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Home My WebLink About1107 MORTGAGE 2~~'~ Earl V. $bner or Geor e H. Roberts J._S. H. 1 Ft. Pierce Fla. ~ _ _ - -------1- - 4 the moi'tgag~sr. i4~cp eration of the principal sum ~pecitieci in the promissc~r~• note herc~fter de~rri~wd~ re- ~ ~~E~i~~ed from OL''I~O 'RESORTS OF AMERICA, INC.. corporatit?n organized ~IiKI E'JC1:;tlI1~.C under th~~ LaH~s +~f the State of Tenne,see, the Mortgagor, hereby on this__~ __day of__._ D~OheT____ . 19__~l, ~ nu~rt~,?.?ges to the Mortgagee the real property in St. Lucie County, Florida, described a~: ` Lot No.~7~1 .____in that certain condominium kno~~•n as UUTDOOR RESORTS OF AbiER1CA AT I~ETTLES ISLA\'D, as shown Uv plat recorded in the Oflice of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A thruugh 1J. . ~ THIS IS A PURCHASE ~fONEY ;HORTGAGE ~ security for the payment of the promissory note of ~~•hich the following is a coFy: Instollment Note and Disclosure Stotement = g~ 4~. 00 St. Lucie Count~! . Fiorida f UocumenWry Stamps ~ afiued a+ginat not~ October_~___~ _ ig~l i ~ad unutled ! For Value Recei~~ed, 1, w•e or either of us prumise to pay to the order of OUTDOOR RESORTS OF .a.IIF:RI('A, INC., P. O. Box 1116, Jensen Beach, Flor icia, 33457. or any other place as the holder hereof may ,1~~,;~,•nate in ~sriting, the sum of Six thousand four_ hunGrea t:nirty five ~6~.00 ~ Dollars, c}~ix ~um being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ; ~~1(ARGE on the amount financed, payable i[L 60 equal consecuti~~e monthly installments of ~ ~ i~7' each, and the first installment to become payable on the 1St _day of Deeember . . 1 1 t1 71~_, and one such installment to become due and payable on the--~~~day of each succeeding month # ~~r:til the ~~hole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash s ~~.~f~~re the final installment date, the unearned portion of the FII~ANCE CHARGE shall be rebated under ' ±he Rule of 78's. ~ ~ In the e~•ent of default in the due and punctual payment of any instaliment on this Note for a period of i ~ ~ t}~irty (30) days, or if any statement, representation or w•arranty in any application for the credit evidenced ~ hr this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ ~ THE PRIOR WftITTEI~' CONSENT OF THE HOLDER HEREOF, SHALL SELL, E1~CUMBER (EXCEPT ~ ~ FOR ANY MORTGAGE ~'VHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ~ ('L'MBER OR COM:4IIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO r E~IST Oh' THE REAL PROPERTY PURCHASED BY TNE UNDERSIGNED AND FINANCED THROUGH ? ~ THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever ~ ~ e~•idenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then ; ~ ciue shall become immediately due and payable at the option of the holder hereof v?ithout demand, presentment i ~ ~~r notice of any kind. Any failure of hotder to exercise said option shall not constitute a waiver of the right ? to exercise the same at any other time. , ~ ~ _ K ~ ~ - Time is of the essence of this Note. In the event any instaliment is not paid when due or ~ithin ten ~ ~ ciays thereafter, the holder may collect, and the undersi~,med agree~ to pay a late charge on such-instailment in ~ an amount equal to 5~ of such installment or $5, whichever is less, and in the event this Note .is collected by ~ law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, - including rea.5onable attorney's fees and court costs to the extent permitted by~ Florida law. L The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and assign to the Holder a sufficient amount of such homesteacl or exemption as may be allowed, including such0 ~ : homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costs,of collection.~ , " and do hereby direct any trustee in bankruptcy having posses.ion of such homestead or exemption to deli~~er to the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced~`~ hereby. or any renewal thereof, and do hereby, jointly and se~•erall~•, ap~int the Holder the attorney in fact for r~ each of them, to claim any and all homestead exemptions allo~sec] U~• laK•. ~ A first mortgage for the security of the aforesaid indebtednes~ is retained by OUTI)OOR RESORTS OF A~IERICA, INC., on Lot No.27/1 in that certain Condominium known aa OUTDOOR RESORTS AT NETTLES ISLAND. and on any improvemen~s, fixtures or after acquired property added thereon, as shown by plat re- t c~~rded in the Office of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16, page 1:1A ~ ti~; ~ti' !.i _ - - _ ~ ~ r f~ ` ' ' ~ ~ ~ ~ ~ ~ ~ ~R-~'~ a _ ; s`'''~s. ~ ~f ...y~~~~~i~~~ _ ~ . 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