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HomeMy WebLinkAbout2904 . _ _ _ .__.4.__. - - - _ . _ _ - - - t ~ This InstrwTtent,P~epared. By _ . ~ p 2~~ M O R T G A G E Lyrtn Ralk(ey ' . , Outdoor Resorts of America~ InC. ~ ~ARTOI~ 1C. $QRGREEDT & JtTLIA S. gt1RGR8~, ~ISH~ADID P11fD aIIFE~ . the mortgagor. in consideration of the principal sum specified in the prnmissory note hereafter described~ r~ ceived from OiJTDOOR RESORTS OF AMERICA, INC.. a corporation organized and existing under the I.awa of the State of Tennessee. the Mortgagor, hereby on this lst day of ~ ~rcb - 19 72 . mortgages to the Mortgagee the real property in St. Lucie County. Florida. described as: Lot No 35~ in that certain condominium known as~ OUTDOOIt RESORTS OF AMERICA AT NETTLES ISLAND, as sl~own 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 ld. THIS IS A PUBCHASE MONEY MORTGAGE As security for the payment of the promissory note of which the following is a copy: . Installment Note and Disciosure Stotement ~ ~ 6, 435.00 St. Lucie Co~nty Florida Documentary Sta~ ~ MatCll 1~ _ 1972 ~tiized original ao~ For~ ue eceived, I, we or either of us prom ise to pay to the order of OUTDOOB RESOItTS OF ~ A~SERICA. INC., P. O. Box 1116, Jensen Beach~ Flor ida, 33457, or any other place as the holder hereof may ciesifinate in writing, the sum ofS~ thonsand fonr hnndred thirty five ~ 6,435.00~ this sum being the Total of Payments referred to in the Disclosure Statement below. which includes a FINANCE CHARGE on the amount financed. payable in 60 equal consecutive monthly instaliments of ' ~ 107.25 each, and the first installment to become payable on thp lst day of April f 19 ~ 2 , and one such installment to become due and paqable 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 cssh ~ l~efore the final installment date, the unearned portion of the FINANCE CHARGE ahall be rebated under ~ the Bule of ?8's. In the event of default in the due and punctual payment of aqy installment on this Note for a period of ~ thirty (30) days. ~r if any statement. representation or warranty in any application for the ct~edit evidenced by this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WIT~IOUT THE PRIOR WRITTEN CONSENT OF THE HOLDER HEREOF. SHALL SELL, ENCUMBEB (ERCEP'P FOR ANY MORTGAGE WHICH 1S SECURITY FO~t THIS NOTE) OR OTHEAWISE DISPOSE OF OR EN- CUMBEA OR COMMIT ANY BREACH OF THE MORTGAGE O$ PEftMIT 08 SUFFEB ANY LIEN TO EXIST ON THE REAL PBOPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howaoever evidenced) or 6ankruptcy 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 or notice of any kind. Any failure of holder to exereise 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 event any installment is not paid when due or within ten days thereafter, the holder may collect~ and the underaigned agrees to pay a late charge on such installment in , ~ an amount equal to 5 J of such installment- or $5, whichever is less, and in the event this Note ie coUected by laK or through an attorney at- law or under advice thereof, the undersigned agrees to pay all oosts~of collection, ~ including rea.qonable attorney's fees and court costs to the extent permitted by Florida law. ~ ~ The underaigned and all endorsers or other parties to this note jointly and severally transfet. convey and ; assign to the Holder a sufficient amount of such homestead or exemption as may be allowed, including such ~ ` homestead or exemption as may be set apart in bankruptcy, to pay this note in full, with all costa`of collection. f and do hereby direct ar~y truatee in bankruptcy having possession of such homestead or exemption,~tio deliver to the Holder. a suff'icient amount of property or money set apart as exempt to pay the indebtedne3a evidenced hereby. or any renewal thereof. and do hereby, jointly and severally. appoint the Holder the attorney in fact~or each of them, to claim any and s11 homestead exemptions allowed by law. ' A first mortgage for the security of the aforesaid indebtedness is retained by OUTD008 RES08T3 OF AMEBIGA, INC., on Lot No35~ in that certain Condominium known ~a OUTDOOR RESOft1'S AT NEITLES 1SLAND~ and on any improvements~ fixturea or after acquired property sdded thereon, aa ahown by plat re- corded in the Of~ice of the Circuit Court in and fAo RSt. Lucie County, Florida. in P1at Book 16, page 1:1A through 1J. ~OOK~~ PACt~~1, -Y- ~ - - ~ ~ _ . ,