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~ MORTGAGE 'Z~~~U68 ~ f ~ ~f~
8~
_ ~Lonnie C. Inaan and/os Vir9inia J. Inaaa, his wif~
. , . ,
the mortgag~or . in consideration of the principal sum specificd in the promissory note
hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCIE, INC., a
rnrporauoa organized and existing twc~er the i.~w~ oi the ~~a~~ u~ ~lurici~, t~~ ~i~rtg-~~, u~by -
on this _.~4~hr day of - wPYil , 19 7a , morc,ga,ges to the Mortgagee the real
property in S~ Lucie County, Florida, des~xibed as:
Condominium Parcel: Block C , Lot / 8 of HOLIDAY OUT
AT ST. LUCIE, a oondominium, aoaording to the Declaration of Condo-
minium thenof recorded in OfEicial Records Book 168 at page 1348, of
the Public Recorda of St Lucie Gounty, Florida. As pmvided for by the
Condominiwn Act of the Statutes of t6e State of Florida, (Chapter 711,
Florida Statutes, 1965 Et. Seq.) said description in this conveyanc;t includes,
but is not lunited to, ali appurtenances to the condominium par+cel above
described, inctuding the lunited common elements aasigned thereto and
including rhe uadivided interest in the common elements of said aondo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As saurity for the paym+ent of the promiasory note of which the following is a c~opy:
; 7,920.54 - , Florida,~ril 16, 19 72 .
For Value Received, I, we , or either of us promise w pay to the order of HOLIDAY OUT
IN AMERICA AT ST. LUCIE, INC., at Post Office Box 161, Stuart, Florida, or any othtt place
as t6e holder hereof may desigiiate in writing, the aum of ~usaud Niae Hundred ~entq
and 54/100"-""_ Dollars, which includes interest on the rincipal amo Ie in
120 equal oonsecutive mont6ly installmenta of ;~•00/b6.54~~~6; a~t
~ first
y installment to beoome payable on the _.._~4~.4 day of ~?Y , 19 72 , and
~ W.; ~ one such installment to bec~ome due and payable on the 16~ day of each succeeding month
~ until the whole of said indehtedness is paid, with interest from ~ril 16~ 1972
W~~ $ at the rate of 9•9 per oent per annum aft~r maturity. ' ~
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In the event of prepayment, a deduction from the amount due on account of uneazned
z~~=; interest shali be allowed.
m^'g` .
" tr Y It is a
g r
e
c
d that tune is of the essence of this contraa and that in the event of default ia
payment of any installment for a period of thirty days the holder oE this note may, at its option,
declare all the remainder of the said debt due and callectible and any failnre to exercise said
o ~ option shatl not constitute a waiver of the right to exercise the same at any ot6er time. In t6e
~ Z event of default in payment of this note and if the same is placed in the hands of an attorney for
y ~ collection, I, we, or either of us agree to pay all coats of collection, including a reaaonable attorne~a
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointlq and
severally agree, to any extensions or renewals without futther notice, binding ourselves for payment
thereof, as if no extensions of time or forbearance of payment had been made or granted.
' I, we or each of us, whether ~principal, aecurity, guarancor, endorser or other party hereto,
agree to be joindy aud severally bound. I or Nre, each further waive demand, protest and notice
of demand, protest and non-paymene
s/ (SEAL) -
~ ~ (SF.AL)
and agrcea:
1. To make all payments required by that note and this mortgage prompdy when due.
2. To pay all taxes, assessments, liens and encumbrances on that pmperty promptly when
due. If t6ey are not promptly paid the Mortgagee may pay them without waiving the option to
foreclose, and such payments. with interest thereon from the date of payment at t6e same rate aa
specified in that note, shall also be secured bq this mortgage.
I " S. To commit, permit, or suf€er no waste, impairment or deterioration of the mortgaged .
! property.
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! 4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
i Mortgagor to comply with the agreements in that note or this mortgage, including reasonable
attomeys' fees. The cost thereof, with intereat thereon from the day of pa~nent at the same rate
~ as specified in that note, shall also be secured by this mortgage.
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BOOK PACE JV~
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