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Home My WebLink About0109 - - - - - - - - - - 23Q855 MORTGAGE . • i ' ~:~s t.;t; ~t~~~Ea sy f ' • • . ~~~,~t Ra`r:'.z1 George A~_ & Bet~Lou Longacre~ 1~5 Armstrong St. ~~v~~~~tB~~SA,~~~Fla. . the mo1•t~a~;or, in consideration of the principal sum specified in the promissory note hereafter described~ re- # ,~f•i~•eci from OL'TDOOR RF.SORTS OF A11iERICt1, INC., a corporation organized and existing under the Laws ~~f the State of Tennessee, the Mortgagor, hereb~~ on this l~.~day of_ ~3r 1972 , m~~i•tgage~ to the Diortgagee the real property in St. Lucie Count~, Florida, described as: Lot No 1129~1 I_in that certain condominium known as OUTDOOR RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recorded in the Office of the Circuit Court in and for St. Lucie County, Florida. in Plat Book 16. page 1:1A thmugh 1J. ~4 THIS IS A PURCHASE b10NEY biOftTGAGE ~ security~ for the payment of the promissoiy note of which the following is a copy : Installment Note and Disclosure Statement~ ~~~~.00 ~ tN N?rr~r oF ~ St . Lucie County . Florida auE oN ~e~ss ~c ~t~cre~ vER9or+w. r~o~r. luiqlwt ~+o aurreR ~i-i~. ~crs oF iyn. May lp 19 72 l~ocome~!a~7 StaTps NOGER POITRAS `jj~ st~iz~1 c;.~ d~M~ pilqllT~~ ST. WCtE C0~ - ~qty,.~alei~ Recei~•ed, I, H•e or e~ther of us prom~se pay to the order of OUTDOOR RESORTS OF ~~iERICA, tI~C., P. O. Box 1116~ Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may ~ie~i~nate in Hriting, the sum ofNine Thousand Nine Hundrad For y F' ve ~ .OJ~ ~»ars, *.hi, sum being the Total of Payments referred to in the Disclosure Statemen be~ich includea a FINANCE ~'t1ARGE on the amount financed, payable in.__-_. ~_~4__- equat consecutive monthly installments of ~ 165•75 each' and the first. instaliment to become payable on the 1St day of`AugLiSt . 1~ 72_, and one such installment to become due and payable on the-lSt ~ay of each succeeding month itr~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash i,t~fore the fina! installment ~ date, the unearned portion of the FINANGE CHARGE shall be rebated under the Rule of 78'~. In the e~•ent of default in the due and punctual payment of any installment on this Note for a period of thii•ty (30) days. or if any statement. representation or warranty 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 UNDEBSIGNED. WITIiOUT THE PRIOR ~VRITTEN CONSENT OF THE HOLDER HEREOF, SHALL SELI,~ ENCUMBER (EXCEPT F'OR ANY MORTGAGE WHICH 13 SECURITY FOB THIS NOTE) OR OTHERWISE DISPOSE OF OR EN- ('LTMBER OR COMMIT ANY RREACH OF THE MOR'fGAGE OR PERMIT OR SUFFEB ANY LIEN TO E~iIST ON THE REAL PROPERTY PUBCHASED BY THE UNDERSIGNED AND FINANCED THROUGH THE CREDIT EVIDENCED BY THIS 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 clue shatl become immediately due and pas•able at the option of the holder hereof without demand, presentment ~~r notice of any kind. Any failure of holder to exereise said option shall not constitute a Raiver of the right to exercise the same at any other iime. Time i~ of the essence of this Note. In the event any instaltment is not paid when due or within ten days thereafter, the holder may collect, and the undersigned agrees to pay a late charge on sueh installment in an amount equal to 5rf of such installment or $5, whichever is less, and in the event this Note ia collected by law or thmugh an attorney at law or under advice thereof, the undersigned agrees to pay sll costa of collection, including reasonable attorney's fees and court costs to the extent permitted by Florida law. ~ The undersigned and all endorsers or other parties to this note jointly and severally transfer. convey and ~ assign to the Nolder a suflicient amount of saeh 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 cost~s of collection, ~ and do hereby direct any trustee in bankruptcy ha~ing posse;.ion 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 herei~S•, jointly and se~•erall~•, appoint the Holder the attorney in fact for each of them, to claim any and all homestead exemptions allowed b~• lav?. A first mortgage for the~e~t~one,a€oresaid indebteciness is retained by OUTDOOR BESOATS OF ~:4fERICA, INC., on Lot No ~n a certain Condominium known aa OUTDOOR RESOBTS AT NF.'TTLES ISLAND, and on any impmvements, fixtures or after acquired property added thereon~ as shown by plat re- c:orded in the Oflice of the Circuit Court in and for St. Lucie County Flo i in P1wt B k 16, page 1:1A throuRh 1J. $ ax PA~E ~~i7 ~ ~ ~ ° • ~ s~~~„~ n ; .y,~ . ' . ~ ~i.-x~ ` ~ ~ ` _ ~ _ ~ < _ _ _