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HomeMy WebLinkAbout2389 ~ , ' MORTGAGE lf 89~3 T. S. Hinshaw & Mrs. T. S. Hinshaw , the mortgagor . in consideration of the principal sum apecified in the promissory note hereafter described, received from HOLIDAY OUT IN AMERICA AT ST. LUCI~, INC., a oorporation organiud and existiug under the Lawa of the State of Florida, the Mortgagee, hereby on thia _5~h__ day of Fe . uary , 1968 , mort,gages to the Mortgagee the real proptrty in S~ Lucie County, Florida, d~cribcd as: ~ , Condominium Parcel: Block C , I.ot i 3 of HOLIDAY OUT ; AT ST. LUCIE, a oondominium, aooording to the Declaratioa of Condo- ; minium thereof reoorded in Official Reoorda Book 168 at page 1348, of ; the Public Reoords of S~ Lucie County, Florida. As pmvided for by the = Condominium Act of the Statutea of the State of Florida, (Chapter 711, Florida Statutea, 1965 E~ Seq.) said deacription in thia uonveyaace includea, but ia not limitcd to, aU appurtenancea to the oondominium p~u+cel above deacribed, including tbe limited common elements aasignod therew aad including the undivided intereat in the oommon elements of said ~ndo- minium. THIS IS A PURCHASE MONEY MORTGAGE As security for t6e payment of the promissory note of w6ich the following ia a aopy: ~ 4, a 49 . 80 ,~ori,~, Februarv 6 , 19 6. For Value Received, I, we or either of us promiae 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 herrof may designate in writing, the aum of Four Thousand Five Hundred Forty Nine &.80 1~~~ w~~ ~a~ ~~t on the principal amount loanod, payable in 60 equal ~nsecutive monthly inatalLnents of ~ 75.$3 firat installment w beaome payable on the _.~Z.b.__ day of _ % _ . 19 , and one such installment to become due and payable on t6e day of each suoceeding month until the whole of aaid indebtednesa ia paid, with iatereat from F_bru rv 6, 1968 , s at the rate of - 6 per omt prr annum afttr maturity. E ` In the eveat of prepayment, a deduction from the amount due on accvunt of uneained ~ interest ahall be allowal. ~ It is agreed that time is of the easence of t6ia oontract and that in t6e event of default ia ! ~s • ~ payment of any installment for a period of thirty days the holder of thia note may, at its option, declare all the rtmainder of the said debt due and oollectible and any failure to exetcise said ~ option shall not oonstitute a waiver of the right to acercise the same at any ot6er time. In the ~ evmt of default in payment of this note and if the aame is placed in the hands of an attorney for collection, I, we, or either of us agree to pay all co~ts of oollection, including a reasonable attorne~a fee. In case payment ahall not be made at maturity, t6e makers, sureties and endorsers joindq and severally agree w any extensions or renrwala without further notice, binding ourselves for payment thereof, as if no extenaiona of time or forbearancx of payment had been made or granted. . I, we or each of ua, whether principal, aecurity, g~~~r, aidorser or other party hereto, ` agree to be joindq and aeverally bound. I or we, each fnrther waive demand, protest and notice of demand, proteat and non~aymeat ~ . i r;i Instru?nen} prepore~ yr / ~ _/S~j..` f ' \ ) 1hJUDnY pUT ns aW ~ ~ P. O. Cxu..er 8q • • Jr.:¢n 6each, F~;~~c1c 33157 . ~S~L~ ~ ~ ` and agrtd: ~ 1. To make all ents uind by that note and thia mortgage promptly when due. ~ PaYm n9 ~ Y. To pay all taxa. auessmenta, liens and encumbrances on that propert~r promptly when due. If they are not prompdy paid tbe Mortgagee may pay them without waiving the option to foreclose. and :uch payments, with interat thereon from the date of paymrnt at t6e same rate aa - specified in that note, st~ll also be secnred b~ thiu mortgage. 3. To commit, permit, or suffer no Nake, impairmeat os detrrioration of the mortgaged P~P~~• ~ 4. To pay all expensa rasonabl~ incutred by che Mortgagee bec,ause of failure of the ~ ;iortgagos to oomply aith the agreemena in t6at note or this mortgage. including nasonable attorneys' fea. The mst thrrcoE, with intenu thereon from the day of payrment at the same r~te ~ as apecified 'w t6at note. shall al~o be ia.vred bq t!w mottgage. ~ ~ ~~i?Z P,~2375 ~ ~ - _ _.r _ _ _ < _ _ ~ v _ ~ - - .~~~~~r - .