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Home My WebLink About0089 J ~ 230839 ~ T,..S tnsuume~t p•.~,..~ ~ M~RTGAG~E - _ Gu~ucrr c~ ~,nQnca~ Inc. John P. and Vir~inia M. Meyer_i___2240 Pioneer Rd.~ Hatboro~ Pa. 19040 . the mortgagoi•. in consideration of the principal sum specified in the promissory note }iereafter described~ re- 1•c~i~•ed from OVl'DOOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Laws <~f the State of Tennessee~ the Mortgagor. hereby on this___~_day of Mareh . 19 72 ~ m~~rtgages to the ~~ortga ee the,~~~l property in St. Lucie County, Florida, described as: Lot No. i2~ ~II _in that certain condominium known as OL'TDOOR RESORTS OF AMERICA AT NETTLES ISLAI~D, as shown by plat recorded in the Oflice of the Circuit Court in and for St. Lucie County. Florida, in Plat Book 16~ page 1:1A through 1J. TNIS IS A PURCHASE 1f10111EY MOftTGAGE i`-~r a. security for the payment of the promissory note of which the following is a copy : t v ~ Instollment Note and Disclosure Stetement ` 9, 360.00 ~~-Z-y ~ ~ ~ St . Lncie Connty OtE OM CtlltS, ~C t~TAlIG~Bt.E rE.~tsJ:~+l PRO~E~11t, Florida . f;'_,~;;s ~IIRS~J~lIT T4 GlAPtFQ 71•13+1. ACTS Of 19/l. .:-ued c::;;i;.al aots t10GER PORRAS /J/~ M8I'C~ 19~ {Xirl CIfiW1? COUR7. St. WCIE Q0. Fl/~ ~'or°C~a ue Received, I, w•e or either of us prom ise to pay to the order of OUTDOOR RESORTS OF :~~1ERICA, INC., P. O. Box 1116. Jensen Besch, Flor ida, 3345T, or any other place as the holder hereof may cie~ignate in w riting, the sum of ~~e s'honsand Three Hund=ed Sixty ~ 9360.00 ~~llars, this sum being the Total of Payments referred to in the Disclosure Statement below. which includea a FINANCE ('HARGE on the amount financed, payable in____~_ 60____~equal consecutive monthiy installments of 156.00 payable on the lst day of-I'~?3r S--- each, and the first. installment to become , 1~7? , and one such instaitment to become due and payable on the-1St day of each succeeding month ln~tit the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash f~c•fore the fina! installment date, the unearned portion of the FINANCE 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 thirty (30) days, or if any statement, representation or w•arranty in any application for the credit evidenced t~ti• this Note is found to be untrue in any material respect, or in the event THE UNDEftSIGNED, WITHOUT THE PftIOR WRITTEN CONSENT OI~' THE HOLDER HERFOF, SHALL SELL, ENCUMBER (EXCEPT FOR ANY MORTGAGE WHICH 1S SECURITY FOft TH1S NOTE) OR OTHERWISE DISPOSE OF OR EN- ('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 THROUGH TiiE CREDIT EVIDENCED BY TNIS 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 d~~e shall became immediately due and pa~able at the option of the holder hereof without demand, presentment oi• notice of any kind. Any failure of holder to exercise said option sha11 not constiLute 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 instapment is not paid when due or within ten ciays thereafter, the holder may collect, and the undersigned agrees to pay a tate charge on such installment in an amount equal to 5~~ of such instailment or q5, whiche~•er is less, and in the event this Note ia coilected by law or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, including reasonable attorney's fees and couri costs to the extent permitted by Florida law. 1 The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and j assign to the Holder a suf~'icient amount of such homestead or exemption as may be allowed, including such ~ homestead or exemption as may be set apart in F,ankruptcy, to pay this note in full, with all costs of collection, i and do hereby direct any trustee in bankraptcy having po,ses~ion 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 hereby, or any renewal thereof, and do hereby, jointly and se~erall~, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allo~•ed by law. A first mortgage for the sec~e~to~OZh,le ~~oresaid indebtedness is retained by OUTDOOR RESORTS OF A:~IERICA, INC., on Lot No.]._2~1~n t a certain Condominium known as OUTDOOR RESORTS AT NE'ITLES I~LAND, and on any improvements, fixtures or after acquired property added thereon, as shown by plat re- corded in the Office of the Circuit Court in and for St. 0~ie ty, Florid 'n Plat Book 16, page 1:1A throuRh 1J. apQK~~~ PAGE ~ _ j 7 ~ = ~ ~ ~ . ~-~~"`~;~.~g _ , ; ~