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Home My WebLink About0069 230823 M O R T G A:G E V . 1~, _ rep~~e~~ ~Y f ~ :~is . ;~er,ca, Ink au,~=~ John & Eileen McGowan~ hus~and and wife~ 8321 N.W. 13th St.~ Pembroke Pines rhe n~ortgagor. in consideration of the principal sum specified in the promissary~note hereafter described. re-F~a• ct~i~•ed fmm OUTDOOR RESORTS OF AMERICA. INC., a corporation organized and existu?g under the Laws ~~f the State of Tennessee, the Mortgagor. hereby on this~__day of-~~bruary._~ 19~. m~~i•t~;a~;es to the ~iortgagee the real property in St. Lucie County, Florida, described as: ' Lot No._l~II_____in that certain condominium known as UU'fI)QOR RESORTS OF AMERICA AT NETTLES ISLAND, as shoHn b~ plat recordecl in the Office of the Cireuit Court in and for St. Lucie County. Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE 11iO1~EY MORTGAGE 1) t= ~ a. ~ecurity for the pa~~ment of the promissory note of which the following is a copy : ~installment Note and Disclosure Statement ` 9~~d~.~~ ~~,Tr ~p ' IM PAYMENi OF TAXES St. Lucie County pt~ pq EtASS ~C IttTA[IGISI~ PE~AI PRO?ERI~, - . Fiorida an~xF~ ~;o~e pu~su+wr w cw?~Ea ~TS o~ February 27 is 72 aRC ~a~:;;~-.i ROGER 1"ORRAS //J' - ~ CII~1lli OOURT. ST. WCIE 00.. F~~r Value Recei~ed, l, we or either of us prumise to pay to the order of OUTDOOR RESORTS OF ~~1ERI('A. INC., P. O. Box 1116. Jensen Beach, Flor ida, 33457. or any other place a.s. the holder hereof may cic~<i~;nate in «•ritin~, the sum of~in~ thousand i1in~ hundred forty fiv~,~ ( QQ4, .QO ) Dollars, thi~ ,eim Lein~,? the Tota! of Payments referred to in the Disclosure Statement below. which includes a FINANCE t'1IARGE on the amount financed, payabie irL-__ 60 _ equal_consecutive monthly installments of ` 1~5.~_----each, and the first. instaliment to become payable on the ~t day o~_Pril ~ 1~? 72, and one ~uch installment to become due and payable on the____ lst day of each succeeding month ~~,itil the whole of said indebtedness (Total of Payments) is paid. In the event of prepa~~ment in full by cash I~c~fore the final installment date, the unearned portion of the FINANCE CHAAGE ahall be rebated under the Riile of ?8's. ]n the e~ent of default in the due and punctual payment of any installment on this Note for a period of thirty (34) days, or if any staterr?ent, representation or warranty in any application for the credit evidenced i h~~ this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ ~rHE PRIOR t~~RIT-CEN CONSENT OF THE HOLDER HEREOF, SHALL SELL, E~iCUMBER (EXCEPT ; FOR ANY MORTGAGE V~'HICN 1, SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ! c~U;ViBER OR C011iMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO i F.\1ST dN THE REAL PROPF.RTI' YURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH € T~iE CREDIT EVII)ENCEI) BY THIS NOTE or in the event of the incompetency. insolvency (howsoever i e~•idenced) or bankruptry of anyone or more of the undersigned, then the entire remaining indebtedness then ; tlue shall become imrr~ediately dne and payable at the option of the holder hereof without demand, presentment ! ~;r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right i to exercise the same at any other time. - ~ t Time is of the es~ence of thic hote. In the et~ent any installment is not paid when due or within ten ~ days thereafter, the holder mati• collect, and the nndersigned agrees to pay a late charge on such installment in ari amount equal to 5'~; of such instailment or $5, whiche~•er is le~s, and in the event this Note is collected by )aw or thtouKh an attorney at 1aw• or under advice thereof, the undersiRned agrees to pay all costs of collection, includinK reasonable attorne~•'s fees and court costs to the extent permitted by Florida law. The undersigned and all endorsers or other parties to this note j~intly and severally transfer, convey and ` assi~,•n to the Hotder a sutl~cient 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 fup, 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 sufficient 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~•, appoint the Holder the attorney in fact for ` each of them, to daim any and ail homestead exemptions alloµ•ed by law. A first mortgage for the security of the aforesaid indeb:edness is retained by OUTDOOR ~ RESORTS OF A~iERICA, INC., on I.ot No.~~n that certain Condominium known as pUTDOOR RESORTS AT NETTLES ~ I~LAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- eorded in the Office of the Circuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. ~ - aoox 203 69 ; e ~ d - ~ ~~t~~~~,~~~-g- Y _ ' _ . ~ ~ .