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Home My WebLink About0094 ~'!°pared 6y ~ 23 M 0 R T G A G E~; ~1,,..,;~ ~ 0843 ~ R~~~.:Ey Outdoor TeS~,jS o~ m Eugene T. & Mildred K._Simpson~2901_NW 4~th Terrace, I't. Lau~e~f~s~~ Fla. , f},~~ mort~?n~;or. in consideration of the principal sum specifieci in the promissory note hereafter described, re- ,~~~i~•ed from OL?TDOOR RESORTS OF AMERICA. INC., a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor. hereby on thi~__ --day of A~l 19 72• m~~rt~?age. to the tiiortgagee the real property in St. Lucie County, Florida, described as: ~ Lot No. 124~I I_in that certain condominium known as OL'TDOOF~ : RESORTS OF AMERICA AT NETTI.ES ISLAND, as shoHn by plat ! recorded in the Ofl~ice of the Gircuit Court in and for St. Lucie County, Florida, in Plat Book 16, page 1:1A through 1J. , ~ THIS IS A PURCHASE ~1fONEl' :NORTGAGE ti- ~ I~ ~~.ecnrity for the pnyment of the promissoiy note of ~ hich the following is a copy : i ~ Instaliment Note and Disclosure Statement~ ~ 9360.~00 $--~1 ~-1 y ":rar`: °F 1°x~x St . I.ucie County ~ , Florida ~ ~ - - ouE a: euss w ~y:~ .c.~ : : •~L PI.'~1?E~itY. . , Dcc~~ .~';s pURS1~IWT TO GiA.°if~ 7: I_;. ~LCiS OF ly/l. A ril 6 72 ? atfixed ;;_te RUGER Pt)RW1S P 19 ' and ea;:~e',ted CtF1iK CIflCU1T OOURT. ST. WCIE 00~ Fu ' Fot• Value Recei~•ed, 1. ~se or either of us promise to pay to the- order of OUTDOOR RESORTS OF ; .a~iE;RI('A, INC.. P. O. Box 1116. Jensen Beach, Florida, 33457, or any other place as the holder hereof may ~ Niae Thonsaad Th~cee 8andred SixtY 9360 00 ~ cl~~~i~nate in ~vriting, the sum of ( ' ) Dollars. thi; sum being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANC~ ~~1iARGE on the amount financed, payable in-____ 60 ---equal consecutive monthly instaliments of _ 156.00 ___each, and the first installment to become payabie on the ls t~day of_ June ~ 1'? 22, and one such installment to become due and payable on the__ lst day of each succeeding month i ~~<<ti3 the K•hole of ~3id indebtednes.s (Total of Payments) is paid. In'the event of prepayment in full by cash ! t~:~f~~re the final installment date, the unearned portion of the FINANCE CHARGE shall be rebated under i thr~ Rule of 78's. ~ In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of tt~i?•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced this I~'ote is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT TFiE PRIOR «'RITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELL. ENCUMBEA (EXCEPT ~'nR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ; c'L':~iBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFEB ANY LIEN TO ~ E~IST ON THE REAG PROPERTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ; '1'IiE 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~i~ned, then the entire remaining indebtedness then ciue shall become immediately due and payable at the option of the holder hereof without demand. presentment i ~~r notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ? < to exercise the ~ame at any other time. s t Time is of the essence of this 1\ote. In the e~ent an~ in.tallment is not paid when due or within ten ~iaS•s thereafter, the holder may collect, and the undersi~ned a~ree, to pay a late charge on such installment in ~ ~ ,tn amount ual to 5~~ of such installment or $5, w•hiche~•er is less, and in the event this Note is collected by - e9 x ~ la~• or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of collection, ~ includinR reasonable attorney's fees and court costs to the extent permitted Uy Florida law. ~ ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer, convey and ~ :i`~i~n to the Hoi~er a sufficient amount of such homestead or exemption as may be allowed, including such h~~mestead or exemption as may be set apart in bankruptcy, to pay this note in full, with a11 costs of collection, ~ and do hereby direct any trustee in bankruptcy having pos~e~sion ~~f such homestead or exemption t~~ deliver to ~ ~'x~ • ~ the Holder a sufl'icient amount of property or money set apart a~ exempt to pay the indebtedness evidenced { ~ hereby, or any renewal thereof. and do hereby, jointly and ,ever<~liy-, appoint the Nolder 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 ity of the ~oresaid indebtedness is retained by OL'TDOOB RESORTS OF ~ A~IERICA, INC., on Lot :v'o.121+2 ~'~n tCfia~"~ertain Condominium kn~wn as OUTDOOR RESORTS AT NETTLES ~ I~I,AND, and on any improvements, fixtdres or after acquired property added thereon~ as shown by plat re- ~~~~rded in the Office of the Circuit Court in and for St. Lucie County, F'lorida. in Pl~?t Book 16~ page 1:IA through 1J. gpqK203 PAG~ J~ ~ - - , M~ . ~ r ~ e rt _ ~ = ~rr:`"~-~' ~*~-y~v ~ ~ ~ _ - ~ ~ ~ . ~ ~~w ~ _ _ " ~ ~