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Home My WebLink About0119 23U863 Th~s,;,~~-,,:.::~t F~~::3raa ey `Y MORTGAGE . . . • Qu~~~t~t~ n~'~ - ~ ~ _ r.^J j~ Ray_mond E,_ & Esther G. Butler~R.D,~l;_Pt. Jervis, New Yor~ - 12~1'i~ thEr mort~~zgoi•, in consideration of the principal sum specifieci in the promissory note hereafter described~ re- ~~~i~•ed frnm OLTTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing'~under the Laws ~~f the State of Tennessee, the Mortgagor, hereby on this__1?__day of APril ` ~ 1g 72 ~ murtKxge:~ to the riortgagee the real property in St, Lucie County, Florida. described as: Lot No. l~~~II_in that certain condontinium known as OUTDOOR . , _ RESORTS OF AMERICA AT NETTLES ISLAND, as shown by plat recordeci in the Office of the Circuit Coart in and for St. Lucie County~ Florida, in Plat Book 16, page 1:1A through 1J. THIS IS A PURCHASE MONEY MORTGAGE o cecurit~~ for the payment of the promissoiy note of which the follo~ving is a copy: e j~ , ~ Instaliment Note and DisciosureStotement~ ~_~l . 60 ~ tN r~~r °F ~s S t. Luc i e C ounty F'lorida ~ mmenyry Ja~ripas ~ OM ~tA1S'C lNt~.'JGI~IE PE ~ ~•l P*~0''ERIy, • g M~au~t To auP rs t~ iy,,. f April 17 19 72 sf(ized ori inai natE ~ ~ • and urtce!!ed q~~R p~qqT CpUpT, Si. WCIE 00. FIJ~ For Value Received, I, u•e or either of us promise to pay to the order of OUTDOOR RESORTS OF a~1ERlCA, INC., P. O. Box 1116, Jensen Beach, Flor ida, 33457. or any other place as the holder hereof may ~l~~~ifinate in writing, the sum o F~ v sand one hundred ninety nine ~ 5199 • 60 ~~ollars. - thi, sum being the Total of Payments re erred to in the Disclosure Statement below, which includes a FINANCE ~'EIARGE on the amount financed, payable in___ 60_.__ equsl consecutive monthly installments of ~ b 66 _ each. and the first installment to become payaUle on thP ls t day of_J~e , I ~ 7~. and one such installment to become due and payable on the-~_day of each succeeding month i~ntii the w•hole af said indebtedne.ss (Total of Payments) is paid. In the event of prepayment in full by cash 1~efore the final 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 d~e and punctual payment of any installment on this Note for a period of thirty (30) days, or if any statement, representation or warranty in any application for the credit evidenced t~~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT T}iE PRIOR WRITTEN CONSENT OF THE HOLDEft HEREOF, SHALL SELL. ENCUMBER (EXCEPT ' FOR ANY MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF OK EN- ('L'MBER OR COMMIT ANY RREACH OF THE MORTGAGE OR PERMIT OR SUFFER ANY LIEN TO E~IST ON THE REAL PROPEftTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH ~ TtiE CREDIT EVIDENCED BY THIS NOTE or in the event of the irtcompetency, insolvency (howaoever e~~idenced) or bankruptcy of anyone or more of the undersigned, then Lhe entire remaining indebtedness then ci~~e shall become immediately due and payable at the option of the holder hereof without demand, presentment ~~r notice of any kind. Any failnre of holder to eYercise said option shall not constitute 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 instaliment is not paid when due or within ten ; ciays thereafter, the holder may collect, and the undersi~ned agrees to pay a late charge on such inatallment in ` an amount equal to 5~~ of such installment or $5, whiche~er is less, and in the event this Note ia collected by ` la~v or through an attorney at law or under advice thereof, the undersigned agrees to pay all costs of coAection, ~ncluding 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 severaljy transfer, convey and ~ a~sign to the Nolder a suflicient 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 full. with all costs of collection. and do hereby direct any trustee in bankruptcy having po,ses~ion of such homestead or exemption to deliver to ~ the Nolder a sufficient amount of property or money ~et apart as exempt to pay the indebtedn~ss evidenced ; hereby, or any renewal thereof, and do hereby, jointly and se~•erally, 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 secig~~C~~e ~~oresaid indebteciness is retained by OLJTDOOR BESORTS OF ~ ; A:4IERICA, INC., on Lot No.l ~ in that certain Condominium known aa OUTDOOR BESOftTS AT NE'ITLES , ; ISI.AND, and on any improvements, fixtures or after acquired property added thereon. as shown by plat re- ~ corded in the Of~'ice of the Circuit Court in and for St. Lucie ('ounty, Florida, in Plat Book 16. page 1:1A ' throuRh 1J. a001(~Oi) PAGE ~~c7 ~°d°~%~ - " ' _ r~'y. 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