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Home My WebLink About1021 ' : n - - ~ - - - - - - - - - , - 2 ~ MORTGAGE 23352 ~ ~ Charles & Zenia Palmer~ Canada Street_; Lake George~ New York 1284K cl~e mortgagoi•, in consideration of the principal sum specified in the promissory note hereafter described. r~ ~•~~i~•eci from OUTDOOR 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 19 ~2-: ' mo?•tgages to the Mortgagee the real property in St. Lucie County, Florida. described as: m, ~ ~ ~ Lot No.`~_ __in that certain condominium known as OUTDOOR ~ d RESOR7'S OF AbiERICA AT NETfLES~ ISLAND, as shown by plat ~ u Q recorded in the Office of the Circuit Court in and for St. Lucie County, ~ o Florida, in Plat Book 16. page l:lr1 through 1J. - U ~ ~ ! ~ ~ N { THIS IS A PURCHASE 1110NEY MORTGAGE ~ ± a. security for the payment of the promissoiy note of which the follo~ving is a copy : Q ~ ~ installment Note and Disclosure Statement " Q ` 9360. 00 ~EJO? ' 1~ Nt J~1?1reR dF ~Et . ~ c ~ ~ ~ ~ ~ ~ ~ St. Lucie CountY_ _ Florida uocu~nrn:a~r S:~mpl11RSlNNT 10 CWIPiER R•L~i .N'1i OF 1lIL~~~ ~ April 17 ~72 atti:ed onginal note ~ 19___[.__ Ila[f~( ~NGMT OOIIRI. ~T. YlCIE 1~. RA For Value Rece~l~e or either of us promise to pay to the order of OUTDOOR BESOItTS OF a1tER~CA, INC.. P. O. Box 1116. Jensen Beach. Florida. 33457, or any other place as the holder hereof may ~lt:.i~nate in writing. the sum ofNine thousand ee hundred sixty and ~ 4360.00 ~~~~a~, thi, sum being the Tota! of Payments referred to in t e Disclosure Statement below~ which includes a FINANCE ('IIARGE on the amount financed. payable i~- 60 equal consecutive monthly installments of ~ ~~6.00 each, and the first. installment to become payable on the lstday of June ~ t 9~2 , and one such installment to become due and pay able on the_ ls t day of each succeeding month t,T~til the whole of said indebtedness (Total of Payments) is paid. In the event of prepayment in full by cash ?aefore 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 ~ thii•ty (30) days, or if any statement, representation or warranty in any application for the credit evidenced 1>~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED, WITHOUT ~ THE PRIOK WRITTEN CONSENT OF THE HOLDEft HEftEOF, SHALL SELL, ENCUMBEB (EXCEPT ~ FOR Ah'Y MORTGAGE WHICH 1S SECURITY FOR THIS NOTE) OR OTHERWISE DISPOSE OF Olt EN- # C_'UMBER OB COMMIT ANY RREACH OF THE MORTGAGE OR PEAMIT OK SUFFEIt ANY LIEN TO 'j EYIST ON THE REAL PROPERTY PURCHASED 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 ~ ~ due shatt become immediately due and payable at the option of the holder hereof without demand~ presentment or notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right ' to exercise the same at any other time. • f 5 Time is of the essence of.this Note. In the event any installment is not paid when due or within ten ' days thereafter~ the holder may collect, and the undersigned agrees to pay a late charge on such~ installment in an amount equal to 5% of such installment or $5. whichever is less. and in the event this Note ia collected by la~• or throngh an attorney at 1aw or under advice thereof, the undersigned agrees to pay aU 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 Holder a safficient 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 ca4ta of collection, i ' and do hereby direct any trust~e in bankruptcy ha~ing possession of such homestead or exemptiQn to deliver to ~ ' the Holder a sufficient amount of property or money set apart as exempt to pay the indebte~neas evidemced ~ i 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 allowed by law. i ' A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR BESORTS OF k A:ViERICA, INC., on Lot No.~in that certain Condominium known ss OUTDOO~t RESORI'S AT NETTLES ; ISLAND~ 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. Lucie County, Florida. in Plat Book 16, pa e 1:1A ; through 1J. 0 R ~ ~oo~ w ~ ¢ ~~.'~~s,p~"~"c.~ -s--~'- s.. _ ' 4PsS"7X ~ .~a.'~ a ~ ~ 2`° ~h . . . _ . i~~~-'.