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HomeMy WebLinkAbout1122 ~ 2~j~9 M 0:~ ~ G~~~` Jensen beach~ Fla. Eugene V. & Janie D. Dunphy~ husband 217 N. Indi n Rirer Dr.i/ ~ che moi•tgagor. in consideration of the principal sum specified in the promis3urs+ note hereafter described~ re- ~•~~i~•ed from OL'TDOOR RESORTS OF AMERICA, INC., a corporati~ crganized and existing under the Laws ~~f the State of Tennessee. the Mortgagor. hereby on this 22 -d~iy of ~C!lIDber lg 71 ~ murtgxges to the 1~lortgagee the real property in St. Lucie County. rlchida, described as: Lot No80~I -in that certain condominium known as OUTDOOR RESORTS OF A1~IERICA AT NETTLES ISLAKD, as shown i~y plat , recorded in the Oflice of the Circuit Court in and for St. L~icie C~unty. Florida, in Plat Book 16; page 1:1A through 1J. i THIS IS A PURCHASE MONEY MOftTGAGE ~ .e~ urit~• for the pa~ ment of the promissory note of which the follow ing is a copy : Installment Note and Disclosure Statement ~61}~,pp St. Luc1e Count,y , Florida pocumontary SrimPs December 22 ~jl ettiud origi.al note - 19 i an~ cance~~e0 ~ F~~r Value Recei~~ed, 1, ~~e or either of us promise to pay to the order of OUTDOOR RESORTS OF : :~~fERI('A, INC., P. O. Box 2116, Jensen Beach, Flor ida. 33457. or any other place as the holder hereof may ? ~~~~:~~,~n~te ~n .~~ritin~, the sum oisia thansand fonr _hundred thirty five ~643, .00 ~ nouars, ~ t}~i~ .um bein~? the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE 1 iARGE on the amount financed, payable irL-60 equal consecutive monthly installments of ~ 10~.2~_____Qach, and the first installment to become payable on thP lSt_day ofFebruar.y ~ 1~1 72, and one such installment to Uecome due and payable on the-_ 1St day of each succeeding month u:~til the whole uf said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ?~t~fore the fina! inctallment date, the unearned portion of the FINAI~'CE CHARGE shall be rebated under the Rule of 78's. In the event of default in the due and punctual payment of any installment on this Note for a period of t}~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED~ WITHOUT ~ 1'HE PRIOR R'RITTEN GONSEI'T OF THE HOLDER HEREOF, SHALL SELL. ENCUMBER (EXCEPT = ; I~'nR ANY MORTGAGE «'HICH 13 SECURITY FOR THIS NOTE) OR OTHERR'ISE DISPOSE OF OR EN- ! l'UbiBER OR GOMSiIT Ai`Y RREACH OF THE MOftTGAGE OR PERMIT OR SUFFER ANY LIEN TO = F:\IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ ~ T~iE 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 = due shall become immediately due and payable at the option of the holder hereof without demand, presentment y czr notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~ to exercise the same at any other time. i ~ Time is of the essence of this I~'ote. 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 pav a late charge on such installment in r an amount equal to 5: of such installment or $5, whiche~er is less, and in the event this Note is collected by ° law or through an attorney at la~+• or under advice thereof, the undersiRned agrees ta pay all costs of collection, - includinR reasonable attornet•'s fees and court costs to the extent permitted by Florida law. ' - The undersigned and all endorsers or other parties to this note jointly and severally trans~er, convey and ' assign to the Holder a cufficient amount of such homestead or exemption as may be allowed~ including such homestead or exemption as may be set apart in I~ankruptcy, to pay this note in full. with all costs of collection, and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a suflicient amount of property or money set apart as exempt to pay the indebtedness evidenced ';z hereby, or any renewal thereof, and do hereby, jointly and severall~~, appoint the Holder the attorney in fact for ~ ~ earh of them, to claim any and all homestead exemptians allowed by law. _ A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ A11iERICA, INC., on Lot I`'o. 80/I in that certain Condominium known as OUTDOOR RESORTS AT NETTLES [SLA:~'D, and on an~• improvements, fixtures or after acquired property added tt?ereon, as shown by plat re- - rorded in the Ofi'ice of the Circuit Court in and for St. Lucie County, Florida, in Plst Book 16, page 1:1A through 1J. - ; Eo K200 P~~i12x ~ _ ~ ~ - - _ - _ - _ . _ _ .F~ ` . ~ ~ ; ~ Y ~ x ~ , y~ ~~.'~.~.Sr. ~ ~_"'.v'~ b-._~v__ . .