HomeMy WebLinkAbout0196 . _ ~ . . ~ o0
' MORTGAGE ~ ~
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Yacca=a_and~C~c--Do11~-N.-1~?c.caro.--- ,
the raortgagor , in consideration of the principal sum specified in the promissory note
hereafcer described, received from HOLIDAY OUT 1N AMERICA AT ST. LUC1E, INC., a
corporation organized and exiscing under the Laws of the State of Florida. the Mortgagee. hereby
on this _.~st-- ~Y ---------~?Y---- 19~. mortgages to the Mortgagee the real
propeny in St. Lucie County, Florida, described as:
~ Condominium Parcel: Bla:k I________, Lot oE HOLIDAY OUT
AT ST. LUCIE, a condomin m, according ta the Declaration of Conda
minium thereof recorded in ~fficial Records Book 168 at page 1348. of
the Public Records of S~ Lucie County, Florida. As provided for by the
Condoininium Act of the Statutes of the State of Florida, (Chapter 711,
Florida Statutes, 1965 Et. Seq.) said description in this conveyance includes,
but is not limited to, all appurtenances to the rnndominium parcel above
described, including the limited common elements assigned thereto and
including the undivided interest in the common elements of said oondo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
As security for the payment of the promissory note of which the following ia a oopy:
~-~a ~c?~1 • Sg - ~ Florida, May 21 , 19 ~2 .
For Value Received, I, we or either of us promise to 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 the holder hereof may designate in writing, the sum of Six ThousaadT~te~ Hundred Ni~+ety-
~d ~/lOOnollara, which includes interest on the principal amount lc~tned~ ~ableQi~ ~ -
60 _ equal mnsecutive monthly installments of ; 106. 52/ 106.90 ~~t
installment to become payable on the ___?~h day of J~e 19_~? , and
one such installment to become due and payable on the day of each sueceeding month
until the whole of said indebtedness is paid, with interesc from __~7 a-
at the rate of per cent per annum afcer maturity
i In the event of prepayment, a deduction from the amounc due on account of unearned
{ interest shall be allowed. .
~ It is agreed that time is of the essence of this convact and that in the event of default in
~ payment of any installment for a period of thirty days the holder of this note may, at its option,
declare all che remainder of che said debt due and collectible and any failure to exercise said
~ option shall not constitute a waiver of the right to exercise the same at any other time. In t6e
event of default in paymenc of this note and if the same is placed in the hands of an atwrney for
collection, I, we, or either of us agree to pay all costs of collection, induding a reasonable attoiney'a
fee. In c~se payment shall not be made at maturity, the makers, sureties and endorsers jointlq and
severally agree to any extensions or renewals without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbea~rance of payment had been made or granted.
I, we or each of us, whet6er principal, securiry, guarantor, endorser or other party hento, -
agree to be jointly and severally bound. I or we, each fu waive demand, protest and notice
of demand, protest and non-paymen~ ~
s~ ~ ~ cs~-)
- a/ ' ~ (SEAL)
~ and agreea:
~ 1. To make all payments required by that note and this mortgage promptly when due.
~
~ 2. To pay all taxes, assessments, liens and encumbrances on that property promptly when
~ due. If they 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 the same tate as
~ specified in that note, shall also be secured by this mortgage.
~ 3. To commit, permit, or suffer no waste, impairment or deterioration of the mortgaged
~ property.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
~ Mortgagor to comply with the agreements in ttiat note or this morcgage, including reasonable
attorneys fees. The cost thereof, with interest thereon from the day of payment at the same rate
as specified in that note, shall also be secured by this mortgage.
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