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HomeMy WebLinkAbout1135 2;25~1 ~ . M.O R T1G A?~.G E ~ Ro~ert B S~i ~,A ~~_~~~o.~_R9~d J ,~y,~^~ M~c~hiean 49?_Ol ~~41~.~; -~--$SeA~~F-- ~ i the mort~,rx~,?or, in consideration of the princip~?1 sum specified in the pronissory note hereafter described. rc~ ~ ~•~~i~•eci frnni OUTDOOR RESORTS OF AMERICA, INC., a corporatiun orgRnized and existing under the Laws ; ~~f the State of Tennessee. the Diortgagor. hereby on this~ -day of_ J~~~x , 19~~, ~ m~~i•tKa~;es to the Mortgagee the real property in St. Lucie Count~~, Florida, described as: ~ Lot No.~~ -__in that certain condoEninium know~i as OUTDOOft RESORTS OF AMERICA AT NET'I'LES ISLAND, a~ shown by plat recoi-ded in the Oft'ice of the Cii•cuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PUftCHASE b10NEY MORTGAGE security for the payment of the piromissory note of which the following is a copy: Installment Note and Disclosure Statement = 936o~pp St. Lucie County , Florida ~ ~ ~au~ri st~~^~~ January 29 19 72 ~}fjud ori~,i,~i acn a"~or `~~'a~ue Recei~ ed, I, w e or either of e~s prom ise to pay to the order of OUTDOOR RESORTS OF :~~tERICA. INC., P. O. Box 1116, Jensen Beach, Florida, 33457, or any other place as the holder hereof may c~e~i~nate in writing, the sum of Nine thousand three hundred sixty ~9360.00 ~ Dollars. ~hi~ si~m Ueing the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE # t'IIARGE on the amount financed, payable ir?___60 _ equal consecutive monthly installments of 1~.00 each, and the first. installment to become payable on the 1St day of Mareh , 1~ 7~_. and one such installment to become ciue and payable on the 1St day of eaeh suceeeding month ' ;~ntil the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash i ht~fore the final installment date, the unearned portion of the FII~'ANCE CHAftGE shall be rebated under t h e Rule of ?8's. i 1 t 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 , E h~• this Note is found to be untrue in any material respect, or in the event THE iJNDERSIGNED. WITHOIJT TFIE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, ENCUMBER (EXCEPT ~ FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS 1~'OTE) OR OTHERWISE DISPOSE OF OR EN- ~ C'UMBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO ~ ~ ~;.1"IST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THAOUGIi & 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 under,igned, then the entire remaining indebtedness then i ~ due shall become immediately due and payable at the option of the holder hereof without demand, presentment ~ ~ or 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. ~ ~ Time is of the essence of this Note. In the e~ent any instaliment is not paid when due or w;thin ten ~ ~ days thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such instaliment in - an amount equal to 5~/ of such installment or $5, whiche~•er is les~, and in the event this Note is collected by - law or thtough an attorney at law or under advice thereof, the undersigned agrees to pay all eosts of collection~ i?~cluding reasonable attorney's fees and court costs to the extent permitted by Florida law. y The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and ~ a.ssiRn to the Holder a sufficient amount of such homestead or exemption as may be allowed~ including such F 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 deliver to ; the Holder a sufficient amount of property or money set a~art as exempt to pay the indebtednes9 evidenced ;z hereby, or any renewal thereof, and do hereby, jointly and sererally, appoint the Holder the attorney in fact for '~F; each of them, to claim any and all homestead exemptions alto~•ed by law. ~y A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF ~ AMERICA, INC., on Lot No.52~I in that certain Condominium known aa OUTDOOR RESORTS AT NE'TTLES ; = ISLAND. and on any improvements, fixtures or after acquired property added thereon~ as shown by plat re- corded in the Oflice of the Circuit Court in and for St. Lucie County, Florida, in Plxt Book 16~ page 1:1A through 1J. 0 R 200 ~~1~ Cu~A F!!Cf JJ ~ - - _ ~ - _ - - - ; ~ ~ W . . _ ~ . _ ~ ; -s__h ,