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Home My WebLink About0099 _ ` _ , . ` ~ - . 23Q84'7 M O R T G A G E~ ~~S ~~st~~m.,~, Qy Lti:• t ~ ~tdoor ~e: . . Bernard & Rena F. Solomon, 1110 NW 130 St., Miami, Floria~ , tlie mortgagor. in consideration of the principal sum specified in the promissory note. hereafter described. re- ; ~•~~i~~ed from OUTDOOR RF.SORTS OF AMF.RICA, INC., a corporation organized and existing under thp Laws s _r - ~ 4 ~~f the State of Tennessee. the Mortgagor. hereby on this_ 6_.__day of APril ~ Y9 72 m~~rtgages to the Diortgagee the real property in St. Lucie County, Florida. describecl as: ~ ~ , 1243/II Lot No.-_ -__in that certain condominium knoHn as OUTDOOR i RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Of~'ice of the Circuit Court in and for St. Lucie County. Florida~ in Plat Book 16, page 1:1A through 1J. • THIS IS A PURCHASE 1110NEY MORTGAGE a, security for the payment of the promissory note of which the following is a copy : Instaliment Note and Disclosure Statement~ ~ ~9~;~. ~p ~ . ~ ~ ~ ~ St. Lucie County Florida __~'x~~~:-.. uuE a~ w?ss ~~u-~~:r,~e~E 9f~~a:~i Pao.~aY. 2 affueJ ..J MtRSWt(t f0 G'~"' „~-i. A~~S UF 19i1 AUTIZ 6~ ~ 197 anJ ~anc:eile9 f ~ : ' ~ :JT ~A : ~ ~r For Value Received, I, ~o~~~~~~~ ~s ~3St4~r~se~o to the order of OUTDOOR RESORTS OF ~~iERICA. INC.. P. O. Box 1116. Jensen Beach, Flor ida~ 33467~ or any other place as the holder hereoi may de~ignate in writing. the sum ofNine thousand nine hundred ei ht our Q8~+.00~ ~~lars. this sum being the Total of Payments referred to in the Disclosure Statement be ow~ w ic mcludea a FINANCE CHARGE on the amount financed, payable in 96 equal consecutive monthly inataliments of g 10~+.00 each, and the first installment to become payable on the lst day of J~e . 19_~, and one such installment to become due and payable 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 cash ~ before the fina) installment date~ the unearned portion of the FINANCE CHABGE ahall 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 ~ thi: ty (30) daya. or if any atatement, representation or warranty in any application for the credit evidenced by this Note is found to be untrue in any material reapect, or in the event THE UNDERSIGNED, WITHOUT THE PBIOR WBITTEN CONSENT OF THE HOLDER ~iEREOF, SHALL SELL, ENCUDdBE~i (EXCEPT f FOR ANY MORTGAGE WHICH 1S SECUAITY FOR THIS NOTE) OB OTHEF.WISE DISPOSE OF O~t EN- ` CUMBER OR COMMIT ANY BREACH OF THE MOATGAGE OR PERMIT OR 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, inaolvency (howscever ~ evidenced) or bw~kruptcy of anyone or more of the undersigned, then the entire remaining indebtednesa then ' due sh~ll beoome immediately due and payable aL the option of the holder hereof without demand~ presentment or notice of any kind. Any iailure of holder to exercise said option shall not conatitute a waiver oi the right to exarcise the same at any other time. _ ' ~ e nce of thia Note. In the event an installment is not paid when due or ~within ten 'Time is of the ee e Y ~ daye thereAiter~ the holder m~?y collect~ and the underaigned agrees to pay a late charge on auch inetallment in ~ an Amount eQual to 6~ oi euch inataliment or a6. whichever is less, and in the event thia Note ie collected by ~ law or through ~n ottorney nt law or under advice thereof~ the underaigned agreee to pay a11 coeta.oi collection~ 'U~ including reuanable attorney's feee and court coate to the extent permitted by Florida law. ~ - ~ The underei~r?ed i?nd all endorsera or other parties to this note jointly and severally tranafer~ convey and aseign to the Holder a aufticient amount of such homestead or exemption as may be allowed. including such ~ homeatead or exemption As m~y be set apart in bankruptcy, to pay this note in full~ with all coats of collection, ~ $nd do hereby direct ar~y truatee in bankruptcy having possession of such homestead or exemption to deliver to the Holder a sufl9cient amount of property or money set apart as exempt to pay the indebtedness evidenced ~ hereby, or any renewal thereof~ and do hereby, jointly and severaily, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allow~ed by law. ~ ~ A flrst mortgage for the aec~a et~3'to on sls~foresaid indebtedness is retained by OLJTDOOB RESORTS OF AMERICA, INC., on Lot No12~3L.in ~hs~t certa~n Condominium known v OUTDOOR RES08T3 AT NE'T'fLES ~ ISLAND, and on any impmvements~ }ixtures or after acquired property added thereon~ as ahown by plat re~- ~ corded in the O}flce of the Circuit Court in and for St. Lucie County, Florida~ in P4t Book 16, page 1:1A ; .j ~ : through 1J. BOOK FAGE i7~ , - ~ : Yn~v 'k ~ a~i br ~Y'~ 5 "if'~ P - - - _ ~ . ~