HomeMy WebLinkAbout0658 ~ ~ . ~:~s4~~ ~
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his 1504~ Finch Rd., ~
Donald E_ WahZberg and Constance E_ Wahlberg,wi fP,,Pl~,~ ~t Mir.~,rqE~ ~
the mortgagor, in consideration of the principal sum specified in the promissory note hereafter described, r~ ~
ct~i~•ed from OUTDOOR RESORTS OF AMERICA. INC.. a corporation organized and existing under the I,awa
oi the State of Tennessee, the Mortgagor, hereby on this day of N'iay 18~
mortgages to the Mortgagee the real property in St. Lucie County, Florida. described aR: -
i
Lot No.l,~ 57/II in that certain condominium known as OUTDOOR~
AESORTS OF AMERICA AT NETTLES ISLAND, as ahown by plat
recorded in the Ot1'ice of the Circuit Court in and for St. Lucie County.
Florida, in Plat Book 16. page 1:1A through 1J. T~~S ~ ~y
THIS IS A PURCHASE MONEY MORTGAGE t-,n;t ^u~.:~~.;
As security for the payment of the promissory note of which Lhe following ia a copy: Outdooc P,esoris c1 ;,;;~eri~a~ IrtG,
lnsta!lment Note and Disclosure Statement
~ 7020.00 St. Lucie County ~ Florida
Documentary Stampi
~lfixed o~iginal no4 May 31, 19 72
arn1 caacdlad
For Value Received, I. we or either of us promise to pay to the order of OUTDOOA RESO~tTS OF
A`tERICA. IhC.. P. O. Box 1116, Jensen Beach. Flor ida, 33457, or any other place as the holder hereof may
de~i~nate in writing. the sum ofseven thousand twenty_ and no/100 ~~020.00 ~~~~8rs,
this s?~m being the Total of Payments referred to in the Disclosure Statement below, which includes a FINANCE
C~~ARGE on the amount financed, payable in 60 equal consecutive monthly instaiiments of
c 117 • 00 each, and the first installment to become payable on thp 1 St day of July
.
1~~ 2. and one such installment to become due and payable on the 1 st day of each succeeding month
untii the whote of said indebtedness (Totai of Payments) is paid. In the event of prepayment in full by cash =
~
before the final installment date, Lhe unearned portion of the FINANCE CHAAGE shall be rebsted under ?
the Rule of ?8's. 3
In the event of default in the due and punctual payment of any instaliment on this Note for a period of ;
tE~irty (30) days, or if any statement, representation or warranty in any application for the credit evidenced ~
i,~• this Note is found to be untrue in any material respect, or in the event THE UNDERSIGNED. WITHOUT s
TNE PRIOR ~YRITTEN CONSENT OF TNE HOLDER NEREOF, SHALL SELL, ENCUMBEB (EXCEPT
F(~R ANY MORTGAGE WHICH lS SECURITY FO~t THIS NOTE) OR OTHERWISE DISPOSE OF OB EN-
Cli.IiBER OR COMMIT ANY BREACH OF THE MORTGAGE OR PEKMIT O~t SUFFER ANY LIEN TO ;
E~IST ON THE REAL PftOPEftTY PURCHASED BY THE UNDERSIGNED AND FINANCED THROUGH
THE CREDIT EVIDENCED BY THIS NOTE or in the event of the incompetency, insolvency (howsoever
evidenced) or bankruptcy of anyone or more of the undersigned, then the entire remaining indebtedness then
due shall become immediately due and ps?yable aL the option of the holder hereof ~vithout demand, presentment
ar notice of any kind. Any failure of holder to exercise said option shall not constitute a waiver of the right
to exercise the s$me at any other time.
` Time is of the essence of this Note. In the event any installment is not paid when due or within ten
days thereafter, the t~older may collect, and the undersiened agrees to pay a late charge on such fitstallment in
an amount equal to 5~l~ of such installment or $5. whichever is less. and in the event this Note ie collected by
law ~r through an attorney at law or under advice thereof, the undersigned agrees to pay all 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 jointiy and severalty transfer~ convey and ~
as~ign to the Holder a suf~'icient amount of such homestead or exemption as may be aliowed, including such
homestead or exemption as may be set apart in bankruptcy, to pay this note in fu11. with all cost~ of collection~ ;
and do hereby direct any trustee in bankruptcy having possession of such homestead or exemption to deliver to -
the Holder a svflicient amount of property or money set apart as ~exempt to pay the indebtedness evidenced
hereby; or any renewal thereof, and do hereby, jointly and severally, appoint the Holder the attorney in fact for
each of t?~em~ to claim any and all homestead exemptions allowed by law.
- A first mortgage for the security of the aforesaid indebtedness is retained by OUTDOOR RESORTS OF
AbiERICA, INC.. on Lot Nu~357~Ii;i that certain Condominium known as OUTD008 RESORTS AT NETI'LES
ISLAND. and on any improvements, fixturea or after acquired property added thereon, as shown by plst re-
corded in the Oflice of the Circuit Court in and for St. Lncie County, Florida, in Plat Book 16, page l:lA
Zhmu~b IJ. BOOK ~V5 FAGE