HomeMy WebLinkAbout0935 . • • Q~
• • • ~ ~ ~ ~ ~ MORTGAGE 233456
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Alvin E. Kramer and/or Ruth K. Kxaa~er~~his vrife ,
the mortgagor , in consideration of the principal sum specified in the promissory note
hereafter described, received fram HOLIDAY OUT 1N AMERICA AT ST. LUCIE, INC., a
coiporation organized and existing under the Laws of the State of Florida, the Mortgagee, hereby
on this day of J~~ , 1972 , morcg~ages to the Mortgagee the real
property in St. Lucie County, Florida. described as:
Condominium Parcel: Block D^__, Lot / 13 of HOLIDAY OUT .
AT ST. LUCIE, a condominium, acoording to the Declaradon of Conda
minium thereof recorded in Official Recorda Book 168 at page 1348, of
the Public Records of S~. Lucie County, Florida. As provided for by the
Gondominium Act of the Statutes of the State of Florida, (Chapter 911,
~ Florida Statutes, 1965 EG Seq.) said description in this conveyance includes, ~
but is not lunited to, all appunenances to the condominium parcel above
desaibed, including the limited rnmmon elements assigned thereto and -
including the undivided interest ia the rnmmon elements of said oondo-
minium.
THIS IS A PURCHASE MONEY MORTGAGE
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_ As securit~i-for the-payment of the promissory notc of which the following is a oopy:
920. 54 , Florida, June 20 , 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 ~3der hereof may designate in wricing, the sum of T~'~~~d Nitte Huadted
1~ventY ~d ~/1~ Dollars, which includes interest on the pri.nci 1 amount loaned, yable in -
119/One equal consecutive monthly installments of ~ 66.00 66.54 ~n~~~~ firat
installment to become payable on the ~h day of J1~1Y , 19~, and
- one such installment to become due and payable on the ~4t~_ day of each succeeding month -
. until the whole of said indebtedness is paid, with int~erest from ~0~ ~v of June~ 1972
~i at the rate of 4~SL per cent per annum after maturity.
In the event of prepayment, a deduction from the amount due on account ,of unearned
! interest shall be allowed.
It is agreed that time is of the essence of this contract and that in the event of default in
payment of any instaliment for a period of thirty days the holder of this note may, at its option,
declaze all the remainder of the said debt due and collectible and any failure to exercise said -
option shall not constitute a waiver of the right w exercise the same at any other time.. In the
event of default in payment of this note and if the same is placed in the hands of an attomeq for
collection, I, we, or either of us agree to pay all costs of oollection, including a reasonable attorney's
fee. In case payment shall not be made at maturity, the makers, sureties and endorsers jointly and
severally agree to any extensions or renewals without further notice, binding ourselves for payment
thereof, as if no extensions of time or forbearance of payment had been made or grant~d.
I, we or each of us, whether principal, aecurity, guarantor, endorser or other party hereto,
agree to be joindy and severally bound. I or we, each further waive demand, protest and notice
of demand, protest and non-payment~
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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 prompdy when
due. If they are not promptly paid the Mortgagee may pay them without waiving the option to
f6~eclose, and such payments, wit6 interest thereon from the date af payment at the same rate 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
propercy.
4. To pay all expenses reasonably incurred by the Mortgagee because of failure of the
Mongagor to comply with the agreements in that note or this mortgage, 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.
BooK 204 PA~E 935
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