty daya the holder of this note may, at its opti~,
dectan all the r~emainder of clze aaid debt dne and collectiblr and any failure to exerciae said
option ahall aot ovnatitute a waiver of rhe right to exerciae the aame at any other time. In the -
event of default in payment of. t6is note and if the aame ia placed in the hands of an atwraey for
collection, I, we, or either of ua agrce to pay all costs of collcction, including ~a reasonable attomey's
• fee. In caae payment ahall not be made at maturity. the maker~, suretiea and endorarra joindy and
aeverally agree tio any pctensions or renewala without further notice, binding ouraelvea for pa'taent
thereof, as if no extensions of time or forbearance of paymant had been made or graatod.
I, we or each of us, whether prineipal, accurity, guarantor, endorarr or other party hereto,
agree to be jointly and aeverally bound. I or we, each further waive demand, pmteat and notice
of demand, pmtest and noa
pa?ymea~
. • •
_ s (SEAL)
~d . (SEAI..)
1. To maice all PaYmenu required by that note aad tbia mortgage prompdy when dua
2. To pay all taxes. asseaaments, liena and encumbranca on that pmperty prumpdy w6ta :
due. If they are not pramptly paic~ the Mortgagee may pay thpon without waiving the option w
foreclose. and ~suc6 paymenta, with interat thereon from -the date of paymeat at the same rate as
apocified in that note, ahall also be se~urod by this mortgag+e. -
3. To commit, permit, or suffc~r no waate, impairment or deterioration of t6e mortgaged
P~P~Y• _
4. To PaY all expenaea reasonably incurred. bq che Martgagee baawe of failure of the
Mortgagor to aomply wich the agreemarta in t6at note or this morcgage. including reasonable
attorneya' fea. T6e cost thereof, with intere~t thereon from tht dar of payment at t6e samt nte
~:pecifiod in that note. ahall alao be secured by thi~ mortgage. ~
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