The URL can be used to link to this page

Home My WebLink About2884 _ . - - - . , . . 228642 6 s te.e To~e,i ch ~ sr and M O R T G A G E ~ S$, Tom3. eh end ae~org.$. w.. To~~ tonebraker and Geraldine . StonebraYerL and tephen J. ~omich_ Rich~rd tfie mor~gagor. in consideration of the principal sum specified in the promissory note hereafter descril~ed. r~ rc~i~~eci from OIITDOOR RESORTS OF AMERICA, INC.~ a corporation organized and existing under the Laws uf the State of Tennessee. the Mortgagor, hereby on this 1~.-day of Fe~u~~ . 19 72, mortgxge. to the Mortgagee the real property in St. Lucie County, Florida, described as: o Lot No l~~~in that certain condomittium known as Otrl'DOOft o y RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat , ~ recorded in t~e Office of the ~ircuit Court in and for St. Lucie County. m~; Florida. in Plat Book ?6; page 1:1A through 1J. ~ ~ THIS IS A PUBCHASE MONEY MORTGAGE ~ n ~ As security for the payment of the promissory note of which the following is a coFy: ~ d~ o lnstatiment Note and Disclosure Statement _ g 7020,pp . St. ~bucie County Florida Documentary Stamp= ' ~f~~a o~~g~~~ ~u . k'ebruary 14 lg 72 a~ - For Value Receeved. I. we or either of us promise to pay to the order of~UTDOOR RESORTS OF A1'IERICA. INC.~ P. O. ~ox 1116. Jensen Beach. Flor ida. 33467, or any other place as the holder hereof may clesi~nate in writing, the sum of S ~?020.00 ~~~lars, th;s sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE ('HARGE on the amount financed. payable in 60 equal consecutive monthly installments of g 11 .00 each~ and the first installment to become payabte on the lSt day of g_pril , 19_ 72, and one such installment to become due and payable on thp ls t 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 final installm~nt date~ the unearned portion of the FINANCE CHARu~. 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 thirty (30) days. or if any statement. representation or warranty in any application for the credit evidenced by this Note is found to be untrue in any material respect. or in the event THE UNDERSIGNED, WITHOUT THE PRIOR WItIiTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBER (EXCEPT FOR ANY MOATGAGE WHICH 1S SECUKITY FOIt THIS NOTE) OR OTHERWISE DISPOSE OF OIt EN- CUMBER OR COMMIT ANY BftEA~H OF THE MORTGAGE OR PERMIT OA SUFFER ANY LIEN TO EXIST ON THE REAL PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever evidenced) or bankruptcy of anyone or more of the undersigned, then tr~ en*_ire remaining indebtedness then due shall become immediately due and payable at the option of the holder hereof without demand. presentment ot. notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ~o~gxe~jtise the same at any other time. ~ ~i ' Time is of the essence of this Note. In the event any installment is not paid when due or- within ten day9 the#eafter, the holder may collect, and the undersigned agrees to pay a late charge on such instaliment in an,amoum equal to 5 J of such installment or $5~ whichever is less, and in the event this Note ia ~collected by . law .or tlitbugh an attorney at law or under advice thereof, the undersigned agrees to pay all cost~ of collection, - includ(ng reasonable attorney's fees and court costs to the extent permitted by Florida law. - . - ~ The undersigned and sll endorsers or other parties to this note jointly and severally transfer, convey and ~ assi~i~ to the Holder a sufl'icient amount of such homestead or exemption as may be allowed. including auch hom~atead or exemption as may be set apart in hankruptcy~ to pay this note in-full, with all costS'~of collection~ and itereby direct at~,y trustee in bankruptcy having possession of such homestead or exemptiart~fo deliver to the ~olt~er a st~fficient amount of property or money set apart as exempt to pay the indebtedness evidenced hereby o'c any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for each o~kem~ to claim any and atl homestead exemptions alloweci by law. ~ A firat mortgage for %he~3/~e~t~Oxhie ~oresaid indebtedness is retained by OI/TDOOR RES08TS OF AMERICA, INC., on Lot No in t a certain Condominium known as OUTDOUK RE~ORTS AT NEITLES ISLAND. and on any improvdnenta. flxturQS or after. acquired propert~ add~d._tLtrean, ae show?n by plst re- corded in the Of!'ice of the Circuit Court in wnd foz 8t. Lucie Countq~ Florids, in Plat Bovk 16. psge 1:1A ti,.».,oh 1 T ' w. 6~K~ ~A~E~~~ ~ _ ~ , 4 _ 4_.,-~.. - _ ~ ~ ~ :