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HomeMy WebLinkAbout1097 M 0 R T G A G E Suitiana, Md. Dou~las A. and Eleanor R. Venn, husband & wife, 2412 Green_Valley_Dr_.~_, the mortka~or~ in consideration of the principal sum specitied in the promissor~~ note hereaftei• de~~•r~!~ecl, re- r~~i~•ed from OUTDOOR RESORTS OF A:~iERICA, INC., a corporation organized and esi.ting under th-~ Laws ~~f the State of Tennessee. the Mortgagor, hereby on thi~_ 17 day of DeCeIDbel' _ 21~ mui•t~;<ige. t~ the riortgagee the real property in St. Lucie Count~~, Florida, described as: Lot No.41~II __in that certain condominium known a.s OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAI~'D, as sho~ n by plat recorded in the Office of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE 110NEY i1fORTGAGE a~ securit~• for the payment of the promissory note of which the folloHing is a co~y: Installment Note ond Disclosure Statement 7$1~1~,iFp St. LuC ie Coullty_, F~orida ~ December 17 19 71_ F~?r ~'alue Recei~•ed, I, H•e or either of us promise to pay to the order of OUTDOOR RESORTS OR a~1ERi('~, INC., P. O. Box 1116, Jensen Beach, Florida, 33457~ or any other place as the holder hereof may d~~•i~,rnate in «riting, the sum of Seven thousand eight htuldTed fo t ~ 81+~+.1+0) Dollars, thi, sum being the Total of Payments referred to in the Disclosure Statemen e ow. ~ch includes a FINANCE c'IiARGF, on the amount financed, payable in 60 -equal consecutive monthly instaliments of ~ c 1~0.71t.__ each, and the first installment to become payable on the lst _day of February ~ ' l~_ 7~, and one such installment to become due and payable on the- lSt day of each succeeding month until~ the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash t~efore the fina} instaliment date, the unearned portion of the FINANCE CHARGE shall be rebated under ~ ~ the R~ile of 78's. t n ~ y° In the e~~ent of default in the due and punctual payment of any installment on this Note for a period of ~ _~irty (30) days. or if any statement. representation or ~arranty in any application for the credit evidenced ~ t~• this Note is found to he untrue in any material respect, or in the event THE UhDERSIGNED, WITHOUT ~ _='~HE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE V~'HICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ CL'NiBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ THE CREDIT EVIDENCED BY THIS NOTE or in fhe event of the incompetency, insolvency (howsoever ~ evidenced) or bankruptcy of anyone or more of the unders'igned, then the entire remaining indebtedness then ~ due shall become immediately due and payable at the option of the holder hereof without demand, presentment r or i~otice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right y to exercise the same at any other time. 3 ~ Time is of the essence of this Note. In the e~~ent any installment is not paid when due or within ten~ = days thereafter, the holder may collect, and the undersigned agrees to pa~ a late charge on such installment in~ ~ an amount equal to 5~~ of such installment or $5, whiche~•er is less, and in the event this Note ~s collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection,~ - including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ `3 T The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey andQ assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including suchQ homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all cost8 of collection,~ ' = and do hereby direct any trustee in bankruptcy having posses.ion of such homestead or exemption`~Eo deliver to~~ the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness eridenced~'~~ - hereby, or any renewal thereof, and do hereby, jointly and se~•erall~•, appoint the Holder the attorney in fact for = each of them, to claim any and all homestead exemptions alloK~ed b~• law. A first mortgage for the security of the aforesaid indebtednes~ is retained by OUTDOOR RESORTS OF AMERICA, INC., on Lot I~'o~~in that certain Condominium known sa OUTDOOR RESORTS AT NETTLES ~y' ISLAIv'D, and on any impmvements, fixtures or after acquired property added thereon, as shown by plat re- = c~~rded in the OflSce of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, paRe 1:1A . ~ . . r ~ : . . , . _ Y-'-` s- - - _ _ , - ~ _ ' _ F~ ~ `W ~ 1 _ ~.__?'v... ~.~.~.._,2'~ ~.+~y, ,