HomeMy WebLinkAbout0498 ~ + QD '
! 229066 ~
~ MORTGAGE f~~' ~ ~
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Patri~ Vs S~at~ord anrt v~~,Qin~s Iji,~~~~at~nrd~~,s
,
the mortgagor , in consideration of the principal aum apecified in the promissory note
hereaEter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
~~zw:i~~ ~~e..r~~ ~.a exev!e~a ~~Pr ~e ~~?s ~f the S~ce of Florida. t6e Mortgap~ee. herebY
on t6ia ___~A~, day of AP~~1 , 19___?~s mortgagea to the Mortgagee the real
praperty in St. Lucie County. Florida, descxibed aa:
Condominium Parcel: Bloclc ____P , Lot ! of HOLIDAY OUT
AT ST. LUCIE, a condominium, aacording to the Declaration of Coado-
minium thereof reoorded in Official Reourda &~ok 168 at page 1348, of
the Public Records of S~ Lucie County, Florida. As pr~vided for bq th~
~ Condomiuium Act of the Statutea of the State of Florida, (Chapter 711,
Florida Statutea, 1965 EG Seq.) aaid descxiption in this conveyance includea,
but is not limited w, all appurtenances to the oondominium panel above
de.scribed, including the limited common elaments aasignod thereto and
including the undivided intereat in the oommon elementa of said condo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
Aa aecurity for t6e payment of the promissorir note of which t6e following ia a aopy:
i ~~9~-~ ~ , Florida, ~1-?2~---, 19~Z2.
For Value Received, I, we or either of ua ~romise w pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any other place
as t6e halder hereof may designate in writing, the aum of ~ve~a Tbnusand ~nss 'n.s.+ty
and 54/ZOO------- Dollars, which includea intere,st on the principal amou~~lo~ned ble ia
- _ 12d equal ~nsecutive monthly ins~~ta of ;~6.00/~_ firat
installment to become payable on t6e 22nd. ~y of May , 19 ?2 , and
one such installment to become due and payable on the ~~'21id. day of each suoceeding month
until -the whole of said indebtednesa is paid, wit6 interest from A~Yil 22 ~ 1972
at the race of 9•9 per cent per annum after maturity.
In the event of prepayment, a deductioa nom tae amount aue on accv~.u~ ~L ~~u~.;
~ ~ interest ahall be allowed.
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~ It is agreed that time ia of the essence of this contract and that in the event of default in
payment of any installment for a period of thirty days the holder of thia note may, at its option,
~ declare all the remainder of the said debt due and collectible and any failure to exercise said
3 option shall not constitute a waiver of the right to eacercise the same at anq ot6er time. In the
event of de#ault in payment of t6is note and if the same is placed in the hands of an atwmey for
g~ collection, I, we, or either of us agree to pay all casts of collection, including a reasonable attornt~a
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I''I w~ fee. In case paymen~ shall not be made at maturity, the makers, sureties and endorsers jointly and
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'i ~ t thereof, as if no extensions of time or forbearance of payment had been made or granted
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I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hereto,
~ ~ agree to be joindy and severallq bound. I or we, each er waive demand, protest and notice
of demand, protest and non-paymen~
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1. To make all payments required by that note and this mortgage pmmpdy when due.
Y. To pay all taxes, assessments, liens and encumbrances on that property prompdy when
due. If they are not prompdy paid the Mortgagee may paq them without waiving the option to
foreciose, and such payments, with interest thereon fi+om the date of payment at the same rate as
specified in that note, s6a11 also be secured bq thia mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~I P?OP~Y•
4. To pay all expenses. rcasonably incurred by the Mortgagee because of failure of the
Mortgagor to comply with the agreements in t6at note or this mortgage. including reasonable
attorn fees. The c th
eys ost ereof, with interest thereon from the day of payment at the same rate
; as specified in that note, shall also be secured bq thia mortgage.
' 800K PAGE ~9~ "
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